Question 1

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000,which of the following is weeks of supply?

Accepted Answer

A) 45,000 
B) 234 
C) 120 
D) 23.4 
E) 4.5

Question 2

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is weeks of supply?

Accepted Answer

A) 1,040 
B) 606 
C) 104 
D) 60.6 
E) 2.0

Question 3

The optimal strategy for functional products is to use a responsive supply chain

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is an improvement-driven reason for outsourcing?

Accepted Answer

A) Shorten cycle time 
B) Improve effectiveness by focusing on what the firm does best 
C) Increase product and service value by improving response to customer needs 
D) Turn fixed costs into variable costs 
E) Reduce costs through a lower cost structure

Exam 13: Global Sourcing and Procurement

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000,which of the following is weeks of supply?

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000,which of the following is weeks of supply?

The optimal strategy for functional products is to use a responsive supply chain

Which of the following is an improvement-driven reason for outsourcing?