- All Exams Instant Download
The primary objective of supply chain management is:
The primary objective of supply chain management is:A . minimizing transportation costs. B. reducing inventory levels. C. taking a systems approach. D. implementing advanced technologies.View AnswerAnswer: C
This difference most likely will have implications for which of the following types of future decisions?
A manufacturer uses standard costing, and a potential supplier uses activity-based costing. This difference most likely will have implications for which of the following types of future decisions?A . Price concessions B. Make-or-buy C. Distribution warehouse locations D. Freight termsView AnswerAnswer: B
This is an example of utilizing which of the following types of metrics?
A firm is undertaking a revision of its financial metrics to make them more comprehensive and has decided to use metrics such as return on investment (ROI), return on assets (ROA), and economic value added (EVA). This is an example of utilizing which of the following types of metrics?A ....
An effective procurement strategy for commodity products should focus on:
An effective procurement strategy for commodity products should focus on:A . driving down cost and reducing risk. B. spreading purchases equally across suppliers. C. selecting primary and alternate sources. D. selecting suppliers with value-added products.View AnswerAnswer: A
Risk pooling enables a lower total inventory level without affecting service levels based on which of the following assumptions?
Risk pooling enables a lower total inventory level without affecting service levels based on which of the following assumptions?A . Inventory turnover ratio can be reduced. B. Aggregate demand is more accurate than disaggregate demand. C. The planning time fence can be adjusted as needed. D. The supplier shares some...
Which of the following approaches would be most appropriate?
A manufacturer of plastic components that are sold either directly or through distributors wants to identify the requirements of the end customers for each market segment. Which of the following approaches would be most appropriate?A . Analyzing the buying history for each of the market segments B. Asking the manufacturer's...
Which of the following actions is most appropriate?
A company's supply chain depends heavily on sourcing from international suppliers. Conditions increasingly threaten supply continuity. Which of the following actions is most appropriate?A . Source from domestic suppliers. B. Conduct a risk assessment. C. Carry additional safety stock. D. Spread logistics across multiple carriers.View AnswerAnswer: B
Which of the following phrases most accurately describes the complete flow of demand information?
The question below is based on the following flowchart: Which of the following phrases most accurately describes the complete flow of demand information?A . From supplier to customer B. From customer to manufacturer C. From customer to supplier D. From supplier to manufacturerView AnswerAnswer: C
A firm wants to lose customers that don't value the unique products and services the firm offers and to attract and retain customers that want what the firm offers.
A firm wants to lose customers that don't value the unique products and services the firm offers and to attract and retain customers that want what the firm offers. Engaging in this activity should allow the firm to:A . create a more loyal customer base. B. improve customer satisfaction rates....
An advantage of using a third-party logistics service (3PL) is improved:
An advantage of using a third-party logistics service (3PL) is improved:A . on-time delivery of shipments due to higher inventory levels. B. cost structure due to economies of scale. C. access to smaller markets due to localization. D. risk visibility due to inventory consolidation.View AnswerAnswer: B
