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BUAD 331 Supply Chain Exam 2- Questions and Answers
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BUAD 331 Supply Chain Exam 2- Questions and Answers
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BUAD 331 Supply Chain Exam 2- Questions and AnswersWhat is the lead time for receiving inventory once an order is placed in Figure 4 above:
Correct Ans-10 days
Assuming constant demand rate, how many units of inventory will be left by the end of the
19th day of the cycle? Correct Ans-20 left
Assumptions of the Simple or Naive EOQ Inventory Model include: Correct Ans-- a
constant and know rate of demand
- a constant and known replenishment cycle or lead time)
In figure 5 above, the point where the inventory carrying cost curve and the order/set-up cost
curve cross represents which of the following? Correct Ans-Economic Order Quantity
Supply chain pipeline managements seeks to meet the competitive challenge of increasing
the speed of response to market needs through: Correct Ans-Improving visibility into
demand and supply combined with faster order cycle time
Ted's wife Lori wanted to paint the upstairs hallway. She selected 4 different colors of
brown/beige and chose "Puppy Paws," which Lowe's mixed for her on site. This method of
order fulfillment is an example of... Correct Ans-Manufacturing postponement
,BUAD 331 Supply Chain Exam 2- Questions and Answers
The supply chain execution component of an IT system provides what type of functionality?
Correct Ans-Provides operations managers with a tool to manage the input resources
required to do the job given planned levels of required output
Extended enterprise relationships are best used in which of the following situations?
Correct Ans-Working with a supplier of a key component to strategically reduce lead time
A company is contemplating different order fulfillment techniques to use for a particular
product. They have run cost models and come up with the data shown below. Assuming they
decided to adopt full agile/responsive order fulfillment, which case below would exemplify
the costs associated with this strategy? Correct Ans-Case D
Purchasing Costs 300 million
Production Costs 300 million
Distribution Costs 300 million
Total Inventory ZERO
The economic order quantity (EOQ) model attempts to: Correct Ans-Calculate the optimal
amount of inventory to be reordered by balancing ordering costs with carrying costs
You are a project manager at Cellphone, Inc and you must make recommendations concerning
which fulfillment technique to use for the launch of a new product. Which of the following is
the best example of a product that would appropriately utilize Lean Order Fulfillment?
Correct Ans-A high volume, basic phone with predictable customer demand
, BUAD 331 Supply Chain Exam 2- Questions and Answers
A supply chain that utilizes an agile order fulfillment technique will: Correct Ans-Base
manufacturing on actual customer orders
As temperatures drop, Monique and Hannah believe that hot chocolate will sell well on the
UTK campus. Their plan is to mix 50 gallons on Thursday and bring it to campus on Friday to
sell, and then mix 50 more gallons over the weekend to bring and sell on Monday. They are
most closely following what type of supply chain orientation: Correct Ans-Lean
Figure 1 above represents: Correct Ans-Lean inventory management model with cycle
stock and safety stock
What is the EOQ amount ordered in Figure 1 above? Correct Ans-1 month worth of
inventory—look at graphs and learn cycle/safety stock
Which of the following is an incorrect statement about the naive EOQ process? Correct
Ans-It account for lead time variance and demand variance
Ordering supplies twice per year vs. four times per year can result in... Correct Ans-higher
inventory carrying costs due to higher average inventory levels.
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 specialized in order to met the unique demands of
different divers, Ted should utilize which of the following strategies: Correct Ans-Order
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