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| Question | Answer |
|---|---|
| -The push/pull view of the supply chain is useful when considering strategic decisions relating to supply chain design, because | it categorizes processes based on whether they are initiated in response to or in anticipation of customer orders. |
| -Which of the following is not a cycle in the supply chain cycle view? | analysis cycle |
| -Successful supply chain management requires many decisions relating to the flow of information, product, and funds. These decisions fall into three categories or phases. Which of the following is NOT one of these categories? | supply chain alliances |
| -Webvan designed a supply chain with large warehouses in several major cities in the United States, from which groceries were delivered to customer homes. They failed partly because of | higher labor costs for picking orders |
| -supply chain surplus involves what two parts | customer value and supply chain cost |
| -a companies competitive strategy | defines the set of customer needs that it seeks to satisfy through its products and services |
| -The uncertainty that exists due to the portion of demand that the supply chain is required to meet is the | implied demand uncertainty |
| -The first step in achieving strategic fit between competitive and supply chain strategies is to | understand customers and supply chain uncertainty |
| -The final step in achieving strategic fit between competitive and supply chain strategies is to | match supply chain responsiveness with the implied uncertainty of demand |
| -The functions and stages that devise an integrated strategy with a shared objective are referred to as | scope of strategic fit |
| -Which of the following is not a major driver of supply chain performance | customers |
| -The average amount of inventory used to satisfy demand between receipt of supplier shipments is referred to as | cycle inventory |
| -Which of the following are key components of transportation decisions when designing and operating a supply chain? | mode of transportation |
| -The art and science of making projections about what future demand and conditions will be is | forecasting |
| -Transforming forecasts into plans of activity to satisfy the projected demand is known as | aggregate planning? |
| -The steps taken to move and store a product from the supplier stage to a customer stage in the supply chain is referred to as | distribution |
| -The number of different products/configurations that a customer desires from the distribution network is | product variety |
| -The probability of having a product in stock when a customer order arrives is | product availability |
| -As the response time desired by the customer decreases, the required number of facilities in the distribution network | |
| -Total logistics costs for a supply chain network are a sum of | inventory, transportation, and facility costs |
| -Supply chain network design decisions include | |
| -Supply chain network design decisions classified as facility role are concerned with | |
| -Supply chain network design decisions classified as market and supply allocation are concerned with | |
| -The allocation of supply sources and markets to facilities has a significant impact on performance because | |
| -Production technology displays significant economies of scale | |
| -Decisions made during the supply chain design phase regarding significant investments in the supply chain, such as the number and size of plants to build, the number of trucks to purchase or lease, and whether to build or lease warehouse space | |
| -Short-term contracts for both warehousing and transportation requirements will be more effective | |
| -A decision tree is | |
| -Flexibility should be valued by taking into account uncertainty in demand and economic factors. In general, flexibility will tend to | |
| -The last step in decision tree analysis methodology is to | |
| -Which of the following is a commonly used measure for measuring forecast error?-MAD | |
| -A supermarket has experienced weekly demand of milk of D1 | 130, D2 |
| -With respect to time-series methods, the systematic component measures the expected value of demand and does NOT consist of | random component |
| -________ forecasting methods use historical demand to make a forecast. | time series |
| -There are essentially three distinct aggregate planning strategies for achieving balance between costs. Which of the following is not one of these? | response strategy- using utilization as the lever |
| -An aggregate planner requires information on constraints. Which of the following is one of the typical constraints for an aggregate planner? | limits on overtime |
| -How frequently should the aggregate plan be rerun? | as inputs to the aggregate plan change |
| -A highly effective tool for a company to use when it tries to maximize profits while being subjected to a series of constraints is | linear programming |
| -The strategy where the production rate is synchronized with the demand rate by varying machine capacity or hiring and laying off employees as the demand rate varies is the | chase strategy |
| -The measure of forecast error where the average absolute error of each forecast is shown as a percentage of demand is | mape |
| -Which factor favors promotion during low-demand periods? | high ability to increase overall market |
| -Which factor favors promotion during peak-demand periods? | high ability to increase overall market |
| -Promoting during a peak demand month may decrease overall profitability if | a significant fraction of the demand increase results from a forward buy |
| -In this approach to managing capacity, a firm uses flexible work hours by the workforce to manage capacity to better meet demand. | time flexibility from workforce |
| -Which of the following is an approach that firms can use when managing inventory to meet predictable demand variability? | using common components across multiple products |
| -Operational improvements that reduce lot sizes can dampen the bullwhip effect by | decreasing the amount of fluctuation that can accumulate between any pair of stages of a supply chain |
| -When a single stage controls replenishment decisions for the entire chain, coordination is achieved because | each stage views its role as one of replenishing orders placed by the next stage |
| -forward buying results in | large orders during the promotion period followed by very small orders after that |
| -The fact that each stage in a supply chain forecasts demand based on the stream of orders received from the downstream stage results in | a magnification of fluctuations in demand as we move up the supply chain from the retailer to the manufacturer |
| -The situation in which fluctuations in orders increase as they move up the supply chain from retailers to wholesalers to manufacturers to suppliers is known as | the bullwhip affect |
| -Cycle inventory exists because producing or purchasing in large lots allows a stage of the supply chain to | exploit economies of scale and lower cost |
| -The average inventory in the supply chain due to either production or purchases in lot sizes that are larger than those demanded by the customer is | cycle inventory |
| -When demand is steady, cycle inventory and lot size are related as | cycle inventory or Q/2 |
| -Cycle inventory is primarily held to | take advantage of economies of scale and reduce costs within the supply chain |
| -Which of the following is not a cost that must be considered in any lot sizing decision? | manufacturing cost per unit, $M unit |
| -Which of the following would not be included in holding cost? | cost of manufacturing |
| -In a supply chain where each stage of the supply chain independently | |
| makes its pricing decisions with the objective of maximizing its own profit, | supply chain profit is lower than a coordinated solution |
| -When the retailer decides to pass through very little of the promotion to customers but purchase in greater quantity during the promotion period to exploit the temporary reduction in price, the result is | an increase in the amount of inventory held at the retailer |
| -A(n) ________ occurs when a retailer purchases in the promotional period for sales in future periods. | forward buy |
| -________ is the practice whereby a firm charges differential prices to maximize profits. | price discrimmination |
Created by:
resler49