Question 1

The ________ strategy results in a peak during the discount week,often followed by a steep drop in demand during the following weeks.

Accepted Answer

A)  Everyday low pricing 
B)  High-low pricing 
C)  Fixed price 
D)  Menu pricing 
A)  Everyday low pricing 
B)  High-low pricing 
C)  Fixed price 
D)  Menu pricing B

Question 2

Explain the supply chain decision-making framework and the role of the four major drivers.

Accepted Answer

The goal of a supply chain strategy is to strike the balance between responsiveness and efficiency,resulting in a strategic fit with the competitive strategy.To reach this goal,a company uses the four supply chain drivers discussed earlier.For each of the individual drivers,supply chain managers must make a trade-off between efficiency and responsiveness.The combined impact of these four drivers then determines the responsiveness and efficiency of the entire supply chain.
Most companies begin with a competitive strategy and then decide what their supply chain strategy ought to be.The supply chain strategy determines how the supply chain should perform with respect to efficiency and responsiveness.The supply chain must then use the supply chain drivers to reach the performance level the supply chain strategy dictates.

Question 3

Which of the following is not a major driver of supply chain performance?

Accepted Answer

A)  Customers 
B)  Facilities 
C)  Inventory 
D)  Transportation 
E)  Information 
A)  Customers 
B)  Facilities 
C)  Inventory 
D)  Transportation 
E)  Information A

Question 4

The use of differential pricing over time or customer segments to maximize profits from a limited set of supply chain assets is

Accepted Answer

A)  supply chain coordination. 
B)  forecasting. 
C)  aggregate planning. 
D)  revenue management. 
E)  pricing. 
A)  supply chain coordination. 
B)  forecasting. 
C)  aggregate planning. 
D)  revenue management. 
E)  pricing.

Question 5

Which of the following would be a characteristic of a facility with little excess capacity?

Accepted Answer

A)  Allows a facility to be very flexible and to respond to wide swings in the demands placed on it 
B)  Costs money and therefore can decrease efficiency 
C)  Requires proximity to customers and the rest of the network 
D)  Will likely be more efficient per unit of product it produces 
E)  none of the above 
A)  Allows a facility to be very flexible and to respond to wide swings in the demands placed on it 
B)  Costs money and therefore can decrease efficiency 
C)  Requires proximity to customers and the rest of the network 
D)  Will likely be more efficient per unit of product it produces 
E)  none of the above

Question 6

The data and analysis concerning facilities,inventory,transportation,and customers throughout the supply chain is known as

Accepted Answer

A)  facilities. 
B)  inventory. 
C)  transportation. 
D)  information. 
E)  customers. 
A)  facilities. 
B)  inventory. 
C)  transportation. 
D)  information. 
E)  customers.

Question 7

Which of the following is not a warehousing methodology?

Accepted Answer

A)  Warehouse unit storage 
B)  Stock keeping unit (SKU) storage 
C)  Job lot storage 
D)  Cross-docking 
E)  All of the above are warehousing methodologies. 
A)  Warehouse unit storage 
B)  Stock keeping unit (SKU) storage 
C)  Job lot storage 
D)  Cross-docking 
E)  All of the above are warehousing methodologies.

Question 8

________ measures the incremental costs that are independent of the size of the order.

Accepted Answer

A)  Average sale price 
B)  Incremental variable cost per unit 
C)  Incremental fixed cost per order 
D)  Incremental indirect cost per order 
A)  Average sale price 
B)  Incremental variable cost per unit 
C)  Incremental fixed cost per order 
D)  Incremental indirect cost per order

Question 9

In the textbook,it mentions that Wal-Mart has mandated the use of a specific technology by its top 100 suppliers at the level of product cases.What is the technology?

Accepted Answer

A)  RFID 
B)  ERP 
C)  SCM 
D)  EDI 
A)  RFID 
B)  ERP 
C)  SCM 
D)  EDI

Question 10

The warehousing methodology in which all the different types of products needed to perform a particular job or satisfy a particular type of customer are stored together is

Accepted Answer

A)  warehouse unit storage. 
B)  stock keeping unit (SKU) storage. 
C)  job lot storage. 
D)  cross-docking. 
E)  none of the above 
A)  warehouse unit storage. 
B)  stock keeping unit (SKU) storage. 
C)  job lot storage. 
D)  cross-docking. 
E)  none of the above

Question 11

The two major types of facilities are

Accepted Answer

A)  distribution sites and storage sites. 
B)  production sites and distribution sites. 
C)  production sites and storage sites. 
D)  retail sites and distribution sites. 
E)  distribution sites and inventory sites. 
A)  distribution sites and storage sites. 
B)  production sites and distribution sites. 
C)  production sites and storage sites. 
D)  retail sites and distribution sites. 
E)  distribution sites and inventory sites.

Question 12

The components of inventory decisions include capacity,cycle inventory,safety inventory,seasonal inventory,and sourcing.

Accepted Answer

A) True 
 B)False

Question 13

Which component of the supply chain decision-making framework would be used to reach the performance level dictated by the supply chain strategy?

Accepted Answer

A)  Customer strategy 
B)  Supply chain strategy 
C)  Supply chain structure 
D)  Competitive strategy 
E)  Replenishment strategy 
A)  Customer strategy 
B)  Supply chain strategy 
C)  Supply chain structure 
D)  Competitive strategy 
E)  Replenishment strategy

Question 14

Companies using seasonal inventory will maintain a level inventory increase rate of production for periods of high demand.

Accepted Answer

A) True 
 B)False

Question 15

The major drivers of supply chain performance are customers,facilities,inventory,transportation,and information.

Accepted Answer

A) True 
 B)False

Question 16

Sourcing involves

Accepted Answer

A)  deciding the tasks that will be outsourced and those that will be performed within the firm. 
B)  deciding whether to source from a single supplier or a portfolio of suppliers. 
C)  identifying the set of criterion that will be used to select suppliers and measure their performance. 
D)  selecting suppliers and negotiating contracts with them. 
E)  all of the above 
A)  deciding the tasks that will be outsourced and those that will be performed within the firm. 
B)  deciding whether to source from a single supplier or a portfolio of suppliers. 
C)  identifying the set of criterion that will be used to select suppliers and measure their performance. 
D)  selecting suppliers and negotiating contracts with them. 
E)  all of the above

Question 17

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

Accepted Answer

A)  cycle inventory. 
B)  safety inventory. 
C)  seasonal inventory. 
D)  sourcing. 
E)  none of the above 
A)  cycle inventory. 
B)  safety inventory. 
C)  seasonal inventory. 
D)  sourcing. 
E)  none of the above

Question 18

Stock keeping unit (SKU)storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

Accepted Answer

A) True 
 B)False

Question 19

Explain the role of each of the major drivers of supply chain performance in the competitive strategy.

Accepted Answer

Facilities and their corresponding capac

Question 20

Cycle inventory is used because

Accepted Answer

A)  the world is perfectly predictable. 
B)  demand is uncertain and may exceed expectations. 
C)  it involves making a trade-off between the costs of having too much inventory and the costs of losing sales due to not having enough inventory. 
D)  it focuses on processes that are external to the firm. 
E)  it focuses on processes that are internal to the firm. 
A)  the world is perfectly predictable. 
B)  demand is uncertain and may exceed expectations. 
C)  it involves making a trade-off between the costs of having too much inventory and the costs of losing sales due to not having enough inventory. 
D)  it focuses on processes that are external to the firm. 
E)  it focuses on processes that are internal to the firm.

The ________ strategy results in a peak during the discount week,often followed by a steep drop in demand during the following weeks.

Explain the supply chain decision-making framework and the role of the four major drivers.

Which of the following is not a major driver of supply chain performance?

The use of differential pricing over time or customer segments to maximize profits from a limited set of supply chain assets is

Which of the following would be a characteristic of a facility with little excess capacity?

The data and analysis concerning facilities,inventory,transportation,and customers throughout the supply chain is known as

Which of the following is not a warehousing methodology?

________ measures the incremental costs that are independent of the size of the order.

In the textbook,it mentions that Wal-Mart has mandated the use of a specific technology by its top 100 suppliers at the level of product cases.What is the technology?

The warehousing methodology in which all the different types of products needed to perform a particular job or satisfy a particular type of customer are stored together is

The two major types of facilities are

The components of inventory decisions include capacity,cycle inventory,safety inventory,seasonal inventory,and sourcing.

Which component of the supply chain decision-making framework would be used to reach the performance level dictated by the supply chain strategy?

Companies using seasonal inventory will maintain a level inventory increase rate of production for periods of high demand.

The major drivers of supply chain performance are customers,facilities,inventory,transportation,and information.

Sourcing involves

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

Stock keeping unit (SKU)storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

Explain the role of each of the major drivers of supply chain performance in the competitive strategy.

Cycle inventory is used because

Understanding the Supply Chain

Supply Chain Performance: Achieving Strategic Fit and Scope

Designing Distribution Networks and Applications to E-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Information Technology in a Supply Chain

Sustainability and the Supply Chain

Filters

Exam 3: Supply Chain Drivers and Metrics

The ________ strategy results in a peak during the discount week,often followed by a steep drop in demand during the following weeks.

Explain the supply chain decision-making framework and the role of the four major drivers.

Which of the following is not a major driver of supply chain performance?

The use of differential pricing over time or customer segments to maximize profits from a limited set of supply chain assets is

Which of the following would be a characteristic of a facility with little excess capacity?

The data and analysis concerning facilities,inventory,transportation,and customers throughout the supply chain is known as

Which of the following is not a warehousing methodology?

________ measures the incremental costs that are independent of the size of the order.

In the textbook,it mentions that Wal-Mart has mandated the use of a specific technology by its top 100 suppliers at the level of product cases.What is the technology?

The warehousing methodology in which all the different types of products needed to perform a particular job or satisfy a particular type of customer are stored together is

The two major types of facilities are

The components of inventory decisions include capacity,cycle inventory,safety inventory,seasonal inventory,and sourcing.

Which component of the supply chain decision-making framework would be used to reach the performance level dictated by the supply chain strategy?

Companies using seasonal inventory will maintain a level inventory increase rate of production for periods of high demand.

The major drivers of supply chain performance are customers,facilities,inventory,transportation,and information.

Sourcing involves

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

Stock keeping unit (SKU)storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

Explain the role of each of the major drivers of supply chain performance in the competitive strategy.

Cycle inventory is used because

Understanding the Supply Chain

Supply Chain Performance: Achieving Strategic Fit and Scope

Designing Distribution Networks and Applications to E-Business

Network Design in the Supply Chain

Designing Global Supply Chain Networks

Demand Forecasting in a Supply Chain

Aggregate Planning in a Supply Chain

Sales and Operations Planning: Planning Supply and Demand in a Supply Chain

Coordination in a Supply Chain

Managing Economies of Scale in the Supply Chain: Cycle Inventory

Managing Uncertainty in a Supply Chain: Safety Inventory

Determining the Optimal Level of Product Availability

Transportation in a Supply Chain

Sourcing Decisions in a Supply Chain

Pricing and Revenue Management in a Supply Chain

Information Technology in a Supply Chain

Sustainability and the Supply Chain

Filters