Question 1

What are the tasks in the purchasing cycle?

Accepted Answer

Purchasing receives user requirements for an item.Clarify specifications for the item.Determine whether the firm can satisfy the need internally or whether purchasing is appropriate (make or buy decision).If the need will be satisfied by purchasing,determine if competitive bidding or negotiation will be used.Purchasing selects supplier.Purchasing manages relationship with supplier.

Question 2

The design and management of seamless,value-added processes across organizational boundaries to meet the real needs of the end customer is called:

Accepted Answer

A)  Demand management
B)  Distribution channel management
C)  Supply chain management
D)  Logistics managementE) A) and C)
F) None of the above

Question 3

It is bad to have a negative cash-to-cash cycle as the firm receives cash several days after selling its products.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following statements is NOT true about supply chain dynamics?

Accepted Answer

A)  The supply chain is a highly interactive system.
B)  There is an accelerator effect in the supply chain due to replenishment lead-times.
C)  The best way to improve the supply chain is to increase the total replenishment time and to feed back actual demand information to all levels.
D)  The time lags in the supply chain only serve to create fluctuations in orders and inventories.
E)  All of the above statements are true.F) B) and E)
G) B) and D)

Question 5

Delivery has three measures: on-time delivery,fill rate,and unit cost.

Accepted Answer

A) True 
 B)False

Question 6

Materials handling,transportation,and warehousing fall under:

Accepted Answer

A)  Logistics
B)  Purchasing
C)  Demand chain management
D)  Fill rate
E)  None of the aboveF) C) and D)
G) A) and C)

Question 7

Demand chain management tries to match supply and demand.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is NOT a form of structural change of the supply chain?

Accepted Answer

A)  Forward and backward integration
B)  Changes to information systems
C)  Major process simplification
D)  Outsourcing logistics to a third party
E)  Re-configuring retail locationsF) A) and D)
G) A) and C)

Question 9

Which of the following is NOT a type of e-procurement?

Accepted Answer

A)  Private exchanges
B)  Third party auctions
C)  Online catalogs
D)  Online shoppingE) A) and D)
F) A) and B)

Question 10

Which of the following statements is NOT true regarding supply chain operations?

Accepted Answer

A)  All elements of the supply chain are interconnected and dependent on each other.
B)  Demand changes by the end user can create a bullwhip effect in the supply chain.
C)  With perfect information at all levels of the supply chain,there will not be a bullwhip effect.
D)  Time lags in the supply chain serve to create fluctuations in orders and inventories.
E)  None of the aboveF) A) and B)
G) C) and D)

Question 11

The five measures of supply chain performance are:

Accepted Answer

A)  Cost,quality,flexibility,delivery,and time
B)  Cost,quality,time,delivery,and reliability
C)  Inventory,quality,time,delivery,and flexibility
D)  Inventory,cost,quality,time,and deliveryE) None of the above
F) A) and B)

Question 12

The average cash-to-cash cycle is defined as:

Accepted Answer

A)  Days in inventory + Days in account receivable + Days in accounts payable
B)  Days in inventory - Days in account receivable + Days in accounts payable
C)  Days in inventory + Days in account receivable - Days in accounts payable
D)  Days in inventory - Days in account receivable - Days in accounts payable
E)  None of the aboveF) A) and B)
G) All of the above

Question 13

Which of the following is NOT true of vertical integration?

Accepted Answer

A)  Leads to greater flexibility to changing technology
B)  Can result in a loss of economies of scale
C)  Helps achieve control of the supply chain
D)  Reap profits of the supplier or distributor when there is an attractive return from investmentE) A) and B)
F) A) and C)

Question 14

List and define the five ways to change supply chain infrastructure.

Accepted Answer

A.Cross-functional teams B.Par...

Question 15

Which of the following is a way to improve the infrastructure in the supply chain?

Accepted Answer

A)  Forward and backward integration
B)  Major process simplification
C)  Setup time reduction
D)  Major product redesign
E)  Outsourcing logistics to a third partyF) All of the above
G) B) and E) C

Question 16

Which of the following is a form of infrastructure change?

Accepted Answer

A)  Process simplification
B)  Product redesign
C)  Changes in information systems
D)  Forward integrationE) A) and D)
F) A) and B)

Question 17

Which of the following is NOT a specific measure of supply chain performance?

Accepted Answer

A)  Quality
B)  Time
C)  Innovation
D)  Delivery
E)  FlexibilityF) D) and E)
G) A) and B)

Question 18

______ _______ _______ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.

Accepted Answer

A)  Effective consumer response
B)  Effective customer reaction
C)  Effective consumer reply
D)  Efficient consumer response
E)  Efficient consumer replyF) B) and E)
G) A) and B)

Question 19

What are the two fundamental processes in all supply chains that are being affected by the Internet?

Accepted Answer

A)  Electronic interchange and order placement
B)  Order fulfillment and order placement
C)  B2B and order fulfillment
D)  None of the aboveE) A) and B)
F) A) and C) B

Question 20

The objective of infrastructure change is the same as structural change: To remove sources of uncertainty,to reduce replenishment time,and to reduce total cost of supplying the market.

Accepted Answer

A) True 
 B)False

Exam 10: Supply Chain Management

What are the tasks in the purchasing cycle?

The design and management of seamless,value-added processes across organizational boundaries to meet the real needs of the end customer is called:

Correct Answer
verified

It is bad to have a negative cash-to-cash cycle as the firm receives cash several days after selling its products.

Correct Answer
verified

Which of the following statements is NOT true about supply chain dynamics?

Correct Answer
verified

Delivery has three measures: on-time delivery,fill rate,and unit cost.

Correct Answer
verified

Materials handling,transportation,and warehousing fall under:

Correct Answer
verified

Demand chain management tries to match supply and demand.

Correct Answer
verified

Which of the following is NOT a form of structural change of the supply chain?

Correct Answer
verified

Which of the following is NOT a type of e-procurement?

Correct Answer
verified

Which of the following statements is NOT true regarding supply chain operations?

Correct Answer
verified

The five measures of supply chain performance are:

Correct Answer
verified

The average cash-to-cash cycle is defined as:

Correct Answer
verified

Which of the following is NOT true of vertical integration?

Correct Answer
verified

List and define the five ways to change supply chain infrastructure.

Correct Answer
verified
A.Cross-functional teams B.Par...
View Answer

Which of the following is a way to improve the infrastructure in the supply chain?

Correct Answer
verified
C

Which of the following is a form of infrastructure change?

Correct Answer
verified

Which of the following is NOT a specific measure of supply chain performance?

Correct Answer
verified

__ _ _____ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.

Correct Answer
verified

What are the two fundamental processes in all supply chains that are being affected by the Internet?

Correct Answer
verified
B

The objective of infrastructure change is the same as structural change: To remove sources of uncertainty,to reduce replenishment time,and to reduce total cost of supplying the market.

Correct Answer
verified

Exam 10: Supply Chain Management

What are the tasks in the purchasing cycle?

The design and management of seamless,value-added processes across organizational boundaries to meet the real needs of the end customer is called:

Correct AnswerverifiedShow Answer

It is bad to have a negative cash-to-cash cycle as the firm receives cash several days after selling its products.

Correct AnswerverifiedShow Answer

Which of the following statements is NOT true about supply chain dynamics?

Correct AnswerverifiedShow Answer

Delivery has three measures: on-time delivery,fill rate,and unit cost.

Correct AnswerverifiedShow Answer

Materials handling,transportation,and warehousing fall under:

Correct AnswerverifiedShow Answer

Demand chain management tries to match supply and demand.

Correct AnswerverifiedShow Answer

Which of the following is NOT a form of structural change of the supply chain?

Correct AnswerverifiedShow Answer

Which of the following is NOT a type of e-procurement?

Correct AnswerverifiedShow Answer

Which of the following statements is NOT true regarding supply chain operations?

Correct AnswerverifiedShow Answer

The five measures of supply chain performance are:

Correct AnswerverifiedShow Answer

The average cash-to-cash cycle is defined as:

Correct AnswerverifiedShow Answer

Which of the following is NOT true of vertical integration?

Correct AnswerverifiedShow Answer

List and define the five ways to change supply chain infrastructure.

Correct AnswerverifiedA.Cross-functional teams B.Par...View AnswerShow Answer

Which of the following is a way to improve the infrastructure in the supply chain?

Correct AnswerverifiedC

Which of the following is a form of infrastructure change?

Correct AnswerverifiedShow Answer

Which of the following is NOT a specific measure of supply chain performance?

Correct AnswerverifiedShow Answer

______ _______ _______ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.

Correct AnswerverifiedShow Answer

What are the two fundamental processes in all supply chains that are being affected by the Internet?

Correct AnswerverifiedB

The objective of infrastructure change is the same as structural change: To remove sources of uncertainty,to reduce replenishment time,and to reduce total cost of supplying the market.

Correct AnswerverifiedShow Answer

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Correct Answer
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Correct Answer
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A.Cross-functional teams B.Par...
View Answer

Correct Answer
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C

Correct Answer
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Correct Answer
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__ _ _____ is a partnership of retailers,wholesalers,and manufacturers aimed at managing both demand and the supply chain.

Correct Answer
verified

Correct Answer
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B

Correct Answer
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