A lack of which of the following elements is most likely to impede the implementation of a demand management system?
A. Previous period actual demand versus forecasted demand
B. Physical distance between trading partners
C. An effective sales and operations planning (SandOP) process
D. Inadequate company vision statement
Which of the following processes is included in reverse logistics?
A. Designing a new product out of recycled material
B. Restoring a worn-out product to like-new condition
C. Reducing the amount of packaging material in a product
D. Creating a more durable packaging design for multiple transports
Which of the following riderless material handling systems can be characterized by movement along the floor using optical, magnetic, or wireless control?
A. Automated storage/retrieval system (AS/RS)
B. Automated guided vehicle system (AGVS)
C. Robotics
D. Sortation
The primary reason for a firm to pursue strategic supply chain activities is to:
A. gain competitive advantage.
B. reduce total cost of ownership (TCO).
C. decrease inventory.
D. increase product life cycles.
A company is evaluating a potential supplier for a strategic, long-term relationship. Which of the following metrics would be the best indicator to assess the supplier's fiscal health and therefore predict potential bankruptcy?
A. Quick ratio
B. Aggregate inventory turnover
C. Financial Z-Score
D. Days of supply
The most stringent measurement of fill rate to support product availability is:
A. item.
B. line.
C. value.
D. order.
A firm usually buys one month of requirements at a time but has decided to buy two months of requirements for a certain product to take advantage of an order quantity discount. The firm most likely made this decision because:
A. transportation costs will decrease since the firm is buying less often.
B. the firm would like to spend less time on placing orders.
C. it has determined that the price savings are greater than the extra holding cost.
D. the firm wants to improve its inventory turns.
Goods can enter a country, undergo further modification, and then be exported without paying customs duties via which of the following designations?
A. Bonded warehouse
B. Trading bloc
C. Free trade zone (FTZ)
D. Frozen zone
Which of the following transportation modes has the highest fixed cost and the lowest variable cost structure?
A. Rail
B. Truck
C. Air
D. Pipeline
Which of the following descriptions applies to the financial balance sheet for a firm?
A. It reflects the financial position of a firm at a specific point in time.
B. It reflects the cash flow over a specified period of time.
C. It provides details on the changes to equity.
D. It provides details pertaining to the financial success of operations.
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