MANGT 421 Exam 3 Concepts Review
questions n answers graded A+
Arnold Palmer Hospital's approach to supply chains is - correct answer ✔✔Member of a long
term regional purchasing organization.
What is the name of the alliance formed by Arnold Palmer Hospital and seven other hospitals to
improve supply chain performance? - correct answer ✔✔Health Care Purchasing Alliance
Arnold Palmer Hospital utilizes a 3 tiered supply chain for some medical needs. How man tiers
are involved for their surgical packs? - correct answer ✔✔3
A supply chain ends with - correct answer ✔✔A satisfied customer
T/F- An increased sales effort may help a firm reach its profit goals more easily than would
effective cost cutting. - correct answer ✔✔False
Prior to embarking on supply chain design, operations managers must first consider what? -
correct answer ✔✔"make-or-buy" & outsourcing decisions
What is transferring a firm's activities that have traditionally been internal to external suppliers?
- correct answer ✔✔Outsourcing
The advantage of having many potential suppliers is their willingness to do what? - correct
answer ✔✔Offer lower prices in the short term
The advantage of having few suppliers is to - correct answer ✔✔form a long-term relationship
, Developing the ability to produce goods or services previously purchased or actually buying a
supplier or a distributor - correct answer ✔✔Vertical Integration
Cross-sourcing uses....for a component & a....for another component, where each acts as.... -
correct answer ✔✔one supplier; second supplier; a backup for the other.
Purchasing contracts that address price fluctuations could.... - correct answer ✔✔reduce
economic risk
A lawnmower assembly plant uses a variety of nuts, bolts, screws, and other fasteners in its
operation. Its supplier delivers these items directly to the point of use on the assembly line and
ensures that there are always sufficient quantities of fasteners to maintain the production
schedule. - correct answer ✔✔Vendor-managed inventory
What is a long-term purchase commitment to a supplier for items that are to be delivered
against short-term releases to ship? - correct answer ✔✔Blanket Order
Which of the following is the first stage of supplier selection? - correct answer ✔✔Supplier
Evaluation
What is increasingly using computers to manage its operations? - correct answer ✔✔Trucking
What is a fast-growing mode of shipping? - correct answer ✔✔Airfreight
WOTF is NOT true regarding channel assembly? - correct answer ✔✔Channel assembly sends
individual components, modules, & finished products, to the distributor.
questions n answers graded A+
Arnold Palmer Hospital's approach to supply chains is - correct answer ✔✔Member of a long
term regional purchasing organization.
What is the name of the alliance formed by Arnold Palmer Hospital and seven other hospitals to
improve supply chain performance? - correct answer ✔✔Health Care Purchasing Alliance
Arnold Palmer Hospital utilizes a 3 tiered supply chain for some medical needs. How man tiers
are involved for their surgical packs? - correct answer ✔✔3
A supply chain ends with - correct answer ✔✔A satisfied customer
T/F- An increased sales effort may help a firm reach its profit goals more easily than would
effective cost cutting. - correct answer ✔✔False
Prior to embarking on supply chain design, operations managers must first consider what? -
correct answer ✔✔"make-or-buy" & outsourcing decisions
What is transferring a firm's activities that have traditionally been internal to external suppliers?
- correct answer ✔✔Outsourcing
The advantage of having many potential suppliers is their willingness to do what? - correct
answer ✔✔Offer lower prices in the short term
The advantage of having few suppliers is to - correct answer ✔✔form a long-term relationship
, Developing the ability to produce goods or services previously purchased or actually buying a
supplier or a distributor - correct answer ✔✔Vertical Integration
Cross-sourcing uses....for a component & a....for another component, where each acts as.... -
correct answer ✔✔one supplier; second supplier; a backup for the other.
Purchasing contracts that address price fluctuations could.... - correct answer ✔✔reduce
economic risk
A lawnmower assembly plant uses a variety of nuts, bolts, screws, and other fasteners in its
operation. Its supplier delivers these items directly to the point of use on the assembly line and
ensures that there are always sufficient quantities of fasteners to maintain the production
schedule. - correct answer ✔✔Vendor-managed inventory
What is a long-term purchase commitment to a supplier for items that are to be delivered
against short-term releases to ship? - correct answer ✔✔Blanket Order
Which of the following is the first stage of supplier selection? - correct answer ✔✔Supplier
Evaluation
What is increasingly using computers to manage its operations? - correct answer ✔✔Trucking
What is a fast-growing mode of shipping? - correct answer ✔✔Airfreight
WOTF is NOT true regarding channel assembly? - correct answer ✔✔Channel assembly sends
individual components, modules, & finished products, to the distributor.
