Question 1

________ is the term describing purchasing facilitated through the Internet.

Accepted Answer

The answer of ________ is the term describing purchasing facilitated...

Question 2

What are several advantages of shipping by truck?

Accepted Answer

The advantages of shipping by

Question 3

The ________ decision involves choosing between producing a component or a service internally and purchasing it externally.

Accepted Answer

The answer of The ________ decision involves choosing between producing...

Question 4

Benchmark firms have driven down costs of supply-chain performance.

Accepted Answer

A) True 
 B)False

Question 5

As the number of facilities increases,total logistics costs tend to follow a curve that first declines,then rises.Why?

Accepted Answer

A) Transportation and inventory costs first decline steeply,then rise,while facility costs always rise. 
B) Transportation costs always decline,but eventually the rise in facility and inventory costs outweigh the declining transportation costs. 
C) Facility costs first decline steeply,then rise,while transportation and inventory costs always rise. 
D) Transportation costs first decline steeply,then rise,while facility and inventory costs always rise. 
E) Inventory costs first decline steeply,then rise,while transportation and facility costs always rise. 
A) Transportation and inventory costs first decline steeply,then rise,while facility costs always rise. 
B) Transportation costs always decline,but eventually the rise in facility and inventory costs outweigh the declining transportation costs. 
C) Facility costs first decline steeply,then rise,while transportation and inventory costs always rise. 
D) Transportation costs first decline steeply,then rise,while facility and inventory costs always rise. 
E) Inventory costs first decline steeply,then rise,while transportation and facility costs always rise.

Question 6

Vertical integration appears particularly advantageous when the organization has:

Accepted Answer

A) a very specialized product. 
B) a large market share. 
C) a very common,undifferentiated product. 
D) little experience operating an acquired vendor. 
E) purchases that are a relatively small percent of sales. 
A) a very specialized product. 
B) a large market share. 
C) a very common,undifferentiated product. 
D) little experience operating an acquired vendor. 
E) purchases that are a relatively small percent of sales.

Question 7

Identify three specific measures that indicate how well assets are utilized.What are the formulas for each measure?

Accepted Answer

Percent invested in inventory = (Total i

Question 8

Explain why once revenue and total logistics costs are considered together,the optimal number of facilities in a distribution network may well increase compared to the optimal number of facilities based on total logistics costs only.Include details about the behavior of relevant cost and revenue elements.

Accepted Answer

Total logistics costs are comprised of i

Question 9

With cross-sourcing,how many suppliers provide each component on a regular basis (i.e.,excluding backup suppliers)?

Accepted Answer

A) 1 
B) 2 
C) 3 
D) equal to the total number of components 
E) equal to the number of countries to which the final product is sold 
A) 1 
B) 2 
C) 3 
D) equal to the total number of components 
E) equal to the number of countries to which the final product is sold

Question 10

When Daimler and BMW pooled resources to develop standardized auto components,the sourcing strategy could best be described by which of the following?

Accepted Answer

A) keiretsu 
B) virtual companies 
C) joint venture 
D) vertical integration 
E) few suppliers 
A) keiretsu 
B) virtual companies 
C) joint venture 
D) vertical integration 
E) few suppliers

Question 11

Hewlett-Packard withholds customization of its laser printers as long as possible.This is an example of which of the following?

Accepted Answer

A) vendor-managed inventory 
B) standardization 
C) backward integration 
D) postponement 
E) timely customization 
A) vendor-managed inventory 
B) standardization 
C) backward integration 
D) postponement 
E) timely customization

Question 12

A company is deciding where to assign its summer intern.The manager estimates that the intern can save $10,000 in the supply chain or increase sales (revenue)by $25,000.If sales (revenue)is divided into the three categories shown in the table,where should the manager assign the intern to maximize profits?

Accepted Answer

The intern would save $10,000 in the sup

Question 13

As the corporate and operations management strategies vary from low cost to response to differentiation,how does this impact the criteria used for selecting suppliers?

Accepted Answer

The supply chain must support the operat

Question 14

Operations managers are finding online auctions a fertile area for disposing of discontinued inventory.

Accepted Answer

A) True 
 B)False

Question 15

How does the pursuit of a response strategy impact the supply chain decisions of: (1)primary supplier selection criteria,(2)supply chain inventory,(3)distribution network,and (4)product design characteristics?

Accepted Answer

(1)Suppliers should be selected primaril

Question 16

Which of the following is an advantage of the postponement technique?

Accepted Answer

A) reduction in automation 
B) early customization of the product 
C) better quality of the product 
D) reduction in training costs 
E) reduction in inventory investment 
A) reduction in automation 
B) early customization of the product 
C) better quality of the product 
D) reduction in training costs 
E) reduction in inventory investment

Question 17

What type of negotiating strategy requires the supplier to open its books to the purchasers?

Accepted Answer

A) cost-based price model 
B) market-based price model 
C) competitive bidding 
D) price-based model 
E) transparent negotiations 
A) cost-based price model 
B) market-based price model 
C) competitive bidding 
D) price-based model 
E) transparent negotiations

Question 18

Which of the following statements is true regarding the leverage of supply chain savings?

Accepted Answer

A) Supply chain leverage is about the same for all industries. 
B) Supply chain savings exert more leverage as the firm's purchases are a smaller percent of sales. 
C) Supply chain savings exert more leverage as the firm's net profit margin decreases. 
D) Supply chain leverage depends only upon the percent of sales spent in the supply chain. 
E) None of the above is true. 
A) Supply chain leverage is about the same for all industries. 
B) Supply chain savings exert more leverage as the firm's purchases are a smaller percent of sales. 
C) Supply chain savings exert more leverage as the firm's net profit margin decreases. 
D) Supply chain leverage depends only upon the percent of sales spent in the supply chain. 
E) None of the above is true.

Question 19

Virtual companies are also known as ________ .

Accepted Answer

hollow cor

Question 20

What are the three classic negotiation strategies? Briefly describe each of them.

Accepted Answer

The three classic strategies for negotia

Exam 12: Supply Chain Management

________ is the term describing purchasing facilitated through the Internet.

What are several advantages of shipping by truck?

The ________ decision involves choosing between producing a component or a service internally and purchasing it externally.

Benchmark firms have driven down costs of supply-chain performance.

As the number of facilities increases,total logistics costs tend to follow a curve that first declines,then rises.Why?

Vertical integration appears particularly advantageous when the organization has:

Identify three specific measures that indicate how well assets are utilized.What are the formulas for each measure?

With cross-sourcing,how many suppliers provide each component on a regular basis (i.e.,excluding backup suppliers)?

When Daimler and BMW pooled resources to develop standardized auto components,the sourcing strategy could best be described by which of the following?

Hewlett-Packard withholds customization of its laser printers as long as possible.This is an example of which of the following?

As the corporate and operations management strategies vary from low cost to response to differentiation,how does this impact the criteria used for selecting suppliers?

Operations managers are finding online auctions a fertile area for disposing of discontinued inventory.

How does the pursuit of a response strategy impact the supply chain decisions of: (1)primary supplier selection criteria,(2)supply chain inventory,(3)distribution network,and (4)product design characteristics?

Which of the following is an advantage of the postponement technique?

What type of negotiating strategy requires the supplier to open its books to the purchasers?

Which of the following statements is true regarding the leverage of supply chain savings?

Virtual companies are also known as ________ .

What are the three classic negotiation strategies? Briefly describe each of them.

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Design of Goods and Services

Managing Quality

Process Strategy

Capacity and Constraint Management

Location Strategies

Layout Strategies

Human Resources, job Design, and Work Measurement

Inventory Management

Aggregate Planning and Sop

Material Requirements Planning Mrpand Erp

Short-Term Scheduling

Jit, tps, and Lean Operations

Maintenance and Reliability

Sustainability in the Supply Chain

Statistical Process Control

Supply Chain Management Analytics

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

Simulation

Filters