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Exam 11: Supply Chain Management

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Question 1

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As the number of facilities increases,total logistics costs tend to follow a curve that first rises,then declines.

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Question 2

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Local optimization is a supply-chain complication best described as:

A) optimizing one's local area without full knowledge of supply chain needs.
B) obtaining very high production efficiency in a decentralized supply chain.
C) the prerequisite of global optimization.
D) the result of supply chains built on suppliers with compatible corporate cultures.
E) the opposite of the bullwhip effect.

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Question 3

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Identify the ten opportunities in managing the integrated supply chain.

The transfer of some of what are traditional internal activities and resources of a firm to outside vendors is:

A furniture maker has delivered a dining set directly to the end consumer rather than to the furniture store.The furniture maker is practicing which of the following?

Which of the following best describes vertical integration?

Once revenue and total logistics costs are considered together,the optimal number of facilities in a distribution network may decrease compared to the optimal number of facilities based on total logistics costs only.

Local optimization,incentives,and large lots all contribute to ________ about what is really occurring in the supply chain.

The supply chain management opportunity called postponement involves delaying deliveries to avoid accumulation of inventory at the customer's site.

Why is channel assembly popular in the personal computer industry?

Which of the following is an advantage of the postponement technique?

Among which of the following industries are purchasing costs the LOWEST percentage of sales?

Logistics management can provide a competitive advantage through improved customer service.

Vertical integration,whether forward or backward,requires the firm to become more specialized.

Identify and describe briefly the six sourcing strategies.

A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors.This is an example of which of the following?

Consider a firm with an annual net income of $20 million,revenue of $60 million and cost of goods sold of $25 million.If the balance sheet amounts show $2 million of inventory and $500,000 of property,plant & equipment,what is the inventory turnover?

________ is an approach that seeks efficiency of operations through the integration of all material acquisition,movement,and storage activities.

The objective of the make-or-buy decision is to help identify the products and services that can be obtained externally.

Which of the following describes using one supplier for a component and a second supplier for another component,where each supplier acts as a backup for the other?