BUAD 331 EXAM 3 | COMPREHENSIVE EXAM WITH
OVER 120+ ACTUAL QUESTIONS WITH THEIR
CORRECT ANSWERS. GRADED A+
Define order cycle time.
A. The total cost of ownership combined with the customer value of a product
b. The total elapsed time from when the customer first recognizes need to when that need is ultimately
fulfilled
c. The total elapsed time from when the customer first orders the product to when that product is
shipped to them
d. None of the above
b. The total elapsed time from when the customer first recognizes need to when that need is ultimately
fulfilled
The difference between the customer's desired order cycle time and the total supply chain order cycle
time is known as:
a. order cycle time
b. logistics lead time
c. customer delivery cycle
d. lead time gap
d. lead time gap
The economic order quantity (EOQ) model aims to:
a. calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying
costs.
b. minimize inventory costs by eliminating safety stock.
,c. minimize total supply chain landed costs.
d. establish the optimal amount of inventory to be reordered by balancing carrying costs with
transportation costs.
a. calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying
costs.
If average daily demand for a product is 5 units and average lead time for an order to arrive is 7 days,
what is the reorder point (ROP) for the product?
a. 21 units
b. 12 units
c. 7 units
d. 5 units
e. 35 units
e. 35 units
A new company is interested in implementing lean order fulfillment to decrease costs. Which of the
following best describes the strategy the company should follow to take advantage of lean order
fulfillment?
a. Increase variability of demand by running frequent promotional campaigns and discounts for select
products.
b. Purchase off-season products in bulk to take advantage of manufacturers' discounts.
c. Increase complexity in the supply chain to ensure products are made to automobile manufacturers'
strict specifications.
d. Reduce order setup times and integrate across internal functions and externally with key suppliers to
reduce cycle times and variance.
e. Select suppliers based on lowest unit purchase price regardless of delivery reliability.
d. Reduce order setup times and integrate across internal functions and externally with key suppliers to
reduce cycle times and variance.
,The move to lean and then responsive value creation requires a paradigm shift from a _______
mentality to a customer ________ mentality.
a. hybrid style, retention
b. product-focused push, demand-focused pull
c. demand-focused push, product-focused pull
d. product-order completion, time-saving
b. product-focused push, demand-focused pull
In high-end restaurants, steaks are generally cooked after the wait staff places the order to the kitchen
with the customers' preference. Which of the following techniques best describes the fulfillment of
steak orders to the final customer?
a. Anticipatory
b. Responsive
c. Postpone
d. Lean
b. Responsive
What negative outcomes can result from large lot-sized, long lead-time operations?
Customers don't want the items.
The items are in places and at times customers don't want them.
Unsold products are sold at reduced prices or scrapped altogether.
All of the above
All of the above
, Procurement, conversion, and logistics are activities that must be done to fulfill a company's exchange
commitments.
True
False
true
Enterprise systems are primarily designed to address which of the following issues?
A. Business process standardization
b. Information fragmentation
c. Lack of control over personnel work tasks
d. None of the above are correct
b. Information fragmentation
Which ERP vendor entered the enterprise system market nearly 30 years after the first solution was
introduced?
Blue Yonder
Microsoft
NetSuite
Oracle
SAP
Oracle
Which type of enterprise system facilitates an organization to work more effectively with its supplier
pool?
OVER 120+ ACTUAL QUESTIONS WITH THEIR
CORRECT ANSWERS. GRADED A+
Define order cycle time.
A. The total cost of ownership combined with the customer value of a product
b. The total elapsed time from when the customer first recognizes need to when that need is ultimately
fulfilled
c. The total elapsed time from when the customer first orders the product to when that product is
shipped to them
d. None of the above
b. The total elapsed time from when the customer first recognizes need to when that need is ultimately
fulfilled
The difference between the customer's desired order cycle time and the total supply chain order cycle
time is known as:
a. order cycle time
b. logistics lead time
c. customer delivery cycle
d. lead time gap
d. lead time gap
The economic order quantity (EOQ) model aims to:
a. calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying
costs.
b. minimize inventory costs by eliminating safety stock.
,c. minimize total supply chain landed costs.
d. establish the optimal amount of inventory to be reordered by balancing carrying costs with
transportation costs.
a. calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying
costs.
If average daily demand for a product is 5 units and average lead time for an order to arrive is 7 days,
what is the reorder point (ROP) for the product?
a. 21 units
b. 12 units
c. 7 units
d. 5 units
e. 35 units
e. 35 units
A new company is interested in implementing lean order fulfillment to decrease costs. Which of the
following best describes the strategy the company should follow to take advantage of lean order
fulfillment?
a. Increase variability of demand by running frequent promotional campaigns and discounts for select
products.
b. Purchase off-season products in bulk to take advantage of manufacturers' discounts.
c. Increase complexity in the supply chain to ensure products are made to automobile manufacturers'
strict specifications.
d. Reduce order setup times and integrate across internal functions and externally with key suppliers to
reduce cycle times and variance.
e. Select suppliers based on lowest unit purchase price regardless of delivery reliability.
d. Reduce order setup times and integrate across internal functions and externally with key suppliers to
reduce cycle times and variance.
,The move to lean and then responsive value creation requires a paradigm shift from a _______
mentality to a customer ________ mentality.
a. hybrid style, retention
b. product-focused push, demand-focused pull
c. demand-focused push, product-focused pull
d. product-order completion, time-saving
b. product-focused push, demand-focused pull
In high-end restaurants, steaks are generally cooked after the wait staff places the order to the kitchen
with the customers' preference. Which of the following techniques best describes the fulfillment of
steak orders to the final customer?
a. Anticipatory
b. Responsive
c. Postpone
d. Lean
b. Responsive
What negative outcomes can result from large lot-sized, long lead-time operations?
Customers don't want the items.
The items are in places and at times customers don't want them.
Unsold products are sold at reduced prices or scrapped altogether.
All of the above
All of the above
, Procurement, conversion, and logistics are activities that must be done to fulfill a company's exchange
commitments.
True
False
true
Enterprise systems are primarily designed to address which of the following issues?
A. Business process standardization
b. Information fragmentation
c. Lack of control over personnel work tasks
d. None of the above are correct
b. Information fragmentation
Which ERP vendor entered the enterprise system market nearly 30 years after the first solution was
introduced?
Blue Yonder
Microsoft
NetSuite
Oracle
SAP
Oracle
Which type of enterprise system facilitates an organization to work more effectively with its supplier
pool?
