Question 1

The purchasing cycle ends when the purchasing department is notified that the supplier has shipped the items.

Accepted Answer

A) True 
 B)False

Question 2

Supplier certification is the first step required in a supplier audit program.

Accepted Answer

A) True 
 B)False

Question 3

The activity which begins with a request from within the organization is:

Accepted Answer

A)  Outsourcing search
B)  Purchasing cycle
C)  Supplier selection
D)  Order receipt
E)  Supply chain managementF) A) and C)
G) B) and D)

Question 4

Variations create uncertainty, thereby causing inefficiencies in a supply chain.

Accepted Answer

A) True 
 B)False

Question 5

Producing and shipping in large lots may reduce costs but increase lead times.

Accepted Answer

A) True 
 B)False

Question 6

The optimization of the supply chain uses a mathematical model to determine the optimal number of business organizations to be included in the chain.

Accepted Answer

A) True 
 B)False

Question 7

_________ has helped business concentrate on their core business.

Accepted Answer

A)  Supply Chains
B)  Scheduling
C)  Outsourcing
D)  ERP
E)  Lean ProductionF) C) and D)
G) B) and C)

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Vendor analysis has the greatest potential for savings for items which have:

Accepted Answer

A)  low cost per unit
B)  low annual cost-volume
C)  high cost per unit
D)  high annual usage
E)  high annual cost-volumeF) C) and E)
G) None of the above

Exam 15: Supply Chain Management

_________ has helped business concentrate on their core business.

Correct Answer
verified

Producing and shipping in large lots may reduce costs but increase lead times.

Correct Answer
verified

The activity which begins with a request from within the organization is:

Correct Answer
verified

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

Correct Answer
verified

The optimization of the supply chain uses a mathematical model to determine the optimal number of business organizations to be included in the chain.

Correct Answer
verified

The purchasing cycle ends when the purchasing department is notified that the supplier has shipped the items.

Correct Answer
verified

Vendor analysis has the greatest potential for savings for items which have:

Correct Answer
verified

Variations create uncertainty, thereby causing inefficiencies in a supply chain.

Correct Answer
verified

Supplier certification is the first step required in a supplier audit program.

Correct Answer
verified

Exam 15: Supply Chain Management

_________ has helped business concentrate on their core business.

Correct AnswerverifiedShow Answer

Producing and shipping in large lots may reduce costs but increase lead times.

Correct AnswerverifiedShow Answer

The activity which begins with a request from within the organization is:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The optimization of the supply chain uses a mathematical model to determine the optimal number of business organizations to be included in the chain.

Correct AnswerverifiedShow Answer

The purchasing cycle ends when the purchasing department is notified that the supplier has shipped the items.

Correct AnswerverifiedShow Answer

Vendor analysis has the greatest potential for savings for items which have:

Correct AnswerverifiedShow Answer

Variations create uncertainty, thereby causing inefficiencies in a supply chain.

Correct AnswerverifiedShow Answer

Supplier certification is the first step required in a supplier audit program.

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