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BUAD 331 UTK FINAL EXAM REPORTED QUESTIONS WITH ANSWERS
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BUAD 331 UTK FINAL EXAM REPORTED QUESTIONS WITH ANSWERS
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BUAD 331 UTK FINAL EXAMREPORTED QUESTIONS WITH
ANSWERS
a. Decrease non-value added time - Answer-27. Supply chain mapping techniques
enable managers to see where value is added in the supply chain. To improve system
performance, managers should seek to
c. non value added time or d. lead time gap - Answer-28. The time that raw material
inventory spends at a manufacturing plant waiting to be converted into finished goods is
an example of which of the following?
c. Anticipatory - Answer-31. among Lowe's product categories, nails are one of the
basic products that have low customization, long product cycle life, and very stable
demand. Which of the following techniques is the best fit for ordering nails? (need
answer)
a. downstream, upstream - Answer-33. some supply chains will use two supply chain
strategies in a hybrid combination. When this happens it is common to use Lean
______ part of the supply ching and agile in the _____ of the supply chain
b. shortens lead time and speeds product delivery - Answer-34. eliminating non-value
added time from the supply chains helps reduce inventory carrying cost and also ____
Product - Answer-35. as the number of product variants is increased the amount of
demand for each variant decreases. This describes _______ complexity in the supply
chain?
d. Buyers negotiate with vendors to gain the lowest unity purchase price for the next
order - Answer-36. Which of the following is NOT and example of an information
enabled supply chain
d. The number of available vendors is declining - Answer-37. In a recent WSI article, we
can see that Li & Fung, a big middle man in the apparel industry is facing new supply
chain challenges. Which of the following challenges below is not relevant to Li & Fung
a. Coordination and operating - Answer-38. With regard to supply chain information
flows, strategic planning is performed in the _______ flows while order processing
occurs in the ________ flows
, c. Smed - Answer-39. A lean practive focuses on reducing machine down time for grade
change is called
d. Reduces manufacturing cost and order cycle time - Answer-40. A hybrid supply
strategy discussed in class was a method used for missing paint at a retail. The lean
portion of the process discussed is an advantage for the manufacture because it costs:
a. Lower transportation costs due to its capacity and therefore greater economy of scale
- Answer-1. Video about mary Maersk, learned that the ship is one of the largest
container ships on the world. Length over 1300 feet. What is biggest value ship like this
brings to global supply chain management
a. Increase, decrease - Answer-2. As supply chains increase their degree of
globalization, which on the following tradeoffs occur. Transportation costs tend to _____
whereas production costs tend to ____
a. Manufacturing is often the heart of the operation. Plan to make significant changes to
it, many risks must be fully analyzed for risk - Answer-3. Ch 9 video, eddie dabila talked
about global supply chain management comparing off-shore manufacturing processes
to a heart transplant. His point was?
a. using ocean freight to reduce costs - Answer-4. "story of an Iphone" video, learned
during product launches, apple shifts from
a. Before contracting, manufacturing manager have to consider many risks that could
impact the overall business - Answer-5. In the chapter on managing risk, the author
uses real examples of the risks faced by companies who ______ (sorry blurry) In his
example, a Mattel production problem resulted in a recall, a 15% sales impact, and the
suicide of of the contract manufacturers CEO. This example implies:
a. Effective, efficient, adaptable - Answer-6. In class video on Performance
management emphasized proper use of data using a basketball analogy. Which of the
following were the three factors about data he said we should consider?
a. Both b and c
b. A fuel leak could result in the spill that impacts the environment
c. Speed of the vessel. Higher speeds burn more fuel and increase operating costs -
Answer-7. The Mary Maersk's largest operating cost is fuel. It burns about 100 tons of
fuel a day. A consideration for the ships operator might be
a. Compressed natural gas - Answer-8. The instructor talked about Ruan, a US base
over the road carrier using a non-traditional fuel in a pilot that empowered their
sustainability profile. The fuel that Ruan used in the pilot program is
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