BUAD 331 Exam 3
Which of the following factors typically contribute to increased delays and variability of
lead times in the global supply chain? - ✔️✔️Complexity required for movement of
goods between countries
Define order cycle time. - ✔️✔️The total elapsed time from when the customer first
recognizes need to when that need is ultimately fulfilled
The difference between the customer's desired order cycle time and the total supply
chain order cycle time is known as: - ✔️✔️lead time gap
The economic order quantity (EOQ) model aims to: - ✔️✔️calculate the optimal amount
of inventory to be reordered by balancing ordering costs with carrying costs.
The move to lean and then responsive value creation requires a paradigm shift from a
_______ mentality to a customer ________ mentality. - ✔️✔️product-focused push,
demand-focused pull
In high-end restaurants, steaks are generally cooked after the wait staff place the order
to the kitchen with customers' preference. Which of the following techniques best
describes the fulfillment of steak orders to the final customer? - ✔️✔️Responsive
What negative outcomes can result from large lot-sized, long lead-time operations? -
✔️✔️All of the above
Procurement, conversion, and logistics are activities that must be done to fulfill a
company's exchange commitments. - ✔️✔️True
If average daily demand for a product is 5 units and average lead time for an order to
arrive is 7 days, what is the reorder point (ROP) for the product? - ✔️✔️35 units
Ted and his friend Matt start a new company called Crabman Auto Parts. They have
heard about agile order fulfillment and are interested in implementing it to decrease
costs. Which of the following best describes the strategy Crabman Auto Parts should
follow to take advantage of agile order fulfillment? - ✔️✔️Synchronize information
exchange across the supply chain and form strategic relationships with key customers
and suppliers.
Noodles & Company uses Coca-Cola Freestyle beverage machines that allow people to
select from more than 100 regular and low-calorie brands. What kind of order fulfillment
, technique is Coca-Cola Freestyle beverage machine using? - ✔️✔️Hybrid lean and
agile
What negative impact can result from large lot, long lead-time operations? - ✔️✔️The
items are in places and at times customers don't want them.
Which of the following is not one of the three questions a manager should ask when
making an order fulfillment decision? - ✔️✔️How should we price the product?
If average daily demand for a product is twelve units and average lead time for an order
to arrive is four days, what is the reorder point (ROP) for the product? - ✔️✔️48 units
What is the economic order quantity (EOQ) in this system? - ✔️✔️400 units of
inventory
Lean order fulfillment differs from traditional order fulfillment in that lean utilizes: -
✔️✔️smaller inventory deployment and shorter cycle times
What is one major issue that still exists in a lean fulfillment model? - ✔️✔️Requirement
to hold inventory in anticipation of customer orders
Demand for fashion goods are difficult to predict. Zara produces standardized, un-dyed
clothes beforehand, and then dyes clothes into different colors once end-customer
demand is realized. Why does Zara do this? - ✔️✔️Zara postpones the dyeing process
to help match supply capacity to uncertain demand.
In relation to the overall supply chain, ______ place a priority on cost savings while
_______ place a priority on doing whatever necessary to deliver form, time, and place
as promised on a specific order. - ✔️✔️upstream operations, downstream operations
Ted wanted to paint his upstairs hallway. He selected four different colors of
brown/beige and chose "Puppy Paws," which Lowe's mixed for him on site. This method
of order fulfilment is an example of __________: - ✔️✔️Manufacturing or form
postponement
Ordering supplies twice per year vs. four times per year can result in __________ due
to __________? - ✔️✔️higher inventory carrying costs, higher average inventory levels
Which of the following is not a technique for fulfilling customer orders? - ✔️✔️Supply
cycle time
Which of the following is the primary issue enterprise systems are designed to address?
- ✔️✔️Information fragmentation
Which of the following factors typically contribute to increased delays and variability of
lead times in the global supply chain? - ✔️✔️Complexity required for movement of
goods between countries
Define order cycle time. - ✔️✔️The total elapsed time from when the customer first
recognizes need to when that need is ultimately fulfilled
The difference between the customer's desired order cycle time and the total supply
chain order cycle time is known as: - ✔️✔️lead time gap
The economic order quantity (EOQ) model aims to: - ✔️✔️calculate the optimal amount
of inventory to be reordered by balancing ordering costs with carrying costs.
The move to lean and then responsive value creation requires a paradigm shift from a
_______ mentality to a customer ________ mentality. - ✔️✔️product-focused push,
demand-focused pull
In high-end restaurants, steaks are generally cooked after the wait staff place the order
to the kitchen with customers' preference. Which of the following techniques best
describes the fulfillment of steak orders to the final customer? - ✔️✔️Responsive
What negative outcomes can result from large lot-sized, long lead-time operations? -
✔️✔️All of the above
Procurement, conversion, and logistics are activities that must be done to fulfill a
company's exchange commitments. - ✔️✔️True
If average daily demand for a product is 5 units and average lead time for an order to
arrive is 7 days, what is the reorder point (ROP) for the product? - ✔️✔️35 units
Ted and his friend Matt start a new company called Crabman Auto Parts. They have
heard about agile order fulfillment and are interested in implementing it to decrease
costs. Which of the following best describes the strategy Crabman Auto Parts should
follow to take advantage of agile order fulfillment? - ✔️✔️Synchronize information
exchange across the supply chain and form strategic relationships with key customers
and suppliers.
Noodles & Company uses Coca-Cola Freestyle beverage machines that allow people to
select from more than 100 regular and low-calorie brands. What kind of order fulfillment
, technique is Coca-Cola Freestyle beverage machine using? - ✔️✔️Hybrid lean and
agile
What negative impact can result from large lot, long lead-time operations? - ✔️✔️The
items are in places and at times customers don't want them.
Which of the following is not one of the three questions a manager should ask when
making an order fulfillment decision? - ✔️✔️How should we price the product?
If average daily demand for a product is twelve units and average lead time for an order
to arrive is four days, what is the reorder point (ROP) for the product? - ✔️✔️48 units
What is the economic order quantity (EOQ) in this system? - ✔️✔️400 units of
inventory
Lean order fulfillment differs from traditional order fulfillment in that lean utilizes: -
✔️✔️smaller inventory deployment and shorter cycle times
What is one major issue that still exists in a lean fulfillment model? - ✔️✔️Requirement
to hold inventory in anticipation of customer orders
Demand for fashion goods are difficult to predict. Zara produces standardized, un-dyed
clothes beforehand, and then dyes clothes into different colors once end-customer
demand is realized. Why does Zara do this? - ✔️✔️Zara postpones the dyeing process
to help match supply capacity to uncertain demand.
In relation to the overall supply chain, ______ place a priority on cost savings while
_______ place a priority on doing whatever necessary to deliver form, time, and place
as promised on a specific order. - ✔️✔️upstream operations, downstream operations
Ted wanted to paint his upstairs hallway. He selected four different colors of
brown/beige and chose "Puppy Paws," which Lowe's mixed for him on site. This method
of order fulfilment is an example of __________: - ✔️✔️Manufacturing or form
postponement
Ordering supplies twice per year vs. four times per year can result in __________ due
to __________? - ✔️✔️higher inventory carrying costs, higher average inventory levels
Which of the following is not a technique for fulfilling customer orders? - ✔️✔️Supply
cycle time
Which of the following is the primary issue enterprise systems are designed to address?
- ✔️✔️Information fragmentation
