Question 1

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

Accepted Answer

Percent invested in inventory = (Average

Question 2

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 3

________ postpones final assembly of a product so the distribution channel can assemble it.

Accepted Answer

The answer of ________ postpones final assembly of a product...

Question 4

Channel assembly,which sends components and modules to be assembled by a distributor,treats these distributors as manufacturing partners.

Accepted Answer

A) True 
 B)False

Question 5

What is the practice of keeping a product generic as long as possible before customizing?

Accepted Answer

A) postponement 
B) keiretsu 
C) vendor-managed inventory 
D) forward integration 
E) backward integration 
A) postponement 
B) keiretsu 
C) vendor-managed inventory 
D) forward integration 
E) backward integration

Question 6

The ________ is a set of processes,metrics,and best practices developed by the Supply Chain Council.

Accepted Answer

Supply Chain Operati

Question 7

Which of the following statements does NOT accurately explain what occurs when the number of facilities in a distribution network increases?

Accepted Answer

A) response time decreases 
B) profit first increases,then decreases 
C) total logistics costs first decrease,then increase 
D) inventory costs increase 
E) response time first decreases,then increases 
A) response time decreases 
B) profit first increases,then decreases 
C) total logistics costs first decrease,then increase 
D) inventory costs increase 
E) response time first decreases,then increases

Question 8

________ describes the coordination of all supply chain activities,starting with raw materials and ending with a satisfied customer.

Accepted Answer

Supply cha

Question 9

Designing distribution networks to meet customer expectations suggests three criteria: (1)rapid response, (2)cost,and (3)service.

Accepted Answer

A) True 
 B)False

Question 10

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 11

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed which of the following?

Accepted Answer

A) horizontal integration 
B) forward integration 
C) backward integration 
D) current transformation 
E) job expansion 
A) horizontal integration 
B) forward integration 
C) backward integration 
D) current transformation 
E) job expansion

Question 12

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 13

Even though a firm may have a low cost strategy,supply-chain strategy can select suppliers primarily on response or differentiation.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following would NOT typically be considered as part of a manufacturing firm's supply chain?

Accepted Answer

A) suppliers 
B) distributors 
C) wholesalers 
D) retailers 
E) landscaping contractors 
A) suppliers 
B) distributors 
C) wholesalers 
D) retailers 
E) landscaping contractors

Question 15

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 16

A blanket order is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.

Accepted Answer

A) True 
 B)False

Question 17

Outsourcing:

Accepted Answer

A) transfers traditional internal activities to outside vendors. 
B) utilizes the efficiency that comes with specialization. 
C) allows the outsourcing firm to focus on its key success factors. 
D) All of the above are true of outsourcing. 
E) None of the above is true of outsourcing. 
A) transfers traditional internal activities to outside vendors. 
B) utilizes the efficiency that comes with specialization. 
C) allows the outsourcing firm to focus on its key success factors. 
D) All of the above are true of outsourcing. 
E) None of the above is true of outsourcing.

Question 18

By which distribution system is more than 90 percent of U.S.coal shipped?

Accepted Answer

A) railroads 
B) trucks 
C) waterways 
D) pipelines 
E) none of the above 
A) railroads 
B) trucks 
C) waterways 
D) pipelines 
E) none of the above

Question 19

A restaurant runs a special promotion on lobster and plans to sell twice as many lobsters as usual.When this large order is sent to the distributor,the distributor assumes the large size is a trend,not a one-time event.The distributor therefore places an even larger order with the lobsterman.This behavior is the result of which of the following?

Accepted Answer

A) double marginalization 
B) the bullwhip effect 
C) CPFR 
D) postponement 
E) vendor-managed inventory 
A) double marginalization 
B) the bullwhip effect 
C) CPFR 
D) postponement 
E) vendor-managed inventory

Question 20

The Japanese concept of a company coalition of suppliers is:

Accepted Answer

A) poka-yoke. 
B) kaizen. 
C) keiretsu. 
D) dim sum. 
E) illegal. 
A) poka-yoke. 
B) kaizen. 
C) keiretsu. 
D) dim sum. 
E) illegal.

Exam 11: Supply Chain Management

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

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

________ postpones final assembly of a product so the distribution channel can assemble it.

Channel assembly,which sends components and modules to be assembled by a distributor,treats these distributors as manufacturing partners.

What is the practice of keeping a product generic as long as possible before customizing?

The ________ is a set of processes,metrics,and best practices developed by the Supply Chain Council.

Which of the following statements does NOT accurately explain what occurs when the number of facilities in a distribution network increases?

________ describes the coordination of all supply chain activities,starting with raw materials and ending with a satisfied customer.

Designing distribution networks to meet customer expectations suggests three criteria: (1)rapid response, (2)cost,and (3)service.

What term is used to describe the outsourcing of logistics?

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed which of the following?

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

Even though a firm may have a low cost strategy,supply-chain strategy can select suppliers primarily on response or differentiation.

Which of the following would NOT typically be considered as part of a manufacturing firm's supply chain?

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

A blanket order is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.

Outsourcing:

By which distribution system is more than 90 percent of U.S.coal shipped?

The Japanese concept of a company coalition of suppliers is:

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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