SUPPLY CHAIN EXAM 2 PRACTICE
EXAM
What is one major issue that still exists in a lean fulfillment model:
a. Inventory must be held in anticipation of customer orders
b. Longer lead times
c. Greater uncertainty in raw material inventory
d. Need for expedited deliveries - Correct Answers -a. Inventory must be held in
anticipation of customer orders
In class we discussed 3-dimensional printers. Which of the following is NOT expected to
be one of the benefits?
a. Lower finished product inventory
b. Reduced demand uncertainty
c. Reduction in transportation times
d. Reduced lead times - Correct Answers -b. Reduced demand uncertainty
What is one benefit of buyer-seller collaboration in a synchronized supply chain?
a. Information is transmitted up the supply chain after long lag times
b. Demand and supply information is communicated and shared in near real-time
c. Demand data is held and used to gain lower prices from suppliers
d. Demand data is forecasted and changed as it moves up the supply chain - Correct
Answers -b. Demand and supply information is communicated and shared in near real-
time
A supply chain that utilizes an agile fulfillment technique will:
a. Minimize cycle stock by building and shipping small volumes of product frequently
b. Minimize cost of goods sold by buying in large lot sizes
c. Reduce costs by minimizing production set-ups and changeovers
d. Use batch manufacturing of anticipated orders to smooth production levels
e. Base manufacturing on actual customer orders - Correct Answers -e. Base
manufacturing on actual customer orders
Noodles & Company uses Coca-Cola Freestyle machines that people to select from
more than 100 regular and low-calorie brands. What kind of order fulfillment technique
is Coca-Cola Freestyle beverage machine using?
a. Hybrid lean and agile
b. Agile
c. EOQ
, d. Lean - Correct Answers -a. Hybrid lean and agile
Relocating a function or a process to another country" is called:
a. Outsourcing
b. External functioning
c. Offshoring
d. Globalization - Correct Answers -c. Offshoring
Which of the following flows is characterized as moving both up and down the supply
chain?
a. Information flow
b. Product and service flow
c. Funds flow
d. Returns flow - Correct Answers -a. Information flow
Which information flow is usually initiated closest to production, and often only hours
ahead of time?
a. Forecasting and Replenishment
b. Coordination and Planning
c. Operations and Scheduling
d. Strategy and Cooperation - Correct Answers -c. Operations and Scheduling
Enterprise Resource Planning systems, or ERP, form one critical part of the IT
infrastructure. Its role is best represented as:
a. Facilitation the assignment of specific tasks to specific tools at specific times
b. Analysis and decision-support
c. Enhancing forecast accuracy throughout the supply chain
d. Providing an organization-wide platform for collecting and disseminating data
e. Simultaneous, constraint-based planning - Correct Answers -d. Providing an
organization-wide platform for collecting and disseminating data
Which of the following is NOT an example of an information-enabled supply chain?
a. Nike website allows customers to customize a pair of sneakers
b. General Electric employee in Boston posts a supplier contract to the company
intranet using groupware for use by the Frankfort factory
c. A retailer sends point of sale data to Nestle
d. Ted's Wicked Dive Shop shares inventory information with suppliers only when
placing orders - Correct Answers -d. Ted's Wicked Dive Shop shares inventory
information with suppliers only when placing orders
Which of the following is NOT a driver of time-based competition?
a. Increased focus on customer segmentation
b. Shortening product (and service) life cycles
c. Customers drive for reduced inventories
d. Volatile markets make forecasting dangerous - Correct Answers -a. Increased focus
on customer segmentation
EXAM
What is one major issue that still exists in a lean fulfillment model:
a. Inventory must be held in anticipation of customer orders
b. Longer lead times
c. Greater uncertainty in raw material inventory
d. Need for expedited deliveries - Correct Answers -a. Inventory must be held in
anticipation of customer orders
In class we discussed 3-dimensional printers. Which of the following is NOT expected to
be one of the benefits?
a. Lower finished product inventory
b. Reduced demand uncertainty
c. Reduction in transportation times
d. Reduced lead times - Correct Answers -b. Reduced demand uncertainty
What is one benefit of buyer-seller collaboration in a synchronized supply chain?
a. Information is transmitted up the supply chain after long lag times
b. Demand and supply information is communicated and shared in near real-time
c. Demand data is held and used to gain lower prices from suppliers
d. Demand data is forecasted and changed as it moves up the supply chain - Correct
Answers -b. Demand and supply information is communicated and shared in near real-
time
A supply chain that utilizes an agile fulfillment technique will:
a. Minimize cycle stock by building and shipping small volumes of product frequently
b. Minimize cost of goods sold by buying in large lot sizes
c. Reduce costs by minimizing production set-ups and changeovers
d. Use batch manufacturing of anticipated orders to smooth production levels
e. Base manufacturing on actual customer orders - Correct Answers -e. Base
manufacturing on actual customer orders
Noodles & Company uses Coca-Cola Freestyle machines that people to select from
more than 100 regular and low-calorie brands. What kind of order fulfillment technique
is Coca-Cola Freestyle beverage machine using?
a. Hybrid lean and agile
b. Agile
c. EOQ
, d. Lean - Correct Answers -a. Hybrid lean and agile
Relocating a function or a process to another country" is called:
a. Outsourcing
b. External functioning
c. Offshoring
d. Globalization - Correct Answers -c. Offshoring
Which of the following flows is characterized as moving both up and down the supply
chain?
a. Information flow
b. Product and service flow
c. Funds flow
d. Returns flow - Correct Answers -a. Information flow
Which information flow is usually initiated closest to production, and often only hours
ahead of time?
a. Forecasting and Replenishment
b. Coordination and Planning
c. Operations and Scheduling
d. Strategy and Cooperation - Correct Answers -c. Operations and Scheduling
Enterprise Resource Planning systems, or ERP, form one critical part of the IT
infrastructure. Its role is best represented as:
a. Facilitation the assignment of specific tasks to specific tools at specific times
b. Analysis and decision-support
c. Enhancing forecast accuracy throughout the supply chain
d. Providing an organization-wide platform for collecting and disseminating data
e. Simultaneous, constraint-based planning - Correct Answers -d. Providing an
organization-wide platform for collecting and disseminating data
Which of the following is NOT an example of an information-enabled supply chain?
a. Nike website allows customers to customize a pair of sneakers
b. General Electric employee in Boston posts a supplier contract to the company
intranet using groupware for use by the Frankfort factory
c. A retailer sends point of sale data to Nestle
d. Ted's Wicked Dive Shop shares inventory information with suppliers only when
placing orders - Correct Answers -d. Ted's Wicked Dive Shop shares inventory
information with suppliers only when placing orders
Which of the following is NOT a driver of time-based competition?
a. Increased focus on customer segmentation
b. Shortening product (and service) life cycles
c. Customers drive for reduced inventories
d. Volatile markets make forecasting dangerous - Correct Answers -a. Increased focus
on customer segmentation
