Pitt. Challenge 2008

Pitt. Challenge 2008
SCMN/ Relationships February 28, 2008

1). The inventory required to meet demand under conditions of certainty, is called _________. a. EOQ b. average inventory c. SS d. average cycle stock

1). The inventory required to meet demand under conditions of certainty, is called _________ a. EOQ b. average inventory c. SS d. average cycle stock

2) What best characterizes outsourcing in the 1980s? a. agreements were transactional oriented b. offering value-added services was trendy c. concentration on productivity and long-term contracts d. concentrate on core competencies

3). Simple EOQ is: a. efficient order quantity b. a balancing of inventory carrying cost and transportation cost c. a balancing of set-up cost and inventory carrying cost d. economic inventory level under conditions of uncertainty

4). As a firm orders in larger quantities: a. order cost decrease and inventory carrying cost increase b. order cost increase and inventory carrying cost decrease c. order cost decrease and inventory carrying cost decrease d. order cost increase and inventory carrying cost increases

5). Outsourcing allows firms to: a. correct mistakes at a lower cost b. better control transactions c. identify quality issues faster d. better negotiate with customers

6) In expanded supply chain management, what are the three basic flows that are critical for supply chain partners to coordinate and jointly manage: a. Product, Information and Advertising b. Cash, Information and Product c. Information, Advertising and Cash d. Information, Product and Training

7) The value-added role of logistics generally includes direct responsibility for providing which of the following: a. Place and Form Utility b. Time and Place Utility c. Possession and Time Utility d. Value and Form Utility

8). Which of the following is not a critical factor in supply chain flow optimization a. Space b. Linkage c. Velocity d. Variability management

9)Which of the following activities would not be included within reverse logistics? A)finished goods distribution B) recycling C) product and packaging reuse D) salvage and scrap disposal E) waste disposal

Which of the following is not a benefit associated with successful implementation of MRP systems? A)better manufacturing control B)higher inventory turnover ratio(s) C)more accurate and timely information D)reduction in purchasing costs due to fewer orders being placed E) work force overtime is minimized

Which of the following statements about the cost and service considerations in global logistics is FALSE? A)The distances involved are much longer. B)Most international freight (measured by weight) moves by air. C)Order completeness is much more important. D) There are higher costs associated with shipping errors than in domestic logistics. E) None of the above statements are FALSE.

Control over logistics costs can be accomplished by: A)standard costs B)absorption costing C)productivity standards D) A and C only

According to the current CLM definition of logistics, the relationship between logistics and supply chain is: A)they are synonymous B)supply chain is a part of logistics C)logistics is a part of supply chain D)they are antonyms E)they are both part of the marketing channel

14). All of the following are characteristics of a supply chain management perspective (as opposed to a more traditional view of logistics/conventional channels), except: a. Members of the supply chain acknowledge interdependence b. Inventories are used as a mechanism of first, rather than last resort c. The supply chain is viewed as a single entity: competition is not with other firms in the supply chain but with other supply chains d. Supply chains are actively managed in both the upstream and downstream directions

A manager may pay more for one element of service in order to save an even larger amount on a different element. This is called _____________. A)suboptimization B)cost tradeoff C)supply chain management D)efficient consumer response

Pitt. Challenge
March 6, 2008 Supply Chain Relationships

1)Which is NOT one of the Four Phases of Supply Management? A) Generation of Requirements B) Sourcing C) Pricing D) Materials Handling E) Post- Award Activities

Which is NOT one of the Four Phases of Supply Management? A) Generation of Requirements B) Sourcing C) Pricing D) Materials Handling E) Post- Award Activities

2)Which is NOT one of the five major developments of supply management? A) Cross-functional teams B) Supply Alliances C) Logistics D) Strategic Sourcing E) E-Procurement

Which is NOT one of the five major developments of supply management? A) Cross-functional teams B) Supply Alliances C) Logistics D) Strategic Sourcing E) E-Procurement

3)Which is NOT one of the Primary benefits of a Supply Alliance? A) Increased Time to Market B) Improved Quality C) Improved Technology Flow From Suppliers D) Improved Continuity of Supply E) Lower Total Costs

Which is NOT one of the Primary benefits of a Supply Alliance? A) Increased Time to Market B) Improved Quality C) Improved Technology Flow From Suppliers D) Improved Continuity of Supply E) Lower Total Costs

4)Which is a Disadvantage of E-Commerce’s relationship with Supply MNGT? A) Enables companies to share information about quality problems B) Identify Internet supplier’s throughout the Internet-connected world C) Frequently requires integrating D) Helps enable collaboration

Which is a Disadvantage of E-Commerce’s relationship with Supply MNGT? A) Enables companies to share information about quality problems B) Identify Internet supplier’s throughout the Internet-connected world C) Frequently requires integrating D) Helps enable collaboration

5)The term supply chain management A)was coined by consultants at Booz-Allen & Hamilton in the 1980's B)was introduced to draw attention to the changing role of the logistics manager C)was introduced to draw attention to the need for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes D)Both b and c E)All of the above.

The term supply chain management A)was coined by consultants at Booz-Allen & Hamilton in the 1980's B)was introduced to draw attention to the changing role of the logistics manager C)was introduced to draw attention to the need for a perspective that recognizes the strategic importance of logistics and an integrated system-wide outlook when improving logistics processes D)Both b and c E)All of the above.

6)To say SCM is important because of dollars means that : A)it is expensive to change how supply chains are managed B)SCM focuses on the movement of money in international trade C)a lot of money is spent on SCM activities D)the cost of capital is higher for well developed supply chains E)Both a and d

To say SCM is important because of dollars means that : A)it is expensive to change how supply chains are managed B)SCM focuses on the movement of money in international trade C)a lot of money is spent on SCM activities D)the cost of capital is higher for well developed supply chains E)Both a and d

7) TQM: A)stands for timeliness and quality of management B)is an organization-wide effort directed towards the continuous improvement of quality C)relies on information technology D)was introduced in the early 1900's E)Both b and c

TQM A)stands for timeliness and quality of management B)is an organization-wide effort directed towards the continuous improvement of quality C)relies on information technology D)was introduced in the early 1900's E)Both b and c

8) JIT: A)was initially developed and implemented at Toyota B)has evolved over time and has been adapted in a wide range of sectors C)is commonly known in industry today as lean D)Both b and c E)All of the above

JIT: A)was initially developed and implemented at Toyota B)has evolved over time and has been adapted in a wide range of sectors C)is commonly known in industry today as lean D)Both b and c E)All of the above

9) The supply chain product matrix: A)classifies products according to predictability of demand B)classifies the supply chain according to industry C)indicates that a responsive supply chain should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products E)Both a and d

The supply chain product matrix: A)classifies products according to predictability of demand B)classifies the supply chain according to industry C)indicates that a responsive supply chain should be matched with functional products D)indicates that an efficient supply chain should be matched with innovative products E)Both a and d

10) Regarding the characteristics of a responsive supply chain, A)the primary purpose is to respond quickly to unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory B)excess buffer capacity is maintained rather than striving for high utilization C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality D)products are designed to be modular rather than to maximize performance and minimize cost E)All of the above

Regarding the characteristics of a responsive supply chain, A)the primary purpose is to respond quickly to unpredictable demand in order to minimize stockouts, forced markdowns, and obsolete inventory B)excess buffer capacity is maintained rather than striving for high utilization C)suppliers are selected primarily for speed, flexibility, and quality rather than cost and quality D)products are designed to be modular rather than to maximize performance and minimize cost E)All of the above

SCOR: A) stands for supply chain order and replenishment B) is part of the supply chain-product matrix C) specifies a framework for describing supply chain processes with associated terminology, metrics, and best practices D) Both a and b E) Both a and c

Regarding causes of system slack and principles of nature, A) the longer the time lags, the greater the uncertainty due to the trumpet of doom. B) quantity uncertainty contributes to long flowtimes and congestion due to the curse of variability C) cross-training reduces quantity uncertainty, and consequently flowtimes and congestion, due to the law of large numbers D) time lags contribute to the bullwhip effect in supply chains E) All of the above

The process-product matrix A) classifies processes according degree of cleanliness B) classifies products according to cost C) is a framework for detecting misalignment between the business strategy and the supply chain metrics/processes D) Both b and c E) All of the above

Six Sigma A) is relevant for the service sector and the manufacturing sector B) is not related to TQM C) is a quality improvement initiative that instills an attitude and expertise for reducing variability and waste and increasing consistency in outputs D) Both a and c E) Both a and b

POLCA: A) stands for production with on-line cells and automation B) is suitable for products with stable demand C) uses cards to pull work through the cells D) cards are the same as kanban cards E) cards signal that material is needed

Pitt. Challenge 2008