BUAD 331 Supply Chain Exam 2 |155
Questions and Answers
Key factors for ensuring that products flow in a synchronous, coordinated
fashion through the supply chain include: - -Information sharing and process
synchronization
- What is one benefit of buyer-seller collaboration in synchronized supply
chain? - -Demand information is captured and communicated in near real-
time
- Which of the following is FALSE concerning "Quick Response" and "Vendor
Managed Inventory" techniques? - -It uses supplier generated forecasts of
demand to push large volumes of product to retail shelves.
- Leading organizations have long recognized that a key enabler of success
in supply chain management is: - -State of the art information system
capabilities
- What is the demand penetration point? - -The point in the supply chain
where actual demand information triggers an operational response
- Improved demand visibility enables the company to: - -All of the above
- Enterprise Resource Planning systems, or ERP, form one critical part of the
IT infrastructure. Its role is best represented as: - -Providing an organization-
wide platform for collecting and disseminating data
- Ted's computer exploded in class on Monday. He must order a new on
through the UT procurement and replenishment process. It takes 10 days to
place the order with Del, 5 days to build and ship the computer, and 20 days
to receive it at UT, load required software and deliver to Ted's office. If you
were a supply chain manager at UT committed to changing ... - -Negotiate
with Dell to standardize pricing, give Dell access to actual demand, and hold
them responsible for direct delivery.
- The sum of the vertical axes of the supply chain map in Figure 3 indicate: -
-The amount of time to drain the system of non-value added inventory
- Ted must decide how to manage replenishment orders for the products
that he sells in his Wicked Dive Shop. Lean order fulfillment would be most
appropriate for products with which of the following characteristics? - -High
volume, predictable sales, low relative product cost, long product life cycle
, - What is the lead time for receiving inventory once an order is placed in
Figure 4 above: - -10 days
- Assuming constant demand rate, how many units of inventory will be left
by the end of the 19th day of the cycle? - -20 left
- Assumptions of the Simple or Naive EOQ Inventory Model include: - -- a
constant and know rate of demand
- a constant and known replenishment cycle or lead time)
- In figure 5 above, the point where the inventory carrying cost curve and
the order/set-up cost curve cross represents which of the following? - -
Economic Order Quantity
- Supply chain pipeline managements seeks to meet the competitive
challenge of increasing the speed of response to market needs through: - -
Improving visibility into demand and supply combined with faster order cycle
time
- Ted's wife Lori wanted to paint the upstairs hallway. She selected 4
different colors of brown/beige and chose "Puppy Paws," which Lowe's mixed
for her on site. This method of order fulfillment is an example of... - -
Manufacturing postponement
- The supply chain execution component of an IT system provides what type
of functionality? - -Provides operations managers with a tool to manage the
input resources required to do the job given planned levels of required
output
- Extended enterprise relationships are best used in which of the following
situations? - -Working with a supplier of a key component to strategically
reduce lead time
- A company is contemplating different order fulfillment techniques to use
for a particular product. They have run cost models and come up with the
data shown below. Assuming they decided to adopt full agile/responsive
order fulfillment, which case below would exemplify the costs associated
with this strategy? - -Case D
Purchasing Costs 300 million
Production Costs 300 million
Distribution Costs 300 million
Total Inventory ZERO
- The economic order quantity (EOQ) model attempts to: - -Calculate the
optimal amount of inventory to be reordered by balancing ordering costs
with carrying costs
Questions and Answers
Key factors for ensuring that products flow in a synchronous, coordinated
fashion through the supply chain include: - -Information sharing and process
synchronization
- What is one benefit of buyer-seller collaboration in synchronized supply
chain? - -Demand information is captured and communicated in near real-
time
- Which of the following is FALSE concerning "Quick Response" and "Vendor
Managed Inventory" techniques? - -It uses supplier generated forecasts of
demand to push large volumes of product to retail shelves.
- Leading organizations have long recognized that a key enabler of success
in supply chain management is: - -State of the art information system
capabilities
- What is the demand penetration point? - -The point in the supply chain
where actual demand information triggers an operational response
- Improved demand visibility enables the company to: - -All of the above
- Enterprise Resource Planning systems, or ERP, form one critical part of the
IT infrastructure. Its role is best represented as: - -Providing an organization-
wide platform for collecting and disseminating data
- Ted's computer exploded in class on Monday. He must order a new on
through the UT procurement and replenishment process. It takes 10 days to
place the order with Del, 5 days to build and ship the computer, and 20 days
to receive it at UT, load required software and deliver to Ted's office. If you
were a supply chain manager at UT committed to changing ... - -Negotiate
with Dell to standardize pricing, give Dell access to actual demand, and hold
them responsible for direct delivery.
- The sum of the vertical axes of the supply chain map in Figure 3 indicate: -
-The amount of time to drain the system of non-value added inventory
- Ted must decide how to manage replenishment orders for the products
that he sells in his Wicked Dive Shop. Lean order fulfillment would be most
appropriate for products with which of the following characteristics? - -High
volume, predictable sales, low relative product cost, long product life cycle
, - What is the lead time for receiving inventory once an order is placed in
Figure 4 above: - -10 days
- Assuming constant demand rate, how many units of inventory will be left
by the end of the 19th day of the cycle? - -20 left
- Assumptions of the Simple or Naive EOQ Inventory Model include: - -- a
constant and know rate of demand
- a constant and known replenishment cycle or lead time)
- In figure 5 above, the point where the inventory carrying cost curve and
the order/set-up cost curve cross represents which of the following? - -
Economic Order Quantity
- Supply chain pipeline managements seeks to meet the competitive
challenge of increasing the speed of response to market needs through: - -
Improving visibility into demand and supply combined with faster order cycle
time
- Ted's wife Lori wanted to paint the upstairs hallway. She selected 4
different colors of brown/beige and chose "Puppy Paws," which Lowe's mixed
for her on site. This method of order fulfillment is an example of... - -
Manufacturing postponement
- The supply chain execution component of an IT system provides what type
of functionality? - -Provides operations managers with a tool to manage the
input resources required to do the job given planned levels of required
output
- Extended enterprise relationships are best used in which of the following
situations? - -Working with a supplier of a key component to strategically
reduce lead time
- A company is contemplating different order fulfillment techniques to use
for a particular product. They have run cost models and come up with the
data shown below. Assuming they decided to adopt full agile/responsive
order fulfillment, which case below would exemplify the costs associated
with this strategy? - -Case D
Purchasing Costs 300 million
Production Costs 300 million
Distribution Costs 300 million
Total Inventory ZERO
- The economic order quantity (EOQ) model attempts to: - -Calculate the
optimal amount of inventory to be reordered by balancing ordering costs
with carrying costs
