Question 1

________ identifies the difference between the planned production/inventories and the actual values.

Accepted Answer

A) Supplier reliability 
B) Forecast error 
C) Variance from plan 
D) Supply quality 
A) Supplier reliability 
B) Forecast error 
C) Variance from plan 
D) Supply quality

Question 2

Dogz reports total revenue of $47,561,cost of goods sold of $32,856 and net receivables of $19,595.Their property,plant and equipment is $19,813 and they have $16,240 of inventory.What is their accounts receivable turnover?

Accepted Answer

A) 2.42 
B) 1.67 
C) 2.02 
D) 2.23 
A) 2.42 
B) 1.67 
C) 2.02 
D) 2.23

Question 3

The two major types of facilities are production sites and storage sites.

Accepted Answer

A) True 
 B)False

Question 4

Although faster transportation is more expensive,a firm receives which benefit as a result of the faster transportation?

Accepted Answer

A) Fewer rejects 
B) Higher profit 
C) Lower inventories 
D) More warehouses 
A) Fewer rejects 
B) Higher profit 
C) Lower inventories 
D) More warehouses

Question 5

Why would anyone in their right mind buy a brand new car in the spring when they know that new car models will appear in late summer and early fall and the dealers will use

Accepted Answer

A) markdowns to move that old inventory? 
B) information systems to move that old inventory? 
C) pull systems to move that old inventory? 
D) lost sales to move that old inventory? 
A) markdowns to move that old inventory? 
B) information systems to move that old inventory? 
C) pull systems to move that old inventory? 
D) lost sales to move that old inventory?

Question 6

The components of inventory decisions include capacity,cycle inventory,safety inventory,seasonal inventory,and sourcing.

Accepted Answer

A) True 
 B)False

Question 7

The ________ strategy results in a peak during the discount week,often followed by a steep drop in demand during the following weeks.

Accepted Answer

A) Everyday low pricing 
B) High-low pricing 
C) Fixed price 
D) Menu pricing 
A) Everyday low pricing 
B) High-low pricing 
C) Fixed price 
D) Menu pricing

Question 8

Which of the following are key components of transportation decisions when designing and operating a supply chain?

Accepted Answer

A) Software selection 
B) Mode of transportation 
C) Source selection 
D) Warehouse selection 
A) Software selection 
B) Mode of transportation 
C) Source selection 
D) Warehouse selection

Question 9

Which of the following is a characteristic of a facility with excess capacity?

Accepted Answer

A) Will likely be more efficient per unit of product it produces than one with a lot of unused capacity 
B) Would be very inflexible and respond to wide swings in the demands placed on it 
C) Would be considered a high utilization facility 
D) Will have difficulty responding to demand fluctuations 
A) Will likely be more efficient per unit of product it produces than one with a lot of unused capacity 
B) Would be very inflexible and respond to wide swings in the demands placed on it 
C) Would be considered a high utilization facility 
D) Will have difficulty responding to demand fluctuations

Question 10

Katz reports total revenue of $245,600,cost of goods sold of $18,950 and net income of $121,000.Their total assets are $585,000 and total liabilities are $250,000.What is their return on equity (ROE)?

Accepted Answer

A) 36.12% 
B) 48.40% 
C) 20.68% 
D) 41.98% 
A) 36.12% 
B) 48.40% 
C) 20.68% 
D) 41.98%

Question 11

Cycle inventory is inventory that is built up to counter predictable variability in demand.

Accepted Answer

A) True 
 B)False

Question 12

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

Accepted Answer

A) cycle inventory. 
B) safety inventory. 
C) seasonal inventory. 
D) sourcing. 
A) cycle inventory. 
B) safety inventory. 
C) seasonal inventory. 
D) sourcing.

Question 13

Which of the following would be a characteristic of a facility with little excess capacity?

Accepted Answer

A) Allows a facility to be very flexible and to respond to wide swings in the demands placed on it 
B) Costs money and therefore can decrease efficiency 
C) Requires proximity to customers and the rest of the network 
D) Will likely be more efficient per unit of product it produces 
A) Allows a facility to be very flexible and to respond to wide swings in the demands placed on it 
B) Costs money and therefore can decrease efficiency 
C) Requires proximity to customers and the rest of the network 
D) Will likely be more efficient per unit of product it produces

Question 14

Over the past two months,Lisa has had to supplement her goats' diet with some 14% protein feed.Her order date,the number of sacks of feed and the total cost are exhibited in the table. $$\begin{array} { | c | c | c | } 
\hline \text { Order Date } & \begin{array} { c } 
\text { Number of } \
\text { Bags }
\end{array} & \text { Total Cost } \
\hline \text { June 1 } & 3 & 45.33 \
\hline \text { June 8 } & 2 & 28.44 \
\hline \text { June 15 } & 3 & 44.25 \
\hline \text { June 22 } & 4 & 60.92 \
\hline \text { June 29 } & 4 & 61.80 \
\hline \text { July 6 } & 3 & 47.34 \
\hline
\end{array}$$ What is Lisa's average purchase price for 14% protein feed?

Accepted Answer

A) $15.09 
B) $48.01 
C) $15.16 
D) $50.44 
A) $15.09 
B) $48.01 
C) $15.16 
D) $50.44

Question 15

The process by which a firm decides how much to charge customers for its goods and services is

Accepted Answer

A) supply chain coordination. 
B) forecasting. 
C) sales and operations planning. 
D) pricing. 
A) supply chain coordination. 
B) forecasting. 
C) sales and operations planning. 
D) pricing.

Question 16

The set of business processes required to purchase goods and services is known as

Accepted Answer

A) cycle inventory. 
B) safety inventory. 
C) seasonal inventory. 
D) sourcing. 
A) cycle inventory. 
B) safety inventory. 
C) seasonal inventory. 
D) sourcing.

Question 17

Companies using seasonal inventory will maintain a level inventory increase rate of production for periods of high demand.

Accepted Answer

A) True 
 B)False

Question 18

________ measures the incremental costs that are independent of the size of the order.

Accepted Answer

A) Average sale price 
B) Incremental variable cost per unit 
C) Incremental fixed cost per order 
D) Incremental indirect cost per order 
A) Average sale price 
B) Incremental variable cost per unit 
C) Incremental fixed cost per order 
D) Incremental indirect cost per order

Question 19

Inventory is an important supply chain driver because changing inventory policies can dramatically alter the supply chain's efficiency and responsiveness.

Accepted Answer

A) True 
 B)False

Question 20

________ measures the average time between when an order is placed and the product arrives.

Accepted Answer

A) Supplier reliability 
B) Supply lead time 
C) Fraction of on-time deliveries 
D) Supply quality 
A) Supplier reliability 
B) Supply lead time 
C) Fraction of on-time deliveries 
D) Supply quality

________ identifies the difference between the planned production/inventories and the actual values.

Dogz reports total revenue of $47,561,cost of goods sold of $32,856 and net receivables of $19,595.Their property,plant and equipment is $19,813 and they have $16,240 of inventory.What is their accounts receivable turnover?

The two major types of facilities are production sites and storage sites.

Although faster transportation is more expensive,a firm receives which benefit as a result of the faster transportation?

Why would anyone in their right mind buy a brand new car in the spring when they know that new car models will appear in late summer and early fall and the dealers will use

The components of inventory decisions include capacity,cycle inventory,safety inventory,seasonal inventory,and sourcing.

The ________ strategy results in a peak during the discount week,often followed by a steep drop in demand during the following weeks.

Which of the following are key components of transportation decisions when designing and operating a supply chain?

Which of the following is a characteristic of a facility with excess capacity?

Katz reports total revenue of $245,600,cost of goods sold of $18,950 and net income of $121,000.Their total assets are $585,000 and total liabilities are $250,000.What is their return on equity (ROE)?

Cycle inventory is inventory that is built up to counter predictable variability in demand.

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

Which of the following would be a characteristic of a facility with little excess capacity?

The process by which a firm decides how much to charge customers for its goods and services is

The set of business processes required to purchase goods and services is known as

Companies using seasonal inventory will maintain a level inventory increase rate of production for periods of high demand.

________ measures the incremental costs that are independent of the size of the order.

Inventory is an important supply chain driver because changing inventory policies can dramatically alter the supply chain's efficiency and responsiveness.

________ measures the average time between when an order is placed and the product arrives.

Understanding the Supply Chain

Achieving Strategic Fit in a Supply Chain

Designing Distribution Networks and Applications to E-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand

Coordination in a Supply Chain

Managing Economies of Scale in a Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Linking Product Availability to Profits

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Sustainability and the Supply Chain

Filters

Exam 3: Supply Chain Drivers and Metrics

________ identifies the difference between the planned production/inventories and the actual values.

Dogz reports total revenue of $47,561,cost of goods sold of $32,856 and net receivables of $19,595.Their property,plant and equipment is $19,813 and they have $16,240 of inventory.What is their accounts receivable turnover?

The two major types of facilities are production sites and storage sites.

Although faster transportation is more expensive,a firm receives which benefit as a result of the faster transportation?

Why would anyone in their right mind buy a brand new car in the spring when they know that new car models will appear in late summer and early fall and the dealers will use

The components of inventory decisions include capacity,cycle inventory,safety inventory,seasonal inventory,and sourcing.

The ________ strategy results in a peak during the discount week,often followed by a steep drop in demand during the following weeks.

Which of the following are key components of transportation decisions when designing and operating a supply chain?

Which of the following is a characteristic of a facility with excess capacity?

Katz reports total revenue of $245,600,cost of goods sold of $18,950 and net income of $121,000.Their total assets are $585,000 and total liabilities are $250,000.What is their return on equity (ROE)?

Cycle inventory is inventory that is built up to counter predictable variability in demand.

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

Which of the following would be a characteristic of a facility with little excess capacity?

The process by which a firm decides how much to charge customers for its goods and services is

The set of business processes required to purchase goods and services is known as

Companies using seasonal inventory will maintain a level inventory increase rate of production for periods of high demand.

________ measures the incremental costs that are independent of the size of the order.

Inventory is an important supply chain driver because changing inventory policies can dramatically alter the supply chain's efficiency and responsiveness.

________ measures the average time between when an order is placed and the product arrives.

Understanding the Supply Chain

Achieving Strategic Fit in a Supply Chain

Designing Distribution Networks and Applications to E-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand

Coordination in a Supply Chain

Managing Economies of Scale in a Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Linking Product Availability to Profits

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Sustainability and the Supply Chain

Filters