Question 1

A blanket order is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.

Accepted Answer

A) True 
 B)False  True

Question 2

Among which of the following industries are purchasing costs the LOWEST percentage of sales?

Accepted Answer

A) automobiles 
B) petroleum 
C) restaurants 
D) lumber 
E) chemicals 
A) automobiles 
B) petroleum 
C) restaurants 
D) lumber 
E) chemicals C

Question 3

Consider a firm with an annual net income of $20 million,revenue of $60 million and cost of goods sold of $25 million.If the balance sheet amounts show $2 million of inventory and $500,000 of property,plant & equipment,what is the inventory turnover?

Accepted Answer

A) 12.50 
B) 10.00 
C) 42.00 
D) 4.16 
E) 20.00 
A) 12.50 
B) 10.00 
C) 42.00 
D) 4.16 
E) 20.00 A

Question 4

In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?

Accepted Answer

A) traditional 
B) buyer 
C) Dutch 
D) French 
E) Mexican 
A) traditional 
B) buyer 
C) Dutch 
D) French 
E) Mexican

Question 5

Of the four stages of supplier selection,the stage at which the factor weighting approach would be used is ________.

Accepted Answer

The answer of Of the four stages of supplier selection,the...

Question 6

Which one of the following distribution systems offers speed and reliability when emergency supplies are needed overseas?

Accepted Answer

A) trucking 
B) railroads 
C) airfreight 
D) waterways 
E) pipelines 
A) trucking 
B) railroads 
C) airfreight 
D) waterways 
E) pipelines

Question 7

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

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 8

Channel assembly,which sends components and modules to be assembled by a distributor,treats these distributors as manufacturing partners.

Accepted Answer

A) True 
 B)False

Question 9

________ management focuses on the outbound flow of products.

Accepted Answer

The answer of ________ management focuses on the outbound flow...

Question 10

What is a keiretsu?

Accepted Answer

A keiretsu is a network of suppliers who

Question 11

As the number of facilities increases,total logistics costs tend to follow a curve that first declines,then rises.Why?

Accepted Answer

A) Transportation and inventory costs first decline steeply,then rise,while facility costs always rise. 
B) Transportation costs always decline,but eventually the rise in facility and inventory costs outweigh the declining transportation costs. 
C) Facility costs first decline steeply,then rise,while transportation and inventory costs always rise. 
D) Transportation costs first decline steeply,then rise,while facility and inventory costs always rise. 
E) Inventory costs first decline steeply,then rise,while transportation and facility costs always rise. 
A) Transportation and inventory costs first decline steeply,then rise,while facility costs always rise. 
B) Transportation costs always decline,but eventually the rise in facility and inventory costs outweigh the declining transportation costs. 
C) Facility costs first decline steeply,then rise,while transportation and inventory costs always rise. 
D) Transportation costs first decline steeply,then rise,while facility and inventory costs always rise. 
E) Inventory costs first decline steeply,then rise,while transportation and facility costs always rise.

Question 12

Which of the following describes using one supplier for a component and a second supplier for another component,where each supplier acts as a backup for the other?

Accepted Answer

A) outsourcing 
B) dual-sourcing 
C) cross-sourcing 
D) backup-sourcing 
E) parallel-sourcing 
A) outsourcing 
B) dual-sourcing 
C) cross-sourcing 
D) backup-sourcing 
E) parallel-sourcing

Question 13

Japanese manufacturers often pursue a strategy that is part collaboration,part purchasing from a few suppliers,and part vertical integration.What is this approach called?

Accepted Answer

A) kanban 
B) keiretsu 
C) samurai 
D) poka-yoke 
E) kaizen 
A) kanban 
B) keiretsu 
C) samurai 
D) poka-yoke 
E) kaizen

Question 14

Identify the ten opportunities in managing the integrated supply chain.

Accepted Answer

(1)accurate "pull" data; (2)lot size red

Question 15

Keiretsu refers to a company coalition that is part collaboration,part purchasing from many suppliers,and part vertical integration.

Accepted Answer

A) True 
 B)False

Question 16

What are the three classic negotiation strategies? Briefly describe each of them.

Accepted Answer

The three classic strategies for negotia

Question 17

With the "many suppliers" sourcing strategy,the order usually goes to the supplier that offers the highest quality.

Accepted Answer

A) True 
 B)False

Question 18

What is e-procurement?

Accepted Answer

Purchasing

Question 19

Which sourcing strategy is particularly common when the products being sourced are commodities?

Accepted Answer

A) few suppliers 
B) many suppliers 
C) keiretsu 
D) vertical integration 
E) virtual companies 
A) few suppliers 
B) many suppliers 
C) keiretsu 
D) vertical integration 
E) virtual companies

Question 20

________ is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.

Accepted Answer

Vertical i

Exam 11: Supply Chain Management

A blanket order is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.

Among which of the following industries are purchasing costs the LOWEST percentage of sales?

Consider a firm with an annual net income of $20 million,revenue of $60 million and cost of goods sold of $25 million.If the balance sheet amounts show $2 million of inventory and $500,000 of property,plant & equipment,what is the inventory turnover?

In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?

Of the four stages of supplier selection,the stage at which the factor weighting approach would be used is ________.

Which one of the following distribution systems offers speed and reliability when emergency supplies are needed overseas?

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

Channel assembly,which sends components and modules to be assembled by a distributor,treats these distributors as manufacturing partners.

________ management focuses on the outbound flow of products.

What is a keiretsu?

As the number of facilities increases,total logistics costs tend to follow a curve that first declines,then rises.Why?

Which of the following describes using one supplier for a component and a second supplier for another component,where each supplier acts as a backup for the other?

Japanese manufacturers often pursue a strategy that is part collaboration,part purchasing from a few suppliers,and part vertical integration.What is this approach called?

Identify the ten opportunities in managing the integrated supply chain.

Keiretsu refers to a company coalition that is part collaboration,part purchasing from many suppliers,and part vertical integration.

What are the three classic negotiation strategies? Briefly describe each of them.

With the "many suppliers" sourcing strategy,the order usually goes to the supplier that offers the highest quality.

What is e-procurement?

Which sourcing strategy is particularly common when the products being sourced are commodities?

________ is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.

Operations and Productivity

The Global Environment and Operations Strategy

Managing Projects

Forecasting Demand

Product Design

Quality Management and International Standards

Process Design

Location Decisions

Layout Decisions

Job Design and Work Measurement

Managing Inventory

Aggregate Scheduling

Material Requirements Planning Mrpand Erp

Scheduling for the Short-Term

Jit,lean Operations,and the Toyota Production System

Maintenance and Reliability Decisions

Sustainability

Statistical Process Control

Capacity Planning

Supply Chain Modeling

Decision Modeling

Linear Programming Models

Transportation Modeling

Queuing Models

Learning Curves

Modeling with Simulation

Filters