ISQS 3344 STUDY GUIDE EXAM 2026/2027 QUESTIONS
AND ANSWERS RATED A+
✔✔Heavenly Mana Laboratories is a group of companies with a worldwide reach,
manufacturing considerable quantities of a migraine-suppressing prescription drug. The
setup time for manufacturing the drug is 275 minutes, the processing time is 12
minutes, and the order size is 500 units. Given this information, choose the correct
amount of total time necessary to meet the provided production volume? - ✔✔6275
minutes
275+ (500*12)
✔✔Excellent Balls Inc., a soccer ball manufacturing company, adheres to a policy of
manufacturing soccer balls only when the demand is greater than the amount of goods
already manufactured. In this scenario, Excellent Balls Inc. most likely uses a ________
to expand its capacity. - ✔✔Capacity lag strategy
✔✔A dentistry practice charges patients $30 who don't cancel their appointment at least
24 hours before their scheduled appointment and subsequently do not show up. With
this information in mind, choose the appropriate system or strategy that could manage
the practice's idle service capacity risk - ✔✔A Revenue Management System (RMS)
✔✔The chief dissimilarity between unfocused factories and focused factories is that
unfocused factories have _______. - ✔✔dissimilar product lines
✔✔Bob has a business that needs a revenue management system. There are several
to choose from, and he wants to make sure the elements that comprise the system
coincide with the functionality of his business. A couple elements the system needs to
account for are forecasting and allocation. A couple other elements needed are
overbooking and pricing. If all these elements were to work together in unison, Bob's
objective must be to _______. - ✔✔maximize the revenue generated by a perishable
asset
✔✔Suppose you want to shift and stimulate demand to manage capacity. Which of the
following methods below would allow you to accomplish this? - ✔✔Adding peripheral
goods and/or services
✔✔Select the statement that is most representative of purchasing. - ✔✔It can have a
significant impact on total supply chain costs.
✔✔Which discipline manages the flow of materials and transportation activities,
ensuring satisfactory customer service at a reasonable cost? - ✔✔Logistics
, ✔✔Bark Bits, a dog treats store, has cost of goods sold equivalent to $1,200,000. The
dog treats store also has $450,000 in total average on-hand inventory. Considering the
business has 250 operating days in a year, what is the cost of goods sold per day? -
✔✔$4800
$1,200,000/250 days
✔✔Consider the Supply Chain Operations Reference (SCOR) model. Which function of
this model includes managing orders, transportation, and distribution to provide goods
and services? - ✔✔Deliver
✔✔Which supply chain function incorporates acquiring tools, services, raw materials,
component parts, and any other items necessary from external suppliers? -
✔✔Procurement
✔✔Which of the following is the entity engaged in coordinating and sharing information
between sellers and buyers? This entity can be either virtual or real. - ✔✔Intermediary
✔✔Choose the most accurate statement as it pertains to order amplification. - ✔✔Order
amplification in the supply chain leads to the Bullwhip effect.
✔✔Who specializes in dealing with all aspects of customers returning a manufactured
good or delivered service and requesting a refund? Other responsibilities of this entity
may also include repairing the manufactured good and returning it back to the customer,
and/or invoking the service guarantee. - ✔✔Return facilitators
✔✔Choose the remark that best describes a drawback of vendor-managed inventory
(VMI). - ✔✔It often results in higher customer inventories than necessary
✔✔Barry White is the materials manager at a retail store. He has discovered a
particular product experienced five turns last year with an annual sales volume of
$15,000,000. Determine the mean inventory value for this product last year. - ✔✔3
Million
15,000,000/5
✔✔Which kind of inventory is the type that has been ordered but is in transit? -
✔✔Pipeline Inventory
✔✔Which function of a supply chain includes the elements of managing company-
owned vehicle fleets and selecting transportation carriers? - ✔✔Logistics
AND ANSWERS RATED A+
✔✔Heavenly Mana Laboratories is a group of companies with a worldwide reach,
manufacturing considerable quantities of a migraine-suppressing prescription drug. The
setup time for manufacturing the drug is 275 minutes, the processing time is 12
minutes, and the order size is 500 units. Given this information, choose the correct
amount of total time necessary to meet the provided production volume? - ✔✔6275
minutes
275+ (500*12)
✔✔Excellent Balls Inc., a soccer ball manufacturing company, adheres to a policy of
manufacturing soccer balls only when the demand is greater than the amount of goods
already manufactured. In this scenario, Excellent Balls Inc. most likely uses a ________
to expand its capacity. - ✔✔Capacity lag strategy
✔✔A dentistry practice charges patients $30 who don't cancel their appointment at least
24 hours before their scheduled appointment and subsequently do not show up. With
this information in mind, choose the appropriate system or strategy that could manage
the practice's idle service capacity risk - ✔✔A Revenue Management System (RMS)
✔✔The chief dissimilarity between unfocused factories and focused factories is that
unfocused factories have _______. - ✔✔dissimilar product lines
✔✔Bob has a business that needs a revenue management system. There are several
to choose from, and he wants to make sure the elements that comprise the system
coincide with the functionality of his business. A couple elements the system needs to
account for are forecasting and allocation. A couple other elements needed are
overbooking and pricing. If all these elements were to work together in unison, Bob's
objective must be to _______. - ✔✔maximize the revenue generated by a perishable
asset
✔✔Suppose you want to shift and stimulate demand to manage capacity. Which of the
following methods below would allow you to accomplish this? - ✔✔Adding peripheral
goods and/or services
✔✔Select the statement that is most representative of purchasing. - ✔✔It can have a
significant impact on total supply chain costs.
✔✔Which discipline manages the flow of materials and transportation activities,
ensuring satisfactory customer service at a reasonable cost? - ✔✔Logistics
, ✔✔Bark Bits, a dog treats store, has cost of goods sold equivalent to $1,200,000. The
dog treats store also has $450,000 in total average on-hand inventory. Considering the
business has 250 operating days in a year, what is the cost of goods sold per day? -
✔✔$4800
$1,200,000/250 days
✔✔Consider the Supply Chain Operations Reference (SCOR) model. Which function of
this model includes managing orders, transportation, and distribution to provide goods
and services? - ✔✔Deliver
✔✔Which supply chain function incorporates acquiring tools, services, raw materials,
component parts, and any other items necessary from external suppliers? -
✔✔Procurement
✔✔Which of the following is the entity engaged in coordinating and sharing information
between sellers and buyers? This entity can be either virtual or real. - ✔✔Intermediary
✔✔Choose the most accurate statement as it pertains to order amplification. - ✔✔Order
amplification in the supply chain leads to the Bullwhip effect.
✔✔Who specializes in dealing with all aspects of customers returning a manufactured
good or delivered service and requesting a refund? Other responsibilities of this entity
may also include repairing the manufactured good and returning it back to the customer,
and/or invoking the service guarantee. - ✔✔Return facilitators
✔✔Choose the remark that best describes a drawback of vendor-managed inventory
(VMI). - ✔✔It often results in higher customer inventories than necessary
✔✔Barry White is the materials manager at a retail store. He has discovered a
particular product experienced five turns last year with an annual sales volume of
$15,000,000. Determine the mean inventory value for this product last year. - ✔✔3
Million
15,000,000/5
✔✔Which kind of inventory is the type that has been ordered but is in transit? -
✔✔Pipeline Inventory
✔✔Which function of a supply chain includes the elements of managing company-
owned vehicle fleets and selecting transportation carriers? - ✔✔Logistics
