Question 1

An important opportunity in green sourcing is waste reduction opportunities.

Accepted Answer

A) True 
 B)False  True

Question 2

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

Accepted Answer

$5,000
Explanation: Manipulating equation 13.1: Cost of goods sold/Inventory turnover = Aggregate Average Inventory = $100,000/20 = $5,000

Question 3

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

2 weeks
Explanation: See equation 13.2.Weeks of supply = (Ave aggregate inventory value x 52)/cost of goods sold = ($4,000 x 52)/$104,000 = 2 weeks of supply.

Question 4

Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material.Which of the following is not an ownership cost listed in the text?

Accepted Answer

A)  Financing costs 
B)  Energy costs 
C)  Taxes 
D)  Maintenance and repair costs 
E)  Supply network costs 
A)  Financing costs 
B)  Energy costs 
C)  Taxes 
D)  Maintenance and repair costs 
E)  Supply network costs

Question 5

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

Accepted Answer

A)  Improve effectiveness by focusing on what the firm does best 
B)  Improve flexibility to meet changing demand for products and services 
C)  Increase product and service value by improving response to customer needs 
D)  Improve credibility and image by associating with superior providers 
E)  All of the above are organizationally-driven reasons for outsourcing 
A)  Improve effectiveness by focusing on what the firm does best 
B)  Improve flexibility to meet changing demand for products and services 
C)  Increase product and service value by improving response to customer needs 
D)  Improve credibility and image by associating with superior providers 
E)  All of the above are organizationally-driven reasons for outsourcing

Question 6

An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.

Accepted Answer

A) True 
 B)False

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 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

Question 9

When a customer allows their supplier to manage an item or group of items for them it is called ________________________

Accepted Answer

Vendor managed inventory
Expla

Question 10

A firm that controls most of the activities in its supply chain is said to be vertically integrated.

Accepted Answer

A) True 
 B)False

Question 11

The total value of all items held in inventory for the firm valued 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 12

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

Accepted Answer

A)  Shorten cycle time 
B)  Improve effectiveness by focusing on what the firm does best 
C)  Increase product and service value by improving response to customer needs 
D)  Turn fixed costs into variable costs 
E)  Reduce costs through a lower cost structure 
A)  Shorten cycle time 
B)  Improve effectiveness by focusing on what the firm does best 
C)  Increase product and service value by improving response to customer needs 
D)  Turn fixed costs into variable costs 
E)  Reduce costs through a lower cost structure

Question 13

In Hau Lee's uncertainty framework to classify supply chains,a supply chain for functional products with 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 14

In Hau Lee's uncertainty framework to classify supply chains,which supply chain process should be used for innovative products with low supply uncertainty.______________________________________

Accepted Answer

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

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

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)  Value density products 
A)  Functional products 
B)  Dysfunctional products 
C)  Innovative products 
D)  Bullwhip products 
E)  Value density products

Question 17

The six-step process for green sourcing includes which of the following?

Accepted Answer

A)  Provide a press release to local (and perhaps national)media. 
B)  Include members of environmental groups in the decision 
C)  Notify the state and federal environmental agencies of your plans 
D)  Perform an environmental impact study 
E)  Develop the sourcing strategy 
A)  Provide a press release to local (and perhaps national)media. 
B)  Include members of environmental groups in the decision 
C)  Notify the state and federal environmental agencies of your plans 
D)  Perform an environmental impact study 
E)  Develop the sourcing strategy

Question 18

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 19

In Hau Lee's uncertainty framework to classify supply chains,a supply chain for innovative products with 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 20

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

Accepted Answer

A) True 
 B)False

An important opportunity in green sourcing is waste reduction opportunities.

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

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

Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material.Which of the following is not an ownership cost listed in the text?

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

An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.

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

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

When a customer allows their supplier to manage an item or group of items for them it is called ________________________

A firm that controls most of the activities in its supply chain is said to be vertically integrated.

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

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

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

In Hau Lee's uncertainty framework to classify supply chains,which supply chain process should be used for innovative products with low supply uncertainty.______________________________________

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

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?

The six-step process for green sourcing includes which of the following?

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

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

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

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Location, Logistics, and Distribution

Filters

Exam 13: Global Sourcing and Procurement

An important opportunity in green sourcing is waste reduction opportunities.

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

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

Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material.Which of the following is not an ownership cost listed in the text?

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

An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.

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

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

When a customer allows their supplier to manage an item or group of items for them it is called ________________________

A firm that controls most of the activities in its supply chain is said to be vertically integrated.

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

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

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

In Hau Lee's uncertainty framework to classify supply chains,which supply chain process should be used for innovative products with low supply uncertainty.______________________________________

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

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?

The six-step process for green sourcing includes which of the following?

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

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

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

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

Projects

Manufacturing and Service Processes

Service Processes

Sales and Operations Planning

Material Requirements Planning

Quality Management and Six Sigma

Inventory Management

Lean Supply Chains

Location, Logistics, and Distribution

Filters