QDM Final Questions And Answers With Verified
Solutions
A supply chain ends with ANS a satisfied customer
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.
B.
The objective of supply chain management is to coordinate activities within the supply chain to maximize the
supply chain's competitive advantage and benefits to the ultimate consumer.
C.
Supply chain management describes the coordination of all supply chain activities, starting with raw materials,
and ending with a satisfied customer.
D.
A supply chain includes suppliers; manufacturers and/or service providers; and distributors, wholesalers,
and/or retailers who deliver the product and/or service to the final customer. ANS A.
An increased sales effort may help a firm reach its profit goals more easily than would effective cost cutting.
Prior to embarking on supply chain design, operations managers must first consider ANS "make-or-buy"
and outsourcing decisions
What is transferring a firm's activities that have traditionally been internal to external suppliers? ANS
outsourcing
The advantage of having few suppliers is to ANS form a long-term relationship
The advantage of having many potential suppliers is their willingness to ANS offer lower prices in the
short term
What is developing the ability to produce goods or services previously purchased or actually buying a supplier
or a distributor? ANS vertical integration
, Which of the following strategies is part collaboration, part purchasing from few suppliers, and part vertical
integration? ANS keiretsu networks
Which of the following statements is NOT true regarding the bullwhip effect?
A.
Bullwhip fluctuations in the supply chain increase the costs associated with inventory, transportation, shipping
and receiving.
B.
Inaccurate information results in distortions and fluctuations, causing what is known as the bullwhip effect.
C.
Bullwhip fluctuations in the supply chain decrease customer service and profitability.
D.
The bullwhip effect occurs as order are relayed from retails, to distributors, to wholesalers, to manufacturers,
with fluctuations decreasing at each step in the sequence. ANS D.
The bullwhip effect occurs as order are relayed from retails, to distributors, to wholesalers, to manufacturers,
with fluctuations decreasing at each step in the sequence.
Three common measures of supply chain performance are: ANS percentage invested in inventory,
inventory turnover, and weeks of supply
The cost to produce the goods or services sold for a given period is referred to as ANS costs of goods sold
Which of the following is NOT one of the major causes of the bullwhip effect?
A.
shared demand information
B.
order batching
C.
price fluctuations
D.
demand forecast errors ANS A.
shared demand information
Solutions
A supply chain ends with ANS a satisfied customer
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.
B.
The objective of supply chain management is to coordinate activities within the supply chain to maximize the
supply chain's competitive advantage and benefits to the ultimate consumer.
C.
Supply chain management describes the coordination of all supply chain activities, starting with raw materials,
and ending with a satisfied customer.
D.
A supply chain includes suppliers; manufacturers and/or service providers; and distributors, wholesalers,
and/or retailers who deliver the product and/or service to the final customer. ANS A.
An increased sales effort may help a firm reach its profit goals more easily than would effective cost cutting.
Prior to embarking on supply chain design, operations managers must first consider ANS "make-or-buy"
and outsourcing decisions
What is transferring a firm's activities that have traditionally been internal to external suppliers? ANS
outsourcing
The advantage of having few suppliers is to ANS form a long-term relationship
The advantage of having many potential suppliers is their willingness to ANS offer lower prices in the
short term
What is developing the ability to produce goods or services previously purchased or actually buying a supplier
or a distributor? ANS vertical integration
, Which of the following strategies is part collaboration, part purchasing from few suppliers, and part vertical
integration? ANS keiretsu networks
Which of the following statements is NOT true regarding the bullwhip effect?
A.
Bullwhip fluctuations in the supply chain increase the costs associated with inventory, transportation, shipping
and receiving.
B.
Inaccurate information results in distortions and fluctuations, causing what is known as the bullwhip effect.
C.
Bullwhip fluctuations in the supply chain decrease customer service and profitability.
D.
The bullwhip effect occurs as order are relayed from retails, to distributors, to wholesalers, to manufacturers,
with fluctuations decreasing at each step in the sequence. ANS D.
The bullwhip effect occurs as order are relayed from retails, to distributors, to wholesalers, to manufacturers,
with fluctuations decreasing at each step in the sequence.
Three common measures of supply chain performance are: ANS percentage invested in inventory,
inventory turnover, and weeks of supply
The cost to produce the goods or services sold for a given period is referred to as ANS costs of goods sold
Which of the following is NOT one of the major causes of the bullwhip effect?
A.
shared demand information
B.
order batching
C.
price fluctuations
D.
demand forecast errors ANS A.
shared demand information
