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Exam 13: Supply-Chain Management

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Question 31

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Which of the following is an aspect of environmental risk in supply-chain management?

A) political issues
B) management metrics
C) secure financial transactions
D) raw material availability
E) All of the above are environmental risks.

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Question 32

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__________ involves reducing the number of variations in materials and components as an aid to cost management.

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Question 33

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The __________ is an organization that has published principles and standards for ethical supply management conduct.

Operations managers are finding online auctions a fertile area for disposing of discontinued inventory

The __________ decision involves choosing between producing a component or a service internally and purchasing it externally.

The objective of the make-or-buy decision is to help identify the products and services that can be obtained externally.

The supply chain for a brewery would include raw ingredients such as hops and barley but not the manufactured goods such as bottles and cans.

A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer. The carpet manufacturer is practicing

A grocery store is trying to find a new vendor for carrots. Its three criteria are 1. Freshness, 2. Lot Size, and 3. Cost with factor weights of .6, .1, and .3 respectively. What would a vendor with ratings of 6, 8, and 10 in the three respective categories score as a weighted total?

Which of the following supply-chain strategies creates value by allowing suppliers to have economies of scale?

Even though a firm may have a low cost strategy, supply-chain strategy can select suppliers primarily on response or differentiation.

A disadvantage of the "few suppliers" strategy is

A firm that employs a "response strategy" should minimize inventory throughout the supply chain.

A regional grocery chain spends 70 percent of its sales in the supply chain, and has a net profit margin of 2 percent. They have just initiated an Internet-based inventory management program that is expected to save the chain $500,000 per year. What is the equivalent increase in sales to this saving? Use Table 11.3, reproduced below.

Which of the following is not a condition that favors the success of vertical integration?

What opportunities exist for reducing the "bullwhip" effect, and improving the supply chain?

What is the average capacity utilization in the motor carrier (trucking) industry?

Which of the following statements is true regarding the leverage of supply-chain savings?

Waterways are an attractive distribution system when speed is more important than shipping cost.

Toyota's policy of having two suppliers per component after its experience with fire and earthquakes is similar to Hark Rock Café's franchising in societies that have significant cultural or environmental barriers because