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OM Chilcutt Exam 3: Questions With Complete Answers
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OM Chilcutt Exam 3: Questions With Complete Answers
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OM Chilcutt Exam 3: Questions With Complete AnswersSupply chain management describes the coordination of all supply chain
activities, starting with _______ and ending with _______.
Part 2
A.raw materials; satisfied customers
B.component suppliers; distributors
C.quality; differentiation
D.manufacturers; retailers Right Ans - raw materials; satisfied customers
Which of the following statements is NOT one of the differentiation strategy
decisions?
A.Gather and communicate market research data.
B. Use buffer stocks to ensure speedy supply.
C.Minimize inventory to avoid product obsolescence.
D.Modular design to aid product differentiation. Right Ans - Use buffer
stocks to ensure speedy supply.
What is transferring a firm's activities that have traditionally been internal to
external suppliers?
Part 2
A.vertical integration
B.keiretsu network
C.outsourcing
D.make-or-buy Right Ans - outsourcing
What is developing the ability to produce goods or services previously
purchased or actually buying a supplier or a distributor?
Part 2
A.horizontal integration
B.virtual companies
C.vertical integration
D.outsourcing Right Ans - vertical integration
What is a long-term purchase commitment to a supplier for items that are to
be delivered against short-term releases to ship?
Part 2
A.advanced shipping notice
B.blanket order
, C.postponement
D.drop shipping Right Ans - blanket order
A lawnmower assembly plant uses a variety of nuts, bolts, screws, and other
fasteners in its operation. Its supplier delivers these items directly to the point
of use on the assembly line and ensures that there are always sufficient
quantities of fasteners to maintain the production schedule.
This is an example of
Part 2
A.postponement.
B.vendor-managed inventory.
C.e-procurement.
D.single stage control of replenishment. Right Ans - vendor-managed
inventory.
Supply chain managers outsource logistics to meet three goals:
Part 2
A.lower delivery costs, improve delivery reliability and speed, and provide
better market response.
B.drive down inventory investment, improve delivery reliability and speed,
and provide better market response.
C.drive down inventory investment, lower delivery costs, and improve
delivery reliability and speed.
D.drive down inventory investment, lower delivery costs, and provide better
market response. Right Ans - drive down inventory investment, lower
delivery costs, and improve delivery reliability and speed.
Which of the following is a common measure of supply chain performance?
Part 2
A.cost of goods sold
B.total asset turnover
C.inventory holding cost
D.percentage invested in inventory Right Ans - percentage invested in
inventory
Prior to embarking on supply chain design, why do operations managers first
consider "make-or-buy" and outsourcing decisions?
Part 2
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