Exam 15: Supply Chain Management

Bullwhip effect refers to a phenomenon that demand variations that exist at the customer end of the supply chain are magnified as orders are generated back through the supply chain.

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

RFID eliminates the need for counting and bar-code scanning.

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

Vendor analysis is the process that evaluates the source of supply in terms of price, quality, reputation, and service.

The two types of decisions that are relevant to supply chain management are:

Last quarter, a retailer sold 8,000 t-shirts, 7,000 of which were sold directly from on-hand inventory.This retailer's ________ was 88%.

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

Which of the following is not a performance driver?

A factor that makes it desirable for business organizations to actively manage their supply chains is:

E-commerce involves business-to-business (B2B) interaction only.

Outsourcing logistics gives a company less flexibility because it forces them to focus more on core businesses.

Decentralized purchasing can usually offer quicker response than centralized purchasing.

Price is the primary determining factor in choosing a vendor since most products are essentially the same.

The importance of purchasing is the cost of goods purchased, the quality of goods and services, and the timing of deliveries of goods or services.

The design of the supply chain and establishing partnerships with vendors and distributors are examples of operating issues in a supply chain.

A given inventory item has a per-year holding cost of $500.One method of shipping this item is three days faster than the other, but it is $2.50 more per unit.Using the slower method would be __________ more expensive overall than using the faster method.

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

Creating an effective supply chain requires linking the marketing, distribution, and supplier channels.

Scheduling and maintaining equipment are operational decisions.