Which of the following risks poses the greatest threat for a make-to-order (MTO) company with a make-to-stock (MTS) supplier?
A. Inventory risk for the company
B. Inventory risk for the supplier
C. Debt leverage risk for the company
D. Debt leverage risk for the supplier
Which of the following applications would be the most appropriate use of the ISO 31000 - Risk Management - Principles and Guidelines?
A. Defining contract terms and conditions
B. Integrating resiliency into the company strategy
C. Evaluating potential suppliers of critical items
D. Identifying stable regions for production operations
What is the primary advantage of a blanket purchase order when compared to a standard purchase order?
A. Lower administrative costs
B. Higher order accuracy
C. Lower safety stock
D. Faster cash-to-cash cycle time
Adopting a corporate strategy of increasing flexibility to meet unexpected demand requires a company to:
A. increase safety stock and reduce reserve capacity.
B. increase safety stock and maintain reserve capacity.
C. decrease safety stock and maintain reserve capacity.
D. decrease safety stock and reduce reserve capacity.
Which of the following situations is an example of a process risk?
A. Supplier quality
B. Forecast error
C. Counterfeit material
D. Human error
Which of the following supply chain actions is consistent with the United Nations (UN) Global Compact?
A. Developing talent in emerging markets
B. Collaborative planning, forecasting, and replenishment (CPFR)
C. Promoting greater environmental responsibility
D. Customs-Trade Partnership Against Terrorism (C-TPAT)
Compared to a traditional partnership process, the most difficult step in developing a collaborative demand planning process between manufacturer and supplier is:
A. choosing a forecast model.
B. sharing demand histories.
C. agreeing to exception thresholds.
D. aligning management objectives.
A company plans to benchmark its shipping reliability compared to other companies in the industry. Which measurement is most appropriate to benchmark in this case?
A. Perfect order fulfillment
B. Upside supply chain flexibility
C. Order fulfillment cycle time
D. Total inventory days of supply
Which of the following tools can best aid effective supplier relationship management (SRM)?
A. Material requirements planning (MRP) regeneration
B. Radio frequency identification (RFID) technology
C. Data mining
D. Electronic data interchange (EDI)
A firm supplies products using three strategies: make-to-order (MTO), make-to-stock (MTS), and assemble-to-order (ATO). The manufacturing facility frequently makes last-minute production schedule changes in an attempt to meet customer orders. Which of the following policies should the firm Implement to reduce the number of production schedule changes?
A. Sales and operations planning (SandOP)
B. Time-phased order points (TPOPs)
C. Capacity requirements planning (CRP)
D. Demand time fences (DTFs)
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