Question 1

A supply chain consists of an integrated group of processes to source,make,and store products.

Accepted Answer

A) True 
 B)False  False

Question 2

The bullwhip effect occurs when slight to moderate demand variability becomes magnified as demand information is transmitted back upstream.

Accepted Answer

A) True 
 B)False  True

Question 3

Supply chain management focuses on integrating and managing the flow of manufactured goods,services and related information.

Accepted Answer

A) True 
 B)False  True

Question 4

Enterprise Resource Planning ERP)is software that helps integrate many of the supply chain components by sharing and organizing information and data among supply chain members.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not one of the three key performance indicators KPI)used to measure supply chain performance?

Accepted Answer

A) inventory turnover 
B) postponement rate 
C) inventory days of supply 
D) fill rate 
A) inventory turnover 
B) postponement rate 
C) inventory days of supply 
D) fill rate

Question 6

A company that produces printer cartridges had cost of goods sold last year of $629,462,423.The average value of inventory for raw materials,work-in-process,and finished goods are shown in the table below:
 
If the company operates 50 weeks per year then the number of inventory turns would be

Accepted Answer

A) 3.720 
B) 2.493 
C) 13.4546 
D) 28.33 
A) 3.720 
B) 2.493 
C) 13.4546 
D) 28.33

Question 7

Suppliers and customers rarely participate in the design of a supply chain.

Accepted Answer

A) True 
 B)False

Question 8

_______________________ is not a perceived advantage of radio frequency identification RFID)technology.

Accepted Answer

A) Loss of personal privacy 
B) Reduced stock-outs 
C) Prevention of fraud or theft 
D) Lower distribution costs 
A) Loss of personal privacy 
B) Reduced stock-outs 
C) Prevention of fraud or theft 
D) Lower distribution costs

Question 9

Increasing supply chain transparency only magnifies the bullwhip effect.

Accepted Answer

A) True 
 B)False

Question 10

Supply chain management focuses on integrating and managing the flow of

Accepted Answer

A) services. 
B) information. 
C) goods. 
D) all the above. 
A) services. 
B) information. 
C) goods. 
D) all the above.

Question 11

Globalization and advances in information technology are primary reasons why supply chain management has become a competitive priority for companies.

Accepted Answer

A) True 
 B)False

Question 12

The suppliers in a supply chain are referred to as ______________ supply chain members.

Accepted Answer

A) downstream 
B) midstream 
C) upstream 
D) none of the above. 
A) downstream 
B) midstream 
C) upstream 
D) none of the above.

Question 13

Which of the following is not a key performance indicator used in supply chain management?

Accepted Answer

A) Fill rate 
B) Days of supply 
C) Cost of goods 
D) Inventory turns. 
A) Fill rate 
B) Days of supply 
C) Cost of goods 
D) Inventory turns.

Question 14

Who are the upstream and downstream supply chain members?

Accepted Answer

The supply chain begins with suppliers.T

Question 15

A computer-to-computer exchange of business documents in a standard format is known as

Accepted Answer

A) e-business. 
B) electronic data interchange EDI). 
C) radio frequency identification RFI
D) . 
D) point-of-sale data. 
A) e-business. 
B) electronic data interchange EDI). 
C) radio frequency identification RFI
D) . 
D) point-of-sale data.

Question 16

All the following are approaches used in risk pooling within a supply chain except

Accepted Answer

A) reducing the number and variety of parts. 
B) creating flexible capacity. 
C) encouraging large orders. 
D) combining inventories from multiple locations into one location. 
A) reducing the number and variety of parts. 
B) creating flexible capacity. 
C) encouraging large orders. 
D) combining inventories from multiple locations into one location.

Question 17

A company that produces specialized video equipment had cost of goods sold last year of $127,000,000.The average value of inventory for raw materials,work-in-process,and finished goods are shown in the table below:
 
If the company operates 50 weeks per year then the weeks of supply in inventory would be

Accepted Answer

A) 4.898 
B) 0.098 
C) 10.209 
D) 35.75 
A) 4.898 
B) 0.098 
C) 10.209 
D) 35.75

Question 18

List and define four information technology supply chain enablers.

Accepted Answer

Some of the more important supply chain

Question 19

List and explain the three key supply chain performance indicators.

Accepted Answer

Students should addr

Question 20

All the following are enablers of efficient supply chain management except

Accepted Answer

A) bar codes. 
B) price tags. 
C) RFID tags. 
D) the Internet. 
A) bar codes. 
B) price tags. 
C) RFID tags. 
D) the Internet.

Exam 10: Supply Chain Management: Strategy and Design

A supply chain consists of an integrated group of processes to source,make,and store products.

The bullwhip effect occurs when slight to moderate demand variability becomes magnified as demand information is transmitted back upstream.

Supply chain management focuses on integrating and managing the flow of manufactured goods,services and related information.

Enterprise Resource Planning ERP)is software that helps integrate many of the supply chain components by sharing and organizing information and data among supply chain members.

Which of the following is not one of the three key performance indicators KPI)used to measure supply chain performance?

A company that produces printer cartridges had cost of goods sold last year of $629,462,423.The average value of inventory for raw materials,work-in-process,and finished goods are shown in the table below: If the company operates 50 weeks per year then the number of inventory turns would be

Suppliers and customers rarely participate in the design of a supply chain.

_______________________ is not a perceived advantage of radio frequency identification RFID)technology.

Increasing supply chain transparency only magnifies the bullwhip effect.

Supply chain management focuses on integrating and managing the flow of

Globalization and advances in information technology are primary reasons why supply chain management has become a competitive priority for companies.

The suppliers in a supply chain are referred to as ______________ supply chain members.

Which of the following is not a key performance indicator used in supply chain management?

Who are the upstream and downstream supply chain members?

A computer-to-computer exchange of business documents in a standard format is known as

All the following are approaches used in risk pooling within a supply chain except

List and define four information technology supply chain enablers.

List and explain the three key supply chain performance indicators.

All the following are enablers of efficient supply chain management except

Operations Management

Quality Management

Statistical Quality Control

Product Design

Service Design

Processes and Technology

Scheduling

Capacity and Facilities

Human Resources

Project Management

Global Supply Chain Procurement and Distribution

Forecasting

Inventory Management

Operational Decision-Making Tools: Simulation

Operational Decision-Making Tools: Linear Programming

The Sales and Operations Planning Process

Resource Planning

Lean Systems

Operational Decision-Making Tools: Decision Analysis

Operational Decision-Making Tools: Acceptance Sampling

Decision-Making Tools: Facility Location Models

Operational Decision-Making Tools: Work Measurement

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