Question 1

In Hau Lee's uncertainty framework to classify supply chains,a supply chain that has innovative products and an evolving 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 2

The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply-chain from the customer to the producer is called the bullwhip effect.

Accepted Answer

A) True 
 B)False

Question 3

What are the main distinctions between service supply chains and manufacturing supply chains?

Accepted Answer

The role of the cust

Question 4

Name the four types of supply chain in Hau Lee's uncertainty framework for classifying supply chains.

Accepted Answer

1.Efficien

Question 5

The optimal strategy for functional products is to utilize a responsive supply-chain.

Accepted Answer

A) True 
 B)False

Question 6

Functional products include staples that people buy in a wide range of retail outlets,such as grocery stores and gas stations.

Accepted Answer

A) True 
 B)False

Question 7

Studies show that there is no clear correlation between supply chain performance and change in stock market capitalization.

Accepted Answer

A) True 
 B)False

Question 8

Retailers who stock up during promotion periods where the prices of goods are reduced are doing backward buying.

Accepted Answer

A) True 
 B)False

Question 9

Value density is an important measure for determining the quality of logistical services.

Accepted Answer

A) True 
 B)False

Question 10

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000,which of the following is inventory turnover?

Accepted Answer

A) 19.23 
B) 4.5 
C) 0.8654 
D) 0.2222 
E) None of the above 
A) 19.23 
B) 4.5 
C) 0.8654 
D) 0.2222 
E) None of the above

Question 11

Which of the following of Fisher's product categories includes fashionable clothing,personal computers and other products that typically have a very brief life cycle?

Accepted Answer

A) Functional products 
B) Dysfunctional products 
C) Innovative products 
D) Bullwhip products 
E) Low value-density products 
A) Functional products 
B) Dysfunctional products 
C) Innovative products 
D) Bullwhip products 
E) Low value-density products

Question 12

In Hau Lee's uncertainty framework to classify supply chains,a supply chain that has functional 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 13

What is the effect of the lack of synchronization among supply-chain members called?

Accepted Answer

The answer of What is the effect of the lack...

Question 14

Inventory turn values that are considered "good" differ by industry and the type of products being handled.

Accepted Answer

A) True 
 B)False

Question 15

It is not unusual for a service supply chain to be unidirectional which contrasts with the more typical bidirectional manufacturing supply chain.

Accepted Answer

A) True 
 B)False

Question 16

The value chain and the supply chain are different terms for the same thing.

Accepted Answer

A) True 
 B)False

Question 17

When considering outsourcing,what should firms be sure to avoid?

Accepted Answer

A) Losing control of non-core activities which don't distinguish the firm 
B) Allowing outsourcing to develop into a substitute for innovation 
C) Giving the outsourcing partner the opportunity to become a strong competitor 
D) Allowing employees transferred to the outsourcing partner to rejoin the firm 
E) Adverse corporate tax implications of asset transfers to the outsourcing partner 
A) Losing control of non-core activities which don't distinguish the firm 
B) Allowing outsourcing to develop into a substitute for innovation 
C) Giving the outsourcing partner the opportunity to become a strong competitor 
D) Allowing employees transferred to the outsourcing partner to rejoin the firm 
E) Adverse corporate tax implications of asset transfers to the outsourcing partner

Question 18

One of the reasons that decision making related to global sourcing is so very complex is which of the following?

Accepted Answer

A) Multiple languages 
B) Cultural differences 
C) New currencies,like the Euro 
D) Distance between materials,labor and markets 
E) Powerful new markets 
A) Multiple languages 
B) Cultural differences 
C) New currencies,like the Euro 
D) Distance between materials,labor and markets 
E) Powerful new markets

Question 19

A stable supply process is one where product volumes are high,demand is predictable and there is a long product life.

Accepted Answer

A) True 
 B)False

Question 20

Name the transportation modes discussed in the textbook.

Accepted Answer

1.Highway

Exam 10: Supply-Chain Strategy

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

The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply-chain from the customer to the producer is called the bullwhip effect.

What are the main distinctions between service supply chains and manufacturing supply chains?

Name the four types of supply chain in Hau Lee's uncertainty framework for classifying supply chains.

The optimal strategy for functional products is to utilize a responsive supply-chain.

Functional products include staples that people buy in a wide range of retail outlets,such as grocery stores and gas stations.

Studies show that there is no clear correlation between supply chain performance and change in stock market capitalization.

Retailers who stock up during promotion periods where the prices of goods are reduced are doing backward buying.

Value density is an important measure for determining the quality of logistical services.

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000,which of the following is inventory turnover?

Which of the following of Fisher's product categories includes fashionable clothing,personal computers and other products that typically have a very brief life cycle?

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

What is the effect of the lack of synchronization among supply-chain members called?

Inventory turn values that are considered "good" differ by industry and the type of products being handled.

It is not unusual for a service supply chain to be unidirectional which contrasts with the more typical bidirectional manufacturing supply chain.

The value chain and the supply chain are different terms for the same thing.

When considering outsourcing,what should firms be sure to avoid?

One of the reasons that decision making related to global sourcing is so very complex is which of the following?

A stable supply process is one where product volumes are high,demand is predictable and there is a long product life.

Name the transportation modes discussed in the textbook.

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