BUAD 331 QUESTIONS WITH VERIFIED ACCURATE
ANSWERS
The first step the supply chain must take after an order is transmitted is to ask -
Answers -All of these
involves applying a set of process improvement techniques with a goal of improving
efficiency. - Answers -Lean fulfillment
When considering value fulfillment, we must remember that with longer planning
horizons, uncertainty
. - Answers -Increases
Responsive value creation is best for products characterized by which of the following. -
Answers -High customization and high demand uncertainty
Which of the following are included in the cost of carrying inventory? - Answers -All of
the above
The order cycle begins with ___ and ends when ___ - Answers -customer need
recognition; the customer acknowledges their need as fulfilled
Anticipatory and lean systems work well for items that are . - Answers -All of these
EOQ seeks to balance ___ and ___ - Answers -order costs; the cost of carrying
inventory
In a/an ______fulfillment system, collaborative capacity plans ensure that sufficient
levels of inputs are in place in advance of demand, but no actual operations are
conducted until after orders are received. - Answers -responsive
The difference between the total supply chain order cycle time and the time customers
are willing to wait to have their need fulfilled is known as the _______ - Answers -lead
time gap
A(n) ___________ management system helps organizations control and track the
transfer and interim and final storage of goods and raw materials. - Answers -
warehouse
Which of the following best describes SRM? - Answers -A reporting system that allows
companies to optimize their procurement strategy, to work more effectively with their
supplier pool, and to gain long-term benefits from all supplier relationships
ANSWERS
The first step the supply chain must take after an order is transmitted is to ask -
Answers -All of these
involves applying a set of process improvement techniques with a goal of improving
efficiency. - Answers -Lean fulfillment
When considering value fulfillment, we must remember that with longer planning
horizons, uncertainty
. - Answers -Increases
Responsive value creation is best for products characterized by which of the following. -
Answers -High customization and high demand uncertainty
Which of the following are included in the cost of carrying inventory? - Answers -All of
the above
The order cycle begins with ___ and ends when ___ - Answers -customer need
recognition; the customer acknowledges their need as fulfilled
Anticipatory and lean systems work well for items that are . - Answers -All of these
EOQ seeks to balance ___ and ___ - Answers -order costs; the cost of carrying
inventory
In a/an ______fulfillment system, collaborative capacity plans ensure that sufficient
levels of inputs are in place in advance of demand, but no actual operations are
conducted until after orders are received. - Answers -responsive
The difference between the total supply chain order cycle time and the time customers
are willing to wait to have their need fulfilled is known as the _______ - Answers -lead
time gap
A(n) ___________ management system helps organizations control and track the
transfer and interim and final storage of goods and raw materials. - Answers -
warehouse
Which of the following best describes SRM? - Answers -A reporting system that allows
companies to optimize their procurement strategy, to work more effectively with their
supplier pool, and to gain long-term benefits from all supplier relationships
