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Exam 21: Supply Chain Management

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Question 41

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Creating an effective supply chain requires linking the marketing, distribution, and supplier channels.

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Question 42

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Which of the following is a principle required for ethical behavior in purchasing? (I) loyalty to employer (II) justice to those you deal with (III) faith in your profession

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

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Question 43

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Logistics includes all of these except:

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

Managing supply chain visibility involves making sure that potential supply chain partners are aware of your organization's needs.

Vendor analysis has the greatest potential for savings for items which have:

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.

Which of the following is not a benefit of centralized purchasing?

Price is the primary determining factor in choosing a vendor since most products are essentially the same.

Traffic management refers to truck movement within our parking areas.

Which of the following is not a goal of supply chain management?

Using third-party fulfillment means losing control of fulfillment.

Using third-party logistics involves using your organization's logistics function to ship to customers that are not officially part of the supply chain.

Inventory velocity refers to the average speed (in miles/hour) of material handling equipment in a warehouse.

The importance of purchasing relates only to the cost of parts and materials purchased, which is often 60 percent or more of the cost of finished goods.

The purchasing perspective of the supplier as a partner is characterized by:

Which of the following is not a benefit of RFID?

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.

E-commerce involves business-to-business (B2B) interaction only.

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