Question 1

What are the tasks in the purchasing cycle?

Accepted Answer

Purchasing receives user requirements for an item.Clarify specifications for the item.Determine whether the firm can satisfy the need internally or whether purchasing is appropriate (make or buy decision).If the need will be satisfied by purchasing,determine if competitive bidding or negotiation will be used.Purchasing selects supplier.Purchasing manages relationship with supplier.

Question 2

Which of the following is a way to improve the infrastructure in the supply chain?

Accepted Answer

A) Forward and backward integration 
B) Major process simplification 
C) Setup time reduction 
D) Major product redesign 
E) Outsourcing logistics to a third party 
A) Forward and backward integration 
B) Major process simplification 
C) Setup time reduction 
D) Major product redesign 
E) Outsourcing logistics to a third party C

Question 3

What are the two fundamental processes in all supply chains that are being affected by the Internet?

Accepted Answer

A) Electronic interchange and order placement 
B) Order fulfillment and order placement 
C) B2B and order fulfillment 
D) None of the above 
A) Electronic interchange and order placement 
B) Order fulfillment and order placement 
C) B2B and order fulfillment 
D) None of the above B

Question 4

Which of the following is NOT a form of structural change of the supply chain?

Accepted Answer

A) Forward and backward integration 
B) Changes to information systems 
C) Major process simplification 
D) Outsourcing logistics to a third party 
E) Re-configuring retail locations 
A) Forward and backward integration 
B) Changes to information systems 
C) Major process simplification 
D) Outsourcing logistics to a third party 
E) Re-configuring retail locations

Question 5

List and define the five ways to change supply chain infrastructure.

Accepted Answer

A.Cross-functional teams B.Par

Question 6

______ _______ _______ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.

Accepted Answer

A) Effective consumer response 
B) Effective customer reaction 
C) Effective consumer reply 
D) Efficient consumer response 
E) Efficient consumer reply 
A) Effective consumer response 
B) Effective customer reaction 
C) Effective consumer reply 
D) Efficient consumer response 
E) Efficient consumer reply

Question 7

It is bad to have a negative cash-to-cash cycle as the firm receives cash several days after selling its products.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following statements is NOT true regarding supply chain operations?

Accepted Answer

A) All elements of the supply chain are interconnected and dependent on each other. 
B) Demand changes by the end user can create a bullwhip effect in the supply chain. 
C) With perfect information at all levels of the supply chain,there will not be a bullwhip effect. 
D) Time lags in the supply chain serve to create fluctuations in orders and inventories. 
E) None of the above 
A) All elements of the supply chain are interconnected and dependent on each other. 
B) Demand changes by the end user can create a bullwhip effect in the supply chain. 
C) With perfect information at all levels of the supply chain,there will not be a bullwhip effect. 
D) Time lags in the supply chain serve to create fluctuations in orders and inventories. 
E) None of the above

Question 9

Which of the following statements is NOT true about supply chain dynamics?

Accepted Answer

A) The supply chain is a highly interactive system. 
B) There is an accelerator effect in the supply chain due to replenishment lead-times. 
C) The best way to improve the supply chain is to increase the total replenishment time and to feed back actual demand information to all levels. 
D) The time lags in the supply chain only serve to create fluctuations in orders and inventories. 
E) All of the above statements are true. 
A) The supply chain is a highly interactive system. 
B) There is an accelerator effect in the supply chain due to replenishment lead-times. 
C) The best way to improve the supply chain is to increase the total replenishment time and to feed back actual demand information to all levels. 
D) The time lags in the supply chain only serve to create fluctuations in orders and inventories. 
E) All of the above statements are true.

Question 10

The five measures of supply chain performance are:

Accepted Answer

A) Cost,quality,flexibility,delivery,and time 
B) Cost,quality,time,delivery,and reliability 
C) Inventory,quality,time,delivery,and flexibility 
D) Inventory,cost,quality,time,and delivery 
A) Cost,quality,flexibility,delivery,and time 
B) Cost,quality,time,delivery,and reliability 
C) Inventory,quality,time,delivery,and flexibility 
D) Inventory,cost,quality,time,and delivery

Question 11

Delivery has three measures: on-time delivery,fill rate,and unit cost.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is a form of infrastructure change?

Accepted Answer

A) Process simplification 
B) Product redesign 
C) Changes in information systems 
D) Forward integration 
A) Process simplification 
B) Product redesign 
C) Changes in information systems 
D) Forward integration

Question 13

The objective of infrastructure change is the same as structural change: To remove sources of uncertainty,to reduce replenishment time,and to reduce total cost of supplying the market.

Accepted Answer

A) True 
 B)False

Question 14

Materials handling,transportation,and warehousing fall under:

Accepted Answer

A) Logistics 
B) Purchasing 
C) Demand chain management 
D) Fill rate 
E) None of the above 
A) Logistics 
B) Purchasing 
C) Demand chain management 
D) Fill rate 
E) None of the above

Question 15

Which of the following is NOT true of vertical integration?

Accepted Answer

A) Leads to greater flexibility to changing technology 
B) Can result in a loss of economies of scale 
C) Helps achieve control of the supply chain 
D) Reap profits of the supplier or distributor when there is an attractive return from investment 
A) Leads to greater flexibility to changing technology 
B) Can result in a loss of economies of scale 
C) Helps achieve control of the supply chain 
D) Reap profits of the supplier or distributor when there is an attractive return from investment

Question 16

The design and management of seamless,value-added processes across organizational boundaries to meet the real needs of the end customer is called:

Accepted Answer

A) Demand management 
B) Distribution channel management 
C) Supply chain management 
D) Logistics management 
A) Demand management 
B) Distribution channel management 
C) Supply chain management 
D) Logistics management

Question 17

Demand chain management tries to match supply and demand.

Accepted Answer

A) True 
 B)False

Question 18

The average cash-to-cash cycle is defined as:

Accepted Answer

A) Days in inventory + Days in account receivable + Days in accounts payable 
B) Days in inventory - Days in account receivable + Days in accounts payable 
C) Days in inventory + Days in account receivable - Days in accounts payable 
D) Days in inventory - Days in account receivable - Days in accounts payable 
E) None of the above 
A) Days in inventory + Days in account receivable + Days in accounts payable 
B) Days in inventory - Days in account receivable + Days in accounts payable 
C) Days in inventory + Days in account receivable - Days in accounts payable 
D) Days in inventory - Days in account receivable - Days in accounts payable 
E) None of the above

Question 19

Which of the following is NOT a type of e-procurement?

Accepted Answer

A) Private exchanges 
B) Third party auctions 
C) Online catalogs 
D) Online shopping 
A) Private exchanges 
B) Third party auctions 
C) Online catalogs 
D) Online shopping

Question 20

Which of the following is NOT a specific measure of supply chain performance?

Accepted Answer

A) Quality 
B) Time 
C) Innovation 
D) Delivery 
E) Flexibility 
A) Quality 
B) Time 
C) Innovation 
D) Delivery 
E) Flexibility

What are the tasks in the purchasing cycle?

Which of the following is a way to improve the infrastructure in the supply chain?

What are the two fundamental processes in all supply chains that are being affected by the Internet?

Which of the following is NOT a form of structural change of the supply chain?

List and define the five ways to change supply chain infrastructure.

__ _ _____ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.

It is bad to have a negative cash-to-cash cycle as the firm receives cash several days after selling its products.

Which of the following statements is NOT true regarding supply chain operations?

Which of the following statements is NOT true about supply chain dynamics?

The five measures of supply chain performance are:

Delivery has three measures: on-time delivery,fill rate,and unit cost.

Which of the following is a form of infrastructure change?

The objective of infrastructure change is the same as structural change: To remove sources of uncertainty,to reduce replenishment time,and to reduce total cost of supplying the market.

Materials handling,transportation,and warehousing fall under:

Which of the following is NOT true of vertical integration?

The design and management of seamless,value-added processes across organizational boundaries to meet the real needs of the end customer is called:

Demand chain management tries to match supply and demand.

The average cash-to-cash cycle is defined as:

Which of the following is NOT a type of e-procurement?

Which of the following is NOT a specific measure of supply chain performance?

The Operations Function

Operations and Supply Chain Strategy

Product Design

Process Selection

Service Process Design

Process-Flow Analysis

Lean Thinking and Lean Systems

Managing Quality

Quality Control and Improvement

Forecasting

Capacity Planning

Scheduling Operations

Project Planning and Scheduling

Independent Demand Inventory

Materials Requirements Planning and ERP

Filters

Exam 10: Supply Chain Management

What are the tasks in the purchasing cycle?

Which of the following is a way to improve the infrastructure in the supply chain?

What are the two fundamental processes in all supply chains that are being affected by the Internet?

Which of the following is NOT a form of structural change of the supply chain?

List and define the five ways to change supply chain infrastructure.

______ _______ _______ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.

It is bad to have a negative cash-to-cash cycle as the firm receives cash several days after selling its products.

Which of the following statements is NOT true regarding supply chain operations?

Which of the following statements is NOT true about supply chain dynamics?

The five measures of supply chain performance are:

Delivery has three measures: on-time delivery,fill rate,and unit cost.

Which of the following is a form of infrastructure change?

The objective of infrastructure change is the same as structural change: To remove sources of uncertainty,to reduce replenishment time,and to reduce total cost of supplying the market.

Materials handling,transportation,and warehousing fall under:

Which of the following is NOT true of vertical integration?

The design and management of seamless,value-added processes across organizational boundaries to meet the real needs of the end customer is called:

Demand chain management tries to match supply and demand.

The average cash-to-cash cycle is defined as:

Which of the following is NOT a type of e-procurement?

Which of the following is NOT a specific measure of supply chain performance?

The Operations Function

Operations and Supply Chain Strategy

Product Design

Process Selection

Service Process Design

Process-Flow Analysis

Lean Thinking and Lean Systems

Managing Quality

Quality Control and Improvement

Forecasting

Capacity Planning

Scheduling Operations

Project Planning and Scheduling

Independent Demand Inventory

Materials Requirements Planning and ERP

Filters

__ _ _____ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.