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Exam 15: Supply Chain Management

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Question 41

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Some firms have structured their procurement function to include both centralized and decentralized purchasing.

A) True
B) False

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Question 42

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To prevent temporary storage in a warehouse, cross docking can be used.

A) True
B) False

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Question 43

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The need for supply chain management increases as globalization increases.

Which of the following is not true of vendor analysis?

RFID chips: (I) are used to track goods in distribution (II) are used to track job progress in production (III) are used to provide special instructions to operators (IV) can be used in inventory record keeping

Disintermediation refers to the phenomenon that the traditional retailer or service provider is reduced or eliminated in a supply chain.

Vendor Analysis is the examination of the _________ of purchased materials.

A company's supply chain involves the flow of materials and information from suppliers, through production, to the end users.

Frequent deliveries of small shipments can reduce inventory but also result in an increase in the transportation cost per unit.

Inventory velocity refers to the average speed (in miles/hour) of material handling equipment in a warehouse.

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

Vendor analysis examines the function of purchased parts and materials with a view towards improvement or cost reduction.

The goal of supply chain management is to synchronize supply and demand of all of the organizations that are part of the chain.

Event management is the advanced planning required for major performances such as concerts or conferences.

Global supply chains make purchasing easier because of more options.

The website and order fulfillment are essential features of:

Which of the following is not a measure of the reliability of the supply chain?

Starting with the final customer and moving backward through the supply chain, batch sizes and the level of safety stock tend to decrease.

Small changes in consumer demand can result in large variations in orders placed because of the ...

Which of the following is a barrier to integration of separate organizations in the supply chain? (I) conflicting objectives of the companies in the chain. (II) different level of capacity of the companies in the chain. (III) reluctance of the organizations in the chain to allow other organizations access to their data.