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BUAD 331 Exam 3 – 76 Q’s and A’s 2024
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BUAD 331 Exam 3 – 76 Q’s and A’s 2024
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BUAD 331 Exam 3 – 76 Q’s and A’s2024
Define order cycle time. - -The total elapsed time from when the customer
first recognizes need to when that need is ultimately fulfilled
-The difference between the customer's desired order cycle time and the
total supply chain order cycle time is known as: - -lead time gap
-The economic order quantity (EOQ) model aims to: - -calculate the optimal
amount of inventory to be reordered by balancing ordering costs with
carrying costs.
-If average daily demand for a product is 5 units and average lead time for
an order to arrive is 7 days, what is the reorder point (ROP) for the product? -
-35 units
-Ted and his friend Matt start a new company called Crabman Auto Parts.
They have heard about agile order fulfillment and are interested in
implementing it to decrease costs. Which of the following best describes the
strategy Crabman Auto Parts should follow to take advantage of agile order
fulfillment? - -Synchronize information exchange across the supply chain
and form strategic relationships with key customers and suppliers.
-The move to lean and then responsive value creation requires a paradigm
shift from a _______ mentality to a customer ________ mentality. - -product-
focused push, demand-focused pull
-In high-end restaurants, steaks are generally cooked after the wait staff
place the order to the kitchen with customers' preference. Which of the
following techniques best describes the fulfillment of steak orders to the final
customer? - -Responsive
-What negative outcomes can result from large lot-sized, long lead-time
operations? - -All of the above
-Procurement, conversion, and logistics are activities that must be done to
fulfill a company's exchange commitments. - -True
-Which of the following factors typically contribute to increased delays and
variability of lead times in the global supply chain? - -Complexity required
for movement of goods between countries
, -Noodles & Company uses Coca-Cola Freestyle beverage machines that
allow people to select from more than 100 regular and low-calorie brands.
What kind of order fulfillment technique is Coca-Cola Freestyle beverage
machine using? - -Hybrid lean and agile
-What negative impact can result from large lot, long lead-time operations? -
-The items are in places and at times customers don't want them.
-What key product type is marked by contribution margins of 20 to 60
percent, one- or two-day lead times, and high product variety? - -Innovative
-What key product type is marked by contribution margins of 5 to 20
percent, six- to twelve-month lead times, and low product variety? - -
Functional
-Which of the following is NOT a characteristic of an efficient supply chain? -
-Select primarily for speed, flexibility, and quality
-The demand penetration point is the place or stage in the supply chain
where ________ are accepted and fulfilled. - -Consumer orders
-Ted's Wicked Dive Shop needs to put together a reorder plan for breathing
regulators. Given that this product is high cost and highly customized in
order to meet the unique demands of different divers, Ted should utilize
which of the following strategies? - -Order regulators based on actual
customer orders and work with supplier-partners to quickly configure and
ship the regulators directly to customers
-Which of the following is not one of the three questions a manager should
ask when making an order fulfillment decision? - -How should we price the
product?
-If average daily demand for a product is twelve units and average lead time
for an order to arrive is four days, what is the reorder point (ROP) for the
product? - -48 units
-What is the economic order quantity (EOQ) in this system? - -400 units of
inventory
-Lean order fulfillment differs from traditional order fulfillment in that lean
utilizes: - -smaller inventory deployment and shorter cycle times
-What is one major issue that still exists in a lean fulfillment model? - -
Requirement to hold inventory in anticipation of customer orders
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