Supply Chain exam 1 (quizzes from
cengage)
Which of the following would be considered a third party provider?
A firm that leases storage warehousing
Developed in the 1990's as a popular way of developing radically new business
processes in an effort to reduce waste and increase performance is referred to as:
Business process reengineering
Supply chain management includes the planning and management of all activities
involved in sourcing and procurement, conversion, and all logistics management
activities. It also includes:
Coordination and collaboration with channel partners
An internal or external event that causes a disruption or failure of supply chain
operations is an example of
Supply chain risk
Lean production is typically associated with which of the following company's
production systems?
Toyota
According to the textbook, conditions which must be present for successful supply chain
management include:
Cooperation among firms
Which of the following is a reverse logistics activity:
Recycling products and components
According to the text, the FOUR important elements of the supply chain are:
Supply, operations, logistics, integration
Trends in supply chain management include expansion of the supply chain and
decreasing supply chain visibility.
False
, The following is an example of the bullwhip effect:
Barkley's incorrectly anticipates consumer demand resulting in stockouts at
several popular retailers
Firms can use total cost analysis to:
Select the most cost-effective supplier
Given the following make-buy information, what would be the break-even point?
Make Option Buy Option
Fixed Costs $5,500 $1,500
Variable Costs $4 $9
800 units
Blanket or open-end purchase orders are suitable for buying:
Office supplies
Inventory Turnover can be calculated by:
Ratio of cost of goods sold over average inventory cost
Decentralized purchasing is the practice where individual, local purchasing departments
throughout a single corporation make their own, individual purchasing decisions to
fulfill their individual local needs.
True
While most public procurement is focused on goals like those of purchasing
departments in the private sector, U.S. federal government purchases must comply with
the:
Federal Acquisition Regulation
Which of the following statements is FALSE?
Centralized purchasing is where individual, local purchasing departments, such as
at the plant level, make their own purchasing decisions.
Which of the following is NOT a form of countertrade?
Kaizen blitz
The total cost of ownership for Supplier A is $2,670,000. The total cost of ownership for
Supplier B is $1,750,000. The total cost of ownership for Supplier C is $2,990,000. Using
cengage)
Which of the following would be considered a third party provider?
A firm that leases storage warehousing
Developed in the 1990's as a popular way of developing radically new business
processes in an effort to reduce waste and increase performance is referred to as:
Business process reengineering
Supply chain management includes the planning and management of all activities
involved in sourcing and procurement, conversion, and all logistics management
activities. It also includes:
Coordination and collaboration with channel partners
An internal or external event that causes a disruption or failure of supply chain
operations is an example of
Supply chain risk
Lean production is typically associated with which of the following company's
production systems?
Toyota
According to the textbook, conditions which must be present for successful supply chain
management include:
Cooperation among firms
Which of the following is a reverse logistics activity:
Recycling products and components
According to the text, the FOUR important elements of the supply chain are:
Supply, operations, logistics, integration
Trends in supply chain management include expansion of the supply chain and
decreasing supply chain visibility.
False
, The following is an example of the bullwhip effect:
Barkley's incorrectly anticipates consumer demand resulting in stockouts at
several popular retailers
Firms can use total cost analysis to:
Select the most cost-effective supplier
Given the following make-buy information, what would be the break-even point?
Make Option Buy Option
Fixed Costs $5,500 $1,500
Variable Costs $4 $9
800 units
Blanket or open-end purchase orders are suitable for buying:
Office supplies
Inventory Turnover can be calculated by:
Ratio of cost of goods sold over average inventory cost
Decentralized purchasing is the practice where individual, local purchasing departments
throughout a single corporation make their own, individual purchasing decisions to
fulfill their individual local needs.
True
While most public procurement is focused on goals like those of purchasing
departments in the private sector, U.S. federal government purchases must comply with
the:
Federal Acquisition Regulation
Which of the following statements is FALSE?
Centralized purchasing is where individual, local purchasing departments, such as
at the plant level, make their own purchasing decisions.
Which of the following is NOT a form of countertrade?
Kaizen blitz
The total cost of ownership for Supplier A is $2,670,000. The total cost of ownership for
Supplier B is $1,750,000. The total cost of ownership for Supplier C is $2,990,000. Using
