Question 1

The ________ is an organization that has published principles and standards for ethical supply management conduct.

Accepted Answer

Institute for Supply Management

Question 2

________ postpones final assembly of a product so the distribution channel can assemble it.

Accepted Answer

Channel assembly

Question 3

Keeping a product generic as long as possible before customizing is known as

Accepted Answer

A) postponement. 
B) keiretsu. 
C) vendor-managed inventory. 
D) forward integration. 
E) backward integration. 
A) postponement. 
B) keiretsu. 
C) vendor-managed inventory. 
D) forward integration. 
E) backward integration. A

Question 4

As the firm's strategies vary from low-cost to response to differentiation,how does this impact the criteria used for selection of a supply-chain strategy?

Accepted Answer

The supply chain must support the operat

Question 5

Drop shipping results in time and shipping cost savings.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is true regarding the leverage of supply-chain savings?

Accepted Answer

A) Supply chain leverage is about the same for all industries. 
B) Supply chain savings exert more leverage as the firm's purchases are a smaller percent of sales. 
C) Supply chain savings exert more leverage as the firm has a lower net profit margin. 
D) Supply chain leverage depends only upon the percent of sales spent in the supply chain. 
E) Supply chain savings have no impact on net margin. 
A) Supply chain leverage is about the same for all industries. 
B) Supply chain savings exert more leverage as the firm's purchases are a smaller percent of sales. 
C) Supply chain savings exert more leverage as the firm has a lower net profit margin. 
D) Supply chain leverage depends only upon the percent of sales spent in the supply chain. 
E) Supply chain savings have no impact on net margin.

Question 7

Name three common things that contribute to distortion of information about the supply chain.

Accepted Answer

The occurrences include local

Question 8

Outsourcing

Accepted Answer

A) transfers traditional internal activities to outside vendors. 
B) utilizes the efficiency which comes with specialization. 
C) lets the outsourcing firm focus on its key success factors. 
D) None of the above are true of outsourcing. 
E) All of the above are true of outsourcing. 
A) transfers traditional internal activities to outside vendors. 
B) utilizes the efficiency which comes with specialization. 
C) lets the outsourcing firm focus on its key success factors. 
D) None of the above are true of outsourcing. 
E) All of the above are true of outsourcing.

Question 9

Identify some technological advances that can serve to improve logistics management and also improve shipping security.

Accepted Answer

Several technological advances can serve

Question 10

Developing long-term,"partnering" relationships with a few suppliers is a long-standing American purchasing strategy.

Accepted Answer

A) True 
 B)False

Question 11

A disadvantage of the "few suppliers" strategy is

Accepted Answer

A) the risk of not being ready for technological change. 
B) the lack of cost savings for customers and suppliers. 
C) possible violations of the Sherman Antitrust Act. 
D) the high cost of changing partners. 
E) allowing suppliers to have economies of scale. 
A) the risk of not being ready for technological change. 
B) the lack of cost savings for customers and suppliers. 
C) possible violations of the Sherman Antitrust Act. 
D) the high cost of changing partners. 
E) allowing suppliers to have economies of scale.

Question 12

Improvements in security,especially regarding the millions of shipping containers that enter the U.S.each year,are being held back by the lack of technological advances.

Accepted Answer

A) True 
 B)False

Question 13

TAL Apparel's management of its supply chain for Stafford shirts sold in JCPenney is an example of

Accepted Answer

A) blanket orders. 
B) standardization. 
C) postponement. 
D) lot size reduction. 
E) single stage control of replenishment. 
A) blanket orders. 
B) standardization. 
C) postponement. 
D) lot size reduction. 
E) single stage control of replenishment.

Question 14

A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors.This is an example of

Accepted Answer

A) horizontal integration. 
B) forward integration. 
C) backward integration. 
D) current transformation. 
E) keiretsu. 
A) horizontal integration. 
B) forward integration. 
C) backward integration. 
D) current transformation. 
E) keiretsu.

Question 15

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed

Accepted Answer

A) horizontal integration. 
B) forward integration. 
C) backward integration. 
D) current transformation. 
E) job expansion. 
A) horizontal integration. 
B) forward integration. 
C) backward integration. 
D) current transformation. 
E) job expansion.

Question 16

A company is deciding where to assign its summer intern.The manager estimates that the intern can save $10,000 in the supply chain or increase sales (revenue)by $25,000.If sales (revenue)is divided into the three categories shown in the table where should the manager assign the intern to maximize profits?

Accepted Answer

Intern would save $10,000 in the supply

Question 17

Identify three specific measures that indicate how well assets are utilized.What are the formulas for each measure?

Accepted Answer

Percent invested in inventory = (Total i

Question 18

The supply-chain strategy of ________ increases the willingness to participate in JIT.

Accepted Answer

The answer of The supply-chain strategy of ________ increases the...

Question 19

A company is about to select a vendor for the outsourcing of all of its engineering,environmental,and CAD requirements.It has identified four criteria critical to the selection.These criteria,and their importance weights,appear below.Three firms,A,C,and E,have indicated that they are interested in this position.The company has scored each of the three candidates on these criteria,using a 1-10 scale,where 10 is best.Candidate A scored 7,7,7,and 5 on the four criteria.Candidate C scored 9,4,8,and 6.Candidate E scored 5,10,10,and 7.Which vendor has the highest composite score?

Accepted Answer

The answer of A company is about to select a...

Question 20

In the vendor evaluation phase,most companies will use the same list of criteria and the same criteria weights.

Accepted Answer

A) True 
 B)False

Exam 11: Supply-Chain Management

The ________ is an organization that has published principles and standards for ethical supply management conduct.

________ postpones final assembly of a product so the distribution channel can assemble it.

Keeping a product generic as long as possible before customizing is known as

As the firm's strategies vary from low-cost to response to differentiation,how does this impact the criteria used for selection of a supply-chain strategy?

Drop shipping results in time and shipping cost savings.

Which of the following statements is true regarding the leverage of supply-chain savings?

Name three common things that contribute to distortion of information about the supply chain.

Outsourcing

Identify some technological advances that can serve to improve logistics management and also improve shipping security.

Developing long-term,"partnering" relationships with a few suppliers is a long-standing American purchasing strategy.

A disadvantage of the "few suppliers" strategy is

Improvements in security,especially regarding the millions of shipping containers that enter the U.S.each year,are being held back by the lack of technological advances.

TAL Apparel's management of its supply chain for Stafford shirts sold in JCPenney is an example of

A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors.This is an example of

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed

Identify three specific measures that indicate how well assets are utilized.What are the formulas for each measure?

The supply-chain strategy of ________ increases the willingness to participate in JIT.

In the vendor evaluation phase,most companies will use the same list of criteria and the same criteria weights.

Operations and Productivity

Operations Strategy in a Global Environment

Project Management

Forecasting

Design of Goods and Services

Managing Quality

Statistical Process Control

Process Strategy and Sustainability

Capacity and Constraint Management

Location Strategies

Layout Strategies

Human Resources,job Design,and Work Measurement

Outsourcing As a Supply-Chain Strategy

Inventory Management

Aggregate Planning

Material Requirements Planning Mrpand Erp

Short-Term Scheduling

Jit and Lean Operations

Maintenance and Reliability

Decision-Making Tools

Linear Programming

Transportation Models

Waiting-Line Models

Learning Curves

Simulation

Filters