Question 1

What are some factors that might lead a company to make a product or component internally rather than purchase it?

Accepted Answer

Lower-cost
Assurance of availa...

Question 2

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

Accepted Answer

A) True 
 B)False

Question 3

Discuss the trade-offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse,distribution center,wholesaler,or retailers.

Accepted Answer

When inventory is located at the factory...

Question 4

Compare and contrast efficient versus responsive supply chains.

Accepted Answer

The purpose of efficient supply chains i...

Question 5

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

Accepted Answer

A) True 
 B)False

Question 6

It is recommended that a firm in the higher echelon of an efficient supply chain have

Accepted Answer

A)   delivery by air.
B)   high-capacity cushions.
C)   low inventory investments.
D)   low-capacity utilization.E) All of the above
F) B) and C)

Question 7

A firm in the higher echelon of an efficient supply chain is likely to have

Accepted Answer

A)   high-capacity utilization.
B)   low inventory turns.
C)   high-capacity cushions.
D)   a flexible flow process.E) A) and D)
F) All of the above

Question 8

Of the following measures of supply chain performance,which is likely to have the most direct and measurable impact on a company's financial performance based on the reduction in the level of working capital required?

Accepted Answer

A)   percentage of suppliers' deliveries received on time
B)   percentage of incomplete orders shipped
C)   customer satisfaction with the order-fulfillment process
D)   time required to fulfill ordersE) B) and C)
F) All of the above

Question 9

Efficient supply chains work best when contribution margins are high.

Accepted Answer

A) True 
 B)False

Question 10

List and describe typical disruptions to the internal supply chain.

Accepted Answer

Typical disputations include internally ...

Question 11

Because of the bull-whip effect,ordering patterns in supply chains typically show less variance the further upstream you move in the supply chain.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following statements does NOT represent a positive link between supply chain performance and the financial status of a firm?

Accepted Answer

A)   Lowering the cost of purchased materials reduces the level of working capital required and has a positive impact on the contribution margin.
B)   Reduced inventory levels result in an increase in the percentage of partial orders shipped and an increased inventory turnover ratio.
C)   Percentage of orders shipped on time reduces the level of working capital required and supports increased sales.
D)   Reducing supplier lead times reduces the level of working capital required.E) C) and D)
F) B) and D)

Question 13

Make-to-stock firms tend to use the postponement tactic.

Accepted Answer

A) True 
 B)False

Question 14

The average inventory at Hamilton Industries,comprising raw materials,work-in-process,and finished goods,was found to be $17.2 million last year.If the cost of goods sold per week averaged $1.32 million,what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year.

Accepted Answer

A)   less than or equal to 3.50
B)   greater than or equal to 3.50 but less than 3.75
C)   greater than or equal to 3.75 but less than 4.00
D)   greater than or equal to 4.00E) B) and C)
F) A) and D)

Question 15

Which of the following is an advantage of the postponement technique?

Accepted Answer

A)   reduction in automation
B)   better quality of the product
C)   reduction in training costs
D)   reduction in inventory investmentE) B) and D)
F) None of the above

Question 16

What are the different types of e-purchasing?

Accepted Answer

Different approaches...

Question 17

The finished goods of one firm may actually be the raw materials for another firm.

Accepted Answer

A) True 
 B)False

Question 18

Value analysis is a systematic effort to reduce the cost or improve the performance of products or services.

Accepted Answer

A) True 
 B)False

Question 19

The basic purpose of supply chain management is to

Accepted Answer

A)   create an exclusive set of suppliers who will not supply your competitors.
B)   link your customers together so that the flow of materials remains under control.
C)   synchronize the operations of all suppliers with those of purchasing, production, distribution, and customers.
D)   reduce the inventory by proper selection of customers and transportation modes.E) B) and C)
F) A) and D)

Question 20

Postponement is an organizational concept whereby members of the distribution channel are used as if they were assembly stations in the factory.

Accepted Answer

A) True 
 B)False

Exam 2: Supply Chain Management

Which of the following is an advantage of the postponement technique?

Correct Answer
verified

Value analysis is a systematic effort to reduce the cost or improve the performance of products or services.

Correct Answer
verified

Postponement is an organizational concept whereby members of the distribution channel are used as if they were assembly stations in the factory.

Correct Answer
verified

A firm in the higher echelon of an efficient supply chain is likely to have

Correct Answer
verified

Efficient supply chains work best when contribution margins are high.

Correct Answer
verified

It is recommended that a firm in the higher echelon of an efficient supply chain have

Correct Answer
verified

Correct Answer
verified

The basic purpose of supply chain management is to

Correct Answer
verified

The finished goods of one firm may actually be the raw materials for another firm.

Correct Answer
verified

Which of the following statements does NOT represent a positive link between supply chain performance and the financial status of a firm?

Correct Answer
verified

Discuss the trade-offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse,distribution center,wholesaler,or retailers.

Correct Answer
verified
When inventory is located at the factory...
View Answer

What are some factors that might lead a company to make a product or component internally rather than purchase it?

Correct Answer
verified
Lower-cost
Assurance of availa...
View Answer

Make-to-stock firms tend to use the postponement tactic.

Correct Answer
verified

Because of the bull-whip effect,ordering patterns in supply chains typically show less variance the further upstream you move in the supply chain.

Correct Answer
verified

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

Correct Answer
verified

Of the following measures of supply chain performance,which is likely to have the most direct and measurable impact on a company's financial performance based on the reduction in the level of working capital required?

Correct Answer
verified

List and describe typical disruptions to the internal supply chain.

Correct Answer
verified
Typical disputations include internally ...
View Answer

What are the different types of e-purchasing?

Correct Answer
verified
Different approaches...
View Answer

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

Correct Answer
verified

Compare and contrast efficient versus responsive supply chains.

Correct Answer
verified
The purpose of efficient supply chains i...
View Answer

Exam 2: Supply Chain Management

Which of the following is an advantage of the postponement technique?

Correct AnswerverifiedShow Answer

Value analysis is a systematic effort to reduce the cost or improve the performance of products or services.

Correct AnswerverifiedShow Answer

Postponement is an organizational concept whereby members of the distribution channel are used as if they were assembly stations in the factory.

Correct AnswerverifiedShow Answer

A firm in the higher echelon of an efficient supply chain is likely to have

Correct AnswerverifiedShow Answer

Efficient supply chains work best when contribution margins are high.

Correct AnswerverifiedShow Answer

It is recommended that a firm in the higher echelon of an efficient supply chain have

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The basic purpose of supply chain management is to

Correct AnswerverifiedShow Answer

The finished goods of one firm may actually be the raw materials for another firm.

Correct AnswerverifiedShow Answer

Which of the following statements does NOT represent a positive link between supply chain performance and the financial status of a firm?

Correct AnswerverifiedShow Answer

Discuss the trade-offs with locating the inventory at the factory versus locating it closer to the customer at a warehouse,distribution center,wholesaler,or retailers.

Correct AnswerverifiedWhen inventory is located at the factory...View AnswerShow Answer

What are some factors that might lead a company to make a product or component internally rather than purchase it?

Correct AnswerverifiedLower-costAssurance of availa...View AnswerShow Answer

Make-to-stock firms tend to use the postponement tactic.

Correct AnswerverifiedShow Answer

Because of the bull-whip effect,ordering patterns in supply chains typically show less variance the further upstream you move in the supply chain.

Correct AnswerverifiedShow Answer

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

Correct AnswerverifiedShow Answer

Of the following measures of supply chain performance,which is likely to have the most direct and measurable impact on a company's financial performance based on the reduction in the level of working capital required?

Correct AnswerverifiedShow Answer

List and describe typical disruptions to the internal supply chain.

Correct AnswerverifiedTypical disputations include internally ...View AnswerShow Answer

What are the different types of e-purchasing?

Correct AnswerverifiedDifferent approaches...View AnswerShow Answer

Green purchasing involves identifying,assessing,and managing the flow of environmental waste and finding ways to reduce it and minimize its impact on the environment.

Correct AnswerverifiedShow Answer

Compare and contrast efficient versus responsive supply chains.

Correct AnswerverifiedThe purpose of efficient supply chains i...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
When inventory is located at the factory...
View Answer

Correct Answer
verified
Lower-cost
Assurance of availa...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Typical disputations include internally ...
View Answer

Correct Answer
verified
Different approaches...
View Answer

Correct Answer
verified

Correct Answer
verified
The purpose of efficient supply chains i...
View Answer