OM Chap 4 Flashcards


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1

Just-in-time/supply chain management purchasing requires the following condition:

cooperation between purchasing and suppliers

2

Which of the following is appropriate for stable supply processes and functional products?

efficient supply chains.

3

Which of the following is appropriate for stable supply processes and innovative products?

responsive supply chains.

4

Which of the following is a reason for the recent focus on supply chain issues?

Companies are concentrating their resources on core competencies.

5

Which is NOT a reason that companies are depending more on their suppliers?

More control over their suppliers

6

Which of the following is a demand characteristic of functional products?

high forecast accuracy.

7

Which of the following is NOT identified as a requirement for a successful Supply Chain?

Flexibility from multiple sourcing

8

_______ integration refers to owning or controlling sources of raw materials and components

Backward

9

Purchased items typically account for more than what % of cost of goods sold?

60

10

The goals of supply-chain management include attempting to reduce uncertainty and risk impacting:

all of the above.

11

Which of the following is regarding supply chains is TRUE?

The structure of the supply chain can vary dramatically, even within an industry.

12

Which of the following is NOT a benefit of supply chain management /Just-In-Time Purchasing?

Higher prices, but higher quality to the customer

13

Which of the following is a supply characteristic of stable supply processes?

fewer yield problems.

14

Items that are used continuously in production processes for which there is a fairly long-term demand should be purchased by
Answer

long-term purchasing agreement

15

Which of the following is typically NOT performed by the purchasing function?

Schedule the processing of raw materials into final products.

16

Which of the following is a way to counteract the bullwhip effect?

using information technology to improve processes.

17

If two potential suppliers can deliver a part with the same quality and prices, the selection should be based on:

the capabilities and flexibilities of the firms.

18

Business-to-Business marketplaces have enabled B2B to be one of the fastest growing segments on the Internet because B2B:

marketplaces help firms to save on the costs of their purchased goods.

19

The trend in organizations is to place the supply chain management function:

at the same level as the other major functions.

20

Which of the following is a supply characteristic of evolving supply processes?

more yield problems.

21

Disintermediation is a term used to define

using finished goods warehousing at the customer location to reduce delivery time.

22

Which of the following is NOT a major cause of the bullwhip effect?

All of the above are causes of the bullwhip effect

23

Which of the following is NOT a factor impacting the supply chain?

Need for More Frequent Competitive Bidding

24

Which of the following is a critical element of supply chain management / Just-In-Time purchasing?

Smaller lot sizes.

25

Supply-Chain Management refers to:

managing the flow of information, material, and services from supplier to the end customer.