MGSC final

The pull method is illustrated by

made-to-order computer systems.

The firm that allows customers to select from a variety of standard options to create the service or product of their choice is practicing

mass customization

The primary lever to reduce anticipation inventory is to

match demand rate with production rate.

Which of the following is NOT one of the three basic ways inventories are​ reported?

material cost of goods sold

Which of the following is one of the three major humanitarian supply chain operations relating to disaster​ relief?

recovery

The ethical standard that states that wages paid for a standard work week must meet the legal and industry standards and be sufficient to meet the basic need of workers and their families is called

remuneration

The difference between​ people-processing service and​ possession-processing services is that

services are provided to the customer who must be present in​ people-processing; services are provided for the customer who does not need to be present in​ possession-processing services.

Backward integration is achieved through

the purchase of a controlling interest in the​ firm's supplier.

If customer arrivals are generated according to a Poisson​ distribution,

then the interarrival times of the customers are exponentially distributed.

For the manufacturing​ firm, tier 2 suppliers provide​ ______________ with components.

tier 1 suppliers

Firms need​ one-time inventory decisions in all of the following cases EXCEPT A. when holding costs are low and there is no seasonal demand. B. when the items are fashion goods. C. when the lead time is longer than the selling season. D. when a manufacturer makes customized items to a single order and scrap quantities are high.

when holding costs are low and there is no seasonal demand.

An individual item or product that has an identifying code and is held in inventory somewhere along the supply chain is called a

​stock-keeping unit.

​_________ is a rule that allows a customer of higher priority to interrupt the service of another customer.

A preemptive discipline

A mass customization strategy has three important competitive advantages. Which of the following is NOT one of​ them? A. eliminate raw material inventories B. eliminating finished goods inventory C. increasing perceived value of services or products D. managing customer relationships

A. eliminate raw material inventories

A perpetual inventory system requires that

inventory records are always current.

In terms of the environmental responsibility of supply chain​ management, which of the following statements is​ true? A. The design and integration of supply chains can play a major role in preserving resources. B. The goal is to leave as small an environmental footprint as possible so that future generations can make use of abundant natural resources. C. Environmental responsibility addresses the ecological needs of the planet and the​ firm's stewardship of the natural resources used in the production of services and products. D. All of the above statements are true.

All of the above statements are true.

Forward integration can mean which of the​ following? A. the firm acquires more channels of distribution B. the firm acquires its own distribution centers and retail stores C. the firm acquires its business customers D. All of the above.

All of the above.

Which of the following is a principal reason that explains why economies of scale can drive costs down when output​ increases? A. process advantages are found B. construction costs are reduced C. costs of purchased materials are cut D. All of the above.

All of the above.

Which of the following is one of the standards covering the nine dimensions of ethical workforce​ management? A. require no more than 48 working hours per week B. use no corporal​ punishment, mental or physical​ coercion, or verbal abuse C. respect the right to form and join trade unions and bargain collectively D. All of the above.

All of the above.

​_________ involves mixing the modes of transportation for a given​ shipment, such as moving shipping containers or truck trailers on rail cars.

Intermodal shipments

In disaster relief supply​ chains, strategic hubs are used for what​ purpose? A. They are companies that contribute funds to pay for relief supplies. B. They are used for​ human-related disasters because they can be moved on a​ moment's notice. C. They are located as close to the source of supply as possible to minimize the distance traveled. D. They stockpile vital supplies.

D. They stockpile vital supplies.

The unpredictability and severity of disasters pose unique challenges to supply chain managers. Which of the following statements related to design implications is​ false?: A. At the​ on-set of a​ disaster, the supply chain could require a new design from scratch. B. ​Risk-taking is encouraged because the priority is quick access. C. Many disaster relief supply chains exist for only short times. D. All of the above statements are true

D. All of the above statements are true

Which of the following outcomes is not a direct result of a market​ analysis?

Development of core competencies

Organizations have traditionally divided the responsibility for managing the flow of materials and services among which three​ departments?

Purchasing, production, distribution

Which statement about the​ single-period model is​ best?

The lower the loss at the end of the​ season, the more units will be purchased at the beginning of the season.

Chang and Chang observe that the competition is increasing the size of its warehouses. They have decided to do the same. They are following​ _______ strategy.

a follow the leader

Firms can engage in​ __________, which is the process of​ planning, implementing, and controlling the​ efficient, cost-effective flow and storage of goods and materials from the point of origin to the point of consumption for the purpose of alleviating the suffering of vulnerable people.

humanitarian logistics

What other considerations would be crucial to the final decision about making and marketing the new​ product?

also consider how this product fits within her existing product line from the perspective of required technologies and distribution channels. Other​ marketing, operations, and financial criteria must also be considered.

Vendor managed inventories are

an extreme case of forward inventory placement

One of the LEAST effective supplier strategies for lean systems is

a​ short-term, competitive relationship between the company and the supplier.

The first stage of the life cycle of disaster relief supply chains is

brief needs assessment.

The total amount of greenhouse gasses produced to support their operations is called a​ company's

carbon footprint.

A process called​ _________________ is where members of the distribution channel act as if they were assembly stations in the factory.

channel assembly

The optimal order​ quantity, Q, for the newsboy problem is found by

choosing the order quantity Q with the highest expected payoff.

A disadvantage of centralized placement is

increased cost of shipping small quantities directly to distant customers.

The ELS approach will NOT work if

consumption exceeds production.

Firms that design and build products entirely to the​ customer's specifications tend to use which of the following supply chain​ designs?

design-to-order (DTO)

Companies that engineer products to customer specifications normally do not have​ _______________ as part of their supply chains.

distribution centers

Which of the following is one of the three elements of supply chain​ sustainability?

financial responsibility

Efficient supply chains are used by firms that

have a competitive priority of consistent quality.