Question 1

What is a keiretsu?

Accepted Answer

A keiretsu is a network of suppliers who

Question 2

Which of the following is NOT one of the five parts of the Supply Chain Operations Reference (SCOR)model?

Accepted Answer

A) Make 
B) Sell 
C) Plan 
D) Source 
E) Return 
A) Make 
B) Sell 
C) Plan 
D) Source 
E) Return

Question 3

Define EDI.

Accepted Answer

Electronic data interchange is

Question 4

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 5

Warehouses sometimes perform certain other functions besides storing goods.Which of the following is NOT typically one of those functions?

Accepted Answer

A) purchasing 
B) postponement 
C) break-bulk activities 
D) consolidation point 
E) cross-docking 
A) purchasing 
B) postponement 
C) break-bulk activities 
D) consolidation point 
E) cross-docking

Question 6

In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?

Accepted Answer

A) traditional 
B) buyer 
C) Dutch 
D) French 
E) Mexican 
A) traditional 
B) buyer 
C) Dutch 
D) French 
E) Mexican

Question 7

With the "many suppliers" sourcing strategy,the order usually goes to the supplier that offers the highest quality.

Accepted Answer

A) True 
 B)False

Question 8

The Institute for Supply Management:

Accepted Answer

A) establishes laws and regulations for supply management. 
B) is an agency of the United Nations charged with promoting ethical conduct globally. 
C) publishes the principles and standards for ethical supply management conduct. 
D) prohibits backward integration into developing economies. 
E) grants Ph.D.degrees in purchasing. 
A) establishes laws and regulations for supply management. 
B) is an agency of the United Nations charged with promoting ethical conduct globally. 
C) publishes the principles and standards for ethical supply management conduct. 
D) prohibits backward integration into developing economies. 
E) grants Ph.D.degrees in purchasing.

Question 9

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

Accepted Answer

Advantages: long-term suppliers are more

Question 10

Because service firms do not acquire goods and services externally,their supply chain management issues are insignificant.

Accepted Answer

A) True 
 B)False

Question 11

What are the four stages of supplier selection?

Accepted Answer

A) supplier evaluation,supplier development,negotiations,and contracting 
B) supplier evaluation,negotiations,supplier acquisition,and supplier development 
C) introduction,growth,maturity,and decline 
D) supplier evaluation,supplier development,negotiations,and centralized purchasing 
E) negotiations,contracting,centralized purchasing,and E-procurement 
A) supplier evaluation,supplier development,negotiations,and contracting 
B) supplier evaluation,negotiations,supplier acquisition,and supplier development 
C) introduction,growth,maturity,and decline 
D) supplier evaluation,supplier development,negotiations,and centralized purchasing 
E) negotiations,contracting,centralized purchasing,and E-procurement

Question 12

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 13

Waterways are an attractive distribution system when speed is more important than shipping cost.

Accepted Answer

A) True 
 B)False

Question 14

E-procurement:

Accepted Answer

A) works best in long-term contract situations but is not suited for auctions. 
B) is purchasing facilitated through the Internet. 
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 purchasing facilitated through the Internet. 
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 15

When using the low-cost strategy for supply chain management,a firm should use buffer stocks to ensure speedy supply.

Accepted Answer

A) True 
 B)False

Question 16

For which corporate strategy(ies)should supply chain inventory be minimized?

Accepted Answer

A) low cost 
B) response 
C) differentiation 
D) low cost and response 
E) low cost and differentiation 
A) low cost 
B) response 
C) differentiation 
D) low cost and response 
E) low cost and differentiation

Question 17

What are the three classic types of negotiation strategies?

Accepted Answer

A) supplier evaluation,supplier development,and supplier selection 
B) Theory X,Theory Y,and Theory Z 
C) many suppliers,few suppliers,and keiretsu 
D) cost-based price model,market-based price model,and competitive bidding 
E) traditional auctions,reverse auctions,and online exchanges 
A) supplier evaluation,supplier development,and supplier selection 
B) Theory X,Theory Y,and Theory Z 
C) many suppliers,few suppliers,and keiretsu 
D) cost-based price model,market-based price model,and competitive bidding 
E) traditional auctions,reverse auctions,and online exchanges

Question 18

Which of the following is NOT an advantage of a virtual company?

Accepted Answer

A) speed 
B) total control over every aspect of the organization 
C) specialized management expertise 
D) low capital investment 
E) flexibility 
A) speed 
B) total control over every aspect of the organization 
C) specialized management expertise 
D) low capital investment 
E) flexibility

Question 19

________ involves delaying any modifications or customization to the product as long as possible in the production process.

Accepted Answer

The answer of ________ involves delaying any modifications or customization...

Question 20

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

Exam 11: Supply Chain Management

What is a keiretsu?

Which of the following is NOT one of the five parts of the Supply Chain Operations Reference (SCOR)model?

Define EDI.

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

Warehouses sometimes perform certain other functions besides storing goods.Which of the following is NOT typically one of those functions?

In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?

With the "many suppliers" sourcing strategy,the order usually goes to the supplier that offers the highest quality.

The Institute for Supply Management:

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

Because service firms do not acquire goods and services externally,their supply chain management issues are insignificant.

What are the four stages of supplier selection?

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

Waterways are an attractive distribution system when speed is more important than shipping cost.

E-procurement:

When using the low-cost strategy for supply chain management,a firm should use buffer stocks to ensure speedy supply.

For which corporate strategy(ies)should supply chain inventory be minimized?

What are the three classic types of negotiation strategies?

Which of the following is NOT an advantage of a virtual company?

________ involves delaying any modifications or customization to the product as long as possible in the production process.

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

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Design of Goods and Services

Managing Quality

Process Strategy

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

Lean Operations

Maintenance and Reliability

Sustainability in the Supply Chain

Statistical Process Control

Capacity and Constraint Management

Supply Chain Management Analytics

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

Simulation

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