question

Which of the following is not a goal of supply chain management? A. fewer suppliers and long-term relationship B. small lot sizes C. on time deliveries D. lowest possible transportation costs E. delivery often to the place of use

answer

D. lowest possible transportation costs

question

Logistics includes all of these except: A. the movement of materials within a production facility B. incoming shipments of goods or materials C. outgoing shipments of goods or materials D. customer selection E. returned goods processing

answer

D. customer selection

question

Small changes in consumer demand can result in large variations in orders placed because of the A. Supply chain B. Safety stock requirement C. Lead time effect D. Bullwhip effect E. FCFS scheduling

answer

D. Bullwhip effect

question

RFID chips: (I) are used to track goods in distribution (II) are used to track job progress in production (III) may provide special instructions to operators (IV) can be used in inventory record keeping A. II and III only B. I and II only C. II, III, and IV D. I, II, and IV E. IV only

answer

D. I, II, and IV

question

Which of the following is not a benefit of RFID? A. increased productivity B. elimination of paper work C. frequent deliveries of smaller shipments D. reduction in clerical labor E. increased accuracy

answer

C. frequent deliveries of smaller shipments

question

A factor that makes it desirable for business organizations to actively manage their supply chains is: A. more potential vendors B. increasing globalization C. downsizing D. the internet E. RFID's

answer

B. increasing globalization

question

Which of the following is not a benefit of effective supply chain management? A. lower inventory costs B. higher productivity C. shorter lead times D. greater customer loyalty E. larger number of suppliers

answer

E. larger number of suppliers

question

Which of the following is not a measure of the reliability of the supply chain? A. supply chain response time B. on-time delivery C. fill rate D. lead time variability E. improving e-fulfillment statistics

answer

A. supply chain response time

question

The automatic identification of material is part of: A. holding costs B. RFID C. working capital reduction D. net present value calculations E. vendor analysis

answer

B. RFID

question

Which of the following is not an application of E-business? A. internet buying and selling B. e-mail C. order and shipment tracking D. electronic data interchange (EDI) E. universal product codes

answer

E. universal product codes

question

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 A. I B. II C. I and II D. II and III E. I, II, and III

answer

C. I and II

question

Which of the following is a barrier to integration of separate organizations in the supply chain? (I) conflicting objectives of the companies in the chain. (II) different level of capacity of the companies in the chain. (III) reluctance of the organizations in the chain to allow other organizations access to their data. A. I only B. I and II C. II and III D. I and III E. I, II and III

answer

D. I and III

question

_________ has helped business concentrate on their core business. A. Supply Chains B. Scheduling C. Outsourcing D. ERP E. Lean Production

answer

C. Outsourcing

question

Outsourcing followed by __________ is not simple. A. Integration B. Unionization C. Backsourcing D. Computerization E. Just-in-time

answer

C. Backsourcing

question

The interface between the firm and its suppliers is: A. purchasing B. production C. distribution D. engineering E. accounting

answer

A. purchasing

question

The two types of decisions that are relevant to supply chain management are: A. Short, long term B. Domestic, international C. Location, layout D. In-source, out-source E. Strategic, operational

answer

E. Strategic, operational

question

One important objective of purchasing is to: A. set quality standards for purchased items B. be knowledgeable about new products C. maintain numerous sources of supply D. obtain the lowest prices on all purchased items E. determine the processes that should be used

answer

B. be knowledgeable about new products

question

The purchasing cycle begins with: A. selecting a supplier B. placing an order C. evaluating potential vendors D. conducting a value analysis E. receiving a requisition

answer

E. receiving a requisition

question

Examination of the sources of supply for purchased parts or materials in order to improve performance is called: A. vendor analysis B. value analysis C. negotiated purchasing D. reverse engineering E. disintegration

answer

A. vendor analysis

question

Vendor analysis has the greatest potential for savings for items which have: A. low cost per unit B. low annual cost-volume C. high cost per unit D. high annual usage E. high annual cost-volume

answer

E. high annual cost-volume

question

Which of the following is not true of vendor analysis? A. It involves an examination of the function of purchased parts or raw materials. B. Its purpose is to reduce costs and/or improve performance of purchased goods or services. C. It is usually performed only periodically. D. Representatives from design and operations may work with purchasing. E. If improvements are identified, purchasing implements those that purchasing agrees are justified.

answer

A. It involves an examination of the function of purchased parts or raw materials.

question

Which of the following is not a performance driver? A. Quality B. Cost C. Stability D. Velocity E. Flexibility

answer

C. Stability

question

Which of the following would not usually be a main factor in selecting a vendor? A. location B. price C. quality D. inventory turnover E. vendor services

answer

D. inventory turnover

question

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. A. II and III B. I, II, and III C. I only D. I and II E. I and III

answer

B. I, II, and III

question

Which of the following is not a key consideration when a company chooses a supplier? A. lead time and on-time delivery B. reputation and financial stability C. value analysis D. quality and Quality assurance E. flexibility of design change

answer

C. value analysis

question

Which of the following is not a benefit of centralized purchasing? A. potential for quantity discounts B. better service from suppliers C. quick response to local needs D. potential for use of purchasing specialists E. supplier research

answer

C. quick response to local needs

question

The purchasing perspective of the supplier as a partner is characterized by: A. an emphasis on low prices B. one or a few suppliers C. low flexibility D. 100% inspection for quality E. low volume

answer

B. one or a few suppliers

question

Vendor Analysis is the examination of the _________ of purchased materials. A. Function B. Source C. Quality D. Cycle E. Quantity.

answer

B. Source

question

A system for inventory management involving multi-echelon warehouses is called: A. MRP B. EOQ C. CRP D. JIT E. DRP

answer

E. DRP

question

Which of the following is a principle required for ethical behavior in purchasing? A. loyalty to employer. B. justice to those you deal with . C. faith in your profession. D. all of the above. E. none of the above.

answer

D. all of the above.

question

The activity which begins with a request from within the organization is: A. Outsourcing search B. Purchasing cycle C. Supplier selection D. Order receipt E. Supply chain management

answer

B. Purchasing cycle

question

Our organization can obtain visibility to potential trading partners on the internet by using: A. C2C B. B2C C. B2B D. C2B E. None of the above

answer

C. B2B

question

Real time information about product movement on store shelves could benefit from the use of: A. batch processing B. economic order quantities C. statistical process control D. radio frequency identification tags E. infrared remote scanners

answer

D. radio frequency identification tags

question

The website and order fulfillment are essential features of: A. delayed differentiation B. e-commerce C. internet service providers D. inventory balancing E. market segmentation

answer

B. e-commerce

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