MGT 8803 SUPPLY CHAIN FINAL EXAM 2026/2027
QUESTIONS AND SOLUTIONS RATED A+
✔✔Pitfalls of Offshoring - ✔✔-inaccurate determination of overall product costs
-lack of control over costs and quality
- exchange rate volatility
NOT political uncertanty in the target market
✔✔Pull System - ✔✔a production system in which actual downstream demand sets off
a chain of events that pulls material through the various process steps
✔✔Pull System Characteristics - ✔✔- faster reaction to defects
- operators only work when there is a signal to produce
- there is no slack in the system
NOT focus on keeping individual operators and workstations busy
✔✔Supply chains are made up of what? - ✔✔inbound and outbound to/from Final
Product Manufacturers
✔✔Examples of supply chain capabilities - ✔✔- products and service features
- cost
- quality
- time to market
- ability to innovate
✔✔long term decisions - ✔✔- network configuration
- supply chain model
- outsourcing
-vertical integration
✔✔Vertical Integration - ✔✔An approach typical of traditional mass production in which
a company controls all phases of a highly complex production process. i.e. Delta
vertically integrating oil refinery for jet fuel
✔✔medium term decisions - ✔✔- Lean
- Sales and operating planning (S&OP)
-Inventory Management
✔✔2 supply chain operating models - ✔✔- responsive (speed focused)
- efficient (money focused)
✔✔Lean Supply Chain - ✔✔focuses on eliminating all waste, including time, and
ensuring a level schedule
, a supply chain that is optimized to eliminate unnecessary or inefficient logistics
processes, costs, or time consumption, with the goal of reducing lead times and making
the overall order lifecycle as efficient and cost-effective as possible.
✔✔Philosophy of Lean - ✔✔elimination of waste
✔✔Potential Benefits of Lean Supply Chains - ✔✔- eliminate waste
- decrease development time
- decrease throughput time
- decrease lead time
- decrease employee hours per machine
- decrease defects per machine
✔✔5 principles of lean - ✔✔Value, Value Stream, Flow, Pull, Perfection
✔✔Difference between Kanban and Kaizen - ✔✔-Kanban is a tool for visualizing a
process and identifying bottlenecks
- Kaizen approach is a continuous improvement process
✔✔Kanban - ✔✔A Japanese word meaning "card" or "visible record" that refers to cards
used to control the flow of production through a factory
✔✔Kaizen - ✔✔the Japanese term for 'continuous improvement', a lean production
philosophy where workers and managers continually try to find ways to improve work
processes and efficiency
✔✔Push System - ✔✔produces goods in advance of customer demand using a forecast
of sales and moves them through supply chain to points of sale where they are stored
as finished goods inventory.
✔✔Pull system - ✔✔a concept that results in material being produced only when
requested and moved to where it is needed just as it is needed
✔✔Common Internal Strategies - ✔✔- hire and fire
- temporary workers
- overtime/reduced hours
- subcontracting
- excess inventory
- large backlogs
- change production rates
✔✔Common External Strategies - ✔✔- price changes
- promotions
- advertising
QUESTIONS AND SOLUTIONS RATED A+
✔✔Pitfalls of Offshoring - ✔✔-inaccurate determination of overall product costs
-lack of control over costs and quality
- exchange rate volatility
NOT political uncertanty in the target market
✔✔Pull System - ✔✔a production system in which actual downstream demand sets off
a chain of events that pulls material through the various process steps
✔✔Pull System Characteristics - ✔✔- faster reaction to defects
- operators only work when there is a signal to produce
- there is no slack in the system
NOT focus on keeping individual operators and workstations busy
✔✔Supply chains are made up of what? - ✔✔inbound and outbound to/from Final
Product Manufacturers
✔✔Examples of supply chain capabilities - ✔✔- products and service features
- cost
- quality
- time to market
- ability to innovate
✔✔long term decisions - ✔✔- network configuration
- supply chain model
- outsourcing
-vertical integration
✔✔Vertical Integration - ✔✔An approach typical of traditional mass production in which
a company controls all phases of a highly complex production process. i.e. Delta
vertically integrating oil refinery for jet fuel
✔✔medium term decisions - ✔✔- Lean
- Sales and operating planning (S&OP)
-Inventory Management
✔✔2 supply chain operating models - ✔✔- responsive (speed focused)
- efficient (money focused)
✔✔Lean Supply Chain - ✔✔focuses on eliminating all waste, including time, and
ensuring a level schedule
, a supply chain that is optimized to eliminate unnecessary or inefficient logistics
processes, costs, or time consumption, with the goal of reducing lead times and making
the overall order lifecycle as efficient and cost-effective as possible.
✔✔Philosophy of Lean - ✔✔elimination of waste
✔✔Potential Benefits of Lean Supply Chains - ✔✔- eliminate waste
- decrease development time
- decrease throughput time
- decrease lead time
- decrease employee hours per machine
- decrease defects per machine
✔✔5 principles of lean - ✔✔Value, Value Stream, Flow, Pull, Perfection
✔✔Difference between Kanban and Kaizen - ✔✔-Kanban is a tool for visualizing a
process and identifying bottlenecks
- Kaizen approach is a continuous improvement process
✔✔Kanban - ✔✔A Japanese word meaning "card" or "visible record" that refers to cards
used to control the flow of production through a factory
✔✔Kaizen - ✔✔the Japanese term for 'continuous improvement', a lean production
philosophy where workers and managers continually try to find ways to improve work
processes and efficiency
✔✔Push System - ✔✔produces goods in advance of customer demand using a forecast
of sales and moves them through supply chain to points of sale where they are stored
as finished goods inventory.
✔✔Pull system - ✔✔a concept that results in material being produced only when
requested and moved to where it is needed just as it is needed
✔✔Common Internal Strategies - ✔✔- hire and fire
- temporary workers
- overtime/reduced hours
- subcontracting
- excess inventory
- large backlogs
- change production rates
✔✔Common External Strategies - ✔✔- price changes
- promotions
- advertising
