Exam 11: Supply Chain Management

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Japanese manufacturers often pursue a strategy that is part collaboration,part purchasing from a few suppliers,and part vertical integration.What is this approach called?

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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? 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?

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________ rely on a variety of supplier relationships to provide services on demand.

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Distribution management focuses on which of the following?

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A manufacturing plant averaged $740 of raw materials,$230 of work-in-process inventory,and $1030 of finished goods inventory during the month.If the cost of goods sold this month amounted to $10,000,what is the inventory turnover for the month?

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

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Which of the following is NOT a typical benefit of centralized purchasing?

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

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Virtual companies are also known as ________ .

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Drop shipping:

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

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Use of a diversified supply base represents one of the most common supply chain risk reduction tactics for several different supply chain risk categories.

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In supply chain management,ethical issues:

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Which of the following is NOT one of the risk mitigation tactics for the supply chain risk category of suppliers failing to deliver?

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

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

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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?

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

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Which of the following is NOT an opportunity for effective management in the supply chain?

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

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