Which of the following is not a technique for fulfilling customer orders?
A. Supply cycle time
B. Anticipate form, time, and place
C. Full Postponement
D. Make to stock, postpone time/place correct answersA. Supply cycle time
Define order cycle time.
A. The total cost of ownership combined ...
BUAD 331 Exam 3
Which of the following is not a technique for fulfilling customer orders?
A. Supply cycle time
B. Anticipate form, time, and place
C. Full Postponement
D. Make to stock, postpone time/place correct answersA. Supply cycle time
Define order cycle time.
A. The total cost of ownership combined with the customer value of a product
B. The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled
C. The total elapsed time from when the customer first orders the product to when that product is shipped to them
D. None of the above correct answersB. The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled
The difference between the customer's desired order cycle time and the total supply chain order cycle time is known as:
A. order cycle time
B. logistics lead time
C. customer delivery cycle
D. lead time gap correct answersD. lead time gap
Ted's Wicked Dive Shop needs to put together a re-order plan for breathing regulators. Given that this product is high cost and highly customized in order to meet the unique demands of different divers, Ted should utilize which of the following strategies?
A. Order regulators when all existing stock reaches the re-order point (ROP)
B. Order product from the supplier that gives him the best price at the time of order
C. Order regulators twice per year to keep set-up and order placement costs to a minimum D. Order regulators based on actual customer orders and work with supplier-partners to quickly configure and ship the regulators directly to customers
E. Order regulators in bulk using a manufacturing demand forecast model coupled with a long lead-time based EOQ to take advantage of manufacturing and transportation discounts correct answersD. Order regulators based on actual customer orders and work with supplier-partners to quickly configure and ship the regulators directly to customers
If average daily demand for a product is 5 units and average lead time for an order to arrive is 7 days, what is the reorder point (ROP) for the product?
A. 21 units
B. 12 units
C. 7 units
D. 5 units
E. 35 units correct answersE. 35 units
Ted and his friend Matt start a new company called Crabman Auto Parts. They have heard about agile order fulfillment and are interested in implementing it to decrease costs. Which of the following best describes the strategy Crabman Auto Parts should follow to take advantage of agile order fulfillment?
A, Increase variability of demand by running frequent promotional campaigns and discounts for select products
B. Purchase off-season products in bulk to take advantage of manufacturer's discounts
C. Increase complexity in the supply chain to ensure products are made to automobile manufacturer's strict specifications
D. Synchronize information exchange across the supply chain and form strategic relationships with key customers and suppliers
E. Select suppliers based on lowest unit purchase price regardless of delivery reliability correct answersD.
Synchronize information exchange across the supply chain and form strategic relationships with key customers and suppliers
The economic order quantity (EOQ) model aims to:
A. calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying costs.
B. minimize inventory costs by eliminating safety stock. C. minimize total supply chain landed costs.
D. establish the optimal amount of inventory to be reordered by balancing carrying costs with transportation costs. correct answersA. calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying costs.
The move to lean and then responsive value creation requires a "paradigm shift" from a ________ mentality to a customer ________ mentality.
A. Hybrid style, retention
B. Product-focused push, demand-focused pull
C. Demand-focused push, product-focused pull
D. Product-order completion, time-saving correct answersB. Product-focused push, demand-focused pull
In high-end restaurants, steaks are generally cooked after the wait staff place the order to the kitchen with customers' preference. Which of the following techniques best describes the fulfillment of steak orders to the final customer?
A. Anticipatory
B. Responsive
C. Postpone
D. Lean correct answersB. Responsive
Ted wanted to paint his upstairs hallway. He selected 4 different colors of brown/ beige and chose "Puppy Paws," which Lowe's mixed for him on site. This method of order fulfillment is an example of ________.
A. Time postponement
B. Place postponement
C. Logistics postponement
D. Manufacturing or form postponement correct answersD. Manufacturing or form postponement
Ordering supplies twice per year vs four times per year can result in _______ due to __________?
A. Shorter lead-times, higher set-up or ordering costs
B. Higher ordering costs, lower transportation costs
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