QUESTION 1The supply chain management opportunity called postponement involves delaying deliveries to avoid accumulation of inventory at the customer’s site.TrueFalse3.33334 points QUESTION 2TPS stands for Total Production Streamlining.TrueFalse3.33334 points QUESTION 3Which of the following characteristics is NOT common to all four of Darden Restaurants’ supply channels?supplier qualificationproduct trackingindependent auditsrefrigerationjust-in-time delivery3.33334 points QUESTION 4With the “many suppliers” sourcing strategy, the order usually goes to the supplier that offers the highest quality.TrueFalse3.33334 points QUESTION 5When Daimler and BMW pooled resources to develop standardized auto components, the sourcing strategy could best be described by which of the following?keiretsuvirtual companiesjoint venturevertical integrationfew suppliers3.33334 points QUESTION 6The 5Ss-sort/segregate, simplify/straighten, shine/sweep, standardize, and sustain/self discipline-are important to lean production because they act as a means to reduce waste.TrueFalse3.33334 points QUESTION 7In a JIT system, product inspection adds value by identifying defective items.TrueFalse3.33334 points QUESTION 8Which of the following is characteristic of lean operations?inventory buffers between each workstation to minimize system downtimeeasy, mindless jobsspecialty workers with no cross-traininglow space requirementsno supplier partnerships3.33334 points QUESTION 9Which of the following is not a goal of JIT partnerships?removal of unnecessary activitiesremoval of in-plant inventoryremoval of in-transit inventoryinspect all incoming shipments to ensure zero defectsAll of the above are goals of JIT partnerships.3.33334 points QUESTION 10A disadvantage of the “few suppliers” sourcing strategy is:the risk of not being ready for technological change.the lack of cost savings for customers and suppliers.possible violations of the Sherman Antitrust Act.the high cost of changing partners.the suppliers are less likely to understand the broad objectives of the procuring firm and the end customer.3.33334 points QUESTION 11A blanket order is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.TrueFalse3.33334 points QUESTION 12By which distribution system is more than 90 percent of U.S. coal shipped?railroadstruckswaterwayspipelinesnone of the above3.33334 points QUESTION 13A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors. This is an example of which of the following?horizontal integrationforward integrationbackward integrationcurrent transformationkeiretsu3.33334 points QUESTION 14Which of the following best describes Vizio’s sourcing strategy?few supplierskeiretsujoint venturevertical integrationvirtual company3.33334 points QUESTION 15When using the low-cost strategy for supply chain management, a firm should use buffer stocks to ensure speedy supply.TrueFalse3.33334 points QUESTION 16What is the practice of keeping a product generic as long as possible before customizing?postponementkeiretsuvendor-managed inventoryforward integrationbackward integration3.33334 points QUESTION 17The quality management tool called poka-yoke is not relevant to JIT systems.TrueFalse3.33334 points QUESTION 18Which of the following is specifically characterized by continuous and forced problem solving via a focus on throughput and reduced inventory?Just-in-time (JIT)Toyota Production System (TPS)Lean operationsMaterial requirements planning (MRP)kanban3.33334 points QUESTION 19Which of the following is not characteristic of a TPS employee?knowledgeablestrict job classificationsknow more about their job than anyone elseempoweredAll of the above characterize a TPS employee.3.33334 points QUESTION 20JIT brings about competitive advantage by faster response to the customer regardless of cost.TrueFalse3.33334 points QUESTION 21Which of the following would NOT typically be considered as part of a manufacturing firm’s supply chain?suppliersdistributorswholesalersretailerslandscaping contractors3.33334 points QUESTION 22What does the Japanese word “kanban” mean?low inventoryemployee empowermentcardcontinuous improvementlot size of one3.33334 points QUESTION 23Outsourcing:transfers traditional internal activities to outside vendors.utilizes the efficiency that comes with specialization.allows the outsourcing firm to focus on its key success factors.All of the above are true of outsourcing.None of the above is true of outsourcing.3.33334 points QUESTION 24The objective of the make-or-buy decision is to help identify the products and services that can be obtained externally.TrueFalse3.33334 points QUESTION 25A fast-food retailer that acquired a spice manufacturer would be practicing backward integration.TrueFalse3.33334 points QUESTION 26Local optimization is a supply-chain complication best described as:optimizing one’s local area without full knowledge of supply chain needs.obtaining very high production efficiency in a decentralized supply chain.the prerequisite of global optimization.the result of supply chains built on suppliers with compatible corporate cultures.the opposite of the bullwhip effect.3.33334 points QUESTION 27Which of the following statements is true regarding the leverage of supply chain savings?Supply chain leverage is about the same for all industries.Supply chain savings exert more leverage as the firm’s purchases are a smaller percent of sales.Supply chain savings exert more leverage as the firm’s net profit margin decreases.Supply chain leverage depends only upon the percent of sales spent in the supply chain.None of the above is true.3.33334 points QUESTION 28Which of the following is specifically characterized by a focus on continuous improvement, respect for people, and standard work practices?Just-in-time (JIT)Toyota Production System (TPS)Lean operationsMaterial requirements planning (MRP)kanban3.33334 points QUESTION 29In most manufacturing industries, which of the following would likely represent the largest cost to the firm?transportationpurchasinginsurancefinancingadvertising3.33334 points QUESTION 30Because the supply chain has become so electronic and automated, opportunities for unethical behavior have been greatly reduced.TrueFalseThe supply chain management opportunity called postponement involves delaying deliveries to avoid accumulation of inventory at the customer’s site.TrueFalse3.33334 points TPS stands for Total Production Streamlining.TrueFalse3.33334 points Which of the following characteristics is NOT common to all four of Darden Restaurants’ supply channels?supplier qualificationproduct trackingindependent auditsrefrigerationjust-in-time delivery3.33334 points With the “many suppliers” sourcing strategy, the order usually goes to the supplier that offers the highest quality.TrueFalse3.33334 points When Daimler and BMW pooled resources to develop standardized auto components, the sourcing strategy could best be described by which of the following?keiretsuvirtual companiesjoint venturevertical integrationfew suppliers3.33334 points The 5Ss-sort/segregate, simplify/straighten, shine/sweep, standardize, and sustain/self discipline-are important to lean production because they act as a means to reduce waste.TrueFalse3.33334 points In a JIT system, product inspection adds value by identifying defective items.TrueFalse3.33334 points Which of the following is characteristic of lean operations?inventory buffers between each workstation to minimize system downtimeeasy, mindless jobsspecialty workers with no cross-traininglow space requirementsno supplier partnerships3.33334 points Which of the following is not a goal of JIT partnerships?removal of unnecessary activitiesremoval of in-plant inventoryremoval of in-transit inventoryinspect all incoming shipments to ensure zero defectsAll of the above are goals of JIT partnerships.3.33334 points A disadvantage of the “few suppliers” sourcing strategy is:the risk of not being ready for technological change.the lack of cost savings for customers and suppliers.possible violations of the Sherman Antitrust Act.the high cost of changing partners.the suppliers are less likely to understand the broad objectives of the procuring firm and the end customer.3.33334 points A blanket order is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship.TrueFalse3.33334 points By which distribution system is more than 90 percent of U.S. coal shipped?railroadstruckswaterwayspipelinesnone of the above3.33334 points A rice mill in south Louisiana purchases the trucking firm that transports packaged rice to distributors. This is an example of which of the following?horizontal integrationforward integrationbackward integrationcurrent transformationkeiretsu3.33334 points Which of the following best describes Vizio’s sourcing strategy?few supplierskeiretsujoint venturevertical integrationvirtual company3.33334 points When using the low-cost strategy for supply chain management, a firm should use buffer stocks to ensure speedy supply.TrueFalse3.33334 points What is the practice of keeping a product generic as long as possible before customizing?postponementkeiretsuvendor-managed inventoryforward integrationbackward integration3.33334 points The quality management tool called poka-yoke is not relevant to JIT systems.TrueFalse3.33334 points Which of the following is specifically characterized by continuous and forced problem solving via a focus on throughput and reduced inventory?Just-in-time (JIT)Toyota Production System (TPS)Lean operationsMaterial requirements planning (MRP)kanban3.33334 points Which of the following is not characteristic of a TPS employee?knowledgeablestrict job classificationsknow more about their job than anyone elseempoweredAll of the above characterize a TPS employee.3.33334 points JIT brings about competitive advantage by faster response to the customer regardless of cost.TrueFalse3.33334 points Which of the following would NOT typically be considered as part of a manufacturing firm’s supply chain?suppliersdistributorswholesalersretailerslandscaping contractors3.33334 points What does the Japanese word “kanban” mean?low inventoryemployee empowermentcardcontinuous improvementlot size of one3.33334 points Outsourcing:transfers traditional internal activities to outside vendors.utilizes the efficiency that comes with specialization.allows the outsourcing firm to focus on its key success factors.All of the above are true of outsourcing.None of the above is true of outsourcing.3.33334 points The objective of the make-or-buy decision is to help identify the products and services that can be obtained externally.TrueFalse3.33334 points A fast-food retailer that acquired a spice manufacturer would be practicing backward integration.TrueFalse3.33334 points Local optimization is a supply-chain complication best described as:optimizing one’s local area without full knowledge of supply chain needs.obtaining very high production efficiency in a decentralized supply chain.the prerequisite of global optimization.the result of supply chains built on suppliers with compatible corporate cultures.the opposite of the bullwhip effect.3.33334 points Which of the following statements is true regarding the leverage of supply chain savings?Supply chain leverage is about the same for all industries.Supply chain savings exert more leverage as the firm’s purchases are a smaller percent of sales.Supply chain savings exert more leverage as the firm’s net profit margin decreases.Supply chain leverage depends only upon the percent of sales spent in the supply chain.None of the above is true.3.33334 points Which of the following is specifically characterized by a focus on continuous improvement, respect for people, and standard work practices?Just-in-time (JIT)Toyota Production System (TPS)Lean operationsMaterial requirements planning (MRP)kanban3.33334 points In most manufacturing industries, which of the following would likely represent the largest cost to the firm?transportationpurchasinginsurancefinancingadvertising3.33334 points Because the supply chain has become so electronic and automated, opportunities for unethical behavior have been greatly reduced.TrueFalse
