Question 1

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

Accepted Answer

A) True 
 B)False

Question 2

An advantage of decentralized purchasing is the attention given to local needs.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is least likely to be a key consideration when a company chooses a supplier?

Accepted Answer

A) lead time and on-time delivery 
B) reputation and financial stability 
C) value analysis 
D) quality and Quality assurance 
E) flexibility of design change 
A) lead time and on-time delivery 
B) reputation and financial stability 
C) value analysis 
D) quality and Quality assurance 
E) flexibility of design change

Question 4

The service function of purchasing interfaces with many area including legal, accounting, and engineering functions.

Accepted Answer

A) True 
 B)False

Question 5

The interface between the firm and its suppliers is:

Accepted Answer

A) purchasing 
B) production 
C) distribution 
D) engineering 
E) accounting 
A) purchasing 
B) production 
C) distribution 
D) engineering 
E) accounting

Question 6

Which of the following is not a goal of supply chain management?

Accepted Answer

A) fewer suppliers and long-term relationship 
B) small lot sizes 
C) on time deliveries 
D) lowest possible transportation costs 
E) delivery often to the place of use 
A) fewer suppliers and long-term relationship 
B) small lot sizes 
C) on time deliveries 
D) lowest possible transportation costs 
E) delivery often to the place of use

Question 7

Which of the following is not a benefit of centralized purchasing?

Accepted Answer

A) potential for quantity discounts 
B) better service from suppliers 
C) quick response to local needs 
D) potential for use of purchasing specialists 
E) supplier research 
A) potential for quantity discounts 
B) better service from suppliers 
C) quick response to local needs 
D) potential for use of purchasing specialists 
E) supplier research

Question 8

Disintermediation is the refusal of one party to use mediators for price negotiation.

Accepted Answer

A) True 
 B)False

Question 9

Information technology is the key to success of global supply chains.

Accepted Answer

A) True 
 B)False

Question 10

Traffic management refers to truck movement within our parking areas.

Accepted Answer

A) True 
 B)False

Question 11

One important objective of purchasing is to:

Accepted Answer

A) set quality standards for purchased items 
B) be knowledgeable about new products 
C) maintain numerous sources of supply 
D) obtain the lowest prices on all purchased items 
E) determine the processes that should be used 
A) set quality standards for purchased items 
B) be knowledgeable about new products 
C) maintain numerous sources of supply 
D) obtain the lowest prices on all purchased items 
E) determine the processes that should be used

Question 12

Forming strategic partnerships is beneficial for two or more business organizations that have the same products or services.

Accepted Answer

A) True 
 B)False

Question 13

Outsourcing followed by __________ is not simple.

Accepted Answer

A) Integration 
B) Unionization 
C) Backsourcing 
D) Computerization 
E) Just-in-time 
A) Integration 
B) Unionization 
C) Backsourcing 
D) Computerization 
E) Just-in-time

Question 14

In supply chain organizations, functions must operate independently of each other.

Accepted Answer

A) True 
 B)False

Question 15

Every business organization is part of at least one supply chain.

Accepted Answer

A) True 
 B)False

Question 16

Logistics includes all of these except:

Accepted Answer

A) the movement of materials within a production facility 
B) incoming shipments of goods or materials 
C) outgoing shipments of goods or materials 
D) customer selection 
E) returned goods processing 
A) the movement of materials within a production facility 
B) incoming shipments of goods or materials 
C) outgoing shipments of goods or materials 
D) customer selection 
E) returned goods processing

Question 17

Which of the following is not a benefit of effective supply chain management?

Accepted Answer

A) lower inventory costs 
B) higher productivity 
C) shorter lead times 
D) greater customer loyalty 
E) larger number of suppliers 
A) lower inventory costs 
B) higher productivity 
C) shorter lead times 
D) greater customer loyalty 
E) larger number of suppliers

Question 18

A 30% reduction in product and service variety won't really affect the efficiency of a supply chain.

Accepted Answer

A) True 
 B)False

Question 19

One of the major reasons for a company to adopt third-party logistics is to concentrate on one's core business.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is part of the purchasing cycle? (I) Purchasing selects a supplier.
(II) Orders from vendors are received.
(III) Purchasing receives a requisition.

Accepted Answer

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

Exam 15: Supply Chain Management

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

An advantage of decentralized purchasing is the attention given to local needs.

Which of the following is least likely to be a key consideration when a company chooses a supplier?

The service function of purchasing interfaces with many area including legal, accounting, and engineering functions.

The interface between the firm and its suppliers is:

Which of the following is not a goal of supply chain management?

Which of the following is not a benefit of centralized purchasing?

Disintermediation is the refusal of one party to use mediators for price negotiation.

Information technology is the key to success of global supply chains.

Traffic management refers to truck movement within our parking areas.

One important objective of purchasing is to:

Forming strategic partnerships is beneficial for two or more business organizations that have the same products or services.

Outsourcing followed by __________ is not simple.

In supply chain organizations, functions must operate independently of each other.

Every business organization is part of at least one supply chain.

Logistics includes all of these except:

Which of the following is not a benefit of effective supply chain management?

A 30% reduction in product and service variety won't really affect the efficiency of a supply chain.

One of the major reasons for a company to adopt third-party logistics is to concentrate on one's core business.

Which of the following is part of the purchasing cycle? (I) Purchasing selects a supplier. (II) Orders from vendors are received. (III) Purchasing receives a requisition.

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