Sca 360 quiz 2, 4, 6, 7, 1

Which one of the countries below is nor part of NAFTA?

Argentina

What is often the largest component of logistics costs?

. Transportation costs

1/1 point Carrie, the logistics manager of an appliance nanufacturer, bas been tasked with designing the warebouse at the company's new facility. At the moment, she is working out where trocks will deliver raw supplies and pick up finished products for shipment, which is an important element of

. • materials handling

Identify the proper sequence of the three "flows" in the supply chain 1. Product 2. Cash 3. Information

1.3.2

Henderson Air manufactures heating and air conditioning units. Once a day Henderson's computerized inventory system monitors the number of bults needed to maintain production If the amount of any type of fastener in inventory dips below preset standards the computer automatically sends an order for more fasteners to acme fastener Tool This is an example of

Information flowing backward from the customer to the supplier

the supply chain concept

Is developed from the previous physical distribution concept

Kelly's firm processes and packages organic nuts new opportunity is wonderful for Kelly's firm, but the and nut butters. Last vear, the firm started selling its products to Costco, the discount retailer, in addition to traditional retail chains. This Costco-bound products require different packaging, and the volume and frequency of the Costco orders have placed a strain on the firm's resources. Kelly may need to re-evaluate the firm's supply chain network design due to which significant trend?

Changes in customer service requirements

Logistics in its simplest form

Combines inbound logistics with the outbound logistics of physical distribution

Complexity in the supply chain is caused by

Locations of customers and suppliers transportation requirementsthe number of SKUs

What is the supply chain management approach for addressing COVID-19 challenges? 3 steps

Lockozation , agility , digitilization

In anticipation of strong sales, Apple manufactures ass quantities of its popular iPhone and ships them to Apple stores around the world. Which assembly process is Apple using in this situation?

MTS

Which of the following is an important issue for economic development and vitality of the economy?

Migration

outsourcing involves

Obtaining materials parts products and services from other companies

A type of e-commerce site where product or service information is provided by multiple third-party such as Amazon or Expedia is called

Online market place

Which of the following is true regarding optamization model?

Optimization models are based on precise mathematical proceduces that are guaranieed to find the "best solurion for the peobleti wnder evataation

Which of the following is true regarding optimization models?

Optimization models are based on precise mathematical procedures that are guaranteed to find the "best" solution for the problem under evaluation.

This type of fulfilment model has the manufacturer delivering its products directly to the retailers' stores.

Outsourced store fulfillment flow through none of these

1/1 Logisties creates which utility through the movement of goods from production points to markets where there is a demand for the finished product?

Place utility

Marketers have began to recognize the strategic value of place in the marketing mix. as well as the benefits resulting from high-quality logistical services As a result, which has been recognized as the interface activity between marketing and logistics?

Customer service

In the Item Procurement Importance Quadrant, what describes high risk, value?

Distinetives

Which of the following is not an advantage of e-procurement? X• Lower operating More efficient procurement processes Greater access to more suppliers Easier access to secure information

Easier access to secure information

d21sprveagin6292s&ai-12235968isinPopup-0scial-08fromQB-0&fromsubmissions Kelly's firm processes and packages organic muts Costco-bound nut butters demand a change in the supply chain larger shipping cartons. Kelly is currently testing the vatious step in the supply chain network redesign process is Kelly performing? and nut butters, and it has just landed a ew contract with Costco, the discount retailer. As wonderful as this new opportunity is, the petwork These products require larger containers (24 or containers instead of the containers available from a range of suppliers to determine which are most compatible with the firm's production line. Which usual 16 oz. jarsk wiich in turn require

Examining the supply chain nerwork alsernatives

"Distinctives" are low-risk, high-value items that are fundamental to the company's finished product.

False

A manufacturing plant in which equipment components, such as material handling systems, tooling, pumps, and valves, are linked to electronically communicate with each other in order to consistently achieve peak performance is known as an "integrated" factory.

False

Companies now use strategies that are lean, flexible, or adaptive, they wait for customers to push products to the market.

False

Data management and analytics for tracking part numbers and supplier information are essential for companies of all sizes

False

In terns of volume of exports, tbe United States is the world's leader in global trade flow. True v• False

False

Logistics facilities and their locations are relatively variable and easily modified in the short term.

False

Routing flexibility is a term used in connection with how spare parts move through the supply chain. True False

False

Staples frequently sells its office supplies direct to other businesses (B2B) through its online ordering and delivery services, and it typically sells office supplies direct to consumers (B2C) through its stores. This is what's known as "multi-channel" capabilities True False

False

The Trade Act of 2002 requires exporters electronically submit shipping documents to U.S. Customs 24 bours before delivery to a port or 24 bours before vessel departure, True v• False

False

The central theme behind the theory of comparative advantage is that if one country has an advantage (lower cost) in the production of two products, they should focus on the production of both so that they gain the greatest advantage in trade when compared to other countries that may have a lesser advantage.

False

What supplier selection criteria are described by productioa capability, labor relations, and operating controls?

Capability

The most important factor in supplier selection is usually financial health.

False

The quality of life locational determinant is most important to companies that must attract and retain an unskilled, static work force. True False

False

The utility created through the basic marketing activities is known as place utility. True False 18

False

While organizations should seek to build strong relationships with suppliers, they should never ask or expect suppliers to provide inpat into processes such as product design, engineering assistance, or quality control.

False

Which of the following flows only one way as illustrated in the Integrated Supply Chain-Basics figure?

Financials Products and services Information None of these answers

In the Item Procurement Importance Quadrant, what item is described as low risk. low value?

Generics

Which of the following is not one of the essential factors for economic growth and increased development of global trade flows?

Geo-political standing

Which of the following are the external forces driving the rate of change and shaping our economic and political landscape. 3 answers

Government policy Technology Globalization

A national drug store chain arranging to have Valentine greeting cards and candies in its stores by mid-Jauary is an example of which utility'?

Time utility

The concept that represents the sum of all costs associated with making and delivering products to the point whbere they are needed is called:

Total landed cost

An organization's omni-channel strategy must align with its "go to market" strategy, which dictates how consumers will be able to gain access to the fimi's products or services. True False

True

Capacity requirements planning (CRP) is used to check the feasibility of the materials requirement plan. v• True False

True

Machine flexibility provides the ability to produce different types of products as well as change the order of operations executed on a product.

True

Many countries hope to improve trade by engaging in Regional Trade Agreements (RTAS), the best-known example of an RTA is the European Union (EU) v• True False

True

Operating globally has become easier to accomplish for even individuals and small companies, because of the advances in information/communications technology vO True False

True

Resource requirements planning (RRP) is a long-run, macro-level planning tool.

True

Savvy operations managers should use no more than five or six metrics per team or function to ensure they are measuring outcomes etfectively.

True

The efficiency and effectiveness of a logistics/supply chain operation are constrained by the location of plants and warehouses in its overall network.

True

The network of activities, facilities, and personnel required to organize, schedule, and deploy the resources to stage the Olympies is an example of event logistics. True False 21

True

The time that elapses from when a customer places an order until the customer receives the order is referred to as order lead time. V• True False

True

Heuristic models:

are able to accommodate broad problem definitions.

Henderson Air used to source all of their supplies from three suppliers. However, to remain competitive in recent years, Henderson has started to source supplies from more suppliers in order to obtain the best prices. Some of these suppliers are overseas. As a result, the firm's inventory levels:

bave increased

As a firm spends more on transportation service, cost of lost sales:

decrease,

Ten years ago, Southwest Auto Parts would ship a standard number of various parts to all of its 147 locations once a month Today southwests more sophisticated system monitors the stock at each location and adjusts the number of each part accordingly in the monthly shipment to each store in order to prevent under or overstocking the stores on any given part Within an integrated supply chain, this is an example of change in

demand flow

A analysis examines a logistics system over a long time period or range of output.

dynamic

Processes that can produce a range of products are said to have:

e economies of scope

Beginning in the late 1970s and into the 1980s, the US transportation industry was deregulated The net result was a less competitive environment t/f

false

Best in class companies developed a more flexible production schedule that allows for making inventory adjustments 48 to 72 bours. T/f

false

Globalization has had little effect on consumers t/f

false

Supply and demand has become less volatile as managers have become more adept at controlling the elements t/f

false

The value that is added to goods through a manufacturing or assembly process is:

form utility.

In the Evaluate Supply Sources step, the firm:

identifies all nossihle sunnliers that mioht.he able to satisfv the user's needs

As suggested, the aging populations in more developed countries will result in health care costs and/but in the size of the working population or labor pool. vo

increased; a reduction

Question As the weight density of a product decreasesItransportation cost per pound:

increases.

Bonanza is a website that enables sellers to hold auctions for their items or products. Bonanza is an example of a(n)

online trading community.

The utility that is created by delivering the proper quantities of an item to where it is demanded is referred to as utility

quantity

A push-based strategy works well for supplylchains that focus on

the immediate delivery of off-tbe-shelf, low-cost, standardized goods.

One of the effects of COVID - 19 pandemic has been the change in consumer behavior t/f

true

Sustainability reporting is a growing practice either mandatory or voluntarily due to the demand for transparency in the supply chains True or false

true

The first decade of the twenty first century was a period of rapid change for organizations especially businesses t/f

true

t is predicted that social networks such a as Facebook and Twitter will influence supply chains become of their impact on the customer demand and the speed of information transfer

true

Lactory floor is called: A newly launched twenty-first century addition to production strategy which leverages lean manufacturing strategies, Six Sigma best practices, and real-time actionable intelligence from the

v. adaptive manufacturing

ve Taking a detailed order from a customer Deciding where to produce the order based on capabilities, capacity, and price Publishing instructions on the best way to manufacture the product Using KPIS and dashboards to track production performance

ve Taking a detailed order from a customer

Given the importance of global trade to the United States, a delicate balance exists between security and the efficient flow of global commerce. ve • True False

ve • True

Zahira, the CEO of a regional chain of bread baketies, wants to ensure bealthy relationships with all of her firm's suppliers, which is why she routinely invites account executives and other members of her suppliers' teams to visit the bakeries, sample the products, and understand as muchi as they can about her business. This is Zahira's way of

vo developing close relationships.

Which mjor locational determinant comiders locating near the competition?

v• Company preference

What supplier selection criteria are described by attitude, cultural compatibility, training aids, packaging, and repair service?

v• Desirable qualities

1/1 To help guide the strategic sourcing process, five core principles are recognized as key drivers to achieve the desired levels of value. Which of the following is nor one of those core principles?

v• Drive contimous savings

According to the Factor Endowment Theory, a country that lacks one or more of the four major production factors-land, labor, capital, and entrepreneurshipwill not be able to successfully participate in global trade. True v• False

v• False

Advancements in technology and the growth of transportation services have prevented many smaller, less developed countries from participating in global supply chains True v• False

v• False

An advantage of e-sourcing and e-procurement is that there is little risk involved

v• False

As a firm spends more on transportation service, cost of lost sales increases. True v• False

v• False

Materials requirement plan (MRP) is most eflective at managing independent demand items

v• False

Some firms are moving towards increasing their number of suppliers in order to encourage competition and lower procurement costs True v• False

v• False

What are fixed spatial points whiere goods stop for storage or processing? v•

v• Nodes

Monitoring the amounts of raw materials stored in inventory and available for production is a specific example of which core function of an MES?

v• Resource management

Which approach represents a strategy in which the entire organization is focused on the examination of process variability and continuous improvement?

v• Total Quality Management

From a custonier service perspective, one of the four important characteristics for global market and strategy is that technology companies counteract short product lifecycle with contioual upgrades and new products.

v• True

Manufacturing and production operations create form utility.

v• True

Offshoring is a term that means relocating an activity to a contract manufacturer in another country. True False

v• True

Procurement serves as a critical link between members of the supply chain.

v• True

Reduced order cycle time has become an important part of supply chain management since it can lead to lower inventory levels for customers, improved cash flow, lower current assets, and accounts receivable. v• True False

v• True

The "bullwhip" effect occurs when forecast errors are magnified and demand variability increases as orders move upstream from retailers to distributors to producers

v• True

The first step in the Managing Strategic Sourcing Process is to develop a strategic plan, which includes forming a planning committee with key stakebolders

v• True

Capacity is:

v• the maximum amount of work that an organization is capable of completing in a given period of time.

A workcenter is a fixed layout where the product remains in place for the dutation of production

y• False

Labor-intensive industries place significant emphasis on the availability and cost of labor. • True False

• True

Risk mitigation strategies from buyers perspective

Agile production Enhanced inbound materials visibilityFocus on tier 1 supplier risk

Simulation models:

Allow the decision maker to test the effects of alternative locations.

critical outcome of the supply chain is to deliver

The right product to the right place

In assemble-to-order (ATO) production:

V the finished product is generally a combination of common components and a limited nuember of options or accessories made available to the customer

attempt.d21?isprv&gi- The top ten countries account for almost of the total world population.

V. 60%

Strategic sourcing as a process is far more broad and comprehensive than procurement. Overall, the process starts with the:

Vo development of a planning committee.

Which major locational determinant considers locating near the competition?

V• Company preference

Three months ago, the new operations manager at Acme higher capacity. even though the previous levels were sufficient to meet Fastener and Tool's manufacturing plant all of the company's orders. How decided to increase the plant's production would you characterize this imanager's mistake volume so that machines were operating at a

V• Encouraging an incorrect outcome

The first step in the supply chain network design process is to perform a supply chain audit. True False

V• False

Adam Smith in his renowned treatise, The Wealth of Nation, provided not only a rationale for a market economy based upon competition, but also advanced a rationale for trade anmong nations called the: V•

V• Theory of Absolute Advantage

In the short run, the firm's network is while in the long nun it is

V• fixed; variable

The includes activities such as order transmission, order receipt, order processing, order preparation (picking and packing), and order shipment.

V• order cycle

The optimization model is based on

V• precise mathematical procedures.

Which of the answers below is an example of the creation of form utility by a logistics activity?

When bulk products are broken and re-packaged at a distribution center

that Tlưce the montis ago, the new capacity operations was plant's weekly averaging manager at about Acme 83%, Fastener which he and would Tool's like to manufacturing raise to for the total volume of outpat closer plant to 90. implemented What a type system of metric is measuring dhis manager concemed with at the moment? cach week. He discovered

Y• Efficiency manufacnuring

A project layout is:

a fixed location layout where the product remains in place for the duration of production