Question 1

Which is the most challenging kind of supply chain to manage according to Hau Lee?

Accepted Answer

A) Agile supply chain 
B) Efficient supply chain 
C) Risk-hedging supply chain 
D) Erratic supply chain 
E) Responsive supply chain 
A) Agile supply chain 
B) Efficient supply chain 
C) Risk-hedging supply chain 
D) Erratic supply chain 
E) Responsive supply chain A

Question 2

The optimal strategy for functional products is to utilize an efficient supply-chain.

Accepted Answer

A) True 
 B)False  False

Question 3

A financially-driven reason for outsourcing is that it can generate cash by transferring assets to the provider.

Accepted Answer

A) True 
 B)False  True

Question 4

An employee-driven reason for outsourcing is that it can give employees a stronger career path.

Accepted Answer

A) True 
 B)False

Question 5

The optimal strategy for innovative products is to utilize an efficient supply-chain.

Accepted Answer

A) True 
 B)False

Question 6

The total value of all items held in inventory for the firm at cost is which of the following?

Accepted Answer

A) Cost of goods to be sold 
B) Average aggregate inventory value 
C) Weeks supply of goods 
D) Inventory turnover 
E) None of the above 
A) Cost of goods to be sold 
B) Average aggregate inventory value 
C) Weeks supply of goods 
D) Inventory turnover 
E) None of the above

Question 7

In Hau Lee's uncertainty framework to classify supply chains,a supply chain that combines the strengths of a "risk-hedging" and a "responsive" supply chain is called what?

Accepted Answer

The answer of In Hau Lee's uncertainty framework to classify...

Question 8

If the average aggregate inventory value is $4,000 and the cost of goods sold is $104,000,what is the weeks of supply?

Accepted Answer

The answer of If the average aggregate inventory value is...

Question 9

The best strategy for innovative products is to use either a responsive or an agile supply-chain.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following terms best describes the ability of a company to deliver highly customized products and services to different customers around the world?

Accepted Answer

A) Customization 
B) High customization 
C) Mass customization 
D) Global sourcing 
E) Outsourcing 
A) Customization 
B) High customization 
C) Mass customization 
D) Global sourcing 
E) Outsourcing

Question 11

Logistics is a term that refers to the management functions that support the complete cycle of material flow,from the purchase and internal control of production materials;to the planning and control of work-in-process;to the purchasing,shipping and distribution of the finished product.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is not an improvement-driven reason to outsource?

Accepted Answer

A) Improve risk management 
B) Increase commitment in a noncore area 
C) Acquire innovative ideas 
D) Improve control 
E) Obtain expertise,skills and technologies 
A) Improve risk management 
B) Increase commitment in a noncore area 
C) Acquire innovative ideas 
D) Improve control 
E) Obtain expertise,skills and technologies

Question 13

Supply chain thinking can not be applied to many services as services can not be inventoried.

Accepted Answer

A) True 
 B)False

Question 14

If inventory turnover is 20 and cost of goods sold is $100,000,what is the average aggregate inventory value?

Accepted Answer

The answer of If inventory turnover is 20 and cost...

Question 15

What is "design for logistics"?

Accepted Answer

Design for logistics is discussed on pag

Question 16

Outsourcing allows a firm to achieve an improved focus on its core competencies.

Accepted Answer

A) True 
 B)False

Question 17

The idea of supply-chain management is to apply a total system approach to managing the entire flow of information,materials and services from raw-materials suppliers through factories and warehouses to the end customer.

Accepted Answer

A) True 
 B)False

Question 18

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is inventory turnover?

Accepted Answer

A) 60 
B) 10.4 
C) 2 
D) 0.5 
E) None of the above 
A) 60 
B) 10.4 
C) 2 
D) 0.5 
E) None of the above

Question 19

Value density is an important measure when deciding where items should be stocked geographically and how they should be shipped.

Accepted Answer

A) True 
 B)False

Question 20

Highly specialized,low cost per mile,product requiring no packaging and very high initial investment costs are characteristics of which transportation mode?

Accepted Answer

A) Highway 
B) Rail 
C) Water 
D) Pipeline 
E) Air 
A) Highway 
B) Rail 
C) Water 
D) Pipeline 
E) Air

Exam 10: Supply-Chain Strategy

Which is the most challenging kind of supply chain to manage according to Hau Lee?

The optimal strategy for functional products is to utilize an efficient supply-chain.

A financially-driven reason for outsourcing is that it can generate cash by transferring assets to the provider.

An employee-driven reason for outsourcing is that it can give employees a stronger career path.

The optimal strategy for innovative products is to utilize an efficient supply-chain.

The total value of all items held in inventory for the firm at cost is which of the following?

In Hau Lee's uncertainty framework to classify supply chains,a supply chain that combines the strengths of a "risk-hedging" and a "responsive" supply chain is called what?

If the average aggregate inventory value is $4,000 and the cost of goods sold is $104,000,what is the weeks of supply?

The best strategy for innovative products is to use either a responsive or an agile supply-chain.

Which of the following terms best describes the ability of a company to deliver highly customized products and services to different customers around the world?

Logistics is a term that refers to the management functions that support the complete cycle of material flow,from the purchase and internal control of production materials;to the planning and control of work-in-process;to the purchasing,shipping and distribution of the finished product.

Which of the following is not an improvement-driven reason to outsource?

Supply chain thinking can not be applied to many services as services can not be inventoried.

If inventory turnover is 20 and cost of goods sold is $100,000,what is the average aggregate inventory value?

What is "design for logistics"?

Outsourcing allows a firm to achieve an improved focus on its core competencies.

The idea of supply-chain management is to apply a total system approach to managing the entire flow of information,materials and services from raw-materials suppliers through factories and warehouses to the end customer.

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is inventory turnover?

Value density is an important measure when deciding where items should be stocked geographically and how they should be shipped.

Highly specialized,low cost per mile,product requiring no packaging and very high initial investment costs are characteristics of which transportation mode?

Introduction to the Field

Operations and Supply Strategy

Project Management

Product and Service Design

Strategic Capacity Management

Process Analysis

Manufacturing Processes

Service Processes

Six Sigma Quality

Logistics and Facility Location

Lean Manufacturing

Operations Consulting Reengineering

Enterprise Resource Planning Systems

Demand Management and Forecasting

Aggregate Sales and Operations Planning

Inventory Control

Material Requirements Planning

Scheduling

Constraint Management

Linear Programming Using the Excel Solver

Learning Curves

Job Design Work Measurement

Waiting Line Analysis

Process Capability and Spc

Simulation

Filters