A brewing company recently acquired a trucking company to deliver products to the brewery's distribution centers (DCs). Which of the following terms most accurately describes the firms' relationship?
A. Parallel integration
B. Vertical integration
C. Internal integration
D. Horizontal integration
A company wants to reduce lead time while minimizing inventory costs. Which of the following approaches is most appropriate to implement?
A. Make-to-stock
B. Lean
C. Kaizen blitz
D. Six sigma
In order to decrease shipping costs, a shipper would take which of the following actions?
A. Utilize less-than-truckload (LTL) shipments vs. truckload (TL)
B. Use a common carrier rather than a contract carrier
C. Decrease the weight shipped and use break-bulk shipments
D. Increase the weight shipped and consolidate shipments
Two individuals are travelling by train to the same location, departing from two different cities. Both purchased tickets when they arrived for departure, yet paid different prices. Which of the following pricing strategies was most likely practiced by the train company?
A. Regional pricing
B. Coupons and rebates
C. Product versioning
D. Channel pricing
A firm decides to improve its operations efficiency by reducing the costs and delays in transaction processing with partners. Implementing which of the following tools would be most appropriate in this situation?
A. Radio frequency identification (RFID)
B. Electronic data interchange (EDI)
C. Advanced planning and scheduling (APS)
D. Supply Chain Operations Reference (SCOR? model
In a supply chain with the sequence of factory, distributor, wholesaler, retailer, which entity is most likely to experience the greatest variability in demand resulting from the bullwhip effect?
A. Factory
B. Distributor
C. Wholesaler
D. Retailer
Throughout most of the supply chain, safety stock will be de-emphasized as a result of improved:
A. cycle stock
B. planning
C. supply
D. information
In an effort to reduce total cost of ownership (TCO), a company is outsourcing a major component to an overseas supplier. What is the most appropriate action to reduce supply chain risk?
A. Increase forecast accuracy
B. Deploy strategic inventory buffers
C. Invest in redundant manufacturing process
D. Negotiate a competitive cost contract for transportation
A firm produces goods that are subject to frequent customer design changes. The products are sold to a few distributors who sell to a large number of retailers. In this situation, which of the following represents the best approach for which the firm should produce those goods?
A. Using a push strategy to replenish the distributors
B. Using a pull strategy based on retailer sales
C. Using a push strategy based on retailer sales
D. Using a pull strategy to replenish the distributors
ISO 9001 standards are best used to:
A. ensure high quality products are delivered to customers, although it does not yet include service aspects
B. demonstrate to the market that goods and services have the highest level of quality and should be considered `best in class'
C. provide documentation of adherence to quality standards for a firm's suppliers to avoid issues with conflict minerals
D. demonstrate the ability to meet customer's requirements and engage in quality improvement
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