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Scm 5831 Midterm Essay

1082 words - 5 pages

* Question 1
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| ____________ looks at an entire market as having the same characteristics:Answer | | | |
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Correct Answer: |  e.  Mass marketing |
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* Question 2
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| An accelerated flow of funds through the supply chain can improve a firm's profitability by:Answer | | | |
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Correct Answer: |  c.  Creating a positive cash flow provides financial opportunity |
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* Question 3
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| The experience curve describes the relationship between:Answer | | | |
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Correct Answer: |  d.  Costs and experience |
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* Question 4
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| In terms of market coverage, ___________ distribution ...view middle of the document...

  Loss of control over a product or process |
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* Question 11
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| The maximum amount of time each station on an assembly line has to complete a task is known as:Answer | | | |
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Correct Answer: |  e.  Cycle time |
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* Question 12
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| The best way to evaluate price in the sourcing process is:Answer | | | |
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Correct Answer: |  e.  Total cost of ownership |
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* Question 13
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| The _________ stage of the product design process may include early supplier involvement:Answer | | | |
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Correct Answer: |  a.  Idea development |
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* Question 14
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| One of the key aspects that must be considered when interpreting productivity measures is:Answer | | | |
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Correct Answer: |  a.  Benchmarking |
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* Question 15
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| Defining logical sequence and speed of the production process relates to:Answer | | | |
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Correct Answer: |  c.  Line balancing |
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* Question 16
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| Industries/Products that typically need a high inventory turn measure include:Answer | | | |
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Correct Answer: |  c.  Short life-cycle |
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* Question 17
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| Variation is a challenge because it adds ________ and _______ to a process:Answer | | | |
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Correct Answer: |  d.  Complexity and uncertainty |
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* Question 18
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| Attributes of functional product sourcing include:Answer | | | |
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Correct Answer: |  d.  Predictable demand |
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* Question 19
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| One of the most important benefits of integrated IT systems is improved _________ across the supply chain:Answer | | | |
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Correct Answer: |  d.  Visibility |
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* Question 20
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| Features of a repetitive process include:Answer | | | |
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Correct Answer: |  d.  Capital-intensive resources |
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* Question 21
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| __________ supply chains are best utilized for products that have both high demand and supply uncertainty:Answer | | | |
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Correct Answer: |  c.  Agile |
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* Question 22
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| __________ refers to the maximum amount of output that can be achieved by a process.Answer | | | |
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Correct Answer: |  d.  Capacity |
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* Question 23
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| The most effective strategy for companies that produce standardized, commodity products is:Answer | | | |
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Correct Answer: |  c.  Make-to-stock |
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* Question 24
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| Firm ownership of upstream suppliers is known as:Answer | | | |
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Correct Answer: |  b.  Vertical integration |
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* Question 25
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| A worker can produce 1000 units during an 8 hour shift, thus the productivity of that worker is:Answer | | | |
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Correct Answer: |  d.  125 units/hour |
| | | ...

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