OPMT CH 15

Flashcard maker : Lily Taylor
Strategies to address supply chain risks include:

(I) risk avoidance.
(II) risk reduction.

I, II, and IV only
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.

I, III
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

supply chain response time
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

F
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

I, II
Forming strategic partnerships is beneficial for two or more business organizations that have the same products or services.

True

False

F
The service function of purchasing interfaces with many areas, including legal, accounting, and engineering functions.

True

False

T
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.

all
In e-commerce, the front-end design is significantly more important than the back-end design.

True

False

F
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.

one or a few suppliers.
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.

be knowledgeable about new products.
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

(I) fewer supply chain partners
_________ has/have helped firms to concentrate on their core business.

Supply chains

Scheduling

ERP

Outsourcing

Lean production

Outsourcing
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.
high annual cost-volume.
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.
vendor analysis.
_________ has/have helped firms to concentrate on their core business.
Scheduling
Lean production
Supply chains
Outsourcing
ERP
Outsourcing
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

II, IV, and V only
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
f
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
lowest possible transportation costs
Vendor analysis examines the function of purchased parts and materials with a view toward improvement or cost reduction.
True
False
f
Global supply chains make purchasing easier because there are more options.
True
False
f
Event management is the advanced planning required for major performances such as concerts or conferences.
True
False
f
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
lowest possible transportation costs
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
domestic suppliers
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
frequent deliveries of smaller shipments
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.
It involves an examination of the function of purchased parts or raw materials.
Using third-party fulfillment means losing control of fulfillment.
True
False
t
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

1,2
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
value analysis
Which of the following is not a performance driver?
cost
stability
flexibility
quality
velocity
stability
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
supply chain response time

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