scmn/ relationships february 28, 2008. 1). the inventory required to meet demand under conditions of...
TRANSCRIPT
Pitt. Challenge 2008SCMN/ Relationships
February 28, 2008
1). The inventory required to meet demand under conditions of certainty, is called _________.
a. EOQ b. average inventoryc. SSd. average cycle stock
1). The inventory required to meet demand under conditions of certainty, is called _________
a. EOQ b. average inventoryc. SSd. average cycle stock
2) What best characterizes outsourcing in the 1980s?a. agreements were transactional orientedb. offering value-added services was trendy c. concentration on productivity and long-
term contractsd. concentrate on core competencies
2) What best characterizes outsourcing in the 1980s?a. agreements were transactional orientedb. offering value-added services was
trendy c. concentration on productivity and long-
term contractsd. concentrate on core competencies
3). Simple EOQ is:a. efficient order quantityb. a balancing of inventory carrying cost and
transportation cost c. a balancing of set-up cost and inventory
carrying costd. economic inventory level under conditions
of uncertainty
3). Simple EOQ is:a. efficient order quantityb. a balancing of inventory carrying cost and
transportation cost c. a balancing of set-up cost and
inventory carrying costd. economic inventory level under conditions
of uncertainty
4). As a firm orders in larger quantities:a. order cost decrease and inventory carrying
cost increaseb. order cost increase and inventory carrying
cost decreasec. order cost decrease and inventory carrying
cost decreased. order cost increase and inventory carrying
cost increases
4). As a firm orders in larger quantities:a. order cost decrease and inventory
carrying cost increaseb. order cost increase and inventory carrying
cost decreasec. order cost decrease and inventory carrying
cost decreased. order cost increase and inventory carrying
cost increases
5). Outsourcing allows firms to:a. correct mistakes at a lower costb. better control transactionsc. identify quality issues faster d. better negotiate with customers
5). Outsourcing allows firms to:a. correct mistakes at a lower costb. better control transactionsc. identify quality issues faster d. better negotiate with customers
6) In expanded supply chain management, what are the three basic flows that are critical for supply chain partners to coordinate and jointly manage:
a. Product, Information and Advertising
b. Cash, Information and Product c. Information, Advertising and Cash d. Information, Product and Training
6) In expanded supply chain management, what are the three basic flows that are critical for supply chain partners to coordinate and jointly manage:
a. Product, Information and Advertising
b. Cash, Information and Product c. Information, Advertising and Cash d. Information, Product and Training
7) The value-added role of logistics generally includes direct responsibility for providing which of the following: a. Place and Form Utility b. Time and Place Utility c. Possession and Time Utility d. Value and Form Utility
7) The value-added role of logistics generally includes direct responsibility for providing which of the following: a. Place and Form Utility b. Time and Place Utility c. Possession and Time Utility d. Value and Form Utility
8). Which of the following is not a critical factor in supply chain flow optimization
a. Space b. Linkage c. Velocity d. Variability management
8). Which of the following is not a critical factor in supply chain flow optimization
a. Space b. Linkage c. Velocity d. Variability management
9)Which of the following activities would not be included within reverse logistics?
A)finished goods distributionB) recyclingC) product and packaging reuseD) salvage and scrap disposalE) waste disposal
9)Which of the following activities would not be included within reverse logistics?
A)finished goods distributionB) recyclingC) product and packaging reuseD) salvage and scrap disposalE) waste disposal
Which of the following is not a benefit associated with successful implementation of MRP systems?
A)better manufacturing controlB)higher inventory turnover ratio(s)C)more accurate and timely informationD)reduction in purchasing costs due to fewer
orders being placed E) work force overtime is minimized
Which of the following is not a benefit associated with successful implementation of MRP systems?
A)better manufacturing controlB)higher inventory turnover ratio(s)C)more accurate and timely informationD)reduction in purchasing costs due to
fewer orders being placed E) work force overtime is minimized
Which of the following statements about the cost and service considerations in global logistics is FALSE?
A)The distances involved are much longer.B)Most international freight (measured by
weight) moves by air. C)Order completeness is much more
important.D) There are higher costs associated with
shipping errors than in domestic logistics.E) None of the above statements are FALSE.
Which of the following statements about the cost and service considerations in global logistics is FALSE?
A)The distances involved are much longer.B)Most international freight (measured by
weight) moves by air. C)Order completeness is much more
important.D) There are higher costs associated with
shipping errors than in domestic logistics.E) None of the above statements are FALSE.
Control over logistics costs can be accomplished by:
A)standard costsB)absorption costingC)productivity standards
D) A and C only
Control over logistics costs can be accomplished by:
A)standard costsB)absorption costingC)productivity standards
D) A and C only
According to the current CLM definition of logistics, the relationship between logistics and supply chain is:
A)they are synonymous B)supply chain is a part of logisticsC)logistics is a part of supply chain D)they are antonyms E)they are both part of the marketing channel
According to the current CLM definition of logistics, the relationship between logistics and supply chain is:
A)they are synonymous B)supply chain is a part of logisticsC)logistics is a part of supply chainD)they are antonyms E)they are both part of the marketing channel
14). All of the following are characteristics of a supply chain management perspective (as opposed to a more traditional view of logistics/conventional channels), except: a. Members of the supply chain
acknowledge interdependence b. Inventories are used as a mechanism
of first, rather than last resort c. The supply chain is viewed as a single
entity: competition is not with other firms in the supply chain but with other supply chains
d. Supply chains are actively managed in both the upstream and downstream directions
14). All of the following are characteristics of a supply chain management perspective (as opposed to a more traditional view of logistics/conventional channels), except: a. Members of the supply chain
acknowledge interdependence b. Inventories are used as a
mechanism of first, rather than last resort c. The supply chain is viewed as a single
entity: competition is not with other firms in the supply chain but with other supply chains
d. Supply chains are actively managed in both the upstream and downstream directions
A manager may pay more for one element of service in order to save an even larger amount on a different element. This is called _____________.
A)suboptimizationB)cost tradeoffC)supply chain managementD)efficient consumer response
A manager may pay more for one element of service in order to save an even larger amount on a different element. This is called _____________.
A)suboptimizationB)cost tradeoffC)supply chain managementD)efficient consumer response
Pitt. Challenge March 6, 2008
Supply Chain Relationships
1)Which is NOT one of the Four Phases of Supply Management?A) Generation of RequirementsB) SourcingC) PricingD) Materials HandlingE) Post- Award Activities
Which is NOT one of the Four Phases of Supply Management?A) Generation of RequirementsB) SourcingC) PricingD) Materials HandlingE) Post- Award Activities
2)Which is NOT one of the five major developments of supply management?A) Cross-functional teamsB) Supply AlliancesC) Logistics D) Strategic SourcingE) E-Procurement
Which is NOT one of the five major developments of supply management?A) Cross-functional teamsB) Supply AlliancesC) Logistics D) Strategic SourcingE) E-Procurement
3)Which is NOT one of the Primary benefits of a Supply Alliance?A) Increased Time to MarketB) Improved QualityC) Improved Technology Flow From
SuppliersD) Improved Continuity of Supply
E) Lower Total Costs
Which is NOT one of the Primary benefits of a Supply Alliance?A) Increased Time to MarketB) Improved QualityC) Improved Technology Flow From
SuppliersD) Improved Continuity of Supply
E) Lower Total Costs
4)Which is a Disadvantage of E-Commerce’s relationship with Supply MNGT?A) Enables companies to share information
about quality problemsB) Identify Internet supplier’s throughout the
Internet-connected worldC) Frequently requires integrating D) Helps enable collaboration
Which is a Disadvantage of E-Commerce’s relationship with Supply MNGT?A) Enables companies to share information
about quality problemsB) Identify Internet supplier’s throughout the
Internet-connected worldC) Frequently requires integrating D) Helps enable collaboration
5)The term supply chain management A)was coined by consultants at Booz-Allen &
Hamilton in the 1980's B)was introduced to draw attention to the
changing role of the logistics manager C)was introduced to draw attention to the need
for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes
D)Both b and c E)All of the above.
The term supply chain management A)was coined by consultants at Booz-Allen &
Hamilton in the 1980's B)was introduced to draw attention to the
changing role of the logistics manager C)was introduced to draw attention to the need
for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes
D)Both b and c E)All of the above.
6)To say SCM is important because of dollars means that : A)it is expensive to change how supply
chains are managed B)SCM focuses on the movement of
money in international trade C)a lot of money is spent on SCM
activities D)the cost of capital is higher for well
developed supply chains E)Both a and d
To say SCM is important because of dollars means that : A)it is expensive to change how supply
chains are managed B)SCM focuses on the movement of
money in international trade C)a lot of money is spent on SCM
activities D)the cost of capital is higher for well
developed supply chains E)Both a and d
7) TQM: A)stands for timeliness and quality of
management B)is an organization-wide effort directed
towards the continuous improvement of quality
C)relies on information technology D)was introduced in the early 1900's E)Both b and c
TQM A)stands for timeliness and quality of
management B)is an organization-wide effort directed
towards the continuous improvement of quality
C)relies on information technology D)was introduced in the early 1900's E)Both b and c
8) JIT: A)was initially developed and implemented
at Toyota B)has evolved over time and has been
adapted in a wide range of sectors C)is commonly known in industry today as
lean D)Both b and c E)All of the above
JIT: A)was initially developed and implemented
at Toyota B)has evolved over time and has been
adapted in a wide range of sectors C)is commonly known in industry today as
lean D)Both b and c E)All of the above
9) The supply chain product matrix: A)classifies products according to
predictability of demand B)classifies the supply chain according to
industry C)indicates that a responsive supply chain
should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products
E)Both a and d
The supply chain product matrix: A)classifies products according to
predictability of demand B)classifies the supply chain according to
industry C)indicates that a responsive supply chain
should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products
E)Both a and d
10) Regarding the characteristics of a responsive supply chain, A)the primary purpose is to respond quickly to
unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory
B)excess buffer capacity is maintained rather than striving for high utilization
C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality
D)products are designed to be modular rather than to maximize performance and minimize cost
E)All of the above
Regarding the characteristics of a responsive supply chain, A)the primary purpose is to respond quickly to
unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory
B)excess buffer capacity is maintained rather than striving for high utilization
C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality
D)products are designed to be modular rather than to maximize performance and minimize cost
E)All of the above
SCOR:A) stands for supply chain order and
replenishment B) is part of the supply chain-product matrix C) specifies a framework for describing
supply chain processes with associated terminology, metrics, and best practices
D) Both a and b E) Both a and c
SCOR:A) stands for supply chain order and
replenishment B) is part of the supply chain-product matrix C) specifies a framework for describing
supply chain processes with associated terminology, metrics, and best practices
D) Both a and b E) Both a and c
Regarding causes of system slack and principles of nature,A) the longer the time lags, the greater the
uncertainty due to the trumpet of doom. B) quantity uncertainty contributes to long
flowtimes and congestion due to the curse of variability
C) cross-training reduces quantity uncertainty, and consequently flowtimes and congestion, due to the law of large numbers
D) time lags contribute to the bullwhip effect in supply chains
E) All of the above
Regarding causes of system slack and principles of nature,A) the longer the time lags, the greater the
uncertainty due to the trumpet of doom. B) quantity uncertainty contributes to long
flowtimes and congestion due to the curse of variability
C) cross-training reduces quantity uncertainty, and consequently flowtimes and congestion, due to the law of large numbers
D) time lags contribute to the bullwhip effect in supply chains
E) All of the above
The process-product matrixA) classifies processes according degree of
cleanliness B) classifies products according to cost
C) is a framework for detecting misalignment between the business strategy and the supply chain metrics/processes
D) Both b and c E) All of the above
The process-product matrixA) classifies processes according degree of
cleanliness B) classifies products according to cost
C) is a framework for detecting misalignment between the business strategy and the supply chain metrics/processes
D) Both b and c E) All of the above
Six SigmaA) is relevant for the service sector and the
manufacturing sector B) is not related to TQM C) is a quality improvement initiative that
instills an attitude and expertise for reducing variability and waste and increasing consistency in outputs
D) Both a and c E) Both a and b
Six SigmaA) is relevant for the service sector and the
manufacturing sector B) is not related to TQM C) is a quality improvement initiative that
instills an attitude and expertise for reducing variability and waste and increasing consistency in outputs
D) Both a and c E) Both a and b
POLCA:A) stands for production with on-line cells
and automation B) is suitable for products with stable
demand C) uses cards to pull work through the cells D) cards are the same as kanban cards E) cards signal that material is needed
POLCA:A) stands for production with on-line cells
and automation B) is suitable for products with stable
demand C) uses cards to pull work through the
cells D) cards are the same as kanban cards E) cards signal that material is needed