Which of the following statements is not true about efficient supply chains? a. Lower cost through high utilization b. The primary goals is to supply demand at the lowest cost c. Suppliers are selected based on cost and quality. d. Maintain capacity/flexibility to buffer against demand/supply uncertainty
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Which of the following statements is not true about efficient supply chains?
a. Lower cost through high utilization
b. The primary goals is to supply demand at the lowest cost
c. Suppliers are selected based on cost and quality.
d. Maintain capacity/flexibility to buffer against demand/supply uncertainty.
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- When all the different stages of a supply chain work toward the objective of maximizing total supply chain profitability, rather than each stage devoting itself to its own profitability without considering total supply chain profit, it is known as Select one: revenue management. supply chain coordination. forecasting. aggregate planning.No written by hand solution The questions below refer to the following SAME paragraph: Suppose a retailer Mojo, holds safety stock for an item to accommodate a 98% service level with uncertain demand. There are two supply options: Supplier X taking 5 days to deliver replenishments, and Supplier Y taking 3 days to replenish. Both suppliers charge the same price for the item. Ignoring differences in fixed order costs, the retailer should choose: Group of answer choices Supplier X Option Y only if the critical ratio is less than 0.9 Option X only if the critical ratio is greater than 0.9 Supplier YWhich of the following is NOT an objective of sales and operations planning? Establish greater accountability for individual plans developed by the various functional groups. Coordinate supply chain partners. Develop a maximum cost strategy for effectively meeting demands. Establish communication among various stakeholders, including finance, marketing, production, and suppliers.
- Which of the following is not a strategy for managing demand? Select one: A) Shifting demand into other time periods with incentives, sales promotions and advertising campaigns. B) All of the choices C) None of the choices D) Offering products or services with counter-cyclical demand patterns. E) Increasing inventories and laying off workers when demand is low.Relation service and finance with the organizational efficiency Evaluation between supply chain processes and strategy (value added) = organizational efficiencyIn In practice, sourcing integrates the strategic and operative decision making levels and coordinates supply strategy, procurement and purchasing activities. Select one: a. False b. True
- In each of the following, name the term defined. Answersare listed at the bottom. A supply chain that must deal with high levels of both supply and demand uncertainty. In order to cope with high levels of supply uncertainty, a firm would use this strategy to reduce risk. Used to describe functions related to the flow of material in a supply chain. When a firm works with suppliers to look for opportunities to save money and benefit the environment. Refers to an estimate of the cost of an item that includes all costs related to the procurement and use of an item, including the costs of disposing of after its useful life.One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 400,000 parts in one year1. 500,000 in year 2; 700,000 in year 3. shipping and handling of parts from the supplier’s factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.006 per unit. Finally, administrative costs are estimated at $30 per month. Although your plant can continue producing the part, the plant would need to invest in another molding machine, which would cost $20,000. Direct materials can be purchased for $0.06 per unit. Direct labor is estimated at $0.05 per unit plus a 50% surcharge for benefits and, indirect labor is estimated at $0.008 per unit plus 50% benefit. Up-front engineering and design costs will amount to $40,000. Finally, management has insisted that overhead be allocated if the parts are made in-house at a rate of 100%…QUESITON 26 Calculate the percentage of assets committed to inventory, where Panda lnc has $44,000,000 in total assets and 11,400,000 of inventory. QUESITON 27 Supply chain management is ... A.a set of procedures connecting suppliers to customers B.Design, operation and improvement of productive systems C.A sequence of activities across organizations that are involved in producing and delivering a product or service D.a series of activities from suppliers to customers that add value to a product or service QUESITON 28 SCOR stands for A.Supply Chain Operations Reference model B.Supply Chain Operations Resilience C.Supply Chain Organsational Resources D.
- 1.Which of the following pertains to an efficient supply chain? A)It deals with innovative products B)The product life cycle will be short C)It is worthwhile to invest in good forecasting systems D)All of the above 2.Which of the following costs do not come under inventory carrying cost calculation? A)Investment in a software for updating stock position online B)Investment in stores space C)Salaries of procurement personnel D)Cost of maintaining the inventory stocks 3.Which of the following will have lesser bullwhip effect in a supply chain? A)Supply Chain co-ordination B)Opening more stocking points closer to the point of consumption C)Empowering the lower echelons of the inventory to take decisions on fulfilling the demand D)All of the aboveAverage order fulfillment cycle time would be an example of a SCOR model metric for which performance attribute? A. Supply chain costs B. Supply chain responsiveness C. Supply chain reliability D. Supply chain agilityThe bullwhip effect is used to describe how relatively small fluctuations in the market can cause increasing volatility further back in the chain. What is the main driver of this phenomenon O a. The creating of partnership relationships in the supply chain b. Collaborative Planning Forecasting and Replenishment (CPFR) C. Introduction of information systems linking all parts of the supply chain Od. The desire by the different links in the chain to manage their production rates and inventory levels sensibly.