Question 1

Inventory cycle time is the agreed-upon time between the purchase of a product and the delivery of the product.

Accepted Answer

A) True 
 B)False

Question 2

Information technology's primary role in supply chain management is creating the integrations or tight process and information linkages between functions within a firm-such as marketing, sales, finance, manufacturing, and distribution-and between firms.

Accepted Answer

A) True 
 B)False

Question 3

What is collaborative engineering?

Accepted Answer

A)   Enables an organization to react more quickly to resolve supply chain issues
B)   Applies technology to the activities in the order life cycle from inquiry to sale
C)   Allows an organization to reduce the cost and time required during the design process of a product
D)   Helps organizations reduce their investment in inventory while improving customer satisfaction through product availabilityE) B) and C)
F) A) and B) C

Question 4

What distributes goods and services to customers?

Accepted Answer

A)   Inbound logistics
B)   Outbound logistics
C)   Logistics
D)   Cradle to graveE) B) and D)
F) B) and C)

Question 5

Procurement includes the processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain.

Accepted Answer

A) True 
 B)False  False

Question 6

Procurement is the purchasing of goods and services to meet the needs of the supply chain.

Accepted Answer

A) True 
 B)False

Question 7

Cradle-to-grave provides materials management support.

Accepted Answer

A) True 
 B)False

Question 8

Materials are transformed into semi finished and finished products-the organization's own production processes.

Accepted Answer

A) True 
 B)False

Question 9

A back order is an unfilled customer order for a product that is out of stock.

Accepted Answer

A) True 
 B)False

Question 10

What is the bullwhip effect?

Accepted Answer

A)   Views all areas up and down the supply chain in real time
B)   Uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory
C)   Ensures supply chain cohesion by automating the different activities of the supply chain
D)   Occurs when distorted product-demand information ripples from one partner to the next throughout the supply chainE) B) and D)
F) A) and B)

Question 11

Supply chain event management applies technology to the activities in the order life cycle from inquiry to sale.

Accepted Answer

A) True 
 B)False

Question 12

In which of the five basic supply chain activities do you support customers and product returns?

Accepted Answer

A)   Plan
B)   Source
C)   Deliver
D)   ReturnE) C) and D)
F) A) and B) D

Question 13

Which of the following is not one of the three main links in the supply chain?

Accepted Answer

A)   Materials flow from suppliers and their "downstream" suppliers at all levels
B)   Transformation of materials into semifinished and finished products-the organization's own production processes
C)   Distribution of products to customers and their "downstream" customers at all levels
D)   None of these choices are correct.E) B) and C)
F) All of the above

Question 14

What is computer-aided design/computer-aided manufacturing (CAD/CAM) ?

Accepted Answer

A)   Systems are used to create the digital designs and then manufacture the products
B)   A cultural trend that places value on an individual's ability to be a creator of things as well as a consumer of things
C)   A community center that provides technology, manufacturing equipment, and educational opportunities to the public that would otherwise be inaccessible or unaffordable
D)   Promotes serialization or the ability to track individual items by using the unique serial number associated with each RFID tagE) None of the above
F) A) and B)

Question 15

A drone is an unmanned aircraft that can fly autonomously, or without a human. Amazon.com is piloting drone aircraft for package deliveries.

Accepted Answer

A) True 
 B)False

Question 16

The process of 3D printing (additive manufacturing) builds-layer by layer in an additive process-a three-dimensional solid object from a digital model.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is one of the business areas of supply chain management?

Accepted Answer

A)   Logistics
B)   Procurement
C)   Materials management
D)   All of theseE) B) and D)
F) A) and B)

Question 18

In which of the five basic supply chain activities do you prepare to manage all resources required to meet demand?

Accepted Answer

A)   Plan
B)   Source
C)   Deliver
D)   ReturnE) B) and D)
F) None of the above

Question 19

Inventory cycle time is the time it takes to manufacture a product and deliver it to the retailer.

Accepted Answer

A) True 
 B)False

Question 20

What allows an organization to reduce the cost and time required during the design process of a product?

Accepted Answer

A)   Supply chain event management
B)   Selling chain management
C)   Collaborative engineering
D)   Collaborative demand planningE) All of the above
F) B) and C)

Exam 10: Extending the Organizationsupply Chain Management

Inventory cycle time is the agreed-upon time between the purchase of a product and the delivery of the product.

Correct AnswerverifiedShow Answer

Information technology's primary role in supply chain management is creating the integrations or tight process and information linkages between functions within a firm-such as marketing, sales, finance, manufacturing, and distribution-and between firms.

Correct AnswerverifiedShow Answer

What is collaborative engineering?

Correct AnswerverifiedC

What distributes goods and services to customers?

Correct AnswerverifiedShow Answer

Procurement includes the processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain.

Correct AnswerverifiedFalse

Procurement is the purchasing of goods and services to meet the needs of the supply chain.

Correct AnswerverifiedShow Answer

Cradle-to-grave provides materials management support.

Correct AnswerverifiedShow Answer

Materials are transformed into semi finished and finished products-the organization's own production processes.

Correct AnswerverifiedShow Answer

A back order is an unfilled customer order for a product that is out of stock.

Correct AnswerverifiedShow Answer

What is the bullwhip effect?

Correct AnswerverifiedShow Answer

Supply chain event management applies technology to the activities in the order life cycle from inquiry to sale.

Correct AnswerverifiedShow Answer

In which of the five basic supply chain activities do you support customers and product returns?

Correct AnswerverifiedD

Which of the following is not one of the three main links in the supply chain?

Correct AnswerverifiedShow Answer

What is computer-aided design/computer-aided manufacturing (CAD/CAM) ?

Correct AnswerverifiedShow Answer

A drone is an unmanned aircraft that can fly autonomously, or without a human. Amazon.com is piloting drone aircraft for package deliveries.

Correct AnswerverifiedShow Answer

The process of 3D printing (additive manufacturing) builds-layer by layer in an additive process-a three-dimensional solid object from a digital model.

Correct AnswerverifiedShow Answer

Which of the following is one of the business areas of supply chain management?

Correct AnswerverifiedShow Answer

In which of the five basic supply chain activities do you prepare to manage all resources required to meet demand?

Correct AnswerverifiedShow Answer

Inventory cycle time is the time it takes to manufacture a product and deliver it to the retailer.

Correct AnswerverifiedShow Answer

What allows an organization to reduce the cost and time required during the design process of a product?

Correct AnswerverifiedShow Answer

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C

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False

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D

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