ISDS 3115 Peter Kelle FINAL exam with
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verified answers |
A |supply |chain |ends |with |- |CORRECT |ANSWER-a |satisfied |customer
Which |of |the |following |is |NOT |true? |- |CORRECT |ANSWER-An |increased |sales |effort |may |help |a |firm |
reach |its |profit |goals |more |easily |than |would |effective |cost |cutting.
Which |of |the |following |industries |has |the |highest |supply |chain |cost |as |a |percentage |of |sales? |- |
CORRECT |ANSWER-Petroleum
A |response |strategy |requires |suppliers |be |selected |based |primarily |on |- |CORRECT |ANSWER-capacity, |
speed, |and |flexibility.
Which |of |the |following |statements |is |NOT |one |of |the |differentiation |strategy |decisions? |- |CORRECT |
ANSWER-Use |buffer |stocks |to |ensure |speedy |supply.
Prior |to |embarking |on |supply |chain |design, |operations |managers |must |first |consider |- |CORRECT |
ANSWER-"make-or-buy" |and |outsourcing |decisions.
What |is |transferring |a |firm's |activities |that |have |traditionally |been |internal |to |external |suppliers? |- |
CORRECT |ANSWER-Outsourcing
Which |of |the |following |statements |is |NOT |one |of |the |response |strategy |decisions? |- |CORRECT |
ANSWER-gather |and |communicate |market |research |data
The |advantage |of |having |few |suppliers |is |to |- |CORRECT |ANSWER-form |a |long-term |relationship.
The |advantage |of |having |many |potential |suppliers |is |their |willingness |to |- |CORRECT |ANSWER-offer |
lower |prices |in |the |short |run |term.
,What |is |developing |the |ability |to |produce |goods |or |services |previously |purchased |or |actually |buying |a
|supplier |or |a |distributor? |- |CORRECT |ANSWER-vertical |integration
Which |of |the |following |strategies |is |part |collaboration, |part |purchasing |from |few |suppliers, |and |part |
vertical |integration? |- |CORRECT |ANSWER-keiretsu |networks
Which |of |the |following |could |reduce |distribution |risk? |- |CORRECT |ANSWER-Careful |selection, |
monitoring |and |effective |contracts |with |penalties
Which |of |the |following |mitigation |tactics |could |reduce |economic |risk? |- |CORRECT |ANSWER-purchasing
|contracts |that |address |price |fluctuations
Which |of |the |following |mitigation |tactics |is |NOT |designed |to |reduce |the |risk |of |information |loss |or |
distortion? |- |CORRECT |ANSWER-alternate |sourcing
Which |of |the |following |statements |is |true |regarding |cross-sourcing? |- |CORRECT |ANSWER-Cross-
sourcing |uses |one |supplier |for |a |component |and |a |second |supplier |for |another |component, |where |
each |supplier |acts |as |a |backup |for |the |other.
Which |of |the |following |statements |is |NOT |true |regarding |the |bullwhip |effect? |- |CORRECT |ANSWER-
The |bullwhip |effect |occurs |as |order |are |relayed |from |retails, |to |distributors, |to |wholesalers, |to |
manufactures, |with |fluctuations |decreasing |at |each |step |in |the |sequence.
What |is |a |long-term |purchase |commitment |to |a |supplier |for |items |that |are |to |be |delivered |against |
short-term |releases |to |ship? |- |CORRECT |ANSWER-blanket |order
A |lawnmower |assembly |plant |uses |a |variety |of |nuts, |bolts, |screws, |and |other |fasteners |in |its |
operation. |Its |supplier |delivers |these |items |directly |to |the |point |of |use |on |the |assembly |line |and |
ensures |that |there |are |always |sufficient |quantities |of |fasteners |to |maintain |the |production |schedule. |
This |is |an |example |of: |- |CORRECT |ANSWER-vendor-managed |inventory
, The |do-it-yourselfer |plucked |a |gallon |can |of |base |paint |from |the |shelf |of |the |local |hardware |store |and
|handed |it |to |Keith, |the |cheerful |clerk |at |the |paint |counter. |Their |eyes |met |briefly |and |the |do-it-
yourselfer |silently |handed |over |sample |150C-1, |Musical |Mist, |to |the |clerk. |It |was |impractical |to |keep |
several |gallons |of |every |possible |color |on |the |shelves |at |the |hardware |store |so |the |paint |
manufacturer |had |created |clever |workaround. |The |workaround |was |a |computer |based |system |that |
added |predetermined |quantities |of |pigments |to |a |gallon |can |of |base |paint |depending |on |the |desired |
shade, |in |this |case, |Musical |Mist. |The |hardware |store |now |needed |to |stock |only |the |base |paint, |this |
machine, |and |a |small |supply |of |paint |pigments |in |order |to |create |the |thousands |of |colors |in |their |
catalog.
This |scenario |is |a |prime |example |of |- |CORRECT |ANSWER-postponement
Which |of |the |following |is |the |first |stage |of |supplier |selection? |- |CORRECT |ANSWER-supplier |evaluation
Which |negotiation |strategy |bases |price |on |a |published, |auction, |or |index |price? |- |CORRECT |ANSWER-
market-based |price |model
With |regard |to |the |cost-based |price |model |negotiation |strategy, |which |of |the |following |is |true? |- |
CORRECT |ANSWER-Prices |are |based |upon |supplier |costs.
Which |of |the |following |is |NOT |one |of |the |benefits |accrued |from |a |centralized |purchasing |function? |- |
CORRECT |ANSWER-Increase |the |duplication |of |tasks.
Trucking |- |CORRECT |ANSWER-is |increasingly |using |computers |to |manage |its |operations.
Airfreight |- |CORRECT |ANSWER-is |a |fast-growing |mode |of |shipping.
Supply |chain |mangers |outsource |logistics |to |meet |three |goals: |- |CORRECT |ANSWER-drive |down |
inventory |investment, |lower |delivery |costs, |and |improve |delivery |reliability |and |speed.
Which |of |the |following |statements |is |NOT |true |regarding |channel |assembly? |- |CORRECT |ANSWER-
Channel |assembly |sends |individual |components, |modules, |and |finished |products, |to |the |distributor.
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verified answers |
A |supply |chain |ends |with |- |CORRECT |ANSWER-a |satisfied |customer
Which |of |the |following |is |NOT |true? |- |CORRECT |ANSWER-An |increased |sales |effort |may |help |a |firm |
reach |its |profit |goals |more |easily |than |would |effective |cost |cutting.
Which |of |the |following |industries |has |the |highest |supply |chain |cost |as |a |percentage |of |sales? |- |
CORRECT |ANSWER-Petroleum
A |response |strategy |requires |suppliers |be |selected |based |primarily |on |- |CORRECT |ANSWER-capacity, |
speed, |and |flexibility.
Which |of |the |following |statements |is |NOT |one |of |the |differentiation |strategy |decisions? |- |CORRECT |
ANSWER-Use |buffer |stocks |to |ensure |speedy |supply.
Prior |to |embarking |on |supply |chain |design, |operations |managers |must |first |consider |- |CORRECT |
ANSWER-"make-or-buy" |and |outsourcing |decisions.
What |is |transferring |a |firm's |activities |that |have |traditionally |been |internal |to |external |suppliers? |- |
CORRECT |ANSWER-Outsourcing
Which |of |the |following |statements |is |NOT |one |of |the |response |strategy |decisions? |- |CORRECT |
ANSWER-gather |and |communicate |market |research |data
The |advantage |of |having |few |suppliers |is |to |- |CORRECT |ANSWER-form |a |long-term |relationship.
The |advantage |of |having |many |potential |suppliers |is |their |willingness |to |- |CORRECT |ANSWER-offer |
lower |prices |in |the |short |run |term.
,What |is |developing |the |ability |to |produce |goods |or |services |previously |purchased |or |actually |buying |a
|supplier |or |a |distributor? |- |CORRECT |ANSWER-vertical |integration
Which |of |the |following |strategies |is |part |collaboration, |part |purchasing |from |few |suppliers, |and |part |
vertical |integration? |- |CORRECT |ANSWER-keiretsu |networks
Which |of |the |following |could |reduce |distribution |risk? |- |CORRECT |ANSWER-Careful |selection, |
monitoring |and |effective |contracts |with |penalties
Which |of |the |following |mitigation |tactics |could |reduce |economic |risk? |- |CORRECT |ANSWER-purchasing
|contracts |that |address |price |fluctuations
Which |of |the |following |mitigation |tactics |is |NOT |designed |to |reduce |the |risk |of |information |loss |or |
distortion? |- |CORRECT |ANSWER-alternate |sourcing
Which |of |the |following |statements |is |true |regarding |cross-sourcing? |- |CORRECT |ANSWER-Cross-
sourcing |uses |one |supplier |for |a |component |and |a |second |supplier |for |another |component, |where |
each |supplier |acts |as |a |backup |for |the |other.
Which |of |the |following |statements |is |NOT |true |regarding |the |bullwhip |effect? |- |CORRECT |ANSWER-
The |bullwhip |effect |occurs |as |order |are |relayed |from |retails, |to |distributors, |to |wholesalers, |to |
manufactures, |with |fluctuations |decreasing |at |each |step |in |the |sequence.
What |is |a |long-term |purchase |commitment |to |a |supplier |for |items |that |are |to |be |delivered |against |
short-term |releases |to |ship? |- |CORRECT |ANSWER-blanket |order
A |lawnmower |assembly |plant |uses |a |variety |of |nuts, |bolts, |screws, |and |other |fasteners |in |its |
operation. |Its |supplier |delivers |these |items |directly |to |the |point |of |use |on |the |assembly |line |and |
ensures |that |there |are |always |sufficient |quantities |of |fasteners |to |maintain |the |production |schedule. |
This |is |an |example |of: |- |CORRECT |ANSWER-vendor-managed |inventory
, The |do-it-yourselfer |plucked |a |gallon |can |of |base |paint |from |the |shelf |of |the |local |hardware |store |and
|handed |it |to |Keith, |the |cheerful |clerk |at |the |paint |counter. |Their |eyes |met |briefly |and |the |do-it-
yourselfer |silently |handed |over |sample |150C-1, |Musical |Mist, |to |the |clerk. |It |was |impractical |to |keep |
several |gallons |of |every |possible |color |on |the |shelves |at |the |hardware |store |so |the |paint |
manufacturer |had |created |clever |workaround. |The |workaround |was |a |computer |based |system |that |
added |predetermined |quantities |of |pigments |to |a |gallon |can |of |base |paint |depending |on |the |desired |
shade, |in |this |case, |Musical |Mist. |The |hardware |store |now |needed |to |stock |only |the |base |paint, |this |
machine, |and |a |small |supply |of |paint |pigments |in |order |to |create |the |thousands |of |colors |in |their |
catalog.
This |scenario |is |a |prime |example |of |- |CORRECT |ANSWER-postponement
Which |of |the |following |is |the |first |stage |of |supplier |selection? |- |CORRECT |ANSWER-supplier |evaluation
Which |negotiation |strategy |bases |price |on |a |published, |auction, |or |index |price? |- |CORRECT |ANSWER-
market-based |price |model
With |regard |to |the |cost-based |price |model |negotiation |strategy, |which |of |the |following |is |true? |- |
CORRECT |ANSWER-Prices |are |based |upon |supplier |costs.
Which |of |the |following |is |NOT |one |of |the |benefits |accrued |from |a |centralized |purchasing |function? |- |
CORRECT |ANSWER-Increase |the |duplication |of |tasks.
Trucking |- |CORRECT |ANSWER-is |increasingly |using |computers |to |manage |its |operations.
Airfreight |- |CORRECT |ANSWER-is |a |fast-growing |mode |of |shipping.
Supply |chain |mangers |outsource |logistics |to |meet |three |goals: |- |CORRECT |ANSWER-drive |down |
inventory |investment, |lower |delivery |costs, |and |improve |delivery |reliability |and |speed.
Which |of |the |following |statements |is |NOT |true |regarding |channel |assembly? |- |CORRECT |ANSWER-
Channel |assembly |sends |individual |components, |modules, |and |finished |products, |to |the |distributor.
