Question 1

lowest total process cost is:

Accepted Answer

A) Always the sum of the lowest cost for each involved function 
B) Is the lowest cost for each involved function 
C) May be the lowest cost for each involved function 
D) Typically involves careful cost integration 
A) Always the sum of the lowest cost for each involved function 
B) Is the lowest cost for each involved function 
C) May be the lowest cost for each involved function 
D) Typically involves careful cost integration C

Question 2

is the primary reason that time to market has decreased over the past two decades:

Accepted Answer

A) Improvement in Federal Highways 
B) Better Sea Ports 
C) Development of Double Stack Containers 
D) Information Technology 
A) Improvement in Federal Highways 
B) Better Sea Ports 
C) Development of Double Stack Containers 
D) Information Technology D

Question 3

Which of the following best describes an integrative supply chain process:

Accepted Answer

A) Something that links together independent parts 
B) A concept that identifies independent parts 
C) A conglomeration of functions 
D) The fusion of critical components of a supply chain 
A) Something that links together independent parts 
B) A concept that identifies independent parts 
C) A conglomeration of functions 
D) The fusion of critical components of a supply chain D

Question 4

Supply Chain is best described by which of the following:

Accepted Answer

A) A group of cooperative carriers 
B) A group of collaborative companies 
C) A formal association of competitive companies 
D) Two firms who create a strategic alliance 
A) A group of cooperative carriers 
B) A group of collaborative companies 
C) A formal association of competitive companies 
D) Two firms who create a strategic alliance

Question 5

What is dwell time:

Accepted Answer

A) A key component of system design 
B) The ratio of asset idle time to total time required to complete a mission 
C) The total time inventory is waiting to be processed. 
D) A key concept in manufacturing efficiency 
A) A key component of system design 
B) The ratio of asset idle time to total time required to complete a mission 
C) The total time inventory is waiting to be processed. 
D) A key concept in manufacturing efficiency

Question 6

Geographic postponement is characterized by:

Accepted Answer

A) Timely manufacturing 
B) Timely delivery 
C) Timely commitment to design 
D) None of the above 
A) Timely manufacturing 
B) Timely delivery 
C) Timely commitment to design 
D) None of the above

Question 7

Collaboration is the act of:

Accepted Answer

A) Sharing secret information 
B) Working with competitors 
C) Integrating a supply chain 
D) Legal in selected supply chain arrangements 
A) Sharing secret information 
B) Working with competitors 
C) Integrating a supply chain 
D) Legal in selected supply chain arrangements

Question 8

Anticipatory Business Model is best described by which statement:

Accepted Answer

A) Driven by forecast 
B) Driven by information technology 
C) Builds on the principles of time-based competition 
D) Is a low risk strategy 
A) Driven by forecast 
B) Driven by information technology 
C) Builds on the principles of time-based competition 
D) Is a low risk strategy

Question 9

concept of postponement:

Accepted Answer

A) Involves two organizations working together to delay delivery 
B) Involves strategic delay of the delivery 
C) Seeks to reduce the risk of delivery 
D) Seeks to reduce the risk of anticipation 
A) Involves two organizations working together to delay delivery 
B) Involves strategic delay of the delivery 
C) Seeks to reduce the risk of delivery 
D) Seeks to reduce the risk of anticipation

Question 10

Cash-to Cash Conversion:

Accepted Answer

A) Is typically related to inventory turn 
B) Is related to freight payment 
C) Is the time required to convert raw materials into finished inventory 
D) Is a measure of manufacturing efficiency 
A) Is typically related to inventory turn 
B) Is related to freight payment 
C) Is the time required to convert raw materials into finished inventory 
D) Is a measure of manufacturing efficiency

Question 11

integrated service supplier (ISP) seeks to:

Accepted Answer

A) Provide critical operational functionality in a supply chain 
B) Specializes in providing a specialized service 
C) Typically brings together two otherwise separate functions 
D) None of the above 
A) Provide critical operational functionality in a supply chain 
B) Specializes in providing a specialized service 
C) Typically brings together two otherwise separate functions 
D) None of the above

lowest total process cost is:

is the primary reason that time to market has decreased over the past two decades:

Which of the following best describes an integrative supply chain process:

Supply Chain is best described by which of the following:

What is dwell time:

Geographic postponement is characterized by:

Collaboration is the act of:

Anticipatory Business Model is best described by which statement:

concept of postponement:

Cash-to Cash Conversion:

integrated service supplier (ISP) seeks to:

Logistics

Customer Relationship Management

Procurement

Manufacturing

Integrated Operations Planning

Inventory

Transportation

Warehousing

Packaging and Handling

Global Supply Chains

Network Design

Operation Analysis

Collaboration

Performance Measurement

Risk and Sustainability

Filters

Exam 1: 21st-Century Supply Chains

lowest total process cost is:

is the primary reason that time to market has decreased over the past two decades:

Which of the following best describes an integrative supply chain process:

Supply Chain is best described by which of the following:

What is dwell time:

Geographic postponement is characterized by:

Collaboration is the act of:

Anticipatory Business Model is best described by which statement:

concept of postponement:

Cash-to Cash Conversion:

integrated service supplier (ISP) seeks to:

Logistics

Customer Relationship Management

Procurement

Manufacturing

Integrated Operations Planning

Inventory

Transportation

Warehousing

Packaging and Handling

Global Supply Chains

Network Design

Operation Analysis

Collaboration

Performance Measurement

Risk and Sustainability

Filters