FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 11: Supply Chain Management

Show Answer

Share

---

All types

Filters

Study Flashcards

Question 31

True/False

Review LaterAdd Note

Review Later

Improvements in security,especially regarding the millions of shipping containers that enter the U.S.each year,are being held back by the lack of technological advances.

A) True
B) False

Correct Answer

verified

Show Answer

Question 32

Multiple Choice

Review LaterAdd Note

Review Later

Japanese manufacturers often pursue a strategy that is part collaboration,part purchasing from a few suppliers,and part vertical integration.What is this approach called?

A) kanban
B) keiretsu
C) samurai
D) poka-yoke
E) kaizen

F) C) and D)
G) A) and E)

Correct Answer

verified

Show Answer

Question 33

Multiple Choice

Review LaterAdd Note

Which of the following describes using one supplier for a component and a second supplier for another component,where each supplier acts as a backup for the other?

A blanket order is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.

Cross-sourcing describes the practice of having two suppliers provide every component.

The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is:

Consider a firm with an annual net income of $20 million,revenue of $60 million and cost of goods sold of $25 million.If the balance sheet amounts show $2 million of inventory and $500,000 of property,plant & equipment,what is the inventory turnover?

Why is channel assembly popular in the personal computer industry?

What type of negotiating strategy requires the supplier to open its books to the purchasers?

________ postpones final assembly of a product so the distribution channel can assemble it.

Which of the following is NOT true about reverse logistics as compared to forward logistics?

Savings in the supply chain exert more leverage as the firm's net profit margin decreases.

Outsourcing:

Keiretsu refers to a company coalition that is part collaboration,part purchasing from many suppliers,and part vertical integration.

As the corporate and operations management strategies vary from low cost to response to differentiation,how does this impact the criteria used for selecting suppliers?

When Daimler and BMW pooled resources to develop standardized auto components,the sourcing strategy could best be described by which of the following?

________ describes using one supplier for a component and a second supplier for another component,where each supplier acts as a backup for the other.

Benchmark firms have driven down costs of supply-chain performance.

The ________ is a set of processes,metrics,and best practices developed by the Supply Chain Council.

While the prices that consumers pay are often inflexible,a significant number of final prices paid in business-to-business transactions are negotiated.