Question 1

The value of an item per pound of weight is called value density.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is an organizationally-driven reason for outsourcing?

Accepted Answer

A) Enhance effectiveness by focusing on what you do best 
B) Turn fixed costs into variable costs 
C) Generate cash by transferring assets to the provider 
D) Give employees a stronger career path 
E) None of the above 
A) Enhance effectiveness by focusing on what you do best 
B) Turn fixed costs into variable costs 
C) Generate cash by transferring assets to the provider 
D) Give employees a stronger career path 
E) None of the above

Question 3

Two common measures to evaluate supply-chain efficiency are the inventory turnover and weeks-of-supply ratios.

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) 1,040 
B) 606 
C) 104 
D) 60.6 
E) 2.0 
A) 1,040 
B) 606 
C) 104 
D) 60.6 
E) 2.0

Question 5

Two common measures to evaluate supply-chain efficiency are the consumer price index and the beta flow system.

Accepted Answer

A) True 
 B)False

Question 6

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000,which of the following is weeks of supply?

Accepted Answer

A) 45,000 
B) 234 
C) 120 
D) 23.4 
E) 4.5 
A) 45,000 
B) 234 
C) 120 
D) 23.4 
E) 4.5

Question 7

Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is an improvement-driven reason for outsourcing?

Accepted Answer

A) Improve operating performance 
B) Give employees a stronger career path 
C) Generate cash by transferring assets to the provider 
D) Turn fixed costs into variable costs 
E) Commercially exploit existing skills 
A) Improve operating performance 
B) Give employees a stronger career path 
C) Generate cash by transferring assets to the provider 
D) Turn fixed costs into variable costs 
E) Commercially exploit existing skills

Question 9

An improvement-driven reason for outsourcing is that it can increase product and service value,customer satisfaction and shareholder value.

Accepted Answer

A) True 
 B)False

Question 10

If the weeks of supply is 10 and the average aggregate inventory value is $1,000,000,what is the cost of goods sold?

Accepted Answer

The answer of If the weeks of supply is 10...

Question 11

Which of the following is an organizationally-driven reason for outsourcing?

Accepted Answer

A) Improve operating performance 
B) Give employees a stronger career path 
C) Generate cash by transferring assets to the provider 
D) Turn fixed costs into variable costs 
E) Transform the organization 
A) Improve operating performance 
B) Give employees a stronger career path 
C) Generate cash by transferring assets to the provider 
D) Turn fixed costs into variable costs 
E) Transform the organization

Question 12

An important issue in applying supply chain thinking to services is that customers tend also to be suppliers of some of the inputs to the service product.

Accepted Answer

A) True 
 B)False

Question 13

A revenue-driven reason for outsourcing is that it can transform the organization.

Accepted Answer

A) True 
 B)False

Question 14

Service supply chains focus on the interaction between the customer and the provider,while manufacturing supply chains focus on the creation and delivery of a physical good.

Accepted Answer

A) True 
 B)False

Question 15

In Hau Lee's uncertainty framework to classify supply chains,a supply chain that has innovative products and a stable supply process is called which of the following?

Accepted Answer

A) Efficient 
B) Forward looking 
C) Agile 
D) Risk hedging 
E) Responsive 
A) Efficient 
B) Forward looking 
C) Agile 
D) Risk hedging 
E) Responsive

Question 16

The effect of the lack of synchronization among supply-chain members is referred to as which of the following?

Accepted Answer

A) Forward buying 
B) Continuous replenishment 
C) Bullwhip effect 
D) Metcalf's Law 
E) Being out of step 
A) Forward buying 
B) Continuous replenishment 
C) Bullwhip effect 
D) Metcalf's Law 
E) Being out of step

Question 17

In service supply chains flows tend to be linear with services flowing from vendors to customers.

Accepted Answer

A) True 
 B)False

Question 18

A stable supply process is where the manufacturing process and the underlying technology are mature and the supply base is well established.

Accepted Answer

A) True 
 B)False

Question 19

Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is not an improvement-driven reason for outsourcing?

Accepted Answer

A) Improve management and control 
B) Enhance effectiveness by focusing on what you do best 
C) Improve risk management 
D) Obtain expertise,skills and technologies not otherwise available 
E) Acquire innovative ideas 
A) Improve management and control 
B) Enhance effectiveness by focusing on what you do best 
C) Improve risk management 
D) Obtain expertise,skills and technologies not otherwise available 
E) Acquire innovative ideas

Exam 10: Supply-Chain Strategy

The value of an item per pound of weight is called value density.

Which of the following is an organizationally-driven reason for outsourcing?

Two common measures to evaluate supply-chain efficiency are the inventory turnover and weeks-of-supply ratios.

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

Two common measures to evaluate supply-chain efficiency are the consumer price index and the beta flow system.

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000,which of the following is weeks of supply?

Logistics is a term indicating transportation choices for goods produced internationally but consumed domestically.

Which of the following is an improvement-driven reason for outsourcing?

An improvement-driven reason for outsourcing is that it can increase product and service value,customer satisfaction and shareholder value.

If the weeks of supply is 10 and the average aggregate inventory value is $1,000,000,what is the cost of goods sold?

Which of the following is an organizationally-driven reason for outsourcing?

An important issue in applying supply chain thinking to services is that customers tend also to be suppliers of some of the inputs to the service product.

A revenue-driven reason for outsourcing is that it can transform the organization.

Service supply chains focus on the interaction between the customer and the provider,while manufacturing supply chains focus on the creation and delivery of a physical good.

In Hau Lee's uncertainty framework to classify supply chains,a supply chain that has innovative products and a stable supply process is called which of the following?

The effect of the lack of synchronization among supply-chain members is referred to as which of the following?

In service supply chains flows tend to be linear with services flowing from vendors to customers.

A stable supply process is where the manufacturing process and the underlying technology are mature and the supply base is well established.

Firms producing functional products are forced to introduce a steady stream of innovations in order to survive.

Which of the following is not an improvement-driven reason for outsourcing?

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