Supply Chain Management

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

Operations and supply chain management includes which of the following activities?

-Improvement of systems that create the firm's primary products -Design of delivery systems -Operation of systems that create the firm's primary products

Last year, Ace Electronics had credit sales of $1,500,000. The average accounts receivable balance last year was $250,000. What was the receivables turnover ratio for Ace Electronics last year?

6

Which of the following is an example of a service business?

A call center

The analysis of data to provide better solutions to business problems is known as

Business Analytics.

Which of the following is NOT a major challenge likely to be faced by operations and supply chain managers in the future?

Developing appealing advertising and marketing materials for Internet customers.

Which of the following is NOT an efficiency measure used by Wall Street?

Employee turnover.

Just-in-time (JIT) production was pioneered by which country?

Japan

Which of the following processes involves the selection of suppliers?

Sourcing

Which of the following is true of services? (Check all that apply)

They are perishable. They are intangible.

Electronic commerce is defined as the use of the Internet as an essential element of business activity.

True

True or false: Operations and supply chain management is focused on the systems that create and deliver an organization's products and services.

True

The ratio of revenue to total assets is known as

asset turnover.

Doing the things that will create the most value for the customer is known as

effectiveness.

Doing something at the lowest possible cost is known as

efficiency.

Inventory turnover is a way to evaluate

supply chain efficiency.

The ability to meet current resource needs without compromising the ability of future generations to meet their needs is known as

sustainability.

Operations and supply chain processes are the activities that

transform inputs into outputs.

Last year, Ace Electronics had Revenue of $3,000,000. The Total Assets held by Ace Electronics last year was $1,000,000. What was the asset turnover for Ace Electronics last year?

3

Which of the following is (are) a common measure of efficiency used by Wall Street?

Days inventory. Asset turnover. Receivables turnover.

Which of the following tasks is an operations and supply chain manager likely to perform? (Select all that apply)

Ensures the shipping of finished products to customers Negotiates contract with vendors and coordinates flow of materials

Which of the following is NOT a type of process in the supply chain?

Evaluating

Mass customization refers to the ability to produce generic products that appeal to a broad range of customers.

False

Which of the following is an example of benchmarking?

Hiring a consultant to study customer satisfaction metrics with those of key competitors.

Business analytics has become more widely used because? (Select all that apply)

Mathematical tools have been developed to support the decision-making process. More data is captured now than in the past.

Business analytics is defined as the analysis of data to better solve business problems.

TRUE

Product-service bundling occurs when a firm adds a service activity to a product.

TRUE

The introduction of electronic commerce was facilitated by what event?

The growth of the Internet in the 1990s.

A process is made up of one or more activities that transform inputs into outputs.

True

An operations and supply chain manager helps firms determine the best way to deliver its goods and services.

True

Most product offerings are a combination of goods and services.

True

Which of the following is an example of a goods producing business?

Which of the following is an example of a goods producing business?

Receivables turnover is

a measure of the number of times receivables are collected, on average, during the fiscal year.

Inventory turnover is the ratio of the cost of goods sold to

average aggregate inventory value.

A process in which one company studies the processes of another company for best practices is known as

benchmarking.

A process that cannot be weighed or measured is known as

intangible.

The ability to produce a unique product exactly to a particular customer's requirements is known as

mass customization.

Building service activities into a firm's product offering is known as

product-service bundling.


संबंधित स्टडी सेट्स

this is phil hales end chap 3 beg chap 4

View Set

"Napa Know how" Mental Health Exam 1

View Set

EMT - Ch. 4: Communications and Documentation

View Set