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Vendor-Managed Inventory is a form of outsourcing.

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McDonald's was able to utilize existing plants and transportation systems in preparing the supply chain for opening its stores in Moscow.

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When Daimler and BMW pooled resources to develop standardized auto components the supply-chain strategy could best be described by


A) keiretsu
B) virtual companies
C) joint venture
D) vertical integration
E) few suppliers

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Outsourcing


A) transfers traditional internal activities to outside vendors
B) utilizes the efficiency which comes with specialization
C) lets the outsourcing firm focus on its key success factors
D) None of the above are true of outsourcing.
E) All of the above are true of outsourcing.

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One classic type of negotiation strategy is the market-based price model.

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A restaurant runs a special promotion on lobster and plans to sell twice as many lobsters as usual. When this large order is sent to the distributer, the distributer assumes the large size is a trend, not a one-time event. The distributer therefore places an even larger order with the lobsterman. This is the result of


A) double marginalization
B) the bullwhip effect
C) CPFR
D) a pass-through facility
E) vendor-managed inventory

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Because service firms do not acquire goods and services externally, their supply-chain management issues are insignificant.

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Identify three specific measures that indicate how well assets are utilized. What are the formulas for each measure?

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Percent invested in inventory = (Total i...

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Which of the following is not a concern of the supply chain?


A) warehousing and inventory levels
B) credit and cash transfers
C) suppliers
D) distributors and banks
E) maintenance scheduling

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Which of the following best describes vertical integration?


A) to sell products to a supplier or a distributor
B) to develop the ability to produce products which complement the original product
C) to produce goods or services previously purchased
D) to develop the ability to produce the specified good more efficiently than before
E) to build long-term partnerships with a few suppliers

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The "bullwhip" effect


A) occurs as orders are relayed from retailers to wholesalers
B) results in increasing fluctuations at each step of the sequence
C) increases the costs associated with inventory in the supply chain
D) occurs because of distortions in information in the supply chain
E) all of the above

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What is e-procurement?

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Purchasing...

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The bullwhip effect refers to the increasing fluctuations in orders that often occur as orders move through the supply chain.

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A shipment of parts valued at $75,000 needs to be shipped from Tampa, FL, to Chicago, IL. They could be shipped by rail, taking 15 days at a cost of $1,575, or by truck, taking 4 days at a cost of $2,640. The annual holding cost rate for this type of item has been estimated at 22%. What option is more economical?

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Daily cost of holding the item is .22(75...

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__________ involves reducing the number of variations in materials and components as an aid to cost management.

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Bar code and radio frequency technology, like that used to track UPS or FedEx packages on their global journeys, can also be used to track objects within the boundaries of a warehouse or shop.

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What term is used to describe the outsourcing of logistics?


A) E-Logistics
B) Shipper Managed Inventory (SMI)
C) Hollow Logistics
D) Sub-Logistics
E) Third-Party Logistics

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Japanese manufacturers often take a middle ground between purchasing from a few suppliers and vertical integration. This approach is


A) kanban
B) keiretsu
C) samurai
D) poka-yoke
E) kaizen

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Of the three stages of vendor selection, the stage at which criteria, weights, and scores allow a numeric comparison is __________.

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Identify the reasons for buying in the make-or-buy decision.

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The reasons for buying in the make-or-bu...

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