Sample_quiz1_solutions

Sample_quiz1_solutions - OEM 2009 ESI 6323Models for Supply...

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OEM 2009 ESI 6323—Models for Supply Chain Management Summer 2008 Quiz 1 Sample questions with solutions Name: ________________________________________ 1
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1. Supply chain profitability is a. not correlated to the value generated by the various stages of the supply chain. b. the total profit to be shared across all supply chain stages. c. the difference between the revenue generated from the customer and the overall cost across the supply chain. d. the total revenue generated by the distributor stage of the supply chain. e. b and c only Answer: e 2. The cycle view of a supply chain holds that a. the processes in a supply chain are divided into 2 categories. b. the processes in a supply chain are divided into a series of activities performed at the interface between successive stages. c. all processes in a supply chain are initiated in response to a customer order. d. all processes in a supply chain are performed in anticipation of customer orders. e. None of the above are true. Answer: b 3. The push/pull view of a supply chain holds that a. the processes in a supply chain are divided into a series of activities performed at the interface between successive stages. b. all processes in a supply chain are initiated in response to a customer order. c. all response in a supply chain are performed in anticipation of customer orders. d. the processes in a supply chain are divided into 2 categories depending on whether they are initiated in response to or in anticipation of customer orders. e. None of the above are true. Answer: d 4. A company’s supply chain strategy a. defines the set of customer needs that it seeks to satisfy through its products and services. b. specifies the portfolio of new products that it will try to develop. c. specifies how the market will be segmented and how the product will be positioned, priced, and promoted. d. determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product. e. determines how it will obtain and maintain the appropriate set of skills and abilities to meet customer needs. Answer: d 5. Excess capacity a. allows a facility to be very flexible and to respond to wide swings in the demands placed on it. b. costs money and therefore can decrease efficiency. c. requires proximity to customers and the rest of the network. d. both a and b e. all of the above Answer: d 2
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6. Which of the following would be a characteristic of a facility with little excess capacity? a. allows a facility to be very flexible and to respond to wide swings in the demands placed on it b. costs money and therefore can decrease efficiency c. requires proximity to customers and the rest of the network d. will likely be more efficient per unit of product it produces e. none of the above Answer: d 7. The following warehousing methodology is one in which goods are not actually warehoused in a facility. Instead, trucks from suppliers, each carrying a different type of product, deliver goods to a facility. There the inventory is broken into
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Sample_quiz1_solutions - OEM 2009 ESI 6323Models for Supply...

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