Practice
Sources of supply chain cost are: correct answers -The difference between costs
incurred and costs delayed
-Flows of information, products, or funds between stages of the supply chain***
-The sum of the costs incurred and the costs delayed
-None of the above
Regarding a company's supply chain strategy, the extremes of the cost spectrum are
represented by the terms: correct answers -Responsive and efficient***
-Dynamic and static
-Rigid and flexible
-Discrete and continuous
The advantage a company has in attracting new customers and defending against the
loss of current customers to competitors is known as: correct answers -Cumulative
advantage
-Continuous advantage
-Competitive advantage***
-Customer advantage
What is the title of the strategy that determines the nature of material procurement,
transportation of materials, manufacture of product or creation of service, distribution of
product? correct answers -Supply Chain Strategy***
-Product and Service Development Strategy
-Marketing and Sales Strategy
-Human Resource Strategy
Which driver of information, product and funds movement is "the set of business
processes required to purchase goods and services"? correct answers -Information
-Pricing
-Sourcing***
-Inventory
Which driver of information, product and funds movement is "the data and analysis
concerning facilities, inventory, transportation, cost, prices, and customers"? correct
answers -Information***
-Pricing
-Sourcing
-Inventory
, Which driver of information, product and funds movement is "the process by which a
company decides how much to charge for its products or services"? correct answers -
Information
-Pricing***
-Sourcing
-Inventory
Those characteristics that get potential customers to consider buying your products and
services. correct answers -Order initiation
-Order winners
-Order qualifiers***
-Order profiles
All customer orders that have not shipped. Includes past due, current, and future orders
are: correct answers -Backlog***
-Backorder
-Backwater
-None of the above
Tires used in the assembly of a car would be an example of what type of "demand"?
correct answers -Dependent***
-Convergent
-Divergent
-Independent
Tires used for replacement items for your car would be an example of what type of
"demand"? correct answers -Dependent
-Convergent
-Divergent
-Independent***
Which one of the following statements is correct about forecasting? correct answers -
Forecasts are usually correct
-Long-term forecasts are more accurate than short-term forecasts
-Aggregate forecasts are less accurate than disaggregate forecasts
-None of the above are correct statements about forecasts***
The meeting of forecasted demand, while minimizing cost over the planning horizon, is
the objective of: correct answers -Cross planning
-Aggregate planning***
-Vendor managed planning
-Moving average planning
Items such as "Disaggregation breaks the plan down into greater detail" and
"Disaggregation results in a master production schedule (MPS)" or "Decisions are made