Which of the following factors is a measure of supply chain reliability?
A. Order-fulfillment cycle time
B. Perfect order fulfillment rate
C. Upside supply chain flexibility
D. Downside supply chain adaptability
Using new housing construction data as a predictor of construction equipment sales is an example of what type of forecasting method?
A. Causal
B. Time series
C. Judgement
D. Market survey
Which of the following consequences is typical of a push-based supply chain?
A. Longer lead times
B. Higher product obsolescence
C. Lower economies of scale
D. Smaller production batches
An item must be added to inventory to support new business. Which of the following inputs should be considered to determine minimum inventory level?
A. Consumption rate
B. Qualified supplier
C. ABC classification
D. Number of sales transactions
Which of the following measures of a supply chain performance is most desirable from a stockholder perspective?
A. Diversity of sales channels
B. Lean manufacturing performance
C. Time to market of new products
D. Velocity and return on assets (ROA)
A company faces highly unpredictable demand for an end item. Which of the following production methods would work best for meeting customer demand within a reasonable lead time?
A. Engineer-to-order (ETO)
B. Make-to-order (MTO)
C. Assemble-to-order (ATO)
D. Make-to-stock (MTS)
One of the key benefits of adopting a lean supply chain philosophy is the reduction of inventories that allow:
A. decreased obsolescence.
B. freeing up working capital for investment.
C. reduced material handling surcharges.
D. lower transaction costs.
Transforming company policies into objectives and specific goals creates a:
A. performance standard.
B. organizational benchmark.
C. supply chain metric.
D. balanced scorecard.
A well-grounded program in which a company focuses on customer success involves:
A. a thorough understanding of individual customers' requirements.
B. a commitment to focus on short-term business relationships.
C. a focus on relationships having high profitability and low potential for growth.
D. making similar commitments to customers in order to maintain lasting relationships.
Effective data acquisition for supply chain management requires:
A. establishment of market standards for forecasting accuracy.
B. establishment of a six-segment matrix classifying function and innovation.
C. identification of products that have market predictability.
D. identification of the proper supply chain profile for the product type.
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