OM 300 Chapter 11-B
capacity, speed, and flexibility
A response strategy requires suppliers be selected based primarily on...
purchasing contracts that address price fluctuations
Mitigation tactic that could reduce economic risk:
"make-or-buy" and outsourcing decisions
Prior to embarking on supply chain design, operations managers must first consider...
offer lower prices in the short term
The advantage of having many potential suppliers is their willingness to...
B. Channel assembly sends individual components, modules, and finished products, to the distributor.
Which of the following statements is NOT true regarding channel assembly? A. Channel assembly treats distributors more as manufacturing partners than as distributors. B. Channel assembly sends individual components, modules, and finished products, to the distributor. C. Channel assembly postpones final assembly of a product so the distribution channel can assemble it. D. Channel assembly represents one way to implement postponement.
cost of goods sold
The cost to produce the goods or services sold for a given period is referred to as...
postponement
The do-it-yourselfer plucked a gallon can of base paint from the shelf of the local hardware store and handed it to Keith, the cheerful clerk at the paint counter. Their eyes met briefly and the do-it-yourselfer silently handed over sample 150C-1, Musical Mist, to the clerk. It was impractical to keep several gallons of every possible color on the shelves at the hardware store, so the paint manufacturer had created clever workaround. The workaround was a computer-based system that added predetermined quantities of pigments to a gallon can of base paint depending on the desired shade, in this case, Musical Mist. The hardware store now needed to stock only the base paint, this machine, and a small supply of paint pigments in order to create the thousands of colors in its catalog. This scenario is a prime example of...
B. decreased total logistics cost
Which of the following statements is NOT generally an implication stemming from an increase in the number of facilities? A. increased customer satisfaction B. decreased total logistics cost C. increased facility costs D. quicker response
A. gather and communicate market research data
Which of the following statements is NOT one of the response strategy decisions? A. gather and communicate market research data B. fast transportation C. use buffer stocks to ensure speedy supply D. low setup time
A. A closed-loop supply chain is a designed to optimize only reverse flows.
Which of the following statements is NOT true? A. A closed-loop supply chain is a designed to optimize only reverse flows. B. Reverse logistics involves the processes of sending returned products back up the supply chain for resale, repair, reuse, remanufacture, recycling, or disposal. C. A closed-loop supply chain prepares for returns prior to product introduction. D. "Closed-loop supply chain" is sometimes used as a synonym for "reverse logistics."
D. keiretsu networks
Which of the following strategies is part collaboration, part purchasing from few suppliers, and part vertical integration? A. joint ventures B. horizontal integration C. virtual companies D. keiretsu networks
A. Prices are based upon supplier costs.
With regard to the cost-based price model negotiation strategy, which of the following is true? A. Prices are based upon supplier costs. B. Prices float based on what the customer is willing to pay. C. Potential suppliers each submit quotations as to price, delivery, and so on. D. Prices are based in some way upon market standards agreed to by both supplier and purchaser.
airfreight
a fast-growing mode of shipping
