Question 1

The purchasing perspective of the supplier as a partner is characterized by

Accepted Answer

A) an emphasis on low prices. 
B) one or a few suppliers. 
C) low flexibility. 
D) 100 percent inspection for quality. 
E) low volume. 
A) an emphasis on low prices. 
B) one or a few suppliers. 
C) low flexibility. 
D) 100 percent inspection for quality. 
E) low volume. B

Question 2

Event-response capability is the advanced planning required to respond to planned events such as receiving a scheduled shipment.

Accepted Answer

A) True 
 B)False  False

Question 3

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

Accepted Answer

A) True 
 B)False  True

Question 4

Real-time information about product movement on store shelves could benefit from the use of

Accepted Answer

A) batch processing. 
B) economic order quantities. 
C) statistical process control. 
D) radio frequency identification tags. 
E) infrared remote scanners. 
A) batch processing. 
B) economic order quantities. 
C) statistical process control. 
D) radio frequency identification tags. 
E) infrared remote scanners.

Question 5

This is known as the strategic coordination of the supply chain for the purpose of integrating supply and demand management.

Accepted Answer

A) supply chain management 
B) logistics 
C) ERP 
D) strategic partnerships 
E) strategic procurement 
A) supply chain management 
B) logistics 
C) ERP 
D) strategic partnerships 
E) strategic procurement

Question 6

Using third-party fulfillment means losing control of fulfillment.

Accepted Answer

A) True 
 B)False

Question 7

Our organization can obtain visibility to potential trading partners on the Internet by using

Accepted Answer

A) C2C websites. 
B) B2C enablers. 
C) B2B exchanges. 
D) C2B marketplaces. 
E) 2BC commerce. 
A) C2C websites. 
B) B2C enablers. 
C) B2B exchanges. 
D) C2B marketplaces. 
E) 2BC commerce.

Question 8

Which of the following is not a key aspect of supply chain management?

Accepted Answer

A) determining the appropriate level of outsourcing 
B) managing procurement 
C) managing suppliers 
D) implementing lean principles 
E) managing customer relationships 
A) determining the appropriate level of outsourcing 
B) managing procurement 
C) managing suppliers 
D) implementing lean principles 
E) managing customer relationships

Question 9

Which of the following is not true of vendor analysis?

Accepted Answer

A) It involves an examination of the function of purchased parts or raw materials. 
B) Its purpose is to reduce costs and/or improve performance of purchased goods or services. 
C) It is usually performed only periodically. 
D) Representatives from design and operations may work with purchasing. 
E) If improvements are identified, purchasing implements those that purchasing agrees are justified. 
A) It involves an examination of the function of purchased parts or raw materials. 
B) Its purpose is to reduce costs and/or improve performance of purchased goods or services. 
C) It is usually performed only periodically. 
D) Representatives from design and operations may work with purchasing. 
E) If improvements are identified, purchasing implements those that purchasing agrees are justified.

Question 10

The website and order fulfillment are essential features of

Accepted Answer

A) delayed differentiation. 
B) e-commerce. 
C) Internet service providers. 
D) inventory balancing. 
E) market segmentation. 
A) delayed differentiation. 
B) e-commerce. 
C) Internet service providers. 
D) inventory balancing. 
E) market segmentation.

Question 11

It is especially the case for small businesses that closer interactions and increased agility make __________ relatively more attractive.

Accepted Answer

A) domestic suppliers 
B) centralized purchasing 
C) global suppliers 
D) decentralized purchasing 
E) risk transfer 
A) domestic suppliers 
B) centralized purchasing 
C) global suppliers 
D) decentralized purchasing 
E) risk transfer

Question 12

_____ is the ability of a business to recover from an event that negatively impacts the supply chain.

Accepted Answer

A) Risk avoidance 
B) Risk reduction 
C) Resiliency 
D) Risk sharing 
E) Establishing transparency 
A) Risk avoidance 
B) Risk reduction 
C) Resiliency 
D) Risk sharing 
E) Establishing transparency

Question 13

Logistics includes all of these except

Accepted Answer

A) the movement of materials within a production facility. 
B) incoming shipments of goods or materials. 
C) outgoing shipments of goods or materials. 
D) customer selection. 
E) returned goods processing. 
A) the movement of materials within a production facility. 
B) incoming shipments of goods or materials. 
C) outgoing shipments of goods or materials. 
D) customer selection. 
E) returned goods processing.

Question 14

Returned goods are part of reverse logistics.

Accepted Answer

A) True 
 B)False

Question 15

E-commerce refers to the use of electronic technology to facilitate business transactions.

Accepted Answer

A) True 
 B)False

Question 16

The interface between the firm and its suppliers is

Accepted Answer

A) purchasing. 
B) production. 
C) distribution. 
D) engineering. 
E) accounting. 
A) purchasing. 
B) production. 
C) distribution. 
D) engineering. 
E) accounting.

Question 17

The service function of purchasing interfaces with many areas, including legal, accounting, and engineering functions.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is least likely to be a key consideration when a company chooses a supplier?

Accepted Answer

A) lead time and on-time delivery 
B) reputation and financial stability 
C) current inventory 
D) quality and quality assurance 
E) flexibility of design change 
A) lead time and on-time delivery 
B) reputation and financial stability 
C) current inventory 
D) quality and quality assurance 
E) flexibility of design change

Question 19

Vendor analysis has the greatest potential for savings for items which have

Accepted Answer

A) low cost per unit. 
B) low annual cost-volume. 
C) high cost per unit. 
D) high annual usage. 
E) high annual cost-volume. 
A) low cost per unit. 
B) low annual cost-volume. 
C) high cost per unit. 
D) high annual usage. 
E) high annual cost-volume.

Question 20

The need for risk management increases as globalization of supply chains increases.

Accepted Answer

A) True 
 B)False

The purchasing perspective of the supplier as a partner is characterized by

Event-response capability is the advanced planning required to respond to planned events such as receiving a scheduled shipment.

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

Real-time information about product movement on store shelves could benefit from the use of

This is known as the strategic coordination of the supply chain for the purpose of integrating supply and demand management.

Using third-party fulfillment means losing control of fulfillment.

Our organization can obtain visibility to potential trading partners on the Internet by using

Which of the following is not a key aspect of supply chain management?

Which of the following is not true of vendor analysis?

The website and order fulfillment are essential features of

It is especially the case for small businesses that closer interactions and increased agility make __________ relatively more attractive.

_____ is the ability of a business to recover from an event that negatively impacts the supply chain.

Logistics includes all of these except

Returned goods are part of reverse logistics.

E-commerce refers to the use of electronic technology to facilitate business transactions.

The interface between the firm and its suppliers is

The service function of purchasing interfaces with many areas, including legal, accounting, and engineering functions.

Which of the following is least likely to be a key consideration when a company chooses a supplier?

Vendor analysis has the greatest potential for savings for items which have

The need for risk management increases as globalization of supply chains increases.

Introduction to Operations Management

Competitiveness, Strategy, and Productivity

Forecasting

Product and Service Design

Strategic Capacity Planning for Products and Services

Process Selection and Facility Layout

Work Design and Measurement

Location Planning and Analysis

Management of Quality

Quality Control

Aggregate Planning and Master Scheduling

Inventory Management

MRP and ERP

Jit and Lean Operations

Scheduling

Project Management

Management of Waiting Lines

Linear Programming

Filters

Exam 15: Supply Chain Management

The purchasing perspective of the supplier as a partner is characterized by

Event-response capability is the advanced planning required to respond to planned events such as receiving a scheduled shipment.

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

Real-time information about product movement on store shelves could benefit from the use of

This is known as the strategic coordination of the supply chain for the purpose of integrating supply and demand management.

Using third-party fulfillment means losing control of fulfillment.

Our organization can obtain visibility to potential trading partners on the Internet by using

Which of the following is not a key aspect of supply chain management?

Which of the following is not true of vendor analysis?

The website and order fulfillment are essential features of

It is especially the case for small businesses that closer interactions and increased agility make __________ relatively more attractive.

_____ is the ability of a business to recover from an event that negatively impacts the supply chain.

Logistics includes all of these except

Returned goods are part of reverse logistics.

E-commerce refers to the use of electronic technology to facilitate business transactions.

The interface between the firm and its suppliers is

The service function of purchasing interfaces with many areas, including legal, accounting, and engineering functions.

Which of the following is least likely to be a key consideration when a company chooses a supplier?

Vendor analysis has the greatest potential for savings for items which have

The need for risk management increases as globalization of supply chains increases.

Introduction to Operations Management

Competitiveness, Strategy, and Productivity

Forecasting

Product and Service Design

Strategic Capacity Planning for Products and Services

Process Selection and Facility Layout

Work Design and Measurement

Location Planning and Analysis

Management of Quality

Quality Control

Aggregate Planning and Master Scheduling

Inventory Management

MRP and ERP

Jit and Lean Operations

Scheduling

Project Management

Management of Waiting Lines

Linear Programming

Filters