INTERNATIONAL SUPPLY CHAIN MGT
1 EXAM QUESTIONS AND ANSWERS
Chapter 1 - Correct Answers -...
Vertical Integration - Correct Answers -You own everything it takes to produce your
product
Collaboration - Correct Answers -Opposite of vertical integration is market outsourcing,
requires a huge amount of collaboration
Anticipatory supply chain models - Correct Answers -Forecasting, push models,
predicting what consumers will purchase and producing likewise. Leaves lots of time for
manufacturing, but sales aren't 100% assured
Cash to cash conversion - Correct Answers -A measure of financial efficiency, how fast
do we get paid for the inventory that we bought. The time required to convert purchases
into sales revenue
Holding costs - Correct Answers -The longer you keep the inventory, the less it's worth.
What drives a lot of decisions about the choice between anticipatory and responsive
models
Dwell time - Correct Answers -A measure of productivity, ratio of time that an asset sits
idle
Customer relationship collaboration - Correct Answers -an approach to customer
relationship management in which the various departments of a company, such as
sales, technical support, and marketing, share any information they collect from
interactions with customers.
Demand planning - Correct Answers -a multi-step operational supply chain
management process used to create reliable forecasts of sales revenue etc
Economic value - Correct Answers -Characterized by economies of scale (the more you
buy, the less it costs), efficiencies of product/service production. Delivering high quality
at low landed costs
, Landed costs - Correct Answers -All costs that go into getting the product to the
consumer
Market Value - Correct Answers -Characterized by desirable assortment, customer
convenience, ex. correct size containers. Satisfying a wider range of what the customer
wants rather than just the thing that they buy
The relationship of cost and service - Correct Answers -For more service required, the
higher the costs
Landed cost - Correct Answers -The total price of a product or shipment once it has
arrived at a buyer's doorstep.
Spreadsheeting - Correct Answers -Basic Formulae, HLookup, Rules of Thumb,
VLookup
Basic Formulae - Correct Answers -Excel
HLookup - Correct Answers -Same as VLookup, except uses row index numbers
instead of column
Integration - Correct Answers -Allows individual companies to be efficient, groups of
companies to match a wide range of needs. To fit businesses in a supply chain together
to produce their specialty good that will add value to the overall product
Life cycle support - Correct Answers -Management of the total life cycle of production, a
product from start to finish
Logistics - Correct Answers -The work to move and geographically position inventory,
more about the "stuff" it takes to move the "stuff"
Manufacturing customization - Correct Answers -
Order fulfillment - Correct Answers -Seeing a product through to delivery to the
customer
Postponement - Correct Answers -Method of production that combines both anticipatory
and responsive models. Push processed for those activities required to serve every
customer, and pull comes in when the customer specifies their order.
Product/service development/launch - Correct Answers -
Responsive supply chain models - Correct Answers -Pull models, waiting to hear what
the customer wants before producing. Leaves no extra time for manufacturing and no
room for error in production
1 EXAM QUESTIONS AND ANSWERS
Chapter 1 - Correct Answers -...
Vertical Integration - Correct Answers -You own everything it takes to produce your
product
Collaboration - Correct Answers -Opposite of vertical integration is market outsourcing,
requires a huge amount of collaboration
Anticipatory supply chain models - Correct Answers -Forecasting, push models,
predicting what consumers will purchase and producing likewise. Leaves lots of time for
manufacturing, but sales aren't 100% assured
Cash to cash conversion - Correct Answers -A measure of financial efficiency, how fast
do we get paid for the inventory that we bought. The time required to convert purchases
into sales revenue
Holding costs - Correct Answers -The longer you keep the inventory, the less it's worth.
What drives a lot of decisions about the choice between anticipatory and responsive
models
Dwell time - Correct Answers -A measure of productivity, ratio of time that an asset sits
idle
Customer relationship collaboration - Correct Answers -an approach to customer
relationship management in which the various departments of a company, such as
sales, technical support, and marketing, share any information they collect from
interactions with customers.
Demand planning - Correct Answers -a multi-step operational supply chain
management process used to create reliable forecasts of sales revenue etc
Economic value - Correct Answers -Characterized by economies of scale (the more you
buy, the less it costs), efficiencies of product/service production. Delivering high quality
at low landed costs
, Landed costs - Correct Answers -All costs that go into getting the product to the
consumer
Market Value - Correct Answers -Characterized by desirable assortment, customer
convenience, ex. correct size containers. Satisfying a wider range of what the customer
wants rather than just the thing that they buy
The relationship of cost and service - Correct Answers -For more service required, the
higher the costs
Landed cost - Correct Answers -The total price of a product or shipment once it has
arrived at a buyer's doorstep.
Spreadsheeting - Correct Answers -Basic Formulae, HLookup, Rules of Thumb,
VLookup
Basic Formulae - Correct Answers -Excel
HLookup - Correct Answers -Same as VLookup, except uses row index numbers
instead of column
Integration - Correct Answers -Allows individual companies to be efficient, groups of
companies to match a wide range of needs. To fit businesses in a supply chain together
to produce their specialty good that will add value to the overall product
Life cycle support - Correct Answers -Management of the total life cycle of production, a
product from start to finish
Logistics - Correct Answers -The work to move and geographically position inventory,
more about the "stuff" it takes to move the "stuff"
Manufacturing customization - Correct Answers -
Order fulfillment - Correct Answers -Seeing a product through to delivery to the
customer
Postponement - Correct Answers -Method of production that combines both anticipatory
and responsive models. Push processed for those activities required to serve every
customer, and pull comes in when the customer specifies their order.
Product/service development/launch - Correct Answers -
Responsive supply chain models - Correct Answers -Pull models, waiting to hear what
the customer wants before producing. Leaves no extra time for manufacturing and no
room for error in production
