OPMT CH 15 – Flashcards
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Strategies to address supply chain risks include: (I) risk avoidance. (II) risk reduction.
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I, II, and IV only
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Which of the following is a barrier to the integration of separate organizations in the supply chain? (I) conflicting objectives of the companies in the chain (II) different capacity levels of the companies in the chain (III) reluctance of the organizations in the chain to allow other organizations access to their data (III) risk projection. (IV) risk sharing.
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I, III
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Which of the following is not a measure of the reliability of the supply chain? supply chain response time lead time variability improving e-fulfillment statistics on-time delivery fill rate
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supply chain response time
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Using third-party logistics involves using your organization's logistics function to ship to customers that are not officially part of the supply chain. True False
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F
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Which of the following is an advantage of E-business? (I) reduction of transaction costs (II) shortened supply chain response time (III) greater customer loyalty
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I, II
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Forming strategic partnerships is beneficial for two or more business organizations that have the same products or services. True False
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F
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The service function of purchasing interfaces with many areas, including legal, accounting, and engineering functions. True False
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T
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Which of the following is part of the purchasing cycle? (I) Purchasing selects a supplier. (II) Orders from vendors are received. (III) Purchasing receives a requisition.
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all
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In e-commerce, the front-end design is significantly more important than the back-end design. True False
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F
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The purchasing perspective of the supplier as a partner is characterized by: one or a few suppliers. low flexibility. 100 percent inspection for quality. an emphasis on low prices. low volume.
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one or a few suppliers.
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One important objective of purchasing is to: set quality standards for purchased items. maintain numerous sources of supply. determine the processes that should be used. obtain the lowest prices on all purchased items. be knowledgeable about new products.
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be knowledgeable about new products.
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Which of the following, while desirable from some perspectives, might actually increase the risk of supply chain reductions? (I) fewer supply chain partners (II) a shorter supply chain (III) greater supply chain visibility
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(I) fewer supply chain partners
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_________ has/have helped firms to concentrate on their core business. Supply chains Scheduling ERP Outsourcing Lean production
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Outsourcing
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Vendor analysis has the greatest potential for savings for items which have: high cost per unit. low annual cost-volume. low cost per unit. high annual usage. high annual cost-volume.
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high annual cost-volume.
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Examination of the sources of supply for purchased parts or materials in order to improve performance is called: vendor analysis. value analysis. reverse engineering. negotiated purchasing. disintegration.
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vendor analysis.
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_________ has/have helped firms to concentrate on their core business. Scheduling Lean production Supply chains Outsourcing ERP
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Outsourcing
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Which of these aspects of supply chain management are especially concerning to small business? (I) customer reliability (II) inventory management (III) purchasing costs (IV) risk management (V) international trade
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II, IV, and V only
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The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain. True False
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f
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Which of the following is not a goal of supply chain management? lowest possible transportation costs fewer suppliers and long-term relationships small lot sizes on-time deliveries delivery often to the place of use
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lowest possible transportation costs
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Vendor analysis examines the function of purchased parts and materials with a view toward improvement or cost reduction. True False
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f
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Global supply chains make purchasing easier because there are more options. True False
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f
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Event management is the advanced planning required for major performances such as concerts or conferences. True False
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f
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Which of the following is not a goal of supply chain management? lowest possible transportation costs on-time deliveries delivery often to the place of use fewer suppliers and long-term relationships small lot sizes
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lowest possible transportation costs
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It is especially the case for small businesses that closer interactions and increased agility make __________ relatively more attractive. decentralized purchasing global suppliers risk transfer domestic suppliers
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domestic suppliers
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Which of the following is not a benefit of RFID? reduction in clerical labor increased accuracy frequent deliveries of smaller shipments increased productivity elimination of paperwork
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frequent deliveries of smaller shipments
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Which of the following is not true of vendor analysis? It involves an examination of the function of purchased parts or raw materials. Its purpose is to reduce costs and/or improve performance of purchased goods or services. Representatives from design and operations may work with purchasing. If improvements are identified, purchasing implements those that purchasing agrees are justified. It is usually performed only periodically.
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It involves an examination of the function of purchased parts or raw materials.
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Using third-party fulfillment means losing control of fulfillment. True False
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t
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Which of the following is a barrier to the integration of separate organizations in the supply chain? (I) conflicting objectives of the companies in the chain (II) different capacity levels of the companies in the chain (III) reluctance of the organizations in the chain to allow other organizations access to their data
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1,2
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Which of the following is least likely to be a key consideration when a company chooses a supplier? quality and quality assurance value analysis lead time and on-time delivery flexibility of design change reputation and financial stability
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value analysis
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Which of the following is not a performance driver? cost stability flexibility quality velocity
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stability
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Which of the following is not a measure of the reliability of the supply chain? supply chain response time improving e-fulfillment statistics lead time variability on-time delivery fill rate
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supply chain response time
