Question 1

A cross-docking warehouse holds inventory from manufacturers until retailers are prepared to sell the items.

Accepted Answer

A) True 
 B)False  False

Question 2

In presourcing,suppliers are selected early in the concept development stage.

Accepted Answer

A) True 
 B)False  True

Question 3

For improving the efficiency and productivity of a complex supply chain,a company should do which of the following?

Accepted Answer

A)  Never adopt backward vertical integration. 
B)  Enter into agreements with first-tier suppliers, and let them manage their suppliers. 
C)  Adopt backward vertical integration or enter into agreements with first-tier suppliers. 
D)  Adopt backward vertical integration, but avoid writing agreements with first-tier suppliers. 
A)  Never adopt backward vertical integration. 
B)  Enter into agreements with first-tier suppliers, and let them manage their suppliers. 
C)  Adopt backward vertical integration or enter into agreements with first-tier suppliers. 
D)  Adopt backward vertical integration, but avoid writing agreements with first-tier suppliers. C

Question 4

Which one of the following statements correctly represents a benefit of centralized buying?

Accepted Answer

A)  Local managers have more control over their business. 
B)  Purchases and production schedules are meshed more easily. 
C)  Purchasing lead times may be shorter. 
D)  Increased buying power can result in significant savings in purchasing costs. 
A)  Local managers have more control over their business. 
B)  Purchases and production schedules are meshed more easily. 
C)  Purchasing lead times may be shorter. 
D)  Increased buying power can result in significant savings in purchasing costs.

Question 5

________ are inventories needed for the production of goods and services; they are considered the inputs to the transformation process.

Accepted Answer

The answer of ________ are inventories needed for the production...

Question 6

Rome Corporation is a supplier of ball bearings.Because of the specialized manufacturing process employed,considerable work-in-process and raw material inventories are created.The current inventory levels are $1,500,000 and $3,775,000,respectively.In addition,finished goods inventory is $3,500,000,and sales (at cost)for the current year are expected to be about $28 million.Assume they operate 50 week per year.
a.What is their total inventory (measured as weeks of supply)?
b.What is their inventory turnover?

Accepted Answer

a.Weeks of supply = average aggregate in

Question 7

Discuss the trade-offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse,distribution center,wholesaler,or retailers.

Accepted Answer

Locating inventory at a company's factor

Question 8

One of the benefits of a cooperative orientation in supplier relationships is

Accepted Answer

A)  the buyer sometimes suggests ways to improve the supplier's operations. 
B)  the supplier implements its own quality standards. 
C)  the buyer does not have to share much information with the supplier. 
D)  the supplier has complete freedom in choosing the delivery time. 
A)  the buyer sometimes suggests ways to improve the supplier's operations. 
B)  the supplier implements its own quality standards. 
C)  the buyer does not have to share much information with the supplier. 
D)  the supplier has complete freedom in choosing the delivery time.

Question 9

The extreme situation of a cooperative orientation to supplier relations is sole sourcing.

Accepted Answer

A) True 
 B)False

Question 10

________ involves locating the stock closer to customers at a warehouse,distribution center,or retailer.

Accepted Answer

The answer of ________ involves locating the stock closer to...

Question 11

Briefly describe the term refers to as Customer relationship process.

Accepted Answer

The customer relationship process addres

Question 12

Which one of the following is TRUE for supply chain management?

Accepted Answer

A)  Supply chain concept applies to both manufacturing and service organizations. 
B)  Supply chain applies only to manufacturing because it deals with flow of materials. 
C)  Supply chain is about suppliers and does not include distributors or customers. 
D)  Supply chain includes any operation that deals with materials. 
A)  Supply chain concept applies to both manufacturing and service organizations. 
B)  Supply chain applies only to manufacturing because it deals with flow of materials. 
C)  Supply chain is about suppliers and does not include distributors or customers. 
D)  Supply chain includes any operation that deals with materials.

Question 13

Which one of the following is true for supply chain management?

Accepted Answer

A)  Supply chain is about suppliers and does not include distributors or customers. 
B)  Supply chain applies only to manufacturing because it deals with flow of materials. 
C)  Supply chain applies to both manufacturing and service organizations. 
D)  Supply chain includes any operation that deals with materials. 
A)  Supply chain is about suppliers and does not include distributors or customers. 
B)  Supply chain applies only to manufacturing because it deals with flow of materials. 
C)  Supply chain applies to both manufacturing and service organizations. 
D)  Supply chain includes any operation that deals with materials.

Question 14

The order-fulfillment process involves the activities to deliver a product or service to the customer.

Accepted Answer

A) True 
 B)False

Question 15

Inventory is a stock of material used to satisfy customer demand or support the production of goods and services.

Accepted Answer

A) True 
 B)False

Question 16

The ________ process is a core process that fundamentally shapes the supply chain.

Accepted Answer

new servic

Question 17

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 18

The most used form of e-purchasing today is electronic data interchange.

Accepted Answer

A) True 
 B)False

Question 19

Which one of the following statements is TRUE about purchasing?

Accepted Answer

A)  Purchasing must satisfy the firm's long-term supply needs. 
B)  Purchasing's primary role should be placing and tracking orders. 
C)  Purchasing's primary role is to negotiate lower prices. 
D)  Purchasing's primary role is to negotiate prices and delivery dates. 
A)  Purchasing must satisfy the firm's long-term supply needs. 
B)  Purchasing's primary role should be placing and tracking orders. 
C)  Purchasing's primary role is to negotiate lower prices. 
D)  Purchasing's primary role is to negotiate prices and delivery dates.

Question 20

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

Accepted Answer

Outsourcing transfers what were traditio

Exam 2: Supply Chain Management

A cross-docking warehouse holds inventory from manufacturers until retailers are prepared to sell the items.

In presourcing,suppliers are selected early in the concept development stage.

For improving the efficiency and productivity of a complex supply chain,a company should do which of the following?

Which one of the following statements correctly represents a benefit of centralized buying?

________ are inventories needed for the production of goods and services; they are considered the inputs to the transformation process.

Discuss the trade-offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse,distribution center,wholesaler,or retailers.

One of the benefits of a cooperative orientation in supplier relationships is

The extreme situation of a cooperative orientation to supplier relations is sole sourcing.

________ involves locating the stock closer to customers at a warehouse,distribution center,or retailer.

Briefly describe the term refers to as Customer relationship process.

Which one of the following is TRUE for supply chain management?

Which one of the following is true for supply chain management?

The order-fulfillment process involves the activities to deliver a product or service to the customer.

Inventory is a stock of material used to satisfy customer demand or support the production of goods and services.

The ________ process is a core process that fundamentally shapes the supply chain.

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

The most used form of e-purchasing today is electronic data interchange.

Which one of the following statements is TRUE about purchasing?

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

Creating Customer Value through Operations

Process Configuration

Capacity

Inventory Management

Quality and Process Improvement

Lean Systems

Managing Projects

Location and Layout

Managing Demand and Forecasting

Operations Planning and Scheduling

Resource Planning

Decision Making

Financial Analysis

Work Measurement

Learning Curve Analysis

Computer-Integrated Manufacturing

Acceptance Sampling Plans

Simulation

Special Inventory Models

Linear Programming

Waiting Lines

Filters