A company's market is characterized be frequently changing product demand and pressure for short lead times. The company also faces intense competition. To enhance its competitiveness, the company should stress which of the following strategies?
A. Increase the labor force
B. Increase work-in-process (WIP) inventory
C. Reduce cycle times
D. Match competitors' prices
Which type of purchase is best suited for single sourcing with a preferred supplier to reduce supply chain risk?
A. Strategic
B. Routine
C. Bottleneck
D. Leverage
Which of the following distribution strategies is characterized by items flowing through a warehouse in an almost continuous manner?
A. Cross-docking
B. Direct shipment
C. Multilevel
D. One-piece flow
Which of the following supply chain fulfillment strategies is more commonly associated with e-commerce enabled supply chains?
A. Push system
B. Parcel shipments
C. Small number of niche customers
D. Fewer reverse logistics activities
Which of the following considerations are essential to a company's advanced supply chain strategy that utilizes cloud computing?
A. Understanding the history and evolution of supply chain technologies
B. Understanding the complexity of information services configuration
C. Understanding the content and scope of a company's cloud implementation
D. Understanding the product offering of local and global internet service providers (ISPs)
A firm has identified key benefits for developing a strategic alliance and has selected appropriate supply chain partners. Which of the following actions should the firm take to build a successful alliance with a supplier who is also a competitor?
A. Establish processes to control shared information.
B. Negotiate contracts that maximize the firm's profits.
C. Instruct employees to ignore the competitive aspect of the relationship.
D. Analyze market for competitive advantage.
A company has a single manufacturing facility. It distributes the products through retail stores located in various regions. Which of the following distribution strategies will minimize the company's warehousing costs?
A. Utilizing third-party logistics (3PL) providers
B. Pooling inventory in regional warehouses shipping to multiple retail
C. Shipping directly from the manufacturing facility to retail locations
D. Cross-docking at regional warehouses shipping to multiple retail stores
Production of a company's highest profit items is dependent upon the purchase of high-quality circuit boards. Which level of collaboration should the company develop with their supplier?
A. Pull replenishment
B. Strategic partnership
C. Revenue sharing
D. Vendor-managed inventory (VMI)
Which of the following factors typically is most important to a company that uses the chase production strategy when evaluating potential suppliers for a component?
A. Supplier's agility
B. Supplier's certification status
C. Quoted delivery time
D. Quoted total price
Using financial tools to minimize the impact of currency fluctuations is an example of what type of risk management strategy?
A. Mitigation
B. Recovery
C. Prevention
D. Diversification
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