Chapter 10 Final Exam

What is a makerspace? A. Systems are used to create the digital designs and then manufacture the products. B. A cultural trend that places value on an individual's ability to be a creator of things as well as a consumer of things. C. A community center that provides technology, manufacturing equipment, and educational opportunities to the public that would otherwise be inaccessible or unaffordable. D. Serialization of or the ability to track individual items by using the unique serial number associated with each RFID tag.

C: A community center that provides technology, manufacturing equipment, and educational opportunities to the public that would otherwise be inaccessible or unaffordable.

Which of the below metrics represents the agreed upon time between the purchase of a product and the delivery of the product? A. Back order B. Inventory cycle time C. Customer order cycle time D. Inventory turnover

C: Customer order cycle time

What is customer order cycle time? A. An unfilled customer order for a product that is out of stock. B. The time it takes to manufacture a product and deliver it to the retailer. C. The agreed upon time between the purchase of a product and the delivery of the product. D. The frequency of inventory replacement.

C: The agreed upon time between the purchase of a product and the delivery of the product.

What are drones? A. A process that builds—layer by layer in an additive process—a three-dimensional solid object from a digital model. B. Uses electronic tags and labels to identify objects wirelessly over short distances. C. Unmanned aircraft that can fly autonomously, or without a human. D. Focus on creating artificial intelligence devices that can move and react to sensory input.

C: Unmanned aircraft that can fly autonomously, or without a human.

Which of the following is one of the business areas of supply chain management? A. Logistics B. Procurement C. Materials management D. All of these

D: All of these

What are robotics? A. A process that builds—layer by layer in an additive process—a three-dimensional solid object from a digital model. B. Uses electronic tags and labels to identify objects wirelessly over short distances. C. Unmanned aircraft that can fly autonomously, or without a human. D. Artificial intelligence devices that can move and react to sensory input.

D: Artificial intelligence devices that can move and react to sensory input.

The __________ effect occurs when distorted product demand information passes from one entity to the next throughout the supply chain. A. negative demand B. distortion C. chaos D. bullwhip

D: Bullwhip

Which of the following is not a principle of supply chain management? A. Customize the logistics network and focus intensively on the service requirements. B. Listen to signals of market demand and plan accordingly. C. Segment customers by service needs and then tailor services to those particular segments. D. Listen to signals from telecommunications equipment.

D: Listen to signals from telecommunications equipment.

What is an RFID's electronic product code? A. System used to create the digital designs and then manufacture the products. B. A cultural trend that places value on an individual's ability to be a creator of things as well as a consumer of things. C. A community center that provides technology, manufacturing equipment, and educational opportunities to the public that would otherwise be inaccessible or unaffordable. D. Promotion of serialization or the ability to track individual items by using the unique serial number associated with each RFID tag.

D: Promotion of serialization or the ability to track individual items by using the unique serial number associated with each RFID tag.

What uses electronic tags and labels to identify objects wirelessly over short distances? A. 3D Printing B. Robotics C. Drones D. RFID

D: RFID

Which of the following automates the different steps and stages of the supply chain? A. Bullwhip effect B. Demand planning software C. Supply chain planning software D. Supply chain execution software

D: Supply chain execution software

Customer order cycle time is the time it takes to manufacture a product and deliver it to the retailer. T or F?

False

In the basic supply chain, return refers to prepare to manage all resources required to meet demands. T or F?

False

Inventory cycle time is the frequency of inventory replacement. T or F?

False

Plan, source, give, get, and return are the five basic supply chain management components. T or F?

False

Consumer behavior, competition, visibility, and speed are the four changes resulting from advances in technology that are driving supply chains. T or F?

True

Deploy in incremental phases and measure and communicate success is one of the keys to success for SCM. T or F?

True

Effective and efficient supply chain management systems can enable an organization to decrease the power of its buyers. T or F?

True

In the basic supply chain, deliver refers to planning for transportation of goods to customers. T or F?

True

In the basic supply chain, return refers to supporting customers and product returns. T or F?

True

In the basic supply chain, source refers to building relationships with suppliers to procure raw materials. T or F?

True

Inventory cycle time is the time it takes to manufacture a product and deliver it to the retailer. T or F?

True

Inventory turnover is the frequency of inventory replacement. T or F?

True

Plan, source, make, deliver, and return are the five basic supply chain management components. T or F?

True

Products are distributed to customers and their downstream customers at all levels. T or F?

True

What is a process that builds—layer by layer in an additive process—a three-dimensional solid object from a digital model? A. 3D Printing B. Robotics C. Drones D. RFID

A: 3D Printing

What is a back order? A. An unfilled customer order for a product that is out of stock. B. The time it takes to manufacture a product and deliver it to the retailer. C. The agreed upon time between the purchase of a product and the delivery of the product. D. The frequency of inventory replacement.

A: An unfilled customer order for a product that is out of stock.

Which of the following metrics represents an unfilled customer order for a product that is out of stock? A. Back order B. Inventory cycle time C. Customer order cycle time D. Inventory turnover

A: Back order

What is it called when distorted product-demand information ripples from one partner to the next throughout the supply chain? A. Bullwhip effect B. Demand planning systems C. Supply chain planning systems D. Supply chain execution systems

A: Bullwhip effect

What are systems are used to create the digital designs and then manufacture the products? A. Computer-aided design/computer-aided manufacturing B. Maker movement C. Makerspace D. RFID electronic product code

A: Computer-aided design/computer-aided manufacturing

What is the maker movement? A. Systems used to create the digital designs and then manufacture the products. B. A cultural trend that places value on an individual's ability to be a creator of things as well as a consumer of things. C. A community center that provides technology, manufacturing equipment, and educational opportunities to the public that would otherwise be inaccessible or unaffordable. D. Serialization of or the ability to track individual items by using the unique serial number associated with each RFID tag.

B: A cultural trend that places value on an individual's ability to be a creator of things as well as a consumer of things.

What is RFID? A. A process that builds—layer by layer in an additive process—a three-dimensional solid object from a digital model. B. Uses electronic tags and labels to identify objects wirelessly over short distances. C. Unmanned aircraft that can fly autonomously, or without a human. D. Focus on creating artificial intelligence devices that can move and react to sensory input.

B: Uses electronic tags and labels to identify objects wirelessly over short distances.