Question 1

Examination of the sources of supply for purchased parts or materials in order to improve performance is called:

Accepted Answer

A)   vendor analysis.
B)   value analysis.
C)   negotiated purchasing.
D)   reverse engineering.
E)   disintegration.F) D) and E)
G) All of the above

Question 2

Which of these aspects of supply chain management are especially concerning to small business?
(I)  customer reliability
(II)  inventory management
(III)  purchasing costs
(IV)  risk management
(V)  international trade

Accepted Answer

A)   III, IV, and V only
B)   I, II, and III only
C)   I, III, and IV only
D)   I and II only
E)   II, IV, and V onlyF) A) and D)
G) None of the above

Question 3

The activity which begins with a request from within the organization is:

Accepted Answer

A)   outsourcing search.
B)   purchasing cyclE.
C)   supplier selection.
D)   order receipt.
E)   supply chain management.F) C) and D)
G) C) and E)

Question 4

Which of the following is not an application of E-business?

Accepted Answer

A)   Internet buying and selling
B)   e-mail
C)   order and shipment tracking
D)   electronic data interchange (EDI) 
E)   universal product codesF) C) and D)
G) B) and D)

Question 5

Bullwhip effect refers to a phenomenon in which demand variations that exist at the customer end of the supply chain are magnified as orders are generated back through the supply chain.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is part of the purchasing cycle?
(I)  Purchasing selects a supplier.
(II)  Orders from vendors are received.
(III)  Purchasing receives a requisition.

Accepted Answer

A)   II and III
B)   I, II, and III
C)   I only
D)   I and II
E)   I and IIIF) A) and C)
G) B) and C)

Question 7

Returned goods are part of reverse logistics.

Accepted Answer

A) True 
 B)False

Question 8

Vendor analysis is the examination of the _________ of purchased materials.

Accepted Answer

A)   function
B)   source
C)   quality
D)   cycle
E)   quantityF) B) and D)
G) A) and E)

Question 9

Decentralized purchasing can usually offer quicker response than centralized purchasing.

Accepted Answer

A) True 
 B)False

Question 10

Starting with the final customer and moving backward through the supply chain, batch sizes and the level of safety stock tend to decrease.

Accepted Answer

A) True 
 B)False

Question 11

_________ has/have helped firms to concentrate on their core business.

Accepted Answer

A)   Supply chains
B)   Scheduling
C)   Outsourcing
D)   ERP
E)   Lean productionF) A) and B)
G) A) and C)

Question 12

The more __________ a company's supply chain, the more difficult it is to ensure that the supply chain is managed ethically.

Accepted Answer

A)   interconnected
B)   global
C)   visible
D)   shortened
E)   CompetitiveF) All of the above
G) A) and E)

Question 13

A factor that makes it desirable for business organizations to actively manage their supply chains is:

Accepted Answer

A)   more potential vendors.
B)   increasing globalization.
C)   downsizing.
D)   the Internet.
E)   RFIDs.F) A) and B)
G) B) and E)

Question 14

Which of the following is an advantage of E-business?
(I)  reduction of transaction costs
(II)  shortened supply chain response time
(III)  greater customer loyalty

Accepted Answer

A)   I
B)   II
C)   I and II
D)   II and III
E)   I, II, and IIIF) B) and E)
G) C) and D)

Question 15

The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Accepted Answer

A) True 
 B)False

Question 16

The need for risk management increases as globalization of supply chains increases.

Accepted Answer

A) True 
 B)False

Question 17

Some firms have structured their procurement function to include both centralized and decentralized purchasing.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following is not a measure of the reliability of the supply chain?

Accepted Answer

A)   supply chain response time
B)   on-time delivery
C)   fill rate
D)   lead time variability
E)   improving e-fulfillment statisticsF) B) and C)
G) All of the above

Question 19

Event-response capability is the advanced planning required to respond to planned events such as receiving a scheduled shipment.

Accepted Answer

A) True 
 B)False

Question 20

In e-commerce, the front-end design is significantly more important than the back-end design.

Accepted Answer

A) True 
 B)False

Exam 21: Supply Chain Management

The activity which begins with a request from within the organization is:

Correct AnswerverifiedShow Answer

Examination of the sources of supply for purchased parts or materials in order to improve performance is called:

Correct AnswerverifiedShow Answer

Vendor analysis is the examination of the _________ of purchased materials.

Correct AnswerverifiedShow Answer

The more __________ a company's supply chain, the more difficult it is to ensure that the supply chain is managed ethically.

Correct AnswerverifiedShow Answer

In e-commerce, the front-end design is significantly more important than the back-end design.

Correct AnswerverifiedShow Answer

Which of the following is an advantage of E-business? (I) reduction of transaction costs (II) shortened supply chain response time (III) greater customer loyalty

Correct AnswerverifiedShow Answer

Bullwhip effect refers to a phenomenon in which demand variations that exist at the customer end of the supply chain are magnified as orders are generated back through the supply chain.

Correct AnswerverifiedShow Answer

_________ has/have helped firms to concentrate on their core business.

Correct AnswerverifiedShow Answer

Which of the following is not an application of E-business?

Correct AnswerverifiedShow Answer

A factor that makes it desirable for business organizations to actively manage their supply chains is:

Correct AnswerverifiedShow Answer

Decentralized purchasing can usually offer quicker response than centralized purchasing.

Correct AnswerverifiedShow Answer

The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Correct AnswerverifiedShow Answer

Which of the following is part of the purchasing cycle? (I) Purchasing selects a supplier. (II) Orders from vendors are received. (III) Purchasing receives a requisition.

Correct AnswerverifiedShow Answer

Starting with the final customer and moving backward through the supply chain, batch sizes and the level of safety stock tend to decrease.

Correct AnswerverifiedShow Answer

Returned goods are part of reverse logistics.

Correct AnswerverifiedShow Answer

Which of these aspects of supply chain management are especially concerning to small business? (I) customer reliability (II) inventory management (III) purchasing costs (IV) risk management (V) international trade

Correct AnswerverifiedShow Answer

Which of the following is not a measure of the reliability of the supply chain?

Correct AnswerverifiedShow Answer

Some firms have structured their procurement function to include both centralized and decentralized purchasing.

Correct AnswerverifiedShow Answer

Event-response capability is the advanced planning required to respond to planned events such as receiving a scheduled shipment.

Correct AnswerverifiedShow Answer

The need for risk management increases as globalization of supply chains increases.

Correct AnswerverifiedShow Answer

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