Question 1

Real-time information about product movement on store shelves could benefit from the use of

Accepted Answer

A)  batch processing.
B)  economic order quantities.
C)  statistical process control.
D)  radio frequency identification tags.
E)  infrared remote scanners.F) C) and D)
G) B) and C)

Question 2

This is known as the strategic coordination of the supply chain for the purpose of integrating supply and demand management.

Accepted Answer

A)  supply chain management
B)  logistics
C)  ERP
D)  strategic partnerships
E)  strategic procurementF) B) and C)
G) A) and E)

Question 3

The website and order fulfillment are essential features of

Accepted Answer

A)  delayed differentiation.
B)  e-commerce.
C)  Internet service providers.
D)  inventory balancing.
E)  market segmentation.F) A) and E)
G) B) and C)

Question 4

Our organization can obtain visibility to potential trading partners on the Internet by using

Accepted Answer

A)  C2C websites.
B)  B2C enablers.
C)  B2B exchanges.
D)  C2B marketplaces.
E)  2BC commerce.F) A) and C)
G) C) and D)

Question 5

The interface between the firm and its suppliers is

Accepted Answer

A)  purchasing.
B)  production.
C)  distribution.
D)  engineering.
E)  accounting.F) A) and C)
G) A) and E)

Question 6

Which of the following is not true of vendor analysis?

Accepted Answer

A)  It involves an examination of the function of purchased parts or raw materials.
B)  Its purpose is to reduce costs and/or improve performance of purchased goods or services.
C)  It is usually performed only periodically.
D)  Representatives from design and operations may work with purchasing.
E)  If improvements are identified, purchasing implements those that purchasing agrees are justified.F) A) and E)
G) A) and D)

Question 7

Using third-party fulfillment means losing control of fulfillment.

Accepted Answer

A) True 
 B)False

Question 8

Vendor analysis has the greatest potential for savings for items which have

Accepted Answer

A)  low cost per unit.
B)  low annual cost-volume.
C)  high cost per unit.
D)  high annual usage.
E)  high annual cost-volume.F) B) and C)
G) B) and D)

Question 9

Which of the following is not a key aspect of supply chain management?

Accepted Answer

A)  determining the appropriate level of outsourcing
B)  managing procurement
C)  managing suppliers
D)  implementing lean principles
E)  managing customer relationshipsF) A) and C)
G) B) and E)

Question 10

Returned goods are part of reverse logistics.

Accepted Answer

A) True 
 B)False

Question 11

The need for risk management increases as globalization of supply chains increases.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following is least likely to be a key consideration when a company chooses a supplier?

Accepted Answer

A)  lead time and on-time delivery
B)  reputation and financial stability
C)  current inventory
D)  quality and quality assurance
E)  flexibility of design changeF) B) and C)
G) A) and B)

Question 13

_____ is the ability of a business to recover from an event that negatively impacts the supply chain.

Accepted Answer

A)  Risk avoidance
B)  Risk reduction
C)  Resiliency
D)  Risk sharing
E)  Establishing transparencyF) A) and D)
G) A) and B)

Question 14

E-commerce refers to the use of electronic technology to facilitate business transactions.

Accepted Answer

A) True 
 B)False

Question 15

The service function of purchasing interfaces with many areas, including legal, accounting, and engineering functions.

Accepted Answer

A) True 
 B)False

Question 16

Event-response capability is the advanced planning required to respond to planned events such as receiving a scheduled shipment.

Accepted Answer

A) True 
 B)False  False

Question 17

The purchasing perspective of the supplier as a partner is characterized by

Accepted Answer

A)  an emphasis on low prices.
B)  one or a few suppliers.
C)  low flexibility.
D)  100 percent inspection for quality.
E)  low volume.F) B) and E)
G) B) and D) B

Question 18

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

Accepted Answer

A) True 
 B)False  True

Question 19

It is especially the case for small businesses that closer interactions and increased agility make __________ relatively more attractive.

Accepted Answer

A)  domestic suppliers
B)  centralized purchasing
C)  global suppliers
D)  decentralized purchasing
E)  risk transferF) B) and E)
G) C) and E)

Question 20

Logistics includes all of these except

Accepted Answer

A)  the movement of materials within a production facility.
B)  incoming shipments of goods or materials.
C)  outgoing shipments of goods or materials.
D)  customer selection.
E)  returned goods processing.F) C) and D)
G) A) and E)

Exam 15: Supply Chain Management

Real-time information about product movement on store shelves could benefit from the use of

Correct AnswerverifiedShow Answer

This is known as the strategic coordination of the supply chain for the purpose of integrating supply and demand management.

Correct AnswerverifiedShow Answer

The website and order fulfillment are essential features of

Correct AnswerverifiedShow Answer

Our organization can obtain visibility to potential trading partners on the Internet by using

Correct AnswerverifiedShow Answer

The interface between the firm and its suppliers is

Correct AnswerverifiedShow Answer

Which of the following is not true of vendor analysis?

Correct AnswerverifiedShow Answer

Using third-party fulfillment means losing control of fulfillment.

Correct AnswerverifiedShow Answer

Vendor analysis has the greatest potential for savings for items which have

Correct AnswerverifiedShow Answer

Which of the following is not a key aspect of supply chain management?

Correct AnswerverifiedShow Answer

Returned goods are part of reverse logistics.

Correct AnswerverifiedShow Answer

The need for risk management increases as globalization of supply chains increases.

Correct AnswerverifiedShow Answer

Which of the following is least likely to be a key consideration when a company chooses a supplier?

Correct AnswerverifiedShow Answer

_____ is the ability of a business to recover from an event that negatively impacts the supply chain.

Correct AnswerverifiedShow Answer

E-commerce refers to the use of electronic technology to facilitate business transactions.

Correct AnswerverifiedShow Answer

The service function of purchasing interfaces with many areas, including legal, accounting, and engineering functions.

Correct AnswerverifiedShow Answer

Event-response capability is the advanced planning required to respond to planned events such as receiving a scheduled shipment.

Correct AnswerverifiedFalse

The purchasing perspective of the supplier as a partner is characterized by

Correct AnswerverifiedB

Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others.

Correct AnswerverifiedTrue

It is especially the case for small businesses that closer interactions and increased agility make __________ relatively more attractive.

Correct AnswerverifiedShow Answer

Logistics includes all of these except

Correct AnswerverifiedShow Answer

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True

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