Question 1

Explain the drivers affecting the outsourcing decision.

Accepted Answer

The answer of Explain the drivers affecting the outsourcing decision....

Question 2

Explain the key factors affecting the inventory decision.

Accepted Answer

The answer of Explain the key factors affecting the inventory...

Question 3

Many Western firms have tended to view inventory management as

Accepted Answer

A)  a tactical activity 
B)  strictly operational 
C)  easily outsourced 
D)  none of the above

Question 4

Explain how ABC analysis works.

Accepted Answer

The answer of Explain how ABC analysis works....

Question 5

Discuss 2 potential problems with holding inventory.

Accepted Answer

The answer of Discuss 2 potential problems with holding inventory....

Question 6

What is unacceptable to customers?

Accepted Answer

A)  stock outs / zero inventory 
B)  excess stock 
C)  short lead time 
D)  shipping fees

Question 7

If inventory is managed poorly this will weaken competitive capabilities in terms of:

Accepted Answer

A)  Reduced output 
B)  Delays 
C)  Poor responsiveness 
D)  Increased costs 
E)  All of the above

Question 8

One of the biggest dilemmas involved in an outsourcing initiative is

Accepted Answer

A)  how to mitigate the risk of failure 
B)  how to meet demand 
C)  which country to move operations to 
D)  how to handle HR in a new country

Question 9

Explain the scope of management activities in MRP.

Accepted Answer

The answer of Explain the scope of management activities in...

Question 10

Why has outsourcing operations traditionally failed companies?

Accepted Answer

A)  Partners encounter difficulties that result in contract renegotiation. 
B)  Partners change their initial objectives. 
C)  Partners part without having achieved their objectives. 
D)  Partners prematurely end their arrangements. 
E)  All of the above.

Question 11

Which of the following can be done to reduce inventory?

Accepted Answer

A)  Increase demand variability. 
B)  Improve forecast accuracy. 
C)  Increase the number of produced items. 
D)  Increase order sizes.

Question 12

The need to buffer your delivery system from delays is not a reason for holding inventory.

Accepted Answer

A) True 
 B)False

Question 13

Discuss 2 reasons for holding inventory.

Accepted Answer

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Question 14

The perceived management wisdom between the 1950s and 1980s was that a firm should try to _________ integrate.

Accepted Answer

A)  vertically 
B)  horizontally 
C)  globally 
D)  regionally

Question 15

JIT techniques are used to _______ materials only when needed.

Accepted Answer

A)  pull 
B)  push 
C)  consolidate 
D)  manage

Question 16

JIT is a holistic system that enables improvements to.

Accepted Answer

A)  costs 
B)  cycle times 
C)  delivery times 
D)  quality 
E)  all of the above

Question 17

MRP is derived from all of the following except:

Accepted Answer

A)  master production schedule 
B)  inventory records 
C)  product structure 
D)  lead times 
E)  all of the above are used

Question 18

Explain the drivers affecting outsourcing decisions.

Accepted Answer

The answer of Explain the drivers affecting outsourcing decisions....

Question 19

EOQ identifies:

Accepted Answer

A)  how much to order 
B)  when to place the order 
C)  where to order from 
D)  who should be in charge of ordering

Question 20

The need to buffer operations in the production systems is a reason for holding inventory.

Accepted Answer