Which of the following is not a technique for fulfilling customer orders?
-Supply cycle time
-Anticipate form, time, and place
-Full postponement
-Make to stock, postpone time/place - CORRECT ANSWER-supply cycle time
Ted's Wicked Dive Shop needs to put together a re-order plan for breathing re...
BUAD 331 UTK EXAM 3 Questions And
Answers
Which of the following is not a technique for fulfilling customer orders?
-Supply cycle time
-Anticipate form, time, and place
-Full postponement
-Make to stock, postpone time/place - CORRECT ANSWER-supply cycle time
Ted's Wicked Dive Shop needs to put together a re-order 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 when all existing stock reaches the re-order point (ROP)
-Order product from the supplier that gives him the best price at the time of order
-Order regulators twice per year to keep set-up and order placement costs to a
minimum
-Order regulators based on actual customer orders and work with supplier-partners to
quickly configure and ship the regulators directly to customers
-Order regulators in bulk using a manufacturing demand forecast model coupled with a
long lead-time based EOQ to take advantage of manufacturing and transportation
discounts - CORRECT ANSWER-Order regulators based on actual customer orders
and work with supplier to quickly configure and ship the regulators directly to customers
1. If average daily demand for a product is 5 units and average lead time for an order to
arrive is 7 days, what is that reorder point (ROP) for the product?
-21
-78
-5
-42 - CORRECT ANSWER-35
Ted and his friend Matt start a new company called crab man 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?
-increase the variability of demand by running frequent promotional campaigns and
discounts for select products
-purchase off-season products in bulk to take advantage of manufacturer's discounts
-increase complexity in the supply chain to ensure products are made to automobile
manufacturer's strict specifications
-synchronize information exchange across the supply chain and form strategic
relationships with key customers and suppliers
, -select suppliers based on the lowest unit purchase price regardless of delivery
reliability - CORRECT ANSWER-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.
-hybrid style, retention
-product-focused push, demand-focused pull
-demand-focused push, product-focused pull
product-order completion, time saving - CORRECT ANSWER-Product-focused push,
demand-focused pull
Ted wanted to paint his upstairs hallway. He selected 4 different colors of brown/beige
and chose "Puppy Paws," which Lowe's mixed for him on site. This method of order
fulfillment is an example of ______.
-time postponement
-place postponement
-logistics postponement
-manufacturing or form postponement - CORRECT ANSWER-Manufacturing or form
postponement
Ordering supplies twice per year vs. four times per year can result in _______ due to
______?
-shorter lead-times, higher set-up or ordering costs
-higher ordering costs, lower transportation costs
-higher inventory carrying costs, lower marginal costs
-higher inventory carrying costs, higher average inventory levels
-lower inventory carrying costs, lower average inventory levels - CORRECT ANSWER-
Higher inventory carrying costs, and higher average inventory levels
What are the four stages in the Product Life Cycle? - CORRECT ANSWER-Introduction
Growth
Maturity
Decline
What type of supply chain would be most appropriate during the introductory and growth
stages due to demand being highly unpredictable?
-efficient
-multiple hybridized
-responsive
-semi-functional - CORRECT ANSWER-responsive
Most supplier organizations only measure order cycle time from when they ________ till
when they ship an order.
-receive a customer service report
-mine material
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