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Exam 15: Supply Chain Management

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Question 21

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Traffic management refers to truck movement within our parking areas.

A) True
B) False

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Question 22

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Last quarter, a retailer sold 8,000 T-shirts, 7,000 of which were sold directly from on-hand inventory. This retailer's ________ was 88 percent.

A) fill rate
B) inventory yield
C) profit margin
D) inventory turnover
E) working yield

F) C) and E)
G) All of the above

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Question 23

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Frequent deliveries of small shipments can reduce inventory but also result in an increase in the transportation cost per unit.

Decentralized purchasing can usually offer quicker response than centralized purchasing.

Small changes in consumer demand can result in large variations in orders placed because of the:

One disadvantage to RFID is that it requires a clear "line of sight" to operate.

Most people working for a business organization are somehow involved with the supply chain of that business.

Delayed differentiation is a means of increasing product variety without building the customized product from scratch or keeping large inventories of custom products.

Important factors in purchasing include the cost of goods purchased, the quality of goods and services, and the timing of deliveries of goods or services.

The website and order fulfillment are essential features of:

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.

In supply chain organizations, functions must operate independently of each other.

Real-time information about product movement on store shelves could benefit from the use of:

The optimization of the supply chain uses a mathematical model to determine the optimal number of business organizations to be included in the chain.

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

Outsourcing logistics gives a company less flexibility because it forces them to focus more on core businesses.

Returned goods are part of reverse logistics.

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

The goal of supply chain management is to synchronize supply and demand of all of the organizations that are part of the chain.

It is especially the case for small businesses that closer interactions and increased agility make __________ relatively more attractive.