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Exam 11: Supply Chain Management

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Question 41

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With cross-sourcing,how many suppliers provide each component on a regular basis (i.e. ,excluding backup suppliers) ?

A) 1
B) 2
C) 3
D) equal to the total number of components
E) equal to the number of countries to which the final product is sold

F) B) and E)
G) A) and B)

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Question 42

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TAL Apparel's management of its supply chain for Stafford shirts sold in JCPenney in an example of which of the following?

A) blanket orders
B) standardization
C) postponement
D) lot size reduction
E) single-stage control of replenishment

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

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Question 43

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While freight rates are often based on very complicated pricing systems,in general,the primary freight price factor is based on which of the following attributes?

________ is the process of sending returned products back up the supply chain for value recovery or disposal.

Identify three specific measures that indicate how well assets are utilized.What are the formulas for each measure?

When using the low-cost strategy for supply chain management,a firm should use buffer stocks to ensure speedy supply.

A grocery chain is interested in exploring the impact effective supply chain management would have.Suppose that for every $1 of sales,4% is profit,50% is spent in the supply chain,and the remaining 46% is evenly divided between fixed and production costs.If the chain can save $1 in the supply chain it would take how many dollars of increased sales to have the same increase in profit? Assume that fixed costs are fixed so that the portion of increased sales allocated to fixed costs is instead profit (27% profit margin combined now).

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

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

Virtual companies are also known as ________ .

Why is channel assembly popular in the personal computer industry?

Hewlett-Packard withholds customization of its laser printers as long as possible.This is an example of which of the following?

Which of the following is NOT a typical benefit of centralized purchasing?

A disadvantage of the "few suppliers" sourcing strategy is:

Use of a diversified supply base represents one of the most common supply chain risk reduction tactics for several different supply chain risk categories.

________ is an approach that seeks efficiency of operations through the integration of all material acquisition,movement,and storage activities.

Vertical integration appears particularly advantageous when the organization has:

Which of the following best describes vertical integration?

In most manufacturing industries,which of the following would likely represent the largest cost to the firm?

The following data are pulled from a recent Walsh Manufacturing annual report. Assets Raw material inventory $120,000 Work-in-process inventory $50,000 Finished goods inventory $300,000 Property,plant & equipment $500,000 Other assets $200,000 Total assets $1,170,000 Condensed Income Statement Revenue $2,000,000 Cost of goods sold $600,000 Other expenses $1,000,000 Net income $400,000 Calculate: (a)Percent invested in inventory, (b)Inventory turnover,and (c)Weeks of supply.