Average inventory
A) increases if a promotion is run during the peak period.
B) increases if a promotion is run during the off-peak period.
C) decreases if a promotion is run during the peak period.
D) decreases if a promotion is run during the off-peak period.
Revenue managementis
A) the use of marketing tools to increase revenue.
B) the use of pricing to increase the profit generated from a limited supply of supply
chain assets.
C) a process designed to determine the best use of funds generated through sales.
D) the use of accounting tools to monitor cash flow.
What is the type of this network design?
A) Dedicated network
B) Fully flexible network
C) Chained network with one long chain
D) Chained network with two long chains
In the context of greenhouse gas emission, the GHG protocol initiative defines three
levels of scope. The following scope is referred to as direct emissions.
A) This scope refers to emissions from GHG sources that are owned or controlled by
the reporting entity.
B) This scope refers to indirect emissions from grid-sourced electricity and other utility
services of heat, steam and cooling.
C) This scope refers to the inclusion of other indirect emissions coming from sources
such as the production of purchased materials, outsourced activities, contractor owned
vehicles, waste disposal, and employee business travel.
D) This scope refers to the corporate responsibility for direct discharging of emissions
into public water systems.
________ is a cost factor performance characteristic of Retail Storage at Consumer
Pickup Sites that is higher than all other options.
A) Transportation
B) Inventory
C) Information
D) Facilities and Handling
Total logistics costs for a supply chain network are a sum of
A) inventory and facility costs.
B) inventory, facility, and distributor costs.
C) facility, transportation, and distributor costs.
D) inventory, transportation, and facility costs.
Coordination requires every stage of the supply chain to focus on
A) the functional revenues for each supply chain member.
B) the functional profits for each supply chain member.
C) the functional costs for each supply chain member.
D) supply chain surplus.
The ________ is the party that requires the movement of the product between two
points in the supply chain.
A) carrier
B) producer
C) shipper
D) consumer
The student chapter of the Association of Information technology Professionals (AITP)
notices the success that the APICS student chapter has with their traditional barbecue
sauce fundraiser. Blinded by their jealousy, the club officers decide to sell a competing
product, clocks made out of junk computer parts that the club sponsor whips up in his
garage. Club officers set up a card table in the atrium of the business building and take
turns staffing it for the duration of the computer clock season, which is four months.
Twenty-five years of experience have revealed that demand varies depending on the
month of the season. Customer demand in the first month can be described as 20-p1, in
the second month as 20-1.4p2, in the third month 20-1.8p3, and in the fourth month
20-2.2p4.
The components needed to produce a computer clock cost twenty-five cents. What
should the price of the computer clocks be in the third month of the selling season?
A) $14.52
B) $10.13
C) $7.27
D) $5.68
The bullwhip effect decreases
A) product availability.
B) manufacturing cost.
C) replenishment lead time.
D) transportation cost.
Managers can improve coordination within the supply chain by
A) holding product in inventory but off official inventory records.
B) listing product in inventory without actually holding the physical goods.
C) aligning goals and incentives.
D) decreasing product visibility.
Mature products with stable demand
A) are usually easiest to forecast.
B) are usually hardest to forecast.
C) cannot be forecast.
D) do not need to be forecast.
The time horizon of the operation phase is typically
A) quarterly or yearly.
B) weekly or daily.
C) monthly or quarterly.
D) over the next several years.
The level of product availability
A) is also referred to as the customer service level.
B) is an important component of any supply chain’s responsiveness.
C) increases revenues for the supply chain by increasing sales.
D) Only A and B are true.
Which of the following statements about push processes is accurate?
A) They may also be referred to as speculative processes.
B) Execution is initiated in response to customer orders.
C) At the time of execution, demand is known with certainty.
D) They may also be referred to as reactive processes.
When either the supply of raw materials or the demand for the finished product is
highly variable, forecasting and the accompanying managerial decisions
A) are extremely simple.
B) are relatively straightforward.
C) are extremely difficult.
D) should not be attempted.
Which distribution network design is similar to pure drop-shipping, except that pieces
of the order coming from different locations are combined so that the customer gets a
single delivery?
A) Manufacturer storage with direct shipping
B) Manufacturer storage with direct shipping and in-transit merge
C) Distributor storage with package carrier delivery
D) Distributor storage with manufacturer pickup