Question 1

List three concepts used by supply chain managers in an attempt to make a firm more flexible and responsive to customers' changing needs:

Accepted Answer

None

Question 2

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.​

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is similar to a travel agent for cargo since they provide services like documentation completion,special rate handling,and customs clearance,in addition to their consolidating of small shipments to fill entire truckloads?

Accepted Answer

A) Transportation Broker 
B) Freight Forwarder 
C) Shippers' Association 
D) Integrated Logistics Service Provider 
A) Transportation Broker 
B) Freight Forwarder 
C) Shippers' Association 
D) Integrated Logistics Service Provider

Question 4

Public warehouses can provide a wide range of services.Which of the following is NOT one of the services offered by public warehouses?

Accepted Answer

A) Breakbulk 
B) Assembly 
C) Repackaging 
D) High security shipment 
A) Breakbulk 
B) Assembly 
C) Repackaging 
D) High security shipment

Question 5

According to the textbook,environmental and social impacts are considered outside of supply chain management.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is not one of the four enablers of purchasing and supply chain management?​

Accepted Answer

A) Sufficient cash flow and large on-hand cash deposits. 
B) Capable human resources. 
C) Proper organizational design. 
D) Real-time collaborative technology capabilities. 
E) Right measures and measurement systems. 
A) Sufficient cash flow and large on-hand cash deposits. 
B) Capable human resources. 
C) Proper organizational design. 
D) Real-time collaborative technology capabilities. 
E) Right measures and measurement systems.

Question 7

Because air transport is so expensive the best cargo candidates for air travel are those cargo shipments with a high cost to weight ratio.

Accepted Answer

A) True 
 B)False

Question 8

The following is an example of the bullwhip effect:

Accepted Answer

A) Barkley's produces a defective product and thus realizes an excessive increase in consumer returns 
B) Barkley's products are so successful that it adds a new retailer for distribution 
C) Barkley's incorrectly anticipates consumer demand resulting in stockouts at several popular retailers 
D) Barkley's is unhappy with the performance of a distributor which causes a chain-reaction of replacements to companies involved in its supply chain 
A) Barkley's produces a defective product and thus realizes an excessive increase in consumer returns 
B) Barkley's products are so successful that it adds a new retailer for distribution 
C) Barkley's incorrectly anticipates consumer demand resulting in stockouts at several popular retailers 
D) Barkley's is unhappy with the performance of a distributor which causes a chain-reaction of replacements to companies involved in its supply chain

Question 9

Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services.

Accepted Answer

A) True 
 B)False

Question 10

List the four elements of supply chain management and provide a short explanation of each of the four elements.What types of failures might each of those elements create within the supply chain? Why might those results be linked to errors in a particular element?

Accepted Answer

​Note: While the descriptions of each of

Question 11

Cost management is no longer an integral part of purchasing and supply chain management.​

Accepted Answer

A) True 
 B)False

Question 12

Limitations of air carrier transport include cost and airport accessibility.

Accepted Answer

A) True 
 B)False

Question 13

According to Michael Porter,a firm's _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.

Accepted Answer

A) supply chain 
B) process 
C) value chain 
D) marketing channel 
E) core competency 
A) supply chain 
B) process 
C) value chain 
D) marketing channel 
E) core competency

Question 14

Which of the following would be considered an act of deregulation?

Accepted Answer

A) Reed Bullwinkle act − legalized rate bureaus or conferences 
B) Granger law − Established maximum rates, prohibited discrimination, and forbade mergers for railroads. 
C) Trucking Industry Regulatory Reform Act − Motor carriers freed from filing rates with the Interstate Commerce Commission 
D) Freight Forwarders Act − Allowed Interstate Commerce Commission control over freight forwarders; controlled entry, rates, and services. 
A) Reed Bullwinkle act − legalized rate bureaus or conferences 
B) Granger law − Established maximum rates, prohibited discrimination, and forbade mergers for railroads. 
C) Trucking Industry Regulatory Reform Act − Motor carriers freed from filing rates with the Interstate Commerce Commission 
D) Freight Forwarders Act − Allowed Interstate Commerce Commission control over freight forwarders; controlled entry, rates, and services.

Question 15

Formal organizational charts portray the entirety of the workings of an organization.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following was a popular way in the 1990's of developing radically new business processes in an effort to reduce waste and increase performance?

Accepted Answer

A) Business process reengineering 
B) Benchmarking 
C) Process integration 
D) Vertical integration 
A) Business process reengineering 
B) Benchmarking 
C) Process integration 
D) Vertical integration

Question 17

According to the textbook,the order of product & service flow is as follows:​

Accepted Answer

A) Raw material supplier, retailer, component manufacturer, wholesale distributor, end product manufacturer, end-product consumer 
B) Raw material supplier, component manufacturer, retailer, wholesale distributor, end product manufacturer, end-product consumer 
C) Component manufacturer, raw material supplier, retailer, wholesale distributor, end product manufacturer, end-product consumer 
D) Raw material supplier, component manufacturer, end product manufacturer, wholesale distributor, retailer, end-product consumer 
A) Raw material supplier, retailer, component manufacturer, wholesale distributor, end product manufacturer, end-product consumer 
B) Raw material supplier, component manufacturer, retailer, wholesale distributor, end product manufacturer, end-product consumer 
C) Component manufacturer, raw material supplier, retailer, wholesale distributor, end product manufacturer, end-product consumer 
D) Raw material supplier, component manufacturer, end product manufacturer, wholesale distributor, retailer, end-product consumer

Question 18

_____ are those items provided by suppliers and used directly during production or service delivery.

Accepted Answer

A) Direct materials 
B) Indirect materials 
C) Indirect services 
D) Internal materials 
E) Vendor managed inventories 
A) Direct materials 
B) Indirect materials 
C) Indirect services 
D) Internal materials 
E) Vendor managed inventories

Question 19

Which of the following international intermediaries helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation?

Accepted Answer

A) Customs broker 
B) Foreign freight forwarder 
C) Trading company 
D) NVOCC 
A) Customs broker 
B) Foreign freight forwarder 
C) Trading company 
D) NVOCC

Question 20

Recent research indicates that all of the following are top knowledge areas for purchasers except _____.

Accepted Answer

A) supplier relationship management 
B) total cost analysis 
C) supplier analysis 
D) consumer behavior 
E) competitive market analysis 
A) supplier relationship management 
B) total cost analysis 
C) supplier analysis 
D) consumer behavior 
E) competitive market analysis

List three concepts used by supply chain managers in an attempt to make a firm more flexible and responsive to customers' changing needs:

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

Which of the following is similar to a travel agent for cargo since they provide services like documentation completion,special rate handling,and customs clearance,in addition to their consolidating of small shipments to fill entire truckloads?

Public warehouses can provide a wide range of services.Which of the following is NOT one of the services offered by public warehouses?

According to the textbook,environmental and social impacts are considered outside of supply chain management.

Which of the following is not one of the four enablers of purchasing and supply chain management?

Because air transport is so expensive the best cargo candidates for air travel are those cargo shipments with a high cost to weight ratio.

The following is an example of the bullwhip effect:

Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services.

List the four elements of supply chain management and provide a short explanation of each of the four elements.What types of failures might each of those elements create within the supply chain? Why might those results be linked to errors in a particular element?

Cost management is no longer an integral part of purchasing and supply chain management.

Limitations of air carrier transport include cost and airport accessibility.

According to Michael Porter,a firm's _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.

Which of the following would be considered an act of deregulation?

Formal organizational charts portray the entirety of the workings of an organization.

Which of the following was a popular way in the 1990's of developing radically new business processes in an effort to reduce waste and increase performance?

According to the textbook,the order of product & service flow is as follows:

_____ are those items provided by suppliers and used directly during production or service delivery.

Which of the following international intermediaries helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation?

Recent research indicates that all of the following are top knowledge areas for purchasers except _____.

Purchasing Management

Creating and Managing Supplier Relationship

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

Exam 1: Introduction to Supply Chain Management

List three concepts used by supply chain managers in an attempt to make a firm more flexible and responsive to customers' changing needs:

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.​

Which of the following is similar to a travel agent for cargo since they provide services like documentation completion,special rate handling,and customs clearance,in addition to their consolidating of small shipments to fill entire truckloads?

Public warehouses can provide a wide range of services.Which of the following is NOT one of the services offered by public warehouses?

According to the textbook,environmental and social impacts are considered outside of supply chain management.

Which of the following is not one of the four enablers of purchasing and supply chain management?​

Because air transport is so expensive the best cargo candidates for air travel are those cargo shipments with a high cost to weight ratio.

The following is an example of the bullwhip effect:

Risk pooling is a strategy that attempts to use fewer warehouses to decrease the required safety stock levels since the negatively correlated market demands reduce the overall demand variance across the markets which the centralized warehouse services.

List the four elements of supply chain management and provide a short explanation of each of the four elements.What types of failures might each of those elements create within the supply chain? Why might those results be linked to errors in a particular element?

Cost management is no longer an integral part of purchasing and supply chain management.​

Limitations of air carrier transport include cost and airport accessibility.

According to Michael Porter,a firm's _____ is composed of primary and secondary support activities that can lead to competitive advantage when configured properly.

Which of the following would be considered an act of deregulation?

Formal organizational charts portray the entirety of the workings of an organization.

Which of the following was a popular way in the 1990's of developing radically new business processes in an effort to reduce waste and increase performance?

According to the textbook,the order of product & service flow is as follows:​

_____ are those items provided by suppliers and used directly during production or service delivery.

Which of the following international intermediaries helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation?

Recent research indicates that all of the following are top knowledge areas for purchasers except _____.

Purchasing Management

Creating and Managing Supplier Relationship

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

The availability of low-cost domestic supplier alternatives has led to the shift away from outsourcing and offshoring.

Which of the following is not one of the four enablers of purchasing and supply chain management?

Cost management is no longer an integral part of purchasing and supply chain management.

According to the textbook,the order of product & service flow is as follows: