WGU C215 OPERATIONS MANAGEMENT OBJECTIVE Exam WITH 200 Questions AND ANSWERS

WGU C215 OPERATIONS MANAGEMENT OBJECTIVE Exam WITH 200 Questions AND ANSWERS Which tier-level supplier directly supplies materials or services to a processing and packaging plant? a. Tier one suppliers b. Tier two suppliers c. Tier three suppliers d. Tier four suppliers e. Tier five suppliers - ANSWER-c Which role do third-party logistics providers play in the supply chain? a. Internal distributors b. Tier three distributors c. Tier two distributors d. External distributors - ANSWER-d A company manufactures and distributes its own products. When should the company consider outsourcing its distribution? a. When the company determines that distribution is no longer a core function 2 | P a g e b. When new federal regulations give the company a competitive advantage c. When the company can no longer accurately forecast its transportation costs d. When the company's distribution costs are the lowest in the industry - ANSWER-a What is the measure of how much supply chain is owned or operated by the manufacturer? a. Horizontal integration b. Vertical integration c. Outsource integration d. Insource integration - ANSWER-Vertical integration Which two areas should managers consider in order to adapt to the business dynamics affecting their company? a. Their influence and leverage over supplies b. Their advertising costs c. Their influence over future legislation and regulations d. Their control over internal operations - ANSWER-a, d What are two strategic objectives for every member of the supply chain? a. Increasing end-customer demand b. Finding the best distribution location c. Increasing cost effectiveness d. Becoming more efficient e. Reducing production and delivery times - ANSWER-c, d 3 | P a g e How does the status of overall customer satisfaction support supply chain objectives? a. It measures space requirements. b. It measures compliance. c. It measures efficiency. d. It measures capacity utilization. - ANSWER-c What is the name of the model that has been created to examine the four different supply chain perspectives of reliability, flexibility, expenses, and assets/utilization? a. SCOR (Supply Chain Operations Reference) b. SCM (Supply Chain Metrics) c. SCAM (Supply Chain Accreditation Model) d. RFEAU (Reliability Flexibility Expenses and Asset Utilization) - ANSWER-a The annual cost of goods sold for a company is $8,400,000 and the average inventory is $1,200,000. What is the number of weeks of supply? a. 5 b. 6 c. 7 d. 8 e. 9 - ANSWER-c 4 | P a g e A manufacturing firm uses warehouses and shippers in their supply chain. At which stage of the firm's inventory management system would the statement "percentage of line items shipped on schedule" be used? a. Raw materials b. Work-in-progress c. Finished goods d. Sold goods - ANSWER-c How does inventory management differ for manufacturing organizations compared to service organizations? a. Manufacturing organizations must maintain tangible inventory. b. Manufacturing organizations must keep large amounts of product on hand at all times, regardless of demand. c. Service organizations must maintain work in progress types of inventory. d. Service organizations are concerned with managing idle time due to material and component shortages. - ANSWER-a What is one advantage of a periodic review system? a. All items are reviewed during the same time interval. b. Inventory balances are updated after every transaction. c. Less inventory is needed to protect against stockouts. d. Items are handled individually. - ANSWER-a A company's monthly widgets demand has been consistent for the past few years but now a variable shift in demand is forecasted.