MGSC final
The pull method is illustrated by
made-to-order computer systems.
The firm that allows customers to select from a variety of standard options to create the service or product of their choice is practicing
mass customization
The primary lever to reduce anticipation inventory is to
match demand rate with production rate.
Which of the following is NOT one of the three basic ways inventories are reported?
material cost of goods sold
Which of the following is one of the three major humanitarian supply chain operations relating to disaster relief?
recovery
The ethical standard that states that wages paid for a standard work week must meet the legal and industry standards and be sufficient to meet the basic need of workers and their families is called
remuneration
The difference between people-processing service and possession-processing services is that
services are provided to the customer who must be present in people-processing; services are provided for the customer who does not need to be present in possession-processing services.
Backward integration is achieved through
the purchase of a controlling interest in the firm's supplier.
If customer arrivals are generated according to a Poisson distribution,
then the interarrival times of the customers are exponentially distributed.
For the manufacturing firm, tier 2 suppliers provide ______________ with components.
tier 1 suppliers
Firms need one-time inventory decisions in all of the following cases EXCEPT A. when holding costs are low and there is no seasonal demand. B. when the items are fashion goods. C. when the lead time is longer than the selling season. D. when a manufacturer makes customized items to a single order and scrap quantities are high.
when holding costs are low and there is no seasonal demand.
An individual item or product that has an identifying code and is held in inventory somewhere along the supply chain is called a
stock-keeping unit.
_________ is a rule that allows a customer of higher priority to interrupt the service of another customer.
A preemptive discipline
A mass customization strategy has three important competitive advantages. Which of the following is NOT one of them? A. eliminate raw material inventories B. eliminating finished goods inventory C. increasing perceived value of services or products D. managing customer relationships
A. eliminate raw material inventories
A perpetual inventory system requires that
inventory records are always current.
In terms of the environmental responsibility of supply chain management, which of the following statements is true? A. The design and integration of supply chains can play a major role in preserving resources. B. The goal is to leave as small an environmental footprint as possible so that future generations can make use of abundant natural resources. C. Environmental responsibility addresses the ecological needs of the planet and the firm's stewardship of the natural resources used in the production of services and products. D. All of the above statements are true.
All of the above statements are true.
Forward integration can mean which of the following? A. the firm acquires more channels of distribution B. the firm acquires its own distribution centers and retail stores C. the firm acquires its business customers D. All of the above.
All of the above.
Which of the following is a principal reason that explains why economies of scale can drive costs down when output increases? A. process advantages are found B. construction costs are reduced C. costs of purchased materials are cut D. All of the above.
All of the above.
Which of the following is one of the standards covering the nine dimensions of ethical workforce management? A. require no more than 48 working hours per week B. use no corporal punishment, mental or physical coercion, or verbal abuse C. respect the right to form and join trade unions and bargain collectively D. All of the above.
All of the above.
_________ involves mixing the modes of transportation for a given shipment, such as moving shipping containers or truck trailers on rail cars.
Intermodal shipments
In disaster relief supply chains, strategic hubs are used for what purpose? A. They are companies that contribute funds to pay for relief supplies. B. They are used for human-related disasters because they can be moved on a moment's notice. C. They are located as close to the source of supply as possible to minimize the distance traveled. D. They stockpile vital supplies.
D. They stockpile vital supplies.
The unpredictability and severity of disasters pose unique challenges to supply chain managers. Which of the following statements related to design implications is false?: A. At the on-set of a disaster, the supply chain could require a new design from scratch. B. Risk-taking is encouraged because the priority is quick access. C. Many disaster relief supply chains exist for only short times. D. All of the above statements are true
D. All of the above statements are true
Which of the following outcomes is not a direct result of a market analysis?
Development of core competencies
Organizations have traditionally divided the responsibility for managing the flow of materials and services among which three departments?
Purchasing, production, distribution
Which statement about the single-period model is best?
The lower the loss at the end of the season, the more units will be purchased at the beginning of the season.
Chang and Chang observe that the competition is increasing the size of its warehouses. They have decided to do the same. They are following _______ strategy.
a follow the leader
Firms can engage in __________, which is the process of planning, implementing, and controlling the efficient, cost-effective flow and storage of goods and materials from the point of origin to the point of consumption for the purpose of alleviating the suffering of vulnerable people.
humanitarian logistics
What other considerations would be crucial to the final decision about making and marketing the new product?
also consider how this product fits within her existing product line from the perspective of required technologies and distribution channels. Other marketing, operations, and financial criteria must also be considered.
Vendor managed inventories are
an extreme case of forward inventory placement
One of the LEAST effective supplier strategies for lean systems is
a short-term, competitive relationship between the company and the supplier.
The first stage of the life cycle of disaster relief supply chains is
brief needs assessment.
The total amount of greenhouse gasses produced to support their operations is called a company's
carbon footprint.
A process called _________________ is where members of the distribution channel act as if they were assembly stations in the factory.
channel assembly
The optimal order quantity, Q, for the newsboy problem is found by
choosing the order quantity Q with the highest expected payoff.
A disadvantage of centralized placement is
increased cost of shipping small quantities directly to distant customers.
The ELS approach will NOT work if
consumption exceeds production.
Firms that design and build products entirely to the customer's specifications tend to use which of the following supply chain designs?
design-to-order (DTO)
Companies that engineer products to customer specifications normally do not have _______________ as part of their supply chains.
distribution centers
Which of the following is one of the three elements of supply chain sustainability?
financial responsibility
Efficient supply chains are used by firms that
have a competitive priority of consistent quality.