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Exam 17: Supply Chain Management

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Question 51

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Supply chains are sometimes called value chains.

A) True
B) False

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Question 52

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Which of the following is not a component of l?

A) the movement of materials within a production facility.
B) incoming deliveries.
C) the use of information to control the movement of goods.
D) outgoing deliveries
E) carrier selection

F) A) and C)
G) A) and E)

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Question 53

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Which of the following is not true about JIT deliveries?

The perspective of business organizations in viewing suppliers as partners is characterized by:

This involves collecting,cleansing,and analyzing data regarding expenditures with the purpose of reducing costs,improving efficiency,and monitoring compliance with purchasing policies.

Electronic data interchange (EDI)is rapidly becoming obsolete with increased usage of the internet.

A bill of lading (BOL)is the transport contract.It provides all the information the carrier needs.

The purchasing cycle involves collecting,cleansing,and analyzing data regarding expenditures with the purpose of reducing costs,improving efficiency,and monitoring compliance with purchasing policies.

Value analysis examines the function of purchased parts and materials in an effort to reduce costs.

For small orders of standard products or services,competitive bidding is typically used.

As international trade barriers fall,less companies are expanding their global operations.

An advantage of decentralized purchasing is the attention given to local needs.

The faster the material passes through the supply chain,the higher the inventory costs will be,and the faster the products and services will be delivered to the customer.

As the level of outsourcing increases,the need for supply chain management decreases.

Examples of metrics for supply chain performance are logistics costs,percentage of on-time delivery,and item fill rate.

Value analysis has the greatest potential for savings for items which have:

Which of the following is not associated with quick response (QR) replenishment methods?

The purchasing cycle ends when the receiving staff are notified that the supplier has shipped the items.

Distribution requirements planning (DRP)is a pull system based on the same logic of time-phased planning as material requirements planning (MRP).

Establishing partnerships with suppliers typically leads to depending on more suppliers and shorter term relationships.