Question 1

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. A

Question 2

RFID eliminates the need for manual counting and bar-code scanning of goods at receiving docks.

Accepted Answer

A) True 
 B)False  True

Question 3

Strategies to address supply chain risks include:
(I) risk avoidance.
(II) risk reduction.
(III) risk projection.
(IV) risk sharing.

Accepted Answer

A)  I, II, and IV only 
B)  II and III only 
C)  I and IV only 
D)  II and IV only 
E)  I, II, III, and IV 
A)  I, II, and IV only 
B)  II and III only 
C)  I and IV only 
D)  II and IV only 
E)  I, II, III, and IV A

Question 4

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

Question 5

Centralized or decentralized purchasing is directly related to the size of an organization.

Accepted Answer

A) True 
 B)False

Question 6

Global supply chains make purchasing easier because there are more options.

Accepted Answer

A) True 
 B)False

Question 7

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 8

In purchasing, one's only ethical obligation is to one's suppliers.

Accepted Answer

A) True 
 B)False

Question 9

One of the biggest ethical risks in supply chain management is that the __________ supply chain member tends to be the one that suffers the blame and/or lost goodwill when something goes wrong.

Accepted Answer

A)  most responsible 
B)  buying 
C)  most visible 
D)  supplying 
E)  most ethical 
A)  most responsible 
B)  buying 
C)  most visible 
D)  supplying 
E)  most ethical

Question 10

In supply chain organizations, functions must operate independently of each other.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not a benefit of effective supply chain management?

Accepted Answer

A)  lower inventory costs 
B)  higher productivity 
C)  shorter lead times 
D)  greater customer loyalty 
E)  larger number of suppliers 
A)  lower inventory costs 
B)  higher productivity 
C)  shorter lead times 
D)  greater customer loyalty 
E)  larger number of suppliers

Question 12

A company's supply chain involves the flow of materials and information from suppliers, through production, to the end users.

Accepted Answer

A) True 
 B)False

Question 13

Most people working for a business organization are somehow involved with the supply chain of that business.

Accepted Answer

A) True 
 B)False

Question 14

Every business organization is part of at least one supply chain.

Accepted Answer

A) True 
 B)False

Question 15

RFID chips:
(I) are used to track goods in distribution.
(II) are used to track job progress in production.
(III) are used to provide special instructions to operators.
(IV) can be used in inventory record keeping.

Accepted Answer

A)  II and III only 
B)  I and II only 
C)  II, III, and IV 
D)  I, II, and IV 
E)  IV only 
A)  II and III only 
B)  I and II only 
C)  II, III, and IV 
D)  I, II, and IV 
E)  IV only

Question 16

The automatic identification of material is part of/facilitated by:

Accepted Answer

A)  holding costs. 
B)  RFID. 
C)  working capital reduction. 
D)  net present value calculations. 
E)  vendor analysis. 
A)  holding costs. 
B)  RFID. 
C)  working capital reduction. 
D)  net present value calculations. 
E)  vendor analysis.

Question 17

Which of the following is a barrier to the integration of separate organizations in the supply chain?
(I) conflicting objectives of the companies in the chain
(II) different capacity levels of the companies in the chain
(III) reluctance of the organizations in the chain to allow other organizations access to their data

Accepted Answer

A)  I only 
B)  I and II 
C)  II and III 
D)  I and III 
E)  I, II, and III 
A)  I only 
B)  I and II 
C)  II and III 
D)  I and III 
E)  I, II, and III

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

Which of the following would not usually be a main factor in selecting a vendor?

Accepted Answer

A)  location 
B)  price 
C)  quality 
D)  inventory turnover 
E)  vendor services 
A)  location 
B)  price 
C)  quality 
D)  inventory turnover 
E)  vendor services

Question 20

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

Accepted Answer

A) True 
 B)False

Exam 21: Supply Chain Management

The interface between the firm and its suppliers is:

RFID eliminates the need for manual counting and bar-code scanning of goods at receiving docks.

Strategies to address supply chain risks include: (I) risk avoidance. (II) risk reduction. (III) risk projection. (IV) risk sharing.

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

Centralized or decentralized purchasing is directly related to the size of an organization.

Global supply chains make purchasing easier because there are more options.

The website and order fulfillment are essential features of:

In purchasing, one's only ethical obligation is to one's suppliers.

One of the biggest ethical risks in supply chain management is that the __________ supply chain member tends to be the one that suffers the blame and/or lost goodwill when something goes wrong.

In supply chain organizations, functions must operate independently of each other.

Which of the following is not a benefit of effective supply chain management?

A company's supply chain involves the flow of materials and information from suppliers, through production, to the end users.

Most people working for a business organization are somehow involved with the supply chain of that business.

Every business organization is part of at least one supply chain.

RFID chips: (I) are used to track goods in distribution. (II) are used to track job progress in production. (III) are used to provide special instructions to operators. (IV) can be used in inventory record keeping.

The automatic identification of material is part of/facilitated by:

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

Which of the following would not usually be a main factor in selecting a vendor?

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

Introduction to Operations Management

Competitiveness

Forecasting

Product and Service Design

RELIABILITY – Static

Strategic Capacity Planning for Products and Services

Decision Theory– Static

Process Selection and Facility Layout

Work Design and Measurement

learning curve– Static

Location Planning and Analysis

The Transportation Model– Static

Management of Quality

Quality Control

Acceptance Sampling– Static

Aggregate Planning and Master Scheduling

MRP and ERP

Inventory Management

JIT and Lean Operations

Maintenance– Static

Scheduling

Project Management

Management of Waiting Lines

Linear Programming

Filters