Question 1

In supply chain management,ethical issues:

Accepted Answer

A)  are particularly important because of the enormous opportunities for abuse.
B)  may be guided by company rules and codes of conduct.
C)  become more complex the more global is the supply chain.
D)  may be guided by the principles and standards of the Institute for Supply Management.
E)  All of the above are true.F) A) and D)
G) A) and E)

Question 2

A disadvantage of the "few suppliers" sourcing strategy is:

Accepted Answer

A)  the risk of not being ready for technological change.
B)  the lack of cost savings for customers and suppliers.
C)  possible violations of the Sherman Antitrust Act.
D)  the high cost of changing partners.
E)  the suppliers are less likely to understand the broad objectives of the procuring firm and the end customer.F) A) and E)
G) A) and C)

Question 3

What is the trucking industry doing to improve efficiency?

Accepted Answer

Trucking firms are using computers to mo...

Question 4

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed which of the following?

Accepted Answer

A)  horizontal integration
B)  forward integration
C)  backward integration
D)  current transformation
E)  job expansionF) A) and D)
G) A) and B)

Question 5

Japanese manufacturers often pursue a strategy that is part collaboration,part purchasing from a few suppliers,and part vertical integration.What is this approach called?

Accepted Answer

A)  kanban
B)  keiretsu
C)  samurai
D)  poka-yoke
E)  kaizenF) A) and B)
G) D) and E)

Question 6

Outsourcing refers to transferring a firm's activities that have traditionally been internal to external suppliers.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is NOT an advantage of the "few suppliers" sourcing strategy?

Accepted Answer

A)  suppliers have a learning curve that yields lower transaction and production costs
B)  suppliers are more likely to understand the broad objectives of the end customer
C)  less vulnerable trade secrets
D)  creation of value by allowing suppliers to have economies of scale
E)  suppliers' willingness to provide technological expertiseF) None of the above
G) C) and D)

Question 8

Which one of the following is NOT one of the six sourcing strategies?

Accepted Answer

A)  negotiation with many suppliers
B)  vertical integration
C)  keiretsu
D)  short-term relationships with few suppliers
E)  virtual companiesF) A) and B)
G) B) and D)

Question 9

Keiretsu refers to a company coalition that is part collaboration,part purchasing from many suppliers,and part vertical integration.

Accepted Answer

A) True 
 B)False

Question 10

As the number of facilities increases,total logistics costs tend to follow a curve that first rises,then declines.

Accepted Answer

A) True 
 B)False

Question 11

The supply chain management opportunity called postponement involves delaying deliveries to avoid accumulation of inventory at the customer's site.

Accepted Answer

A) True 
 B)False

Question 12

Local optimization is a supply-chain complication best described as:

Accepted Answer

A)  optimizing one's local area without full knowledge of supply chain needs.
B)  obtaining very high production efficiency in a decentralized supply chain.
C)  the prerequisite of global optimization.
D)  the result of supply chains built on suppliers with compatible corporate cultures.
E)  the opposite of the bullwhip effect.F) A) and D)
G) A) and E)

Question 13

For which corporate strategy(ies) should supply chain inventory be minimized?

Accepted Answer

A)  low cost
B)  response
C)  differentiation
D)  low cost and response
E)  low cost and differentiationF) C) and E)
G) B) and C)

Question 14

Which one of the following distribution systems offers speed and reliability when emergency supplies are needed overseas?

Accepted Answer

A)  trucking
B)  railroads
C)  airfreight
D)  waterways
E)  pipelinesF) D) and E)
G) A) and B)

Question 15

Which of the following best describes vertical integration?

Accepted Answer

A)  sell products to a supplier or a distributor
B)  develop the ability to produce products that complement the original product
C)  produce goods or services previously purchased
D)  develop the ability to produce the specified good more efficiently than before
E)  build long-term partnerships with a few suppliersF) A) and E)
G) A) and D)

Question 16

One classic type of negotiation strategy is the market-based price model.

Accepted Answer

A) True 
 B)False

Question 17

Warehouses sometimes perform certain other functions besides storing goods.Which of the following is NOT typically one of those functions?

Accepted Answer

A)  purchasing
B)  postponement
C)  break-bulk activities
D)  consolidation point
E)  cross-dockingF) A) and B)
G) A) and C)

Question 18

Even though a firm may have a low cost strategy,supply-chain strategy can select suppliers primarily on response or differentiation.

Accepted Answer

A) True 
 B)False

Question 19

Identify the ten opportunities in managing the integrated supply chain.

Accepted Answer

(1)accurate "pull" data; (2)lot size red...

Question 20

Drop shipping:

Accepted Answer

A)  is equivalent to cross-docking.
B)  is the opposite of a blanket order.
C)  means the supplier will ship directly to the end consumer,rather than to the seller.
D)  is the same thing as keiretsu.
E)  is a good reason to find a new firm to ship your products.F) B) and E)
G) B) and D)

Exam 12: Supply Chain Management

Which of the following is NOT an advantage of the "few suppliers" sourcing strategy?

Correct AnswerverifiedShow Answer

Local optimization is a supply-chain complication best described as:

Correct AnswerverifiedShow Answer

Identify the ten opportunities in managing the integrated supply chain.

Correct Answerverified(1)accurate "pull" data; (2)lot size red...View AnswerShow Answer

In supply chain management,ethical issues:

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For which corporate strategy(ies) should supply chain inventory be minimized?

Correct AnswerverifiedShow Answer

The supply chain management opportunity called postponement involves delaying deliveries to avoid accumulation of inventory at the customer's site.

Correct AnswerverifiedShow Answer

Keiretsu refers to a company coalition that is part collaboration,part purchasing from many suppliers,and part vertical integration.

Correct AnswerverifiedShow Answer

One classic type of negotiation strategy is the market-based price model.

Correct AnswerverifiedShow Answer

Warehouses sometimes perform certain other functions besides storing goods.Which of the following is NOT typically one of those functions?

Correct AnswerverifiedShow Answer

Drop shipping:

Correct AnswerverifiedShow Answer

What is the trucking industry doing to improve efficiency?

Correct AnswerverifiedTrucking firms are using computers to mo...View AnswerShow Answer

Even though a firm may have a low cost strategy,supply-chain strategy can select suppliers primarily on response or differentiation.

Correct AnswerverifiedShow Answer

Outsourcing refers to transferring a firm's activities that have traditionally been internal to external suppliers.

Correct AnswerverifiedShow Answer

Which one of the following distribution systems offers speed and reliability when emergency supplies are needed overseas?

Correct AnswerverifiedShow Answer

A disadvantage of the "few suppliers" sourcing strategy is:

Correct AnswerverifiedShow Answer

Which of the following best describes vertical integration?

Correct AnswerverifiedShow Answer

Which one of the following is NOT one of the six sourcing strategies?

Correct AnswerverifiedShow Answer

As the number of facilities increases,total logistics costs tend to follow a curve that first rises,then declines.

Correct AnswerverifiedShow Answer

Japanese manufacturers often pursue a strategy that is part collaboration,part purchasing from a few suppliers,and part vertical integration.What is this approach called?

Correct AnswerverifiedShow Answer

A fried chicken fast-food chain that acquired feed mills and poultry farms has performed which of the following?

Correct AnswerverifiedShow Answer

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(1)accurate "pull" data; (2)lot size red...
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Trucking firms are using computers to mo...
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