Reference no: EM131150925

Question1: Which of the following levels of supply chain information systems is most likely to provide the firm with a competitive advantage?

A. Strategic planning

B. Decision analysis

C. Management control

D. Transaction system

Question 2: A supply chain compliance system

A. Results in reduced inventories

B. Authorizes that the trade partners are authorized economic operators

C. Monitors C-TPAT compliance

D. B and C

Question 3: The objective of Extensible Markup Language (XML)

A. Allow for more flexibility when exchanging information between supply chain partners

B. Defines precise formats for information exchange

C. Can be easily converted to Hyper Text Markup Language (HTML)

D.A and C

Question 4: Software as a Service (SaaS) allows for all of the following except

A. Shifts much of the software and related hardware cost from fixed to variable based on time or number of transactions

B. Typically allows data access via the Internet

C. Increase company control over data

D. Reduces the need for firms to develop and maintain specialized expertise

Question 5: Knowing the location and status of inventory and resources is referred to as:

A. intelligence

B. visibility

C. knowledge

D. integration

Question 6: The land bridge combines sea and rail transport

A. True

B. False

Question 7: Air transport is characterized by low fixed and high variable cost

A. True

B. False

Question 8: The transportation mode having the best overall operating characteristics is truck.

A. True

B. False

Question 9: Since 1995 the use of intermodal transportation has:

A. Remained about the same

B. Increase significantly

C. Decreased

D. Increased slightly

Question 10: Among the following choices which is typically the most expensive transportation mode:

A. Water

B. Truck

C. Air

Question 11: The transportation economic principle that deals with economy of distance is:

A. Consolidation

B. Load-off

C. Tapering

D. Spanning

Question 12: If a transportation vehicle has completed a delivery and is returned empty, the situation is called a:

A. Backhaul

B. Piggy-back

C. Freight absorption

D. Deadhead

Question 13: With respect to transportation regulation today:

A. There is no economic regulation of transportation

B. There is more economic regulation than ever before

C. There is very little safety/social regulation

D. There is more safety/social regulation than ever before

Question 14: Which combination of transportation operating service characteristics not?

A. Speed: air is best; pipeline is worst

B. Availability: motor is best; pipeline is worst

C. Capability: air is best; truck is worst

D. Dependability: pipeline is best; air is worst

Question 15: What happens to the EOQ when the unit cost increases (assuming all other variables remain the same)?

A. EOQ does not change

B.EOQ increases

C. EOQ decreases

D. EOQ remains the same

Question 16: When calculating a Reorder Point (ROP), which of the following factors WOULD NOT affect the calculation?

A. Item's EOQ

B. Delivery lead time.

C. Demand during the delivery lead time.

D. Standard deviation of demand during delivery lead time.

Question 17: A batch of Raisin Bran that has been made at Kellogg's, but not yet packaged in its final cereal box would be an example of ______ inventory.

A. Raw Material

B. Work-in-process

C. Finished Goods

D. Maintenance, repair and operating supplies (MRO)

Question 18: Which of the following is included in the cost of carrying inventory?

A. Heating and lighting a warehouse

B. Inventory obsolescence

C. Material handling

D. All of the above

Question 19: ______________ ______________ is the primary reason that time to market has decreased over the past two decades.

Information Technology

Question 20: Supply Chain Management promotes a network of highly efficient independent businesses?

A. True

B. False

Question 21: There are eight critical supply chain processes?

A. True

B. False

Question 22: A Supply Chain is best described by which of the following:

A.A group of cooperative carriers

B.A formal association of competitive companies

C. Two firms who create a strategic alliance

D. A group of collaborative companies

Question 23: Collaboration is the act of:

A. Sharing secret information

B. Working with competitors

C. Integrating a supply chain

D. Legal in selected supply chain arrangements

Question 24: Cash-to Cash Conversion?

A.Is typically related to inventory turn

B.Is related to freight payment

C.Is the time required to convert raw materials into finished inventory

D.Is a measure of manufacturing efficiency

Question 25: The primary reason that total logistics cost has reduced as a percentage of GDP is:

A. Nominal GDP has increased

B. Transportation has decreased as a percent of total cost

C. Inventory has decreased as a percent of total cost

D. Inventory has increased as a percent of total cost

Question 26: The "Pareto Principle" is:

A. Unique to logistical performance measurement

B. A concept developed in manufacturing to integrate logistics and procurement

C. Used in logistics to develop fine line inventory classification

D. Seldom the result of logistics system design

Question 27: In general, offering consumers higher levels of service output in terms of greater spatial convenience or product variety results in ________ logistics and distribution cost. Higher

higher or increased

Question 28: The customer accommodation cycle for make-to-plan items is typically longer than the cycle for assemble-to-order items.

A. True

B. False

Question 29: Make-to-order strategies typically have lower inventory and warehousing cost than make-to plan strategies.

A. True

B. False

Question 30: Which of the following reflects does not reflect a strategic focus on procurement?

A. focus on total cost of ownership.

B. supply base reduction.

C. focus on purchase price.

D. win-win negotiation.

Question 31: From a strategic perspective, companies should strive to:

A. provide customer success to all customers

B. realize different customer accommodation approaches may be appropriate for different customers

C. all customers desire close customer success types of relationships

D. never refuse to do business with a customer

Question 32: The most exacting measure of logistics performance regarding availability is:

A. Stock-out frequency

B. Orders shipped complete

C. Fill rate

D. Average number of items on hand

Question 33: Achieving customer satisfaction with logistical performance does not mean that customers will be loyal.

A. True

B. False

Question 34: This manufacturing approach typically has the longest customer experienced lead time?

make-to-order

Question 35: Providing greater spatial convenience to customers typically requires greater logisitics expense.

True

False