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BUAD 331 Exam 3 questions well answered to pass
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BUAD 331 Exam 3 questions well answered to pass
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BUAD 331 Exam 3Which of the following is not a technique for fulfilling customer orders?
A. Supply cycle time
B. Anticipate form, time, and place
C. Full Postponement
D. Make to stock, postpone time/place - correct answer ✔✔A. Supply cycle time
Define order cycle time.
A. The total cost of ownership combined with the customer value of a product
B. The total elapsed time from when the customer first recognizes need to when that need is ultimately
fulfilled
C. The total elapsed time from when the customer first orders the product to when that product is
shipped to them
D. None of the above - correct answer ✔✔B. 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:
A. order cycle time
B. logistics lead time
C. customer delivery cycle
D. lead time gap - correct answer ✔✔D. lead time gap
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?
A. Order regulators when all existing stock reaches the re-order point (ROP)
B. Order product from the supplier that gives him the best price at the time of order
,C. Order regulators twice per year to keep set-up and order placement costs to a - correct answer ✔✔D.
Order regulators based on actual customer orders and work with supplier-partners to quickly configure
and ship the regulators directly to customers
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?
A. 21 units
B. 12 units
C. 7 units
D. 5 units
E. 35 units - correct answer ✔✔E. 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?
A, Increase variability of demand by running frequent promotional campaigns and discounts for select
products
B. Purchase off-season products in bulk to take advantage of manufacturer's discounts - correct answer
✔✔D. Synchronize information exchange across the supply chain and form strategic relationships with
key customers and suppliers
The economic order quantity (EOQ) model aims to:
A. calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying
costs.
B. minimize inventory costs by eliminating safety stock.
C. minimize total supply chain landed costs.
D. establish the optimal amount of inventory to be reordered by balancing carrying costs with
transportation costs. - correct answer ✔✔A. calculate the optimal amount of inventory to be reordered
by balancing ordering costs with carrying costs.
The move to lean and then responsive value creation requires a "paradigm shift" from a ________
mentality to a customer ________ mentality.
A. Hybrid style, retention
, B. Product-focused push, demand-focused pull
C. Demand-focused push, product-focused pull
D. Product-order completion, time-saving - correct answer ✔✔B. 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?
A. Anticipatory
B. Responsive
C. Postpone
D. Lean - correct answer ✔✔B. Responsive
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
________.
A. Time postponement
B. Place postponement
C. Logistics postponement
D. Manufacturing or form postponement - correct answer ✔✔D. Manufacturing or form postponement
Ordering supplies twice per year vs four times per year can result in _______ due to __________?
A. Shorter lead-times, higher set-up or ordering costs
B. Higher ordering costs, lower transportation costs
C. Higher inventory carrying costs, lower marginal costs
D. Higher carrying costs, higher average inventory levels
E. Lower inventory carrying costs, lower average inventory levels - correct answer ✔✔D. Higher carrying
costs, higher average inventory levels
What negative outcomes can result from large lot-sized, long lead-time operations?
A. Customers don't want the items.
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