QDM Exam 3 Questions And Answers 2024 Latest Study Quizzes Rated A+
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QDM Exam 3 Questions And Answers 2024 Latest Study Quizzes Rated A+
What raw material do you think the camera lens in your mobile phone is made from?
Carbon dioxide
Potassium and lead silicates
Sodium bicarbonate
Aluminum oxide ANS potassium and lead silicates
What is it called when uncert...
QDM Exam 3 Questions And Answers 2024 Latest
Study Quizzes Rated A+
What raw material do you think the camera lens in your mobile phone is made from?
Carbon dioxide
Potassium and lead silicates
Sodium bicarbonate
Aluminum oxide ANS potassium and lead silicates
What is it called when uncertainty and miscommunication among the players in a supply chain cause over-
reactions resulting in sub-optimal results.
Procurement
Postponement
The Bullwhip Effect
Sole Sourcing ANS The bullwhip effect
When is the many supplier strategy more appropriate?
When purchasing a strategically critical product or service from a market that has only one or two qualified
providers.
When purchasing a less critical product or service from a market that has a number of qualified providers. ANS
When purchasing a less critical product or service from a market that has a number of qualified providers.
What does RFP stand for?
Really Flawed Process
Reasonably Fair Purchase
Correct! Request For Proposal
Require Fewer Providers ANS Request for proposal
TRUE or FALSE: Vertical Integration can mean either internally developing a capability that your company
needs or purchasing a supplier that already has that capability.
Correct! TRUE
FALSE ANS True
,Is a Joint Venture a legal partnership?
Correct! Yes - the parties agree to work together, and their responsibilities and performance requirements are
governed by a contract.
No - although a JV agreement is put in place, the parties are not required to work in partnership. ANS Yes -
the parties agree to work together, and their responsibilities and performance requirements are governed by a
contract.
Which of the following best describes a Japanese Keiretsu Network?
An online marketplace formed by companies in the same supply chain
Correct! A business alliance formed by several companies in a supply chain
A multi-company competition to dominate a supply chain
A supply chain controlled by a single, dominant company ANS A business alliance formed by several
companies in a supply chain
The Make vs Buy (MvB) formula should look familiar to you. What is another term we could use for the
Indifference Quantity?
Upper Spec Limit
Capability Quantity
Capacity Utilization
Correct! Crossover Point ANS crossover point
Consider the OFFICE SUPPLIES example.
Where would your place the category of OFFIC SUPPLIES on Kruhlich's sourcing matrix?
High Impact High Risk Strategic Items
High Impact Low Risk Leverage Items
Low Impact High Risk Bottleneck Items
Correct! Low Impact Low Risk Non-Critical Items ANS low impact low risk non critical items
Which trend direction is preferable for percentage of assets invested in inventory?
Upward
Correct! Downward ANS downward
, Which trend direction is preferable for inventory turnover?
Downward
Correct! Upward ANS upward
Which trend direction is preferable for weeks of supply?
Correct! Downward
Upward ANS downward
Which function encompasses the management of transportation, vehicles, warehouses, and inventory?
Which mode of transportation is the most cost-effective way to move products over land?
Rail
Truck
Uber
Air-freight ANS rail
Where is the geographic center of the lower 48 United States?
Columbia, Missouri
Seward, Nebraska
Durham, New Hampshire
Correct! Lebanon, Kansas ANS Lebanon, Kansas
Which of the following statements is NOT true?
A.
An increased sales effort may help a firm reach its profit goals more easily than would effective cost cutting.
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