Question 1

The objective of a firm in a responsive supply chain is likely to be realized if it has a:

Accepted Answer

A) standardized product. 
B) short lead time. 
C) low-capacity cushion. 
D) line-flow process. 
A) standardized product. 
B) short lead time. 
C) low-capacity cushion. 
D) line-flow process.

Question 2

Customer clothing and the Boeing 787 Dreamliner aircraft are based on standard designs but component production and manufacture of the final product is ________.

Accepted Answer

The answer of Customer clothing and the Boeing 787 Dreamliner...

Question 3

The weeks of supply measure will improve if the weekly sales decrease.

Accepted Answer

A) True 
 B)False

Question 4

Supply chain management tries to match the flow of materials,services and information with demand.

Accepted Answer

A) True 
 B)False

Question 5

Henderson Corporation is a supplier of alloy ball bearings to auto manufacturers in Detroit.Because of the specialized manufacturing process employed,considerable work-in-process and raw material inventories are created.The average inventory levels are $1,152,000 and $2,725,000,respectively.In addition,finished goods inventory is $3,225,000,and sales (at cost)for the current year are expected to be about $24 million.The inventory turnover that Henderson Corporation is currently expecting is:

Accepted Answer

A) less than 2.0. 
B) greater than 2.0 but less than 2.5. 
C) greater than 2.5 but less than 3.0. 
D) greater than 3.0. 
A) less than 2.0. 
B) greater than 2.0 but less than 2.5. 
C) greater than 2.5 but less than 3.0. 
D) greater than 3.0.

Question 6

Supply chain design for a service provider is driven primarily by the need to control the materials it consumes as it delivers its various services.

Accepted Answer

A) True 
 B)False

Question 7

Some discount stores are able to sell items before they have to pay their suppliers,resulting in a negative:

Accepted Answer

A) net profit. 
B) return on assets. 
C) number of inventory turns. 
D) cash-to-cash measure. 
A) net profit. 
B) return on assets. 
C) number of inventory turns. 
D) cash-to-cash measure.

Question 8

________ is a concept whereby some of the final activities in the provision of a service or product are delayed until the orders are received.

Accepted Answer

The answer of ________ is a concept whereby some of...

Question 9

It is desirable for a firm in a responsive supply chain to have:

Accepted Answer

A) low-capacity cushions. 
B) delivery by railroad. 
C) high-capacity utilization consistent with high-volume delivery. 
D) inventory investments as needed to enable fast delivery times. 
A) low-capacity cushions. 
B) delivery by railroad. 
C) high-capacity utilization consistent with high-volume delivery. 
D) inventory investments as needed to enable fast delivery times.

Question 10

________ seeks to develop a firm's supply chain to meet the competitive priorities of the firm's operations strategy.

Accepted Answer

The answer of ________ seeks to develop a firm's supply...

Question 11

What is mass customization and what advantages does a producer benefit from if they can realize it?

Accepted Answer

Mass customization is the ability of a p

Question 12

The VP of Finance studied the printing costs at the university and knew it was time for bold,decisive action.The annual fixed cost of printing at the school was $1,250,000 and the per-page cost was one cent.Fortunately,his brother-in-law happened to own a company that would lease the printers to the university for only $850,000 and charge three cents per page.At what point would the university be indifferent between owning their printers and leasing their printers?

Accepted Answer

Q = @#IMG-DLM& Q = @#IMG-DLM&

Question 13

Use the following scenario to answer the questions below.
You currently make a part on old equipment at a cost of $50,000 per year and a variable cost of $20 / unit.You have found an outside supplier who will make the part for $15 / unit if you will pay their annual fixed costs of $200,000 / year.The following table summarizes the details of this make versus buy decision.
  
-Refer to the instruction above.What does the company save for the year by selecting the low-cost option at an annual requirement of 40,000 units?

Accepted Answer

A) $150,000 
B) $300,000 
C) $50,000 
D) $40,000 
A) $150,000 
B) $300,000 
C) $50,000 
D) $40,000

Question 14

Which one of the following statements about the relation between financial and supply-chain performance measures is TRUE?

Accepted Answer

A) Longer delivery times require higher levels of working capital. 
B) Shorter new product development time decreases revenue. 
C) Higher inventory turns call for higher working capital requirements. 
D) Lower aggregate inventory value means higher current assets. 
A) Longer delivery times require higher levels of working capital. 
B) Shorter new product development time decreases revenue. 
C) Higher inventory turns call for higher working capital requirements. 
D) Lower aggregate inventory value means higher current assets.

Question 15

The VP of Finance studied the printing costs at the university and knew it was time for bold,decisive action.The annual fixed cost of printing at the school was $850,000 and the per-page cost was two cents.Fortunately,his brother-in-law happened to own a company that would lease the printers to the university for only $600,000 and charge ten cents per page.At what point would the university be indifferent between owning their printers and leasing their printers?

Accepted Answer

Q = @#IMG-DLM& Q = @#IMG-DLM& x = 3,125,

Question 16

Forward placement is a reduction in inventory and safety stock because of the merging of variable demands from customers.

Accepted Answer

A) True 
 B)False

Question 17

A firm may choose to use members of the distribution channel as if they were assembly stations in the factory.Such an approach is known as:

Accepted Answer

A) backward integration. 
B) postponement. 
C) channel assembly. 
D) deferred delay. 
A) backward integration. 
B) postponement. 
C) channel assembly. 
D) deferred delay.

Question 18

Use the following scenario to answer the questions below.
A company is considering making versus buying a part needed for manufacturing.Particulars are as follows:
  
-Refer to the instruction above.What is the annual break-even quantity for choosing between making and buying in this situation?

Accepted Answer

A) 1,000 units 
B) 2,000 units 
C) 6,000 units 
D) 3,000 units 
A) 1,000 units 
B) 2,000 units 
C) 6,000 units 
D) 3,000 units

Question 19

A producer of medical devices makes a single model that can be customized to talk in and display any of 47 different languages.This customization is performed in one of their five regional distribution centers as firm orders are received,providing an elegant example of:

Accepted Answer

A) backward integration 
B) forward integration 
C) channel assembly. 
D) offshoring. 
A) backward integration 
B) forward integration 
C) channel assembly. 
D) offshoring.

Question 20

Weeks of inventory and inventory turns are reflected in:

Accepted Answer

A) working capital. 
B) operating expenses. 
C) cost of goods sold. 
D) cash flow. 
A) working capital. 
B) operating expenses. 
C) cost of goods sold. 
D) cash flow.

Exam 10: Supply Chain Design

The objective of a firm in a responsive supply chain is likely to be realized if it has a:

Customer clothing and the Boeing 787 Dreamliner aircraft are based on standard designs but component production and manufacture of the final product is ________.

The weeks of supply measure will improve if the weekly sales decrease.

Supply chain management tries to match the flow of materials,services and information with demand.

Supply chain design for a service provider is driven primarily by the need to control the materials it consumes as it delivers its various services.

Some discount stores are able to sell items before they have to pay their suppliers,resulting in a negative:

________ is a concept whereby some of the final activities in the provision of a service or product are delayed until the orders are received.

It is desirable for a firm in a responsive supply chain to have:

________ seeks to develop a firm's supply chain to meet the competitive priorities of the firm's operations strategy.

What is mass customization and what advantages does a producer benefit from if they can realize it?

Which one of the following statements about the relation between financial and supply-chain performance measures is TRUE?

Forward placement is a reduction in inventory and safety stock because of the merging of variable demands from customers.

A firm may choose to use members of the distribution channel as if they were assembly stations in the factory.Such an approach is known as:

Use the following scenario to answer the questions below. A company is considering making versus buying a part needed for manufacturing.Particulars are as follows: -Refer to the instruction above.What is the annual break-even quantity for choosing between making and buying in this situation?

A producer of medical devices makes a single model that can be customized to talk in and display any of 47 different languages.This customization is performed in one of their five regional distribution centers as firm orders are received,providing an elegant example of:

Weeks of inventory and inventory turns are reflected in:

Using Operations to Compete

Project Management

Process Strategy

Process Analysis

Quality and Performance

Capacity Planning

Constraint Management

Lean Systems

Supply Chain Inventory Management

Supply Chain Location Decisions

Supply Chain Integration

Supply Chain Sustainability and Humanitarian Logistics

Forecasting

Operations Planning and Scheduling

Resource Planning

Decision Making

Waiting Line

Special Inventory Models

Linear Programming

Simulation

Financial Analysis

Acceptance Sampling Plans

Measuring Output Rates

Learning Curve Analysis

Operations Scheduling

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