PRACTICE QUESTIONS AND ANSWERS
100% VERIFIED
Sources of supply chain cost are: - ANSWER--The difference between costs incurred
and costs delayed
-Flows of information, products, or funds between stages of the supply chain***
-The sum of the costs incurred and the costs delayed
-None of the above
Regarding a company's supply chain strategy, the extremes of the cost spectrum are
represented by the terms: - ANSWER--Responsive and efficient***
-Dynamic and static
-Rigid and flexible
-Discrete and continuous
The advantage a company has in attracting new customers and defending against the
loss of current customers to competitors is known as: - ANSWER--Cumulative
advantage
-Continuous advantage
-Competitive advantage***
-Customer advantage
What is the title of the strategy that determines the nature of material procurement,
transportation of materials, manufacture of product or creation of service, distribution of
product? - ANSWER--Supply Chain Strategy***
-Product and Service Development Strategy
-Marketing and Sales Strategy
-Human Resource Strategy
Which driver of information, product and funds movement is "the set of business
processes required to purchase goods and services"? - ANSWER--Information
-Pricing
-Sourcing***
-Inventory
Which driver of information, product and funds movement is "the data and analysis
concerning facilities, inventory, transportation, cost, prices, and customers"? -
ANSWER--Information***
-Pricing
-Sourcing
-Inventory
, Which driver of information, product and funds movement is "the process by which a
company decides how much to charge for its products or services"? - ANSWER--
Information
-Pricing***
-Sourcing
-Inventory
Those characteristics that get potential customers to consider buying your products and
services. - ANSWER--Order initiation
-Order winners
-Order qualifiers***
-Order profiles
All customer orders that have not shipped. Includes past due, current, and future orders
are: - ANSWER--Backlog***
-Backorder
-Backwater
-None of the above
Tires used in the assembly of a car would be an example of what type of "demand"? -
ANSWER--Dependent***
-Convergent
-Divergent
-Independent
Tires used for replacement items for your car would be an example of what type of
"demand"? - ANSWER--Dependent
-Convergent
-Divergent
-Independent***
Which one of the following statements is correct about forecasting? - ANSWER--
Forecasts are usually correct
-Long-term forecasts are more accurate than short-term forecasts
-Aggregate forecasts are less accurate than disaggregate forecasts
-None of the above are correct statements about forecasts***
The meeting of forecasted demand, while minimizing cost over the planning horizon, is
the objective of: - ANSWER--Cross planning
-Aggregate planning***
-Vendor managed planning
-Moving average planning