Question 1

Outsourcing refers to transferring a firm's activities that have traditionally been internal to external suppliers.

Accepted Answer

A) True 
 B)False

Question 2

A fast-food retailer that acquired a spice manufacturer would be practicing backward integration.

Accepted Answer

A) True 
 B)False

Question 3

One classic type of negotiation strategy is the market-based price model.

Accepted Answer

A) True 
 B)False

Question 4

Identify the ten major categories of supply chain risk.

Accepted Answer

(1)supplier failure to deliver; (2)suppl

Question 5

Keiretsu refers to a company coalition that is part collaboration,part purchasing from many suppliers,and part vertical integration.

Accepted Answer

A) True 
 B)False

Question 6

In most manufacturing industries,which of the following would likely represent the largest cost to the firm?

Accepted Answer

A) transportation 
B) purchasing 
C) insurance 
D) financing 
E) advertising 
A) transportation 
B) purchasing 
C) insurance 
D) financing 
E) advertising

Question 7

Improvements in security,especially regarding the millions of shipping containers that enter the U.S.each year,are being held back by the lack of technological advances.

Accepted Answer

A) True 
 B)False

Question 8

________ management focuses on the outbound flow of products.

Accepted Answer

The answer of ________ management focuses on the outbound flow...

Question 9

Identify three common occurrences that contribute to distortions of information about what is really occurring in the supply chain.

Accepted Answer

(1)local optimization; (2)ince

Question 10

When Daimler and BMW pooled resources to develop standardized auto components,the sourcing strategy could best be described by which of the following?

Accepted Answer

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

Question 11

How are outsourcing and vertical integration related? Can a single firm successfully do both?

Accepted Answer

Outsourcing transfers what were traditio

Question 12

Describe vendor-managed inventory (VMI).How is it related to outsourcing? Cite an example from your experiences as a shopper.

Accepted Answer

In vendor-managed inventory,the supplier

Question 13

All EXCEPT which of the following are "opportunities" in managing the integrated supply chain?

Accepted Answer

A) postponement 
B) drop shipping 
C) blanket orders 
D) standardization 
E) line balancing 
A) postponement 
B) drop shipping 
C) blanket orders 
D) standardization 
E) line balancing

Question 14

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 15

Drop shipping results in time and shipping cost savings.

Accepted Answer

A) True 
 B)False

Question 16

What three logistics-related costs are relevant when analyzing the choice of number of facilities in a distribution network?

Accepted Answer

A) inventory costs,production costs,and transportation costs 
B) inventory costs,production costs,and facility costs 
C) inventory costs,transportation costs,and facility costs 
D) facility costs,production costs,and transportation costs 
E) facility costs,inventory costs,and marketing costs 
A) inventory costs,production costs,and transportation costs 
B) inventory costs,production costs,and facility costs 
C) inventory costs,transportation costs,and facility costs 
D) facility costs,production costs,and transportation costs 
E) facility costs,inventory costs,and marketing costs

Question 17

Identify three common features of contracts between buyers and suppliers.

Accepted Answer

(1)quantity discount

Question 18

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

Accepted Answer

Institute

Question 19

________ describes using one supplier for a component and a second supplier for another component,where each supplier acts as a backup for the other.

Accepted Answer

The answer of ________ describes using one supplier for a...

Question 20

The new model of a tight,fast,low-inventory supply chain,operating across political and cultural boundaries,has reduced the overall level of supply chain risk.

Accepted Answer

A) True 
 B)False

Exam 11: Supply Chain Management

Outsourcing refers to transferring a firm's activities that have traditionally been internal to external suppliers.

A fast-food retailer that acquired a spice manufacturer would be practicing backward integration.

One classic type of negotiation strategy is the market-based price model.

Identify the ten major categories of supply chain risk.

Keiretsu refers to a company coalition that is part collaboration,part purchasing from many suppliers,and part vertical integration.

In most manufacturing industries,which of the following would likely represent the largest cost to the firm?

Improvements in security,especially regarding the millions of shipping containers that enter the U.S.each year,are being held back by the lack of technological advances.

________ management focuses on the outbound flow of products.

Identify three common occurrences that contribute to distortions of information about what is really occurring in the supply chain.

When Daimler and BMW pooled resources to develop standardized auto components,the sourcing strategy could best be described by which of the following?

How are outsourcing and vertical integration related? Can a single firm successfully do both?

Describe vendor-managed inventory (VMI).How is it related to outsourcing? Cite an example from your experiences as a shopper.

All EXCEPT which of the following are "opportunities" in managing the integrated supply chain?

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

Drop shipping results in time and shipping cost savings.

What three logistics-related costs are relevant when analyzing the choice of number of facilities in a distribution network?

Identify three common features of contracts between buyers and suppliers.

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

________ describes using one supplier for a component and a second supplier for another component,where each supplier acts as a backup for the other.

The new model of a tight,fast,low-inventory supply chain,operating across political and cultural boundaries,has reduced the overall level of supply chain risk.

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

Filters