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Companies should work with downstream partners to produce forecasts and with
upstream partners to determine constraints when doing aggregate planning.
Having multiple sources ensures a degree of competition and also the possibility of a
backup, should a source fail to deliver.
The goal of procurement is to enable orders to be placed and delivered on schedule at
the lowest possible price.
Ultimately, a proper understanding of customer preferences and a quantification of the
impact of various tactics on consumer behavior are at the core of successful revenue
management.
Transportation plays a key role in every supply chain because products are usually
produced and consumed in the same location.
Tying allocation to past sales removes any incentive a retailer may have to inflate
orders, as a result dampening the bullwhip effect.
What is an explanation offered for why firms have not historically tracked stockouts
very well?
A) There is no agreed upon definition of stockouts.
B) There is no way to track stockouts.
C) Stockouts occur after the fact.
D) Stockouts are difficult to track.
The key weakness of the ________ view is that different functions within a firm may
have conflicting objectives.
A) Intrafunctional scope
B) Intraoperation scope
C) Interfunctional scope
D) Intercompany scope
What is the descriptive term for demand that occurs not in a steady stream of single
units but in periodic large lots?
A) Batch
B) Bulky
C) Lumpy
D) Polled
The level of product availability, also referred to as the ________, is one of the primary
measures of a supply chain's responsiveness.
A) no stock out level
B) reliability level
C) customer service level
D) logistics measure
The market for carbon allowances
A) does not exist in a hybrid cap and trade system.
B) is a key element of a carbon tax system.
C) can result in a heavier polluter buying allowances from a company with lower
carbon output.
D) is set by the regulatory authority.
The ability of the customer to track their order from placement to delivery is
A) customer experience.
B) order visibility.
C) product availability.
D) response time.
The production scheduling process in the manufacturing cycle is similar to the
A) order receiving process in the replenishment cycle.
B) order fulfillment process in the replenishment cycle.
C) order entry process in the replenishment cycle.
D) order trigger process in the replenishment cycle.
________ tend to be significant consumers of energy and water and emitters of waste
and greenhouse gases and thus offer significant opportunities for profitable
improvement.
A) Employees
B) Production processes
C) Facilities
D) Vehicles
The operational parameter concerned with the number of workers/units of capacity
needed for production is
A) production rate.
B) workforce.
C) overtime.
D) backlog.
Uncertainty of demand and price
A) drives the value of building flexible production capacity at a plant.
B) eliminates the value of building flexible production capacity at a plant.
C) facilitates the value of building flexible production capacity at a plant.
D) has no effect on the value of building flexible production capacity at a plant.
Explain the basic, six-step approach to help an organization perform effective
forecasting.
Explain why supply chain flows are important.
The XYZ Company has an assembly plant in Cincinnati and its parts plant in
Indianapolis. Parts are transported from Indianapolis to Cincinnati using trucks. Each
shipment costs $100. The Cincinnati plant assembles and sells 300 finished products
each day and operates 50 weeks a year. Part #456 costs $50 and XYZ Company incurs a
holding cost of 20 percent per year. How many of part #456 should XYZ Company put
in each shipment? What is the cycle inventory of part #456 at XYZ Company?
Explain how supply chain network design decisions are classified.
Explain scope of strategic fit.
Describe the approaches a manager can use to reduce demand uncertainty.
What trade-offs do managers need to consider when making transportation decisions?
Describe the impact of behavioral obstacles on supply chain coordination.
