QDM FINAL EXAM QUESTIONS WITH COMPLETE
ANSWERS.
What raw material do you think the camera lens in your mobile phone is made
from? Answer - Potassium and lead silicates
What is it called when uncertainty and miscommunication among the players
in a supply chain cause over-reactions resulting in sub-optimal results. Answer
- The Bullwhip Effect
When is the many supplier strategy more appropriate? Answer - When
purchasing a less critical product or service from a market that has a number of
qualified providers.
What does RFP stand for? Answer - Request For Proposal
TRUE or FALSE: Vertical Integration can mean either internally developing a
capability that your company needs or purchasing a supplier that already has
that capability. Answer - TRUE
Is a Joint Venture a legal partnership? Answer - Yes - the parties agree to work
together, and their responsibilities and performance requirements are
governed by a contract.
Which of the following best describes a Japanese Keiretsu Network? Answer -
A business alliance formed by several companies in a supply chain
, Consider the OFFICE LAPTOP PURCHASE example.
Assume that on average each offices orders fifty laptops annually. Assuming
our laptop supplier will honor the lowest price of $299 at all seven of our
offices, what is the potential savings from a best price evaluation initiative?
Answer - $6,000 annually
The Make vs Buy (MvB) formula should look familiar to you. What is another
term we could use for the Indifference Quantity? Answer - Crossover Point
Consider the BAGEL SHOP example.
What is the Indifference Quantity? Answer - 56,000 bagels
Consider the BAGEL SHOP example.
What is the annual cost to MAKE 60,000 bagels. Answer - $24,000
Consider the BAGEL SHOP example.
What is the annual cost to BUY 60,000 bagels. Answer - $25,000
Consider the OFFICE SUPPLIES example.
Where would your place the category of OFFIC SUPPLIES on Kruhlich's sourcing
matrix? Answer - Low Impact Low Risk Non-Critical Items
Which trend direction is preferable for percentage of assets invested in
inventory? Answer - Downward
Which trend direction is preferable for inventory turnover? Answer - Upward
ANSWERS.
What raw material do you think the camera lens in your mobile phone is made
from? Answer - Potassium and lead silicates
What is it called when uncertainty and miscommunication among the players
in a supply chain cause over-reactions resulting in sub-optimal results. Answer
- The Bullwhip Effect
When is the many supplier strategy more appropriate? Answer - When
purchasing a less critical product or service from a market that has a number of
qualified providers.
What does RFP stand for? Answer - Request For Proposal
TRUE or FALSE: Vertical Integration can mean either internally developing a
capability that your company needs or purchasing a supplier that already has
that capability. Answer - TRUE
Is a Joint Venture a legal partnership? Answer - Yes - the parties agree to work
together, and their responsibilities and performance requirements are
governed by a contract.
Which of the following best describes a Japanese Keiretsu Network? Answer -
A business alliance formed by several companies in a supply chain
, Consider the OFFICE LAPTOP PURCHASE example.
Assume that on average each offices orders fifty laptops annually. Assuming
our laptop supplier will honor the lowest price of $299 at all seven of our
offices, what is the potential savings from a best price evaluation initiative?
Answer - $6,000 annually
The Make vs Buy (MvB) formula should look familiar to you. What is another
term we could use for the Indifference Quantity? Answer - Crossover Point
Consider the BAGEL SHOP example.
What is the Indifference Quantity? Answer - 56,000 bagels
Consider the BAGEL SHOP example.
What is the annual cost to MAKE 60,000 bagels. Answer - $24,000
Consider the BAGEL SHOP example.
What is the annual cost to BUY 60,000 bagels. Answer - $25,000
Consider the OFFICE SUPPLIES example.
Where would your place the category of OFFIC SUPPLIES on Kruhlich's sourcing
matrix? Answer - Low Impact Low Risk Non-Critical Items
Which trend direction is preferable for percentage of assets invested in
inventory? Answer - Downward
Which trend direction is preferable for inventory turnover? Answer - Upward
