An objective of global supply chain management is to:
A. build a chain of suppliers who will increase value to the customer.
B. minimize inventory at each level in the supply chain.
C. invest aggressively to reduce production lead times.
D. shorten resupply time while maintaining costs and flexibility.
Which of the following supplier actions is most likely to provide an incentive for retailers to share demand data with their trading partners?
A. Implementing vendor-managed inventory (VMI) at the retailers
B. Executing capacity-reservation contracts with the retailers
C. Including a requirement in the supply contract
D. Developing demand-sharing software for the retailers
If the manufacture of a product requires specialized knowledge and capabilities, the company should:
A. see no difference whether it makes or buys the product.
B. consider outsourcing as an option for product production.
C. definitely outsource product production.
D. retain internal product production.
Measurement of service to the customer should consider which of the following strategic priorities?
A. Cash flow
B. Responsiveness
C. Order cycle time
D. Forecast accuracy
A company analyzed the results of a failed first-production sample lot for a new product and determined that there was a lack of understanding of the specifications of the base material. This failure will delay the introduction of the product for 3 months. The company most likely could have prevented failure of the first-production sample by:
A. using the sequential engineering development process.
B. involving the manufacturer of the material early in the design process.
C. manufacturing the sample in the engineering development laboratory.
D. buying the part complete from a supplier.
Risk pooling is a concept that suggests:
A. demand variability is increased if demand is disaggregated across locations.
B. demand variability is reduced if demand is disaggregated across locations.
C. demand variability is increased if demand is aggregated across locations.
D. demand variability is reduced if demand is aggregated across locations.
A company analyzed the results of a failed first-production sample lot for a new product and determined that there was a lack of understanding of the specifications of the base material. This failure will delay the introduction of the product for 3 months. The company most likely could have prevented failure of the first-production sample by:
A. using the sequential engineering development process.
B. involving the manufacturer of the material early in the design process.
C. manufacturing the sample in the engineering development laboratory.
D. buying the part complete from a supplier.
A North American manufacturer of consumer goods expands its market to include Europe. Customization currently is done in the North American manufacturing facility. Which of the following new processes should the manufacturer use to eliminate inventory imbalances of customized products?
A. Mixing
B. Postponement
C. Stockpiling
D. Spot stocking
In order to be able to fulfill increasing market demand, a company is considering adding warehouses rather than increasing the capacity of existing warehouses. If the warehouses are added, the network costs most likely will:
A. be unchanged.
B. increase.
C. decrease.
D. increase initially and then decrease.
Communication within the supply chain enables risk reduction by:
A. maximizing product family bullwhip effect.
B. shrinking cycle times and synchronizing logistics.
C. implementing supply chain event management (SCEM).
D. recognizing and responding to demand changes.
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