Question 1

Savings in the supply chain exert more leverage as the firm's net profit margin decreases.

Accepted Answer

A) True 
 B)False

Question 2

________ is a Japanese term that describes suppliers who become part of a company coalition.

Accepted Answer

The answer of ________ is a Japanese term that describes...

Question 3

A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer.The carpet manufacturer is practicing which of the following?

Accepted Answer

A) postponement 
B) cross-docking 
C) channel assembly 
D) drop shipping 
E) float reduction 
A) postponement 
B) cross-docking 
C) channel assembly 
D) drop shipping 
E) float reduction

Question 4

Designing distribution networks to meet customer expectations suggests what three criteria?

Accepted Answer

A) rapid response,service,and cost 
B) rapid response,product choice,and service 
C) product choice,cost,and service 
D) cost,process choice,and service 
E) rapid response,cost,and process choice 
A) rapid response,service,and cost 
B) rapid response,product choice,and service 
C) product choice,cost,and service 
D) cost,process choice,and service 
E) rapid response,cost,and process choice

Question 5

E-procurement:

Accepted Answer

A) works best in long-term contract situations but is not suited for auctions. 
B) is the same thing as Internet purchasing. 
C) has many benefits but requires a lot of paperwork. 
D) is illegal in all states except Nevada and New Jersey. 
E) All of the above are true of e-procurement. 
A) works best in long-term contract situations but is not suited for auctions. 
B) is the same thing as Internet purchasing. 
C) has many benefits but requires a lot of paperwork. 
D) is illegal in all states except Nevada and New Jersey. 
E) All of the above are true of e-procurement.

Question 6

Which sourcing strategy is particularly common when the products being sourced are commodities?

Accepted Answer

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

Question 7

The bullwhip effect:

Accepted Answer

A) occurs as orders are relayed from retailers to distributors to wholesalers to manufacturers. 
B) results in increasing fluctuations at each step of the sequence. 
C) increases the costs associated with inventory in the supply chain. 
D) occurs because of distortions in information in the supply chain. 
E) All of the above are true. 
A) occurs as orders are relayed from retailers to distributors to wholesalers to manufacturers. 
B) results in increasing fluctuations at each step of the sequence. 
C) increases the costs associated with inventory in the supply chain. 
D) occurs because of distortions in information in the supply chain. 
E) All of the above are true.

Question 8

Which of the following best describes Vizio's sourcing strategy?

Accepted Answer

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

Question 9

Define EDI.

Accepted Answer

Electronic data interchange is

Question 10

Of all areas of the organization,why is the supply chain especially vulnerable to ethical lapses?

Accepted Answer

The supply chain offers more opportuniti

Question 11

Which of the following is NOT a condition that favors the success of vertical integration?

Accepted Answer

A) availability of capital 
B) availability of managerial talent 
C) sufficiently high demand 
D) small market share 
E) All of the above favor the success of vertical integration. 
A) availability of capital 
B) availability of managerial talent 
C) sufficiently high demand 
D) small market share 
E) All of the above favor the success of vertical integration.

Question 12

________ is the process of sending returned products back up the supply chain for value recovery or disposal.

Accepted Answer

The answer of ________ is the process of sending returned...

Question 13

Which of the following would NOT be subject to negotiation between a buyer and supplier?

Accepted Answer

A) price 
B) credit and delivery terms 
C) quality standards 
D) cooperative advertising agreements 
E) All of the above could be negotiated. 
A) price 
B) credit and delivery terms 
C) quality standards 
D) cooperative advertising agreements 
E) All of the above could be negotiated.

Question 14

What term is used to describe the outsourcing of logistics?

Accepted Answer

A) e-logistics 
B) shipper-managed inventory (SMI) 
C) hollow logistics 
D) sub-logistics 
E) third-party logistics (3PL) 
A) e-logistics 
B) shipper-managed inventory (SMI) 
C) hollow logistics 
D) sub-logistics 
E) third-party logistics (3PL)

Question 15

Identify the advantages and disadvantages of using the "few suppliers" sourcing strategy.

Accepted Answer

Advantages: long-term suppliers are more

Question 16

Consider a firm with an annual net income of $20 million,revenue of $60 million and cost of goods sold of $25 million.If the balance sheet amounts show $2 million of inventory and $500,000 of property,plant & equipment,what is the inventory turnover?

Accepted Answer

A) 12.50 
B) 10.00 
C) 42.00 
D) 4.16 
E) 20.00 
A) 12.50 
B) 10.00 
C) 42.00 
D) 4.16 
E) 20.00

Question 17

The ________ is an organization that has developed principles and standards for ethical supply management conduct.

Accepted Answer

Institute

Question 18

What term describes a supply chain that is designed to optimize both forward and reverse flows?

Accepted Answer

A) closed-loop supply chain 
B) full-journey supply chain 
C) circular supply chain 
D) network supply chain 
E) recycled supply chain 
A) closed-loop supply chain 
B) full-journey supply chain 
C) circular supply chain 
D) network supply chain 
E) recycled supply chain

Question 19

Why is channel assembly popular in the personal computer industry?

Accepted Answer

Channel assembly is popular in the perso

Question 20

Identify some technological advances that can serve to improve logistics management and also improve shipping security.

Accepted Answer

They include devices that can detect a b

Exam 12: Supply Chain Management

Savings in the supply chain exert more leverage as the firm's net profit margin decreases.

________ is a Japanese term that describes suppliers who become part of a company coalition.

A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer.The carpet manufacturer is practicing which of the following?

Designing distribution networks to meet customer expectations suggests what three criteria?

E-procurement:

Which sourcing strategy is particularly common when the products being sourced are commodities?

The bullwhip effect:

Which of the following best describes Vizio's sourcing strategy?

Define EDI.

Of all areas of the organization,why is the supply chain especially vulnerable to ethical lapses?

Which of the following is NOT a condition that favors the success of vertical integration?

________ is the process of sending returned products back up the supply chain for value recovery or disposal.

Which of the following would NOT be subject to negotiation between a buyer and supplier?

What term is used to describe the outsourcing of logistics?

Identify the advantages and disadvantages of using the "few suppliers" sourcing strategy.

Consider a firm with an annual net income of $20 million,revenue of $60 million and cost of goods sold of $25 million.If the balance sheet amounts show $2 million of inventory and $500,000 of property,plant & equipment,what is the inventory turnover?

The ________ is an organization that has developed principles and standards for ethical supply management conduct.

What term describes a supply chain that is designed to optimize both forward and reverse flows?

Why is channel assembly popular in the personal computer industry?

Identify some technological advances that can serve to improve logistics management and also improve shipping security.

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