Question 1

Two common measures to evaluate supply-chain efficiency are the inventory turnover and weeks-of-supply ratios.

Accepted Answer

A) True 
 B)False

Question 2

The best strategy for innovative products is to use either a responsive or an agile supply-chain.

Accepted Answer

A) True 
 B)False

Question 3

Two common measures to evaluate supply-chain efficiency are the consumer price index and the beta flow system.

Accepted Answer

A) True 
 B)False

Question 4

Outsourcing allows a firm to achieve an improved focus on its core competencies.

Accepted Answer

A) True 
 B)False

Question 5

Green sourcing is only about finding new environmentally friendly technologies and increasing the use of recyclable materials.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following of Fisher's product categories includes fashionable clothing, personal computers and other products that typically have a very brief life cycle?

Accepted Answer

A) Functional products 
B) Dysfunctional products 
C) Innovative products 
D) Bullwhip products 
E) Value density products 
A) Functional products 
B) Dysfunctional products 
C) Innovative products 
D) Bullwhip products 
E) Value density products

Question 7

A firm that controls most of the activities in its supply chain is said to be vertically integrated.

Accepted Answer

A) True 
 B)False

Question 8

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?

Accepted Answer

A) 19.23 
B) 4.5 
C) 0.8654 
D) 0.2222 
E) None of the above 
A) 19.23 
B) 4.5 
C) 0.8654 
D) 0.2222 
E) None of the above

Question 9

In outsourcing which of the following internal activities and decision responsibilities can not be transferred to outside contractors?

Accepted Answer

A) Activities involving people 
B) Activities involving facilities 
C) Activities involving equipment 
D) Activities involving shareholders 
E) Activities involving technology 
A) Activities involving people 
B) Activities involving facilities 
C) Activities involving equipment 
D) Activities involving shareholders 
E) Activities involving technology

Question 10

Which of the following is not an organizationally-driven reason for outsourcing?

Accepted Answer

A) Improve effectiveness by focusing on what the firm does best 
B) Improve flexibility to meet changing demand for products and services 
C) Increase product and service value by improving response to customer needs 
D) Improve credibility and image by associating with superior providers 
E) All of the above are organizationally-driven reasons for outsourcing 
A) Improve effectiveness by focusing on what the firm does best 
B) Improve flexibility to meet changing demand for products and services 
C) Increase product and service value by improving response to customer needs 
D) Improve credibility and image by associating with superior providers 
E) All of the above are organizationally-driven reasons for outsourcing

Question 11

What is the effect of the lack of synchronization among supply-chain members called?

Accepted Answer

.
The bull

Question 12

The effect of the lack of synchronization among supply-chain members is referred to as which of the following?

Accepted Answer

A) Forward buying 
B) Continuous replenishment 
C) Bullwhip effect 
D) Metcalf's Law 
E) Being out of step 
A) Forward buying 
B) Continuous replenishment 
C) Bullwhip effect 
D) Metcalf's Law 
E) Being out of step

Question 13

Retailer behavior when stocking up during promotion periods (where the prices of goods are reduced) is called backward buying.

Accepted Answer

A) True 
 B)False

Question 14

Overemphasis on purchase price frequently results in failure to address other significant costs.

Accepted Answer

A) True 
 B)False

Question 15

Ownership costs include which of the following costs?

Accepted Answer

A) Environmental costs 
B) Warranty costs 
C) Supply chain costs 
D) Quality costs 
E) Taxes 
A) Environmental costs 
B) Warranty costs 
C) Supply chain costs 
D) Quality costs 
E) Taxes

Question 16

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with an evolving supply process is called which of the following?

Accepted Answer

A) Efficient 
B) Forward looking 
C) Agile 
D) Risk hedging 
E) Responsive 
A) Efficient 
B) Forward looking 
C) Agile 
D) Risk hedging 
E) Responsive

Question 17

The six-step process for green sourcing does not include which of the following?

Accepted Answer

A) Assess the opportunity 
B) Assess the supply base 
C) Confer with environmental groups 
D) Engage sourcing agents 
E) Institutionalize the sourcing strategy 
A) Assess the opportunity 
B) Assess the supply base 
C) Confer with environmental groups 
D) Engage sourcing agents 
E) Institutionalize the sourcing strategy

Question 18

The total value of all items held in inventory for the firm valued at cost is which of the following?

Accepted Answer

A) Cost of goods to be sold 
B) Average aggregate inventory value 
C) Weeks supply of goods 
D) Inventory turnover 
E) None of the above 
A) Cost of goods to be sold 
B) Average aggregate inventory value 
C) Weeks supply of goods 
D) Inventory turnover 
E) None of the above

Question 19

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000, which of the following is weeks of supply?

Accepted Answer

A) 45,000 
B) 234 
C) 120 
D) 23.4 
E) 4.5 
A) 45,000 
B) 234 
C) 120 
D) 23.4 
E) 4.5

Question 20

Green sourcing requires incorporating new criteria for evaluating alternatives.

Accepted Answer

A) True 
 B)False

Two common measures to evaluate supply-chain efficiency are the inventory turnover and weeks-of-supply ratios.

The best strategy for innovative products is to use either a responsive or an agile supply-chain.

Two common measures to evaluate supply-chain efficiency are the consumer price index and the beta flow system.

Outsourcing allows a firm to achieve an improved focus on its core competencies.

Green sourcing is only about finding new environmentally friendly technologies and increasing the use of recyclable materials.

Which of the following of Fisher's product categories includes fashionable clothing, personal computers and other products that typically have a very brief life cycle?

A firm that controls most of the activities in its supply chain is said to be vertically integrated.

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?

In outsourcing which of the following internal activities and decision responsibilities can not be transferred to outside contractors?

Which of the following is not an organizationally-driven reason for outsourcing?

What is the effect of the lack of synchronization among supply-chain members called?

The effect of the lack of synchronization among supply-chain members is referred to as which of the following?

Retailer behavior when stocking up during promotion periods (where the prices of goods are reduced) is called backward buying.

Overemphasis on purchase price frequently results in failure to address other significant costs.

Ownership costs include which of the following costs?

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with an evolving supply process is called which of the following?

The six-step process for green sourcing does not include which of the following?

The total value of all items held in inventory for the firm valued at cost is which of the following?

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000, which of the following is weeks of supply?

Green sourcing requires incorporating new criteria for evaluating alternatives.

Operations and Supply Chain Management

Strategy and Sustainability

Product and Service Design

Strategic Capacity Management

Process Analysis

Production Processes

Service Processes

Health Care Processes

Six-Sigma Quality

Projects

Location, Logistics and Distribution

Lean and Sustainable Supply Chains

Enterprise Resource Planning Systems

Demand Management and Forecasting

Sales and Operations Planning

Inventory Control

Material Requirements Planning

Scheduling

Constraint Management

Filters

Exam 11: Global Sourcing and Procurement

Two common measures to evaluate supply-chain efficiency are the inventory turnover and weeks-of-supply ratios.

The best strategy for innovative products is to use either a responsive or an agile supply-chain.

Two common measures to evaluate supply-chain efficiency are the consumer price index and the beta flow system.

Outsourcing allows a firm to achieve an improved focus on its core competencies.

Green sourcing is only about finding new environmentally friendly technologies and increasing the use of recyclable materials.

Which of the following of Fisher's product categories includes fashionable clothing, personal computers and other products that typically have a very brief life cycle?

A firm that controls most of the activities in its supply chain is said to be vertically integrated.

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?

In outsourcing which of the following internal activities and decision responsibilities can not be transferred to outside contractors?

Which of the following is not an organizationally-driven reason for outsourcing?

What is the effect of the lack of synchronization among supply-chain members called?

The effect of the lack of synchronization among supply-chain members is referred to as which of the following?

Retailer behavior when stocking up during promotion periods (where the prices of goods are reduced) is called backward buying.

Overemphasis on purchase price frequently results in failure to address other significant costs.

Ownership costs include which of the following costs?

In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with an evolving supply process is called which of the following?

The six-step process for green sourcing does not include which of the following?

The total value of all items held in inventory for the firm valued at cost is which of the following?

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000, which of the following is weeks of supply?

Green sourcing requires incorporating new criteria for evaluating alternatives.

Operations and Supply Chain Management

Strategy and Sustainability

Product and Service Design

Strategic Capacity Management

Process Analysis

Production Processes

Service Processes

Health Care Processes

Six-Sigma Quality

Projects

Location, Logistics and Distribution

Lean and Sustainable Supply Chains

Enterprise Resource Planning Systems

Demand Management and Forecasting

Sales and Operations Planning

Inventory Control

Material Requirements Planning

Scheduling

Constraint Management

Filters