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SPHE 421 Final Exam/100 Questions and Answers Scored 95%;AMU
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SPHE 421 Final Exam/100 Questions and Answers Scored 95%;AMU
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SPHE 421 Final Exam/100 Questionsand Answers Scored 95%;AMU
Which of the following is contributing to an increased emphasis
on risk management?
a. Globalization
b. Outsourcing
c. Faster clockspeeds
d. Increasing customer demands
e. All of the above - ANSWER-all of the above
Just-in-time is related to which other principle?
a. Lean production
b. Outsourcing
c. Globalization
d. Greater competition
e. More complex supply chains - ANSWER-lean production
,Thomas Friedman's best-selling book The World is Flat was
primarily concerned with what?
a. Sustainability
b. Globalization
c. Innovation
d. Global warming
e. International conflict - ANSWER-globalization
Which of the following statements is false?
a. There is a high level of apathy toward supply risk
management
b. Most companies do not quantify risks when outsourcing
production
c. Companies are well versed in supply chain risk management
d. Risk management is a challenging domain in need of more
attention
e. Many companies do not have a risk management plan in place
- ANSWER-Companies are well versed in supply chain risk
management
External spend, as a fraction of total cost, has increased for most
companies. Which risk does this impact the most?
,a. Inventory risk
b. Quality risk
c. Transit loss risk
d. Risk of natural disasters
e. Economics risks - ANSWER-quality risk
You can acquire services from Dun & Bradstreet to help do a
better job with which of the following?
a. Hedging
b. Near-sourcing
c. Supplier monitoring
d. Postponement
e. Contract language
f. All of the above - ANSWER-supplier monitoring
Dividing suppliers into different groups based on the risk they
pose to a company is referred to as what?
a. Supplier segmentation
b. Supplier selection
c. Supplier monitoring
d. Supplier auditing
e. Supplier site visits
, f. Both A and D - ANSWER-supplier segmentation
Which action is considered hedging?
a. Segmenting suppliers based on risk
b. Ensuring careful contract language
c. It is comparable to near-sourcing
d. Waiting to customize a product until the last minute
e. The purchase of future contracts - ANSWER-The purchase of
future contracts
One strategy to reduce risks is to have a backup supplier in case
your incumbent is not able to deliver. What is this strategy
called?
a. Inventory pooling
b. Hedging
c.Postponement
d. Dual- or multi-sourcing
e. Single-sourcing - ANSWER-Dual- or multi-sourcing
Why is part standardization able to reduce risk?
a. You are able to monitor quality much better
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