Question 1

A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer. The carpet manufacturer is practicing

Accepted Answer

A)  postponement. 
B)  cross-docking. 
C)  channel assembly. 
D)  drop shipping. 
E)  float reduction. 
A)  postponement. 
B)  cross-docking. 
C)  channel assembly. 
D)  drop shipping. 
E)  float reduction. D

Question 2

Outsourcing is a form of specialization that allows the outsourcing firm to focus on its key success factors.

Accepted Answer

A) True 
 B)False  True

Question 3

Toyota's policy of having two suppliers per component after its experience with fire and earthquakes is similar to Hark Rock Café's franchising in societies that have significant cultural or environmental barriers because

Accepted Answer

A)  both companies are coping with environmental supply-chain risks. 
B)  both companies are coping with process supply-chain risks. 
C)  both companies are coping with control supply-chain risks. 
D)  both companies are addressing outsourcing. 
E)  both companies are addressing inventory level optimization. 
A)  both companies are coping with environmental supply-chain risks. 
B)  both companies are coping with process supply-chain risks. 
C)  both companies are coping with control supply-chain risks. 
D)  both companies are addressing outsourcing. 
E)  both companies are addressing inventory level optimization. A

Question 4

Describe some ways that effective supply-chain partners build and utilize mutual trust.

Accepted Answer

Members of the chain must enter into a r

Question 5

________ is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.

Accepted Answer

Vertical i

Question 6

Giving quantity discounts based on annual volume instead of single order size helps to control which supply-chain issue?

Accepted Answer

A)  control risk 
B)  environmental risk 
C)  the bullwhip effect 
D)  unethical supplier behaviour 
E)  vendor-managed inventory 
A)  control risk 
B)  environmental risk 
C)  the bullwhip effect 
D)  unethical supplier behaviour 
E)  vendor-managed inventory

Question 7

Walmart's management of its supply chain for Proctor and Gamble's Pampers Baby-Dry diapers is an example of

Accepted Answer

A)  blanket orders. 
B)  standardization. 
C)  postponement. 
D)  lot size reduction. 
E)  single stage control of replenishment. 
A)  blanket orders. 
B)  standardization. 
C)  postponement. 
D)  lot size reduction. 
E)  single stage control of replenishment.

Question 8

The three stages of vendor selection, in order, are

Accepted Answer

A)  vendor evaluation, vendor development, and negotiations. 
B)  vendor development, vendor evaluation, and vendor acquisition. 
C)  introduction, growth, and maturity. 
D)  vendor evaluation, negotiations, and vendor development. 
E)  EDI, ERP, and ASN. 
A)  vendor evaluation, vendor development, and negotiations. 
B)  vendor development, vendor evaluation, and vendor acquisition. 
C)  introduction, growth, and maturity. 
D)  vendor evaluation, negotiations, and vendor development. 
E)  EDI, ERP, and ASN.

Question 9

The three major variations of online catalogues are

Accepted Answer

A)  catalogues by vendors, catalogues by intermediaries, and exchanges provided by buyers. 
B)  EDI, ERP, and ASN. 
C)  cost-based, market-based, and competitive bidding. 
D)  drop shipping, channel assembly, and postponement. 
E)  all auction-based. 
A)  catalogues by vendors, catalogues by intermediaries, and exchanges provided by buyers. 
B)  EDI, ERP, and ASN. 
C)  cost-based, market-based, and competitive bidding. 
D)  drop shipping, channel assembly, and postponement. 
E)  all auction-based.

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

The "bullwhip" effect

Accepted Answer

A)  occurs as orders are relayed from retailers to wholesalers. 
B)  results in increasing fluctuations at each step of the sequence. 
C)  increases the costs associated with inventory in the supply chain. 
D)  occurs because of distortions in information in the supply chain. 
E)  all of the above. 
A)  occurs as orders are relayed from retailers to wholesalers. 
B)  results in increasing fluctuations at each step of the sequence. 
C)  increases the costs associated with inventory in the supply chain. 
D)  occurs because of distortions in information in the supply chain. 
E)  all of the above.

Question 12

Which one of the following is not a supply-chain strategy?

Accepted Answer

A)  negotiation with many suppliers 
B)  vertical integration 
C)  keiretsu 
D)  short-term relationships with few suppliers 
E)  virtual companies 
A)  negotiation with many suppliers 
B)  vertical integration 
C)  keiretsu 
D)  short-term relationships with few suppliers 
E)  virtual companies

Question 13

All of the following are "opportunities" for supply-chain management except

Accepted Answer

A)  postponement. 
B)  drop shipment. 
C)  blanket orders. 
D)  channel assembly. 
E)  line balancing. 
A)  postponement. 
B)  drop shipment. 
C)  blanket orders. 
D)  channel assembly. 
E)  line balancing.

Question 14

The three classic types of negotiation strategies are

Accepted Answer

A)  vendor evaluation, vendor development, and vendor 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)  vendor-managed inventory, channel assembly, blanket orders. 
A)  vendor evaluation, vendor development, and vendor 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)  vendor-managed inventory, channel assembly, blanket orders.

Question 15

Which of the following is an aspect of environmental risk in supply-chain management?

Accepted Answer

A)  political issues 
B)  management metrics 
C)  secure financial transactions 
D)  raw material availability 
E)  logistics planning 
A)  political issues 
B)  management metrics 
C)  secure financial transactions 
D)  raw material availability 
E)  logistics planning

Question 16

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 supplie

Question 17

Vendor-Managed Inventory is a form of outsourcing.

Accepted Answer

A) True 
 B)False

Question 18

A container of ball-bearings valued at $25,000, currently located in Brandon, Manitoba, needs to be delivered to the Brampton, Ontario, plant. The standard shipment method takes two days. However, for an additional charge of $500, the container can be sent overnight. The annual holding cost rate for this type of item has been estimated at 28%. What option is more economical?

Accepted Answer

Daily cost of holding the item is .28(25

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

What are the advantages of shipping by truck?

Accepted Answer

The advantages of shipping by

Exam 11: Supply-Chain Management

A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer. The carpet manufacturer is practicing

Outsourcing is a form of specialization that allows the outsourcing firm to focus on its key success factors.

Toyota's policy of having two suppliers per component after its experience with fire and earthquakes is similar to Hark Rock Café's franchising in societies that have significant cultural or environmental barriers because

Describe some ways that effective supply-chain partners build and utilize mutual trust.

________ is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.

Giving quantity discounts based on annual volume instead of single order size helps to control which supply-chain issue?

Walmart's management of its supply chain for Proctor and Gamble's Pampers Baby-Dry diapers is an example of

The three stages of vendor selection, in order, are

The three major variations of online catalogues are

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

The "bullwhip" effect

Which one of the following is not a supply-chain strategy?

All of the following are "opportunities" for supply-chain management except

The three classic types of negotiation strategies are

Which of the following is an aspect of environmental risk in supply-chain management?

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

Vendor-Managed Inventory is a form of outsourcing.

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

What are the advantages of shipping by truck?

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Design of Goods and Services

Managing Quality

Process Strategy and Sustainability

Location Strategies

Layout Strategies

Human Resources, Job Design, and Work Measurement

Inventory Management

Aggregate Planning

Material Requirements Planning Mrp and Erp

Short-Term Scheduling

Lean Operations

Maintenance and Reliability

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

Simulation

Supply Chain Management Analytics

Sustainability in the Supply Chain

Statistical Process Control

Capacity and Constraint Management

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