All other variables being equal, which of the following changes would have a beneficial effect on cash-to-cash cycle time?
A. A decrease in the value of cost of goods sold (COGS)
B. An increase in the value of inventory in the supply chain
C. An increase in the value of accounts receivable
D. An increase in the value of accounts payable
A company selling luxury goods has a global supply chain and stringent quality control at its manufacturing plant and is concerned about counterfeit products. Which of the following actions would be most appropriate?
A. Conducting a holistic review of the security of the supply chain
B. Shortening the product life cycle
C. Redesigning the distribution network
D. Accelerating the product design cycle
Which of the following operational metrics is used to determine the time required to adjust an entire supply chain to current market conditions?
A. Supply chain resiliency
B. Cash flow cycle time
C. Total lead time
D. Response time
Sales and operations planning (SandOP) is a process for:
A. coordinating planning among various departments,
B. updating the strategic business plan on a continuous basis,
C. medium-range planning that creates feedback to the marketing plan,
D. maintaining level inventory and production throughout the year.
A firm whose key performance metrics include a focus on sustainability, labor, and ethical standards in addition to financial performance is addressing which of the following principles?
A. Alignment with power position in the supply chain
B. Triple bottom line (TBL) assessment
C. Top-to-bottom linkage of measurements
D. Alignment of top business leader metrics
Which of the following factors should be considered during the implementation phase of continuous improvement?
A. Learning curve
B. Root cause analysis
C. Maintenance
D. Bottlenecks
Asking customers purchasing snack foods whether they also would like to purchase a beverage is an example of:
A. cross-selling.
B. customer service.
C. product marketing.
D. upselling.
Which of the following continuous improvement philosophies or techniques is aligned most closely with reducing variability?
A. Theory of constraints (TOC)
B. Quick response
C. Six sigma
D. Lean
A company wants to establish a warehouse to serve a new market. Which of the following warehouse ownership arrangements will provide the best combination of low cost and high operational flexibility?
A. Private
B. Public
C. Contract
D. Network
A manufacturing company produces equipment in which several subassemblies are now also required for sale as replacement parts. To satisfy both types of demand, the company should first:
A. review their part numbering and bills of material (BOMs) to identify the subassemblies differently when sold as an end-item.
B. review the production process to determine the cost to produce the subassemblies when sold as an end-item.
C. review the timing and quantity requirements for the subassemblies demand for production versus when sold as an end-item.
D. review the warehouse system to ensure that subassemblies for production can be segregated from those to be sold as an end-item.
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