Question 1

Disintermediation occurs when the traditional retailer or service provider is reduced or eliminated in a supply chain.

Accepted Answer

A) True 
 B)False

Question 2

Some firms have structured their procurement function to include both centralized and decentralized purchasing.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following would not usually be a main factor in selecting a vendor?

Accepted Answer

A)  location
B)  price
C)  quality
D)  inventory turnover
E)  vendor services

Question 4

Global supply chains make purchasing easier because there are more options.

Accepted Answer

A) True 
 B)False

Question 5

Vendor analysis is the examination of the _________ of purchased materials.

Accepted Answer

A)  function
B)  source
C)  quality
D)  cycle
E)  quantity

Question 6

Examination of the sources of supply for purchased parts or materials in order to improve performance is called

Accepted Answer

A)  vendor analysis.
B)  value analysis.
C)  negotiated purchasing.
D)  reverse engineering.
E)  disintegration.

Question 7

Which of the following is not a benefit of RFID?

Accepted Answer

A)  increased productivity
B)  elimination of paperwork
C)  frequent deliveries of smaller shipments
D)  reduction in clerical labor
E)  increased accuracy

Question 8

Outsourcing logistics gives a company less flexibility because it forces them to focus more on core businesses.

Accepted Answer

A) True 
 B)False

Question 9

Using third-party logistics involves using your organization's logistics function to ship to customers that are not officially part of the supply chain.

Accepted Answer

A) True 
 B)False

Question 10

Small changes in consumer demand can result in large variations in orders placed because of the

Accepted Answer

A)  supply chain.
B)  safety stock requirement.
C)  lead time effect.
D)  bullwhip effect.
E)  FCFS scheduling.

Question 11

The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Accepted Answer

A) True 
 B)False

Exam 15: Supply Chain Management

Outsourcing logistics gives a company less flexibility because it forces them to focus more on core businesses.

Correct Answer
verified

Which of the following would not usually be a main factor in selecting a vendor?

Correct Answer
verified

Examination of the sources of supply for purchased parts or materials in order to improve performance is called

Correct Answer
verified

Disintermediation occurs when the traditional retailer or service provider is reduced or eliminated in a supply chain.

Correct Answer
verified

The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Correct Answer
verified

Vendor analysis is the examination of the _________ of purchased materials.

Correct Answer
verified

Using third-party logistics involves using your organization's logistics function to ship to customers that are not officially part of the supply chain.

Correct Answer
verified

Which of the following is not a benefit of RFID?

Correct Answer
verified

Small changes in consumer demand can result in large variations in orders placed because of the

Correct Answer
verified

Some firms have structured their procurement function to include both centralized and decentralized purchasing.

Correct Answer
verified

Global supply chains make purchasing easier because there are more options.

Correct Answer
verified

Exam 15: Supply Chain Management

Outsourcing logistics gives a company less flexibility because it forces them to focus more on core businesses.

Correct AnswerverifiedShow Answer

Which of the following would not usually be a main factor in selecting a vendor?

Correct AnswerverifiedShow Answer

Examination of the sources of supply for purchased parts or materials in order to improve performance is called

Correct AnswerverifiedShow Answer

Disintermediation occurs when the traditional retailer or service provider is reduced or eliminated in a supply chain.

Correct AnswerverifiedShow Answer

The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.

Correct AnswerverifiedShow Answer

Vendor analysis is the examination of the _________ of purchased materials.

Correct AnswerverifiedShow Answer

Using third-party logistics involves using your organization's logistics function to ship to customers that are not officially part of the supply chain.

Correct AnswerverifiedShow Answer

Which of the following is not a benefit of RFID?

Correct AnswerverifiedShow Answer

Small changes in consumer demand can result in large variations in orders placed because of the

Correct AnswerverifiedShow Answer

Some firms have structured their procurement function to include both centralized and decentralized purchasing.

Correct AnswerverifiedShow Answer

Global supply chains make purchasing easier because there are more options.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified