question

an organizations supply chain is facilitated by:

answer

information system

question

represents the beginning of the supply chain

answer

external suppliers

question

supply chain management is the vital business function which does NOT coordinate and manage:

answer

human resource interviews

question

a manufacturer will have more direct contact with which type of supplier?

answer

tier one supplier

question

NOT a typical result of the bullwhip effect

answer

absenteeism

question

refers to inaccurate or distorted demand information created in the supply chain:

answer

bullwhip effect

question

NOT a remedy for the bullwhip effect

answer

base forecasts on demand coming from the immediate downstream customer

question

NOT one of the four major causes of the bullwhip effect

answer

business cycle

question

Price fluctuations do NOT follow this mktg promotion:

answer

Advertising

question

Rationing and shortage gaming occur when:

answer

demand exceeds supply

question

collection of point-of-sale information is MOST useful for which bullwhip effect remedy

answer

information sharing

question

time between order placement and receipt of goods is called _______

answer

lead time

question

service organization supply chains are:

answer

similar to manufacturing organizations

question

a network internal to an organization called:

answer

intranet

question

an extension of an intranet to include suppliers and customers called:

answer

extranet

question

net marketplace are designed to:

answer

bring together significant number of purchasing firms

question

open to the most users:

answer

internet

question

online retailing, or B2C has shifted:

answer

the power from suppliers to consumers

question

NOT some commonly shared ocean shipping logistical characteristics

answer

crossdocking is required

question

a recent change in supply chain management has been the:

answer

green supply chain management requirement

question

purchasing is typically responsible for:

answer

monitoring supplier performance

question

MOST frequently outsourced by large companies

answer

manufacturing

question

refers to owning or controlling sources of raw materials and components:

answer

backward integration

question

term refers to processes or activities that are completed in-house

answer

Insource

question

term refers to processes or activities that are completed by suppliers

answer

outsource

question

higher level of vertical integration implies:

answer

less outsourcing and more insourcing

question

quantity that equates the cost of making a product to the cost of buying the product is generally called:

answer

indifference point

question

according to make or buy decisions, if we need FEWER units than the indifference point, which option should we choose?

answer

the option with higher variable costs

question

To perform calculations of make or buy decisions, which costs are needed?

answer

fixed and variable

question

NOT a positive attribute of multiple suppliers?

answer

probability of assured supply is better

question

what comprises the bulk of COGS?

answer

materials

question

constant concern within purchasing departments is the issue of ethics in managing _____________.

answer

suppliers

question

Institute of Supply Management's principles of ethical supply chain management conduct:

answer

loyalty to your organization, justice to those with whom you deal, and faith in your profession

question

three most important criteria for selecting suppliers:

answer

price, quality, and on-time delivery

question

common term for a process of developing a long-term relationship with a supplier based on mutual trust, shared vision, shared information, and shared risks

answer

Partnering

question

an expanded partnership between a firm and its supplier implies:

answer

a commitment to helping each other succeed

question

two kinds of partnerships are basic and what?

answer

expanded

question

textbook defines the three most critical factors in successful partnering as:

answer

impact, intimacy, vision

question

term refers to attaining levels of productivity and competitiveness that are not possible through normal supplier relationships:

answer

impact

question

term refers to the working relationship between partners:

answer

intimacy

question

term refers to the mission or objectives of a partnership:

answer

vision

question

studies suggest as the three sources of impact:

answer

reduce waste, leverage core competence, and create new opportunities

question

leveraging core competence is about sharing:

answer

knowledge

question

NOT considered to be a characteristic of partnership relations:

answer

"arms-length" in nature

question

ESI stands for:

answer

early supplier involvement

question

early supplier involvement refers to the involvement of critical factors for:

answer

new product design

question

1996 study by Council for Logistics management of the third party logistics industry, which companies are particularly likely to use third-party logistics services to handle most of their logistics needs?

answer

companies engaged in international business

question

LEAST likely to be a benefit of implementing barcode scanners at retail store checkout registers:

answer

more efficient packaging of customer orders

question

information sharing has shifted power in the supply chain the most to which group:

answer

individual consumers

question

technology that provides "point of sale information":

answer

barcode scanners

question

EDI stands for:

answer

electronic data interchange

question

NOT considered a benefit of EDI:

answer

increased human interaction

question

warehouses provide product mixing. This is referred to as:

answer

value-added service for customers

question

56. warehouse used for long-term storage:

answer

General

question

warehouse used for short-term storage, consolidation, and product mixing:

answer

distribution

question

LT stands for:

answer

Truckload (quantity)

question

Process whereby shipments are transferred directly from in bound trailers to outbound trailers is:

answer

crossdocking

question

eliminated the storage and order picking functions of a distribution warehouse while still performing its receiving and shipping functions:

answer

crossdocking

question

cross docking allows the retailer to replace _____ with information and coordination

answer

inventory

question

________crossdocking is the receiving and consolidating of inbound supplies to support just-in-time manufacturing

answer

manufacturing

question

__________ crossdocking is the consolidating of shipments from LTL and small package industries to gain economies of scale

answer

transportation

question

what is a virtual organization?

answer

a company that provides core functions and outsources everything else

question

Benetton is well known for the practice of assembling all white sweaters and waiting to dye them much closer to the time of sale. EX of:

answer

postponement

question

NOT an argument in favor of having multiple suppliers:

answer

just-in-time philosophy can be better utilized

question

69. what is the electronic marketplace for the auto industry?

answer

Covisint

question

71. Which of the following is a "buyer side" industry-specific solution?

answer

electronic data interchange

question

Which B2C model does Mypoints.com utilize?

answer

affiliate revenue model

question

Companies want a supply chain that makes it possible to:

answer

manage and adapt to all of the business dynamics

question

NOT one of the supply chain wastes the book identifies:

answer

procurement/purchasing delay

question

Supply chain velocity refers to:

answer

the speed at which a product moves through a pipeline from a manufacturer to the customer

question

Which of the following is the term for "arranging the method of shipment for both incoming and outgoing products or material"?

answer

traffic management

MKTG 372- Chapter 4 – Flashcards

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