Question 1

Who are the upstream and downstream supply chain members?

Accepted Answer

The supply chain begins with suppliers.T

Question 2

Collaborative planning,forecasting,and replenishment (CPFR)is a useful tool supporting supply chain integration.

Accepted Answer

A) True 
 B)False

Question 3

Suppliers are upstream members of a supply chain.

Accepted Answer

A) True 
 B)False

Question 4

A supply chain consists of an integrated group of processes to source,make,and store products.

Accepted Answer

A) True 
 B)False

Question 5

Information sharing among supply chain members will typically result in all of the following except

Accepted Answer

A) faster response times. 
B) early problem detection. 
C) an increased bullwhip effect. 
D) greater trust and confidence among supply chain members. 
A) faster response times. 
B) early problem detection. 
C) an increased bullwhip effect. 
D) greater trust and confidence among supply chain members.

Question 6

An ongoing risk management process builds resiliency into the supply chain.

Accepted Answer

A) True 
 B)False

Question 7

Use of radio frequency identification (RFID)technology makes it possible for a customer to determine production schedules.

Accepted Answer

A) True 
 B)False

Question 8

The impetus for sustainability comes from downstream members of the supply chain and moves upstream to include suppliers.

Accepted Answer

A) True 
 B)False

Question 9

A company that produces specialized video equipment had cost of goods sold last year of $127,000,000.The average value of inventory for raw materials,work-in-process,and finished goods are shown in the table below:   If the company operates 50 weeks per year,then the number of inventory turns would be

Accepted Answer

A) 1.4 turns. 
B) 4.4 turns. 
C) 9.0 turns. 
D) 10.2 turns. 
A) 1.4 turns. 
B) 4.4 turns. 
C) 9.0 turns. 
D) 10.2 turns.

Question 10

Globalization and advances in information technology are primary reasons why supply chain management has become a competitive priority for companies.

Accepted Answer

A) True 
 B)False

Question 11

The bullwhip effect can

Accepted Answer

A) increase inventories. 
B) increase demand. 
C) increase customer service levels. 
D) increase capacity. 
A) increase inventories. 
B) increase demand. 
C) increase customer service levels. 
D) increase capacity.

Question 12

A company that produces printer cartridges had cost of goods sold last year of $629,462,423.The average value of inventory for raw materials,work-in-process,and finished goods are shown in the table below:   If the company operates 50 weeks per year,then the weeks of supply in inventory would be

Accepted Answer

A) 3.7 weeks. 
B) 2.5 weeks. 
C) 13.5 weeks. 
D) 28.3 weeks. 
A) 3.7 weeks. 
B) 2.5 weeks. 
C) 13.5 weeks. 
D) 28.3 weeks.

Question 13

Sustainability is defined by the United Nations as sacrificing the present needs to ensure the needs of future generations are more than satisfied.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following refers to an approach to risk management that aggregates risk?

Accepted Answer

A) Risk pooling 
B) Risk optimizing 
C) Risk capturing 
D) None of these answer choices is correct. 
A) Risk pooling 
B) Risk optimizing 
C) Risk capturing 
D) None of these answer choices is correct.

Question 15

Increasing supply chain transparency only magnifies the bullwhip effect.

Accepted Answer

A) True 
 B)False

Question 16

Information is the essential link for coordination among all supply chain members.

Accepted Answer

A) True 
 B)False

Question 17

The purchasing of goods and services from suppliers is called

Accepted Answer

A) sourcing. 
B) offshoring. 
C) procurement. 
D) None of these choices is correct. 
A) sourcing. 
B) offshoring. 
C) procurement. 
D) None of these choices is correct.

Question 18

Supply chain management focuses on integrating and managing the flow of

Accepted Answer

A) services. 
B) information. 
C) goods. 
D) All of these answer choices are correct. 
A) services. 
B) information. 
C) goods. 
D) All of these answer choices are correct.

Question 19

Fill rate is one of the three key performance indicators in measuring supply chain performance.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is not a key performance indicator used in supply chain management?

Accepted Answer

A) Fill rate 
B) Days of supply 
C) Cost of goods 
D) Inventory turns 
A) Fill rate 
B) Days of supply 
C) Cost of goods 
D) Inventory turns

Exam 14: Supply Chain Management Strategy and Design

Who are the upstream and downstream supply chain members?

Collaborative planning,forecasting,and replenishment (CPFR)is a useful tool supporting supply chain integration.

Suppliers are upstream members of a supply chain.

A supply chain consists of an integrated group of processes to source,make,and store products.

Information sharing among supply chain members will typically result in all of the following except

An ongoing risk management process builds resiliency into the supply chain.

Use of radio frequency identification (RFID)technology makes it possible for a customer to determine production schedules.

The impetus for sustainability comes from downstream members of the supply chain and moves upstream to include suppliers.

Globalization and advances in information technology are primary reasons why supply chain management has become a competitive priority for companies.

The bullwhip effect can

A company that produces printer cartridges had cost of goods sold last year of $629,462,423.The average value of inventory for raw materials,work-in-process,and finished goods are shown in the table below: If the company operates 50 weeks per year,then the weeks of supply in inventory would be

Sustainability is defined by the United Nations as sacrificing the present needs to ensure the needs of future generations are more than satisfied.

Which of the following refers to an approach to risk management that aggregates risk?

Increasing supply chain transparency only magnifies the bullwhip effect.

Information is the essential link for coordination among all supply chain members.

The purchasing of goods and services from suppliers is called

Supply chain management focuses on integrating and managing the flow of

Fill rate is one of the three key performance indicators in measuring supply chain performance.

Which of the following is not a key performance indicator used in supply chain management?

Introduction to Operations and Supply Chain Management

Supplement Operational Decision-Making Tools: Decision Analysis

Quality Management

Statistical Process Control

Supplement Operational Decision-Making Tools: Acceptance Sampling

Product Design

Service Design

Processes and Technology

Capacity and Facilities

Supplement Operational Decision-Making Tools: Facility Location Models

Human Resources

Supplement Operational Decision-Making Tools: Work Measurement

Project Management

Global Supply Chain Procurement and Distribution

Supplement Operational Decision-Making Tools: Transportation and Transshipment Models

Forecasting

Inventory Management

Supplement Operational Decision-Making Tools: Simulation

Sales and Operations Planning

Supplement Operational Decision-Making Tools: Linear Programming

Enterprise Resource Planning

Lean Systems

Scheduling

Filters