BUAD 331 Supply Chain Exam 2
Key factors for ensuring that products flow in a synchronous, coordinated fashion
through the supply chain include: - answer Information sharing and process
synchronization
What is one benefit of buyer-seller collaboration in synchronized supply chain? - answer
Demand information is captured and communicated in near real-time
Which of the following is FALSE concerning "Quick Response" and "Vendor Managed
Inventory" techniques? - answerIt uses supplier generated forecasts of demand to push
large volumes of product to retail shelves.
Leading organizations have long recognized that a key enabler of success in supply
chain management is: - answerState of the art information system capabilities
What is the demand penetration point? - answerThe point in the supply chain where
actual demand information triggers an operational response
Improved demand visibility enables the company to: - answerAll of the above
Enterprise Resource Planning systems, or ERP, form one critical part of the IT
infrastructure. Its role is best represented as: - answerProviding an organization-wide
platform for collecting and disseminating data
Ted's computer exploded in class on Monday. He must order a new on through the UT
procurement and replenishment process. It takes 10 days to place the order with Del, 5
days to build and ship the computer, and 20 days to receive it at UT, load required
software and deliver to Ted's office. If you were a supply chain manager at UT
committed to changing ... - answerNegotiate with Dell to standardize pricing, give Dell
access to actual demand, and hold them responsible for direct delivery.
The sum of the vertical axes of the supply chain map in Figure 3 indicate: - answerThe
amount of time to drain the system of non-value added inventory
Ted must decide how to manage replenishment orders for the products that he sells in
his Wicked Dive Shop. Lean order fulfillment would be most appropriate for products
with which of the following characteristics? - answerHigh volume, predictable sales, low
relative product cost, long product life cycle
What is the lead time for receiving inventory once an order is placed in Figure 4 above: -
answer10 days
, Assuming constant demand rate, how many units of inventory will be left by the end of
the 19th day of the cycle? - answer20 left
Assumptions of the Simple or Naive EOQ Inventory Model include: - answer- 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? - answerEconomic Order Quantity
Supply chain pipeline managements seeks to meet the competitive challenge of
increasing the speed of response to market needs through: - answerImproving 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... - answerManufacturing postponement
The supply chain execution component of an IT system provides what type of
functionality? - answerProvides 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? -
answerWorking 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? - answerCase D
Purchasing Costs 300 million
Production Costs 300 million
Distribution Costs 300 million
Total Inventory ZERO
The economic order quantity (EOQ) model attempts to: - answerCalculate 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? - answerA high volume, basic phone with predictable customer
demand
A supply chain that utilizes an agile order fulfillment technique will: - answerBase
manufacturing on actual customer orders
Key factors for ensuring that products flow in a synchronous, coordinated fashion
through the supply chain include: - answer Information sharing and process
synchronization
What is one benefit of buyer-seller collaboration in synchronized supply chain? - answer
Demand information is captured and communicated in near real-time
Which of the following is FALSE concerning "Quick Response" and "Vendor Managed
Inventory" techniques? - answerIt uses supplier generated forecasts of demand to push
large volumes of product to retail shelves.
Leading organizations have long recognized that a key enabler of success in supply
chain management is: - answerState of the art information system capabilities
What is the demand penetration point? - answerThe point in the supply chain where
actual demand information triggers an operational response
Improved demand visibility enables the company to: - answerAll of the above
Enterprise Resource Planning systems, or ERP, form one critical part of the IT
infrastructure. Its role is best represented as: - answerProviding an organization-wide
platform for collecting and disseminating data
Ted's computer exploded in class on Monday. He must order a new on through the UT
procurement and replenishment process. It takes 10 days to place the order with Del, 5
days to build and ship the computer, and 20 days to receive it at UT, load required
software and deliver to Ted's office. If you were a supply chain manager at UT
committed to changing ... - answerNegotiate with Dell to standardize pricing, give Dell
access to actual demand, and hold them responsible for direct delivery.
The sum of the vertical axes of the supply chain map in Figure 3 indicate: - answerThe
amount of time to drain the system of non-value added inventory
Ted must decide how to manage replenishment orders for the products that he sells in
his Wicked Dive Shop. Lean order fulfillment would be most appropriate for products
with which of the following characteristics? - answerHigh volume, predictable sales, low
relative product cost, long product life cycle
What is the lead time for receiving inventory once an order is placed in Figure 4 above: -
answer10 days
, Assuming constant demand rate, how many units of inventory will be left by the end of
the 19th day of the cycle? - answer20 left
Assumptions of the Simple or Naive EOQ Inventory Model include: - answer- 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? - answerEconomic Order Quantity
Supply chain pipeline managements seeks to meet the competitive challenge of
increasing the speed of response to market needs through: - answerImproving 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... - answerManufacturing postponement
The supply chain execution component of an IT system provides what type of
functionality? - answerProvides 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? -
answerWorking 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? - answerCase D
Purchasing Costs 300 million
Production Costs 300 million
Distribution Costs 300 million
Total Inventory ZERO
The economic order quantity (EOQ) model attempts to: - answerCalculate 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? - answerA high volume, basic phone with predictable customer
demand
A supply chain that utilizes an agile order fulfillment technique will: - answerBase
manufacturing on actual customer orders
