If a company reports a problem with its supply chain and pinpoints blame, which of the following groups,
if blamed, will most likely result in the stock price being most punished by the market? - Precise Answer
✔✔Customers
A significant impact on the supply chain can be made by all of the following stake holders EXCEPT: -
Precise Answer ✔✔consumers
Which of the following relationships has the maximum degree of independence of ownership
and the minimum degree of integration? - Precise Answer ✔✔ad hoc trading
Attempts to replace competition between trading partners with cooperation most often results
in which of the following? - Precise Answer ✔✔failure
All of the following flow through the reverse supply chain EXCEPT: - Precise Answer ✔✔remanufactured
goods
What organization developed the Supply-Chain Operations Reference
(SCOR) model? - Precise Answer ✔✔Supply Chain Council
Who controls the inventory via consignment? - Precise Answer ✔✔retailers
What is the proper order of activities when managing a supply chain? - Precise Answer ✔✔understand,
predict, then control
Definition: Variable quantities at fixed intervals - Precise Answer ✔✔periodic review policy
All of the following are characteristics of functional products EXCEPT: - Precise Answer ✔✔end-of-season
markdowns
,There has been a systematic effort within many industries to replace inventory with ________________?
- Precise Answer ✔✔information
What policy seems to have the greatest safety stock? - Precise Answer ✔✔periodic review policy
What is the general effect on the total time to source of adding tiers to the procurement side of
the supply chain? - Precise Answer ✔✔increases
What is missing from the economic order quantity formula? - Precise Answer ✔✔demand per period
Information concerning supply is conveyed through all of the following EXCEPT: - Precise Answer
✔✔advanced shipping notice
Which production strategy has the push-pull boundary before product design? - Precise Answer
✔✔engineer-to-order
Which production strategy has the push-pull boundary between product design and purchasing
of raw materials? - Precise Answer ✔✔made-to-order
Which production strategy has the greatest amount of pull associated with it? - Precise Answer
✔✔engineer-to-order
All of the following are reasons why inventory is subject to shrinkage EXCEPT: - Precise Answer
✔✔rework
Which production strategy relies most heavily on demand forecasts? - Precise Answer ✔✔make-to-stock
What action has members of supply chains historically taken to protect themselves against variability in
supply and demand? - Precise Answer ✔✔holding inventory
,All of the following are components of ordering cost EXCEPT: - Precise Answer ✔✔taxes and insurance
What technology that embeds tags in data to identify each element of the
data and give it meaning? - Precise Answer ✔✔XML
What action has typically been taken over the last decade or so by members of supply chains to decrease
variability in supply and demand? - Precise Answer ✔✔shortening lead times
All of the following are components of holding cost EXCEPT: - Precise Answer ✔✔clerical work of
receiving orders
What is a recurring theme for well run supply chains? - Precise Answer ✔✔cross-functional teams
What initiative has members of supply chains taken recently to decrease variability in supply and
demand? - Precise Answer ✔✔sharing information
All of the following are components of stockout costs EXCEPT: - Precise Answer ✔✔backlog cost
What would the percentage of supply chain expenses need to be in order to achieve a 50% increase in
gross
profits? The current percentages are 100% for revenue, 10% for supply chain expense, 80% for other
expenses, and hence, gross profit is 10%. Assume the revenues remain constant and the other expenses
percentage remains constant at 80%. - Precise Answer ✔✔5%
What is a pallet called when it contains more than one type of product going to a single destination? -
Precise Answer ✔✔mixed
Which flow within the supply chain typically motivates the other three? - Precise Answer ✔✔cash
, What is the simplest measure? - Precise Answer ✔✔cost of time
What are the components of fulfillment lead time? - Precise Answer ✔✔order processing & assembly
and shipping
What is the most systematic approach to allocating indirect costs? - Precise Answer ✔✔activity-based
costing
What happens to variability when independent processes are combined to form a larger
process? - Precise Answer ✔✔variability of the total time equals the sum of the variability in all the
component times
In order to be counted "perfect" when calculating the perfect-order measure, in addition to the
order containing the correct goods, what must also be perfect? - Precise Answer ✔✔order must ship
complete, arrive on-time, and associated paperwork must be accurate and complete
What is the impact on customer service level (CSL) of increasing safety stock? - Precise Answer ✔✔It
increases
What is the impact on annual holding costs of increasing the order quantity? - Precise Answer ✔✔It
increases
What is the impact on annual holding costs of decreasing the order quantity? - Precise Answer ✔✔It
decreases
What cycle delivers products to meet customer demand? - Precise Answer ✔✔fulfillment
What is the inventory needed to support normal operations called? - Precise Answer ✔✔cycle stock
What is the unintended effect of customers requiring complete shipments? - Precise Answer
✔✔Suppliers have to maintain much higher inventory levels.