Question 1

Logistics refers to:
I.the movement of materials within a production facility.
II.incoming and outgoing deliveries.
III.the use of information to control the movement of goods.

Accepted Answer

A)   I only
B)   II only
C)   III only
D)   I and II only
E)   I, II, and IIIF) B) and D)
G) A) and C)

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

Decentralized purchasing can usually offer quicker response than centralized purchasing.

Accepted Answer

A) True 
 B)False

Question 4

The closer an organization is to the final customer,the __________ is the demand side of the supply chain and the __________ is the supply side.

Accepted Answer

A)   shorter; longer
B)   shorter; shorter
C)   longer; shorter
D)   longer; longer
E)   slower; fasterF) A) and B)
G) C) and D)

Question 5

An advantage of the use of e-commerce for supply chain management is that companies can collect more detailed information about clients' choices.

Accepted Answer

A) True 
 B)False

Question 6

An important advantage of decentralized purchasing is the opportunity to obtain lower prices than with centralized purchasing.

Accepted Answer

A) True 
 B)False

Question 7

Decentralized purchasing means buying the same item from multiple suppliers.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is not typically used as a performance attribute/metric commonly used to measure supply chain performance?

Accepted Answer

A)   Inventory turnover
B)   Cost
C)   Variety/flexibility (e.g. speed of product changes) 
D)   Item fill rate
E)   Product qualityF) A) and E)
G) B) and D) E

Question 9

The item fill rate is categorized as which type of supply chain performance metric?

Accepted Answer

A)   Flexibility
B)   Cost
C)   Variety
D)   Delivery
E)   Customer serviceF) B) and C)
G) B) and E)

Question 10

For large orders of standard products or services,price negotiation is more common than competitive bidding.

Accepted Answer

A) True 
 B)False  False

Question 11

Price is the primary determining factor in choosing a supplier.

Accepted Answer

A) True 
 B)False

Question 12

Outsourcing carries the risk of less control over outside suppliers than producing internally.

Accepted Answer

A) True 
 B)False  True

Question 13

Efficient consumer response (ECR)is an extension of quick response,initially developed in the retail clothing industry.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A)   Sales information made available to vendors
B)   Regular, periodic orders by retailers
C)   Frequent small-lot shipments
D)   Reduced dependence on forecasts
E)   Closer match between supply and demandF) B) and C)
G) A) and E)

Question 15

Overseeing the shipment of incoming and outgoing goods is the function of:

Accepted Answer

A)   traffic management.
B)   distribution management.
C)   production management.
D)   inventory management.
E)   purchasing.F) C) and E)
G) A) and B)

Question 16

Quick response (QR)results in frequent small-lot shipments and has the benefit of reduced reliance on forecasts.

Accepted Answer

A) True 
 B)False

Question 17

EDI is the direct transmission of inter-organizational transactions from computer to computer,including purchase orders,shipping notices,and more.
Discuss three techniques used in supply chain management.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A)   low cost per unit.
B)   low annual cost-volume.
C)   high cost per unit.
D)   high annual usage.
E)   high annual dollar-volume.F) None of the above
G) A) and B)

Question 19

Disintermediation involves terminating the relationship with a supplier as a result of repeated failures to meet performance expectations.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is an advantage of e-commerce?
I.Reduction of transaction costs
II.Shortened supply chain response times
III.Greater customer loyalty

Accepted Answer

A)   I only
B)   II only
C)   I and II only
D)   II and III only
E)   I, II, and IIIF) A) and B)
G) None of the above

Exam 11: Supply Chain Management

Logistics refers to: I.the movement of materials within a production facility. II.incoming and outgoing deliveries. III.the use of information to control the movement of goods.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Decentralized purchasing can usually offer quicker response than centralized purchasing.

Correct AnswerverifiedShow Answer

The closer an organization is to the final customer,the __________ is the demand side of the supply chain and the __________ is the supply side.

Correct AnswerverifiedShow Answer

An advantage of the use of e-commerce for supply chain management is that companies can collect more detailed information about clients' choices.

Correct AnswerverifiedShow Answer

An important advantage of decentralized purchasing is the opportunity to obtain lower prices than with centralized purchasing.

Correct AnswerverifiedShow Answer

Decentralized purchasing means buying the same item from multiple suppliers.

Correct AnswerverifiedShow Answer

Which of the following is not typically used as a performance attribute/metric commonly used to measure supply chain performance?

Correct AnswerverifiedE

The item fill rate is categorized as which type of supply chain performance metric?

Correct AnswerverifiedShow Answer

For large orders of standard products or services,price negotiation is more common than competitive bidding.

Correct AnswerverifiedFalse

Price is the primary determining factor in choosing a supplier.

Correct AnswerverifiedShow Answer

Outsourcing carries the risk of less control over outside suppliers than producing internally.

Correct AnswerverifiedTrue

Efficient consumer response (ECR)is an extension of quick response,initially developed in the retail clothing industry.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Overseeing the shipment of incoming and outgoing goods is the function of:

Correct AnswerverifiedShow Answer

Quick response (QR)results in frequent small-lot shipments and has the benefit of reduced reliance on forecasts.

Correct AnswerverifiedShow Answer

EDI is the direct transmission of inter-organizational transactions from computer to computer,including purchase orders,shipping notices,and more. Discuss three techniques used in supply chain management.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Disintermediation involves terminating the relationship with a supplier as a result of repeated failures to meet performance expectations.

Correct AnswerverifiedShow Answer

Which of the following is an advantage of e-commerce? I.Reduction of transaction costs II.Shortened supply chain response times III.Greater customer loyalty

Correct AnswerverifiedShow Answer

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The closer an organization is to the final customer,the is the demand side of the supply chain and the is the supply side.

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E

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False

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True

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