The degree of inventory aggregation and the modes of transportation used in a supply chain network...
The degree of inventory aggregation and the modes of transportation used in a supply chain network should vary with the demand and value of a product.
Select one:
True
False
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The degree of inventory aggregation and the modes of transportation used in a supply chain network should vary with the demand and value of a product
True
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The degree of inventory aggregation and the modes of
transportation used in a supply chain network...
A. Select the true and false sentences 1. You can increase responsiveness by increasing the number...
A. Select the true and false sentences 1. You can increase responsiveness by increasing the number of facilities, making them more flexible, or increasing capacity 2. Increasing number of facilities increases facility and inventory costs, decreases transportation costs and increases response time 3. Inventory is needed when there is mismatch between supply and demand 4. Increasing inventory generally makes the supply chain more responsive 5. Level of Product Availability is The fraction of demand that is served on time from...
1. Supplier and buyer relationship in supply chain perspective is defined to be transactional instead of collaborative....
1. Supplier and buyer relationship in supply chain perspective is defined to be transactional instead of collaborative. Is this statement true or false? True False 2. Jones Manufacturing sells a part to Lear Corporation. Lear puts this part into a radio, which Lear then sells to Ford. From Lear's point of view, Ford is a(n) __________. Echelon 1 Echelon 2 Tier 1 Tier 2 3. An example of strategic planning is: Setting inventory levels for a given product. Forecasting next...
We discussed the different types of inventory in a supply chain: Safety stock, Cycle stock, Seasonal...
We discussed the different types of inventory in a supply chain: Safety stock, Cycle stock, Seasonal stock, and Pipeline stock. Which of the following statements is NOT correct? Select one: a. Safety stock is present in a supply chain to buffer against demand uncertainty and prevent stock-outs. b. Cycle stock is present in a supply chain to mitigate the fixed costs of ordering, producing, or transporting. c. Seasonal stock is present in a supply chain when capacity is flexible and...
Examples of disruptions to the global supply chain include import restrictions. port s...
Examples of disruptions to the global supply chain include import restrictions. port strike. supplier bankruptcy. government coup. natural disaster. product recall. All of the above. in global supply chain management, having a diversified supplier base is an example of prudent cost control policy. a risk mitigation strategy. a sustainability measure. an excellent human rights record. In global supply chains, centralization of your warehouse network may be never proven effective in supply chain networks. a cutting edge practice. an impossible undertaking....
1. Practice Question 01 The creation of value for a customer is an important aspect of supply chain management. a. True b. False Answer: 2. Practice Question 02 Information, goods, and servi...
1. Practice Question 01 The creation of value for a customer is an important aspect of supply chain management. a. True b. False Answer: 2. Practice Question 02 Information, goods, and services flow both upstream and downstream in a supply chain. a. True b. False Answer: 3. Practice Question 04 A supply chain is an integrated group of processes that source, make, and deliver products. a. True b. False Answer: 4. Practice Question 05 The purchasing of goods and services...
Pick one of your favorite retail stores and describe the supply chain used to stock inventory...
Pick one of your favorite retail stores and describe the supply chain used to stock inventory in the store. (Hint: there is usually more than one intermediary) Objective: 1. Name and describe the retail store 2. Describe the supply chain intermediaries 3. Do you think this is the most efficient model? Why or why not?
1-The term “supply chain management” is one of the most confusing and misused terms in business....
1-The term “supply chain management” is one of the most confusing and misused terms in business. For our purposes, supply chain management: a)plans, implements and controls the efficient, effective flow and storage of goods, services, and related information between the point of origin and the port of consumption in order to meet customers’ requirements. b)is the integration of key business processes from end user through original suppliers, that provides products, services, and information that add value for customers and other...
OPS Practice quiz 2. The benefits of risk pooling depend on the behavior of demand from...
OPS Practice quiz 2. The benefits of risk pooling depend on the behavior of demand from one market relative to demand from another. True False 3. What is Supply Chain Management? A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses and stores so that merchandize is produced, distributed at the right quantities, to the right locations and at the right time in order to minimize system wide costs while satisfying service level requirements. The management of the flow...
3.1. The inventory turnover ratio used in measuring supply-chain efficiency is found by the ratio of...
3.1. The inventory turnover ratio used in measuring supply-chain efficiency is found by the ratio of which of the following? A. Cost of goods sold/Average aggregate inventory value B. Fixed costs/Variable costs C. Sales costs/Marketing costs D. Cost of goods sold/Cost to sell goods E. Operations flow costs/Suppliers flow costs 3.2. In designing a lean production facility layout a designer should do which of the following? A. Design for work flow balance B. Locate flexible workstations off line C. Link...
In this age of increasing specialization, low communication cost, and fast transportation companies are making less...
In this age of increasing specialization, low communication cost, and fast transportation companies are making less and buying more. This means more reliance on supply chains and more risk. True False Material handling cost equation used to determine the cost of the layout for the departments has one summation formula. True False How many suppliers are best for managing risk? A decision tree can be used for selection of suppliers under risk. True False ABC analysis- a method for multiplying...
A. Select the true and false sentences 1. You can increase responsiveness by increasing the number of facilities, making them more flexible, or increasing capacity 2. Increasing number of facilities increases facility and inventory costs, decreases transportation costs and increases response time 3. Inventory is needed when there is mismatch between supply and demand 4. Increasing inventory generally makes the supply chain more responsive 5. Level of Product Availability is The fraction of demand that is served on time from...
1. Practice Question 01 The creation of value for a customer is an important aspect of supply chain management. a. True b. False Answer: 2. Practice Question 02 Information, goods, and services flow both upstream and downstream in a supply chain. a. True b. False Answer: 3. Practice Question 04 A supply chain is an integrated group of processes that source, make, and deliver products. a. True b. False Answer: 4. Practice Question 05 The purchasing of goods and services...
3.1. The inventory turnover ratio used in measuring supply-chain efficiency is found by the ratio of which of the following? A. Cost of goods sold/Average aggregate inventory value B. Fixed costs/Variable costs C. Sales costs/Marketing costs D. Cost of goods sold/Cost to sell goods E. Operations flow costs/Suppliers flow costs 3.2. In designing a lean production facility layout a designer should do which of the following? A. Design for work flow balance B. Locate flexible workstations off line C. Link...
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