A manufacturer has direct relationships with its tier 1 suppliers. Which of the following supplier capabilities is a benefit to the manufacturer establishing a direct relationship with lower-tier suppliers?
A. Provides smaller lot sizes
B. Provides components with short lead times
C. Provides Just in Time deliveries
D. Provides information about impending shifts in the economy
A company has recently implemented a vendor-managed inventory (VMI) program with several key suppliers but quality issues are disrupting production. Which of the following actions would be more effective in dealing with these issues?
A. Tighten the quality tolerances
B. Implement a supplier certification program
C. Implement quality inspection at the receiving dock
D. Charge back to the supplier the rework and scrap costs
The primary advantage of a centralized system with few locations compared to a decentralized system with many locations is that:
A. lead time to customers is shorter.
B. on-time shipment delivery is higher.
C. total inventory levels are lower.
D. cost of transportation from producers is lower.
A firm has determined its cash-to-cash cycle time to be 60 days. The number of days' payables outstanding is 25, and number of days' sales outstanding is 35. If the firm reduces its inventory by 20%, the new cash-to-cash cycle time, in days, will be approximately:
A. 48.
B. 50.
C. 60.
D. 88.
Which of the following actions typically is most important when building a collaborative supply chain?
A. Investing sufficient capital
B. Building mutual trust
C. Integrating information systems
D. Developing a common culture
Which of the following manufacturing strategies would run the greatest risk of increasing obsolete inventory costs?
A. Make-to-stock
B. Assemble-to-order
C. Make-to-order
D. Engineer-to-order
Which of the following actions is most likely to improve the cash-to-cash cycle time?
A. Find suppliers with lower total cost of ownership (TCO)
B. Implement vendor-managed inventory (VMI) with key suppliers
C. Implement vendor-managed inventory (VMI) with key customers
D. Establish targeted promotions for the most profitable market segments
A supervisor knows that employees have good ideas for improving department operations but are hesitant to share them. Which of the following tools would be most appropriate for encouraging the employees to participate in identifying opportunities?
A. Tree diagram
B. Pareto chart
C. Process map
D. Affinity diagram
An operations manager wants to measure variability in the delivery time of insurance policies to clients. Which of the following quality tools most appropriately would show the level of variability?
A. Pareto chart
B. Histogram
C. Scatterplot
D. Check sheet
A supplier has decided to improve its forecast accuracy by reducing the information lead time from the retailer. Which of the following actions would be most appropriate to achieve the desired result?
A. Eliminating sales and promotions
B. Decentralizing demand information
C. Reducing its quoted lead time
D. Utilizing electronic data interchange
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