CHAPTER 11- HW/QUIZ

A supply chain ends with A. a satisfied customer. B. manufacturers. C. suppliers. D. distributors.

A. a satisfied customer.

Local optimization is a​ supply-chain complication best described​ as: A. optimizing​ one's local area without full knowledge of supply chain needs. B. the opposite of the bullwhip effect. C. obtaining very high production efficiency in a decentralized supply chain. D. the result of supply chains built on suppliers with compatible corporate cultures. E. the prerequisite of global optimization.

A. optimizing​ one's local area without full knowledge of supply chain needs.

What organizational function has the opportunity to most affect net​ income? A. purchasing B. human resources C. marketing D. accounting

A. purchasing

A disadvantage of the​ "few suppliers" sourcing strategy​ is: A. the high cost of changing partners. B. the lack of cost savings for customers and suppliers. C. the suppliers are less likely to understand the broad objectives of the procuring firm and the end customer. D. the risk of not being ready for technological change. E. possible violations of the Sherman Antitrust Act.

A. the high cost of changing partners.

How many days of​ raw-material inventory does Regal Marine​ maintain? A. 75 days B. 22 days C. 10 days D. 1 day

B. 22 days

The advantage of having many potential suppliers is their willingness to A. participate in JIT. B. offer lower prices in the short term. C. provide innovations. D. provide technical expertise.

B. offer lower prices in the short term.

What is transferring a​ firm's activities that have traditionally been internal to external​ suppliers? A. vertical integration B. outsourcing C. ​make-or-buy D. keiretsu network

B. outsourcing

What is the practice of keeping a product generic as long as possible before​ customizing? A. backward integration B. postponement C. forward integration D. vendor-managed inventory E. keiretsu

B. postponement

What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a​ distributor? A. horizontal integration B. vertical integration C. virtual companies D. outsourcing

B. vertical integration

Regal​ Marine's supply chain strategy might best be described as A. effective direct negotiating with many suppliers to obtain the best price. B. a series of joint ventures with major suppliers. C. an effort at​ long-term partnering relationships with suppliers. D. a version of vertical integration.

C. an effort at​ long-term partnering relationships with suppliers.

A response strategy requires suppliers be selected based primarily on A. cost. B. product development skills. C. capacity, speed, and flexibility. D. being willing to share information.

C. capacity, speed, and flexibility.

Which of the following describes using one supplier for a component and a second supplier for another​ component, where each supplier acts as a backup for the​ other? A. parallel-sourcing B. dual-sourcing C. cross-sourcing D. ​backup-sourcing E. outsourcing

C. cross-sourcing

Japanese manufacturers often pursue a strategy that is part​ collaboration, part purchasing from a few​ suppliers, and part vertical integration. What is this approach​ called? A. kaizen B. kanban C. keiretsu D. samurai E. poka-yoke

C. keiretsu

Which of the following strategies is part​ collaboration, part purchasing from few​ suppliers, and part vertical​ integration? A. virtual companies B. joint ventures C. keiretsu networks D. horizontal integration

C. keiretsu networks

Prior to embarking on supply chain​ design, operations managers must first consider A. what kind of distribution network to have. B. how to manage supply chain inventory. C. how to select suppliers. D. "make-or-buy" and outsourcing decisions.

D. "make-or-buy" and outsourcing decisions.

A fried chicken​ fast-food chain that acquired feed mills and poultry farms has performed which of the​ following? A. horizontal integration B. job expansion C. forward integration D. backward integration E. current transformation

D. backward integration

Which of the following describes using one supplier for a component and a second supplier for another​ component, where each supplier acts as a backup for the​ other? A. backup-sourcing B. outsourcing C. parallel-sourcing D. cross-sourcing E. dual-sourcing

D. cross-sourcing

Which of the following strategies is part​ collaboration, part purchasing from few​ suppliers, and part vertical​ integration? A. joint ventures B. virtual companies C. horizontal integration D. keiretsu networks

D. keiretsu networks

What is transferring a​ firm's activities that have traditionally been internal to external​ suppliers? A. vertical integration B. keiretsu network C. ​make-or-buy D. outsourcing

D. outsourcing

Which of the following devices represents an opportunity for technology to improve security of container​ shipments? A. devices that identify truck and container location B. devices that sense motion C. devices that can communicate the breaking of a container lock or seal D. devices that measure radiation or temperature E. All of the above.

E. All of the above.

Which of the following best describes backward​ integration? A. develop the ability to produce products that complement the original product B. sell products to a supplier or a distributor C. build​ long-term partnerships with a few suppliers D. develop the ability to produce the specified good more efficiently than before E. produce goods or services previously purchased

E. produce goods or services previously purchased