Question 1

Gate keeping manages the cost of shipping returned goods.

Accepted Answer

A) True 
 B)False

Question 2

Examination of the sources of supply for purchased parts or materials in order to improve performance is called:

Accepted Answer

A) vendor analysis 
B) value analysis 
C) negotiated purchasing 
D) reverse engineering 
E) disintegration 
A) vendor analysis 
B) value analysis 
C) negotiated purchasing 
D) reverse engineering 
E) disintegration

Question 3

In purchasing, one's only ethical obligation is to one's suppliers.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is an advantage of E-business? (I) reduction of transaction costs
(II) shortened supply chain response time
(III) greater customer loyalty

Accepted Answer

A) I 
B) II 
C) I and II 
D) II and III 
E) I, II, and III 
A) I 
B) II 
C) I and II 
D) II and III 
E) I, II, and III

Question 5

The importance of purchasing relates only to the cost of parts and materials purchased, which is often 60% or more of the cost of finished goods.

Accepted Answer

A) True 
 B)False

Question 6

In e-commerce, the front-end design is significantly more important than the back-end design.

Accepted Answer

A) True 
 B)False

Question 7

The purchasing cycle begins with:

Accepted Answer

A) selecting a supplier 
B) placing an order 
C) evaluating potential vendors 
D) conducting a value analysis 
E) receiving a requisition 
A) selecting a supplier 
B) placing an order 
C) evaluating potential vendors 
D) conducting a value analysis 
E) receiving a requisition

Question 8

Using third-party fulfillment means losing control of fulfillment.

Accepted Answer

A) True 
 B)False

Question 9

Centralized or decentralized purchasing is directly related to the size of an organization.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is not an application of E-business?

Accepted Answer

A) internet buying and selling 
B) e-mail 
C) order and shipment tracking 
D) electronic data interchange (EDI) 
E) universal product codes 
A) internet buying and selling 
B) e-mail 
C) order and shipment tracking 
D) electronic data interchange (EDI) 
E) universal product codes

Question 11

Which of the following is a principle required for ethical behavior in purchasing?

Accepted Answer

A) loyalty to employer. 
B) justice to those you deal with. 
C) faith in your profession. 
D) all of the above. 
E) none of the above. 
A) loyalty to employer. 
B) justice to those you deal with. 
C) faith in your profession. 
D) all of the above. 
E) none of the above.

Question 12

Returned goods are part of reverse logistics.

Accepted Answer

A) True 
 B)False

Question 13

One disadvantage to RFID is that they require a 'line of sight' for reading.

Accepted Answer

A) True 
 B)False

Question 14

The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is not a benefit of RFID?

Accepted Answer

A) increased productivity 
B) elimination of paper work 
C) frequent deliveries of smaller shipments 
D) reduction in clerical labor 
E) increased accuracy 
A) increased productivity 
B) elimination of paper work 
C) frequent deliveries of smaller shipments 
D) reduction in clerical labor 
E) increased accuracy

Question 16

Our organization can obtain visibility to potential trading partners on the internet by using:

Accepted Answer

A) C2C 
B) B2C 
C) B2B 
D) C2B 
E) None of the above 
A) C2C 
B) B2C 
C) B2B 
D) C2B 
E) None of the above

Question 17

Delayed differentiation is a means of increasing product variety without building the customized product from scratch or keeping large inventories of custom products.

Accepted Answer

A) True 
 B)False

Question 18

The purchasing perspective of the supplier as a partner is characterized by:

Accepted Answer

A) an emphasis on low prices 
B) one or a few suppliers 
C) low flexibility 
D) 100% inspection for quality 
E) low volume 
A) an emphasis on low prices 
B) one or a few suppliers 
C) low flexibility 
D) 100% inspection for quality 
E) low volume

Question 19

Design and purchasing people should work closely because changes in design, specifications, or materials can impact future purchase requirements.

Accepted Answer

A) True 
 B)False

Question 20

Managing supply chain visibility involves making sure that potential supply chain partners are aware of your organization's needs.

Accepted Answer

A) True 
 B)False

Exam 15: Supply Chain Management

Gate keeping manages the cost of shipping returned goods.

Examination of the sources of supply for purchased parts or materials in order to improve performance is called:

In purchasing, one's only ethical obligation is to one's suppliers.

Which of the following is an advantage of E-business? (I) reduction of transaction costs (II) shortened supply chain response time (III) greater customer loyalty

The importance of purchasing relates only to the cost of parts and materials purchased, which is often 60% or more of the cost of finished goods.

In e-commerce, the front-end design is significantly more important than the back-end design.

The purchasing cycle begins with:

Using third-party fulfillment means losing control of fulfillment.

Centralized or decentralized purchasing is directly related to the size of an organization.

Which of the following is not an application of E-business?

Which of the following is a principle required for ethical behavior in purchasing?

Returned goods are part of reverse logistics.

One disadvantage to RFID is that they require a 'line of sight' for reading.

The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Which of the following is not a benefit of RFID?

Our organization can obtain visibility to potential trading partners on the internet by using:

Delayed differentiation is a means of increasing product variety without building the customized product from scratch or keeping large inventories of custom products.

The purchasing perspective of the supplier as a partner is characterized by:

Design and purchasing people should work closely because changes in design, specifications, or materials can impact future purchase requirements.

Managing supply chain visibility involves making sure that potential supply chain partners are aware of your organization's needs.

Introduction to Operations Management

Competitiveness, Strategy, and Productivity

Forecasting

Product and Service Design

Strategic Capacity Planning for Products and Services

Process Selection and Facility Layout

Work Design and Measurement

Location Planning and Analysis

Management of Quality

Quality Control

Aggregate Planning and Master Scheduling

MRP and ERP

Inventory Management

Jit and Lean Operations

Scheduling

Project Management

Management of Waiting Lines

Linear Programming

Extension 4: Reliability

Extension 5: Decision Theory

Extension 7: Learning Curves

Extension 8: The Transportation Model

Extension 10: Acceptance Sampling

Extension 14: Maintenance

Filters