OM 300 Final Exam Newest 2025 With Complete 250 Questions And Correct Detailed Answers
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Drop shipping results in time and shipping cost savings. - (answer)true
The supply chain management opportunity called postponement involves delaying deliveries to avoid
accumulation of inventory at the customer's site. - (answer)false
Channel assembly, which sends components and modules to be assembled by a distributor, treats these
distributors as manufacturing partners. - (answer)true
Blanket orders are a long-term purchase commitment to a supplier for items that are to be delivered
against short-term releases to ship. - (answer)true
Bar code and radio frequency technology, like that used to track UPS or FedEx packages on their global
journeys, can also be used to track objects within the boundaries of a warehouse or shop. - (answer)true
Waterways are an attractive distribution system when speed is more important than shipping cost. -
(answer)false
Logistics management can provide a competitive advantage through improved customer service. -
(answer)true
With the growth of just-in-time practices, railroads have made large gains in the share of the nation's
transport that they haul. - (answer)false
Improvements in security, especially regarding the millions of shipping containers that enter the U.S.
each year, are being held back by the lack of technological advances. - (answer)false
Benchmark firms have driven down costs of supply chain performance. - (answer)true
,OM 300 Final Exam Newest 2025 With Complete 250 Questions And Correct Detailed Answers
(Verified Answers) |Already Graded A+||Newest Version!!
The three major variations of online catalogs are - (answer)catalogs by vendors, catalogs by
intermediaries, and exchanges provided by buyers
Visibility throughout the supply chain is a requirement among supply chain members for -
(answer)mutual trust
Which of the following is not a concern of the supply chain? - (answer)maintenance scheduling
What type of negotiating strategy requires the supplier to open its books to the purchasers? -
(answer)cost-based price model
Which of the following statements is true regarding the leverage of supply chain savings? -
(answer)Supply chain savings exert more leverage as the firm has a lower net profit margin.
One dollar saved in purchasing is - (answer)worth even more than a dollar earned in sales revenue
Which one of the following statements about purchasing is true? - (answer)Purchasing has an impact on
the quality of the goods and services sold.
In the make-or-buy decision, one of the reasons for making is - (answer)to assure adequate supply in
terms of quantity
In the make-or-buy decision, which of the following is a reason for making an item? - (answer)lower
production cost
In the make-or-buy decision, one of the reasons for buying is - (answer)inadequate capacity
,OM 300 Final Exam Newest 2025 With Complete 250 Questions And Correct Detailed Answers
(Verified Answers) |Already Graded A+||Newest Version!!
In the make-or-buy decision, which of the following is not a reason for buying? - (answer)to obtain
desired quality
Outsourcing - (answer)all of the above are true of outsourcing
The transfer of some of what are traditional internal activities and resources of a firm to outside vendors
is - (answer)outsourcing
The Institute for Supply Management - (answer)publishes the principles and standards for ethical supply
management conduct
In supply chain management, ethical issues - (answer)all of the above are true
Keeping a product generic as long as possible before customizing is known as - (answer)postponement
Which one of the following is not a supply chain strategy? - (answer)short-term relationships with few
suppliers
A disadvantage of the "few suppliers" strategy is - (answer)the high cost of changing partners
The purchasing approach that holds the suppliers responsible for maintaining the necessary technology,
expertise, and forecasting ability plus cost, quality, and delivery competencies is - (answer)many
suppliers
Which of the following is not an advantage of the "few suppliers" concept? - (answer)vulnerability of
trade secrets
, OM 300 Final Exam Newest 2025 With Complete 250 Questions And Correct Detailed Answers
(Verified Answers) |Already Graded A+||Newest Version!!
Which of the following supply chain strategies creates value by allowing suppliers to have economies of
scale? - (answer)long-term partnering with a few suppliers
Which of the following is not a condition that favors the success of vertical integration? - (answer)small
market share
Which of the following best describes vertical integration? - (answer)to produce goods or services
previously purchased
A fried chicken fast-food chain that acquired feed mills and poultry farms has performed -
(answer)backward integration
Vertical integration appears particularly advantageous when the organization has - (answer)a large
market share
A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors.
This is an example of - (answer)forward integration
Japanese manufacturers often take a middle ground between purchasing from a few suppliers and
vertical integration. This approach is - (answer)keiretsu
The Japanese concept of a company coalition of suppliers is - (answer)keiretsu
Which of the following is not an advantage of a virtual company? - (answer)total control over every
aspect of the organization
(Verified Answers) |Already Graded A+||Newest Version!!
Drop shipping results in time and shipping cost savings. - (answer)true
The supply chain management opportunity called postponement involves delaying deliveries to avoid
accumulation of inventory at the customer's site. - (answer)false
Channel assembly, which sends components and modules to be assembled by a distributor, treats these
distributors as manufacturing partners. - (answer)true
Blanket orders are a long-term purchase commitment to a supplier for items that are to be delivered
against short-term releases to ship. - (answer)true
Bar code and radio frequency technology, like that used to track UPS or FedEx packages on their global
journeys, can also be used to track objects within the boundaries of a warehouse or shop. - (answer)true
Waterways are an attractive distribution system when speed is more important than shipping cost. -
(answer)false
Logistics management can provide a competitive advantage through improved customer service. -
(answer)true
With the growth of just-in-time practices, railroads have made large gains in the share of the nation's
transport that they haul. - (answer)false
Improvements in security, especially regarding the millions of shipping containers that enter the U.S.
each year, are being held back by the lack of technological advances. - (answer)false
Benchmark firms have driven down costs of supply chain performance. - (answer)true
,OM 300 Final Exam Newest 2025 With Complete 250 Questions And Correct Detailed Answers
(Verified Answers) |Already Graded A+||Newest Version!!
The three major variations of online catalogs are - (answer)catalogs by vendors, catalogs by
intermediaries, and exchanges provided by buyers
Visibility throughout the supply chain is a requirement among supply chain members for -
(answer)mutual trust
Which of the following is not a concern of the supply chain? - (answer)maintenance scheduling
What type of negotiating strategy requires the supplier to open its books to the purchasers? -
(answer)cost-based price model
Which of the following statements is true regarding the leverage of supply chain savings? -
(answer)Supply chain savings exert more leverage as the firm has a lower net profit margin.
One dollar saved in purchasing is - (answer)worth even more than a dollar earned in sales revenue
Which one of the following statements about purchasing is true? - (answer)Purchasing has an impact on
the quality of the goods and services sold.
In the make-or-buy decision, one of the reasons for making is - (answer)to assure adequate supply in
terms of quantity
In the make-or-buy decision, which of the following is a reason for making an item? - (answer)lower
production cost
In the make-or-buy decision, one of the reasons for buying is - (answer)inadequate capacity
,OM 300 Final Exam Newest 2025 With Complete 250 Questions And Correct Detailed Answers
(Verified Answers) |Already Graded A+||Newest Version!!
In the make-or-buy decision, which of the following is not a reason for buying? - (answer)to obtain
desired quality
Outsourcing - (answer)all of the above are true of outsourcing
The transfer of some of what are traditional internal activities and resources of a firm to outside vendors
is - (answer)outsourcing
The Institute for Supply Management - (answer)publishes the principles and standards for ethical supply
management conduct
In supply chain management, ethical issues - (answer)all of the above are true
Keeping a product generic as long as possible before customizing is known as - (answer)postponement
Which one of the following is not a supply chain strategy? - (answer)short-term relationships with few
suppliers
A disadvantage of the "few suppliers" strategy is - (answer)the high cost of changing partners
The purchasing approach that holds the suppliers responsible for maintaining the necessary technology,
expertise, and forecasting ability plus cost, quality, and delivery competencies is - (answer)many
suppliers
Which of the following is not an advantage of the "few suppliers" concept? - (answer)vulnerability of
trade secrets
, OM 300 Final Exam Newest 2025 With Complete 250 Questions And Correct Detailed Answers
(Verified Answers) |Already Graded A+||Newest Version!!
Which of the following supply chain strategies creates value by allowing suppliers to have economies of
scale? - (answer)long-term partnering with a few suppliers
Which of the following is not a condition that favors the success of vertical integration? - (answer)small
market share
Which of the following best describes vertical integration? - (answer)to produce goods or services
previously purchased
A fried chicken fast-food chain that acquired feed mills and poultry farms has performed -
(answer)backward integration
Vertical integration appears particularly advantageous when the organization has - (answer)a large
market share
A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors.
This is an example of - (answer)forward integration
Japanese manufacturers often take a middle ground between purchasing from a few suppliers and
vertical integration. This approach is - (answer)keiretsu
The Japanese concept of a company coalition of suppliers is - (answer)keiretsu
Which of the following is not an advantage of a virtual company? - (answer)total control over every
aspect of the organization
