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7 Quiz Supply chain
Question 1
1 out of 1 points A responsive supply chain typically has: Answer Selected Answer: supply chain partners that emphasize volume flexibility. Correct Answer: supply chain partners that emphasize volume flexibility.
Question 2
1 out of 1 points Which one of the following statements about the relation between financial and supply-chain performance measures is TRUE? Answer Selected Answer: Longer delivery times require higher levels of working capital. Correct Answer: Longer delivery times require higher levels of working capital.
Question 3
1 out of 1 points Which of the following is not a lever for reducing cycle inventories? Answer Selected Answer:
place purchased item orders at fixed intervals Correct Answer: place purchased item orders at fixed intervals
Question 4
1 out of 1 points Shipments of Product A from a distribution center to a retailer are made in lots of 350. The retailer's average demand for A is 75 units per week. Lead time from distributor to retailer is 3 weeks. The retailer pays for the shipments when they leave the distributor. The distributor has agreed to reduce the lead time to 2 weeks if the retailer will purchase quantities of 400 per shipment instead of 350. With the change in purchased quantities, the average cycle inventory will: Answer Selected Answer: Increase by 25 units. Correct Answer:
Increase by 25 units.
Question 5
1 out of 1 points Which of the following is not identified in the text a as competitive advantage of a mass customization strategy? Answer Selected Answer: improvement of the quality of parts produced Correct Answer: improvement of the quality of parts produced
Question 6
1 out of 1 points Padco averages $15 million worth of inventory in all of its worldwide locations. They operate 51 weeks a year and each week average $3 million in sales (at cost). Their inventory turnover is: Answer Selected Answer: 10.2 turns. Correct Answer: 10.2 turns.
Question 7
1 out of 1 points A firm may choose to use members of the distribution channel as if they were assembly stations in the factory. Such an approach is known as: Answer Selected Answer: channel assembly. Correct Answer: channel assembly.
Question 8
1 out of 1 points An efficient supply chain should be preferred when: Answer Selected Answer: demand is highly predictable. Correct Answer: demand is highly predictable.
Question 9
1 out of 1 points A somewhat successful computer manufacturer makes a generic computer in five
exciting colors. Once orders are received, the computer guts are encased in the customer's choice of colored case at the factory. This approach to production is known as: Answer Selected Answer: postponement. Correct Answer: postponement.
Question 10
1 out of 1 points Which of the following is not a benefit of outsourcing? Answer Selected Answer: technology transfer to another country or company Correct Answer: technology transfer to another country or company

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