BUAD 331 Exam 3 | Questions with Verified Answers Which 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 Define order cycle time. A. The total cost of ownership c...
Which 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
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
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
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
minimum
D. Order regulators based on actual customer orders and work with supplier-partners to
quickly configure and ship the regulators directly to customers
E. Order regulators in bulk using a manufacturing demand forecast model coupled with
a long lead-time based EOQ to take advantage of manufacturing and transportation
discounts
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
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
C. Increase complexity in the supply chain to ensure products are made to automobile
manufacturer's strict specifications
D. Synchronize information exchange across the supply chain and form strategic
relationships with key customers and suppliers
E. Select suppliers based on lowest unit purchase price regardless of delivery reliability
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.
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
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
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