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OMIS 320 Exam 1 Latest Update
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OMIS 320 Exam 1 Latest UpdateWhich of the following is an illustration of a company that has vertically integrated? -
Answer All of these
Successful modern supply chain management typically includes the practice of: -
Answer The sharing of information between supply chain partners
which of the following statements is TRUE? Consumers buy products based on a
combination of: - Answer Cost, quality, availability, maintainability, and reputation
Which of the following is a reverse logistics activity: - Answer Recycling products and
components
According to the textbook, conditions which must be present for successful supply
chain management include: - Answer Cooperation among firms
The following is an example of the bullwhip effect: - Answer Barkley's incorrectly
anticipates consumer demand resulting in stockouts at several popular retailers
The term Supply Chain Management and the field of study it represents today seems to
have emerged in the: - Answer 1980's
Which of the following would be considered a third party provider? - Answer A firm that
leases storage warehousing
Which of the following was a popular way in the 1990's of developing radically new
business processes in an effort to reduce waste and increase performance? - Answer
Business process reengineering
Which of the following can be classified as a 3PL? - Answer All of these
The following supply chain concept was introduced in the 1990's in an attempt to reduce
waste and increase performance: - Answer Business Process Reengineering
According to the text, the FOUR important elements of the supply chain are: - Answer
Purchasing, operations, logistics, integration
Encouraging or helping a firm's suppliers to perform in a desired fashion can be
referred to as: - Answer Supplier management
One operational method for controlling and managing inventory is the implementation of
a software system which can be referred to as: - Answer Material requirements planning
(MRP)
Which of the following acronyms is NOT paired with its correct "translation?" - Answer
ERP Estimated Response Parameters
Which of the following statements is TRUE? - Answer Strategic partnerships are seen as
, one of the foundations of supply chain management
Which of the following acronyms is NOT paired with its correct "translation?" - Answer
MRP Manufacturing Responsiveness and Planning
Lean production is typically associated with which of the following company's
production systems? - Answer Toyota
Transportation management, customer relationship management, network design, and
service response logistics are all important issues that are most closely related to: -
Answer logistics
Which of the following is strategy usually employed by lean organizations in an effort to
ensure continued quality compliance among suppliers and with internal production
facilities? - Answer Six Sigma
Assembly or production of finished products, producing the right amount of product,
and ensuring that finished products meet specific quality, cost, and customer service
requirements are all important issues that are most closely related to: - Answer
Operations
Right-shoring refers to: - Answer Contraction activities within the supply chain
Which of the following is a system that aids in controlling inventory? - Answer Both MRP
and ERP
A certain supply chain is made up of:
1. Raw Materials Supplier
2. Components Manufacturer
3. A firm that manufacturers Sub-assemblies
4. End Item Manufacturer
5. Wholesale Distributor
6. Local Retail Chain Warehouse
Who is considered the second tier supplier of the firm that manufacturers
Sub-assemblies? - Answer Raw Materials Supplier
A certain supply chain is made up of:
1. Raw Materials Supplier
2. Components Manufacturer
3. A firm that manufacturers Sub-assemblies
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