Business Administration
Showing posts with label Business Administration. Show all posts
Showing posts with label Business Administration. Show all posts

Ted's Wicked Dive Shop needs to put together a re order plan for breathing regulations. Given that this product is high and cost and highly customized in order to meet the unique demands of different divers, Ted should utilize which of the following strategies?

Ted's Wicked Dive Shop needs to put together a re order plan for breathing regulations. Given that this product is high and cost and highly customized in order to meet the unique demands of different divers, Ted should utilize which of the following strategies?





a. order regulators in bulk using a manufacturing demand forecast model couples with a long lead time based EOQ to take advantage of manufacturing and transportation discounts.
b. order regulators based on actual customer orders and work with suppliers partners to quickly configures and ship the regulators directly to customers
c. order regulators when all existing stock reaches the ROP
d. order product form the supplier that gives him the best price at the time of order
e. order regulators twice per year to keep setup and order placement costs to a minimim







Answer: B

In sit down restaurants, steaks are generally cooked after the waters/waitresses place the order to the kitchen with customer's preference. Which of the following techniques best describes the fulfillment of steak order to the final customer?

In sit down restaurants, steaks are generally cooked after the waters/waitresses place the order to the kitchen with customer's preference. Which of the following techniques best describes the fulfillment of steak order to the final customer?



a. agile
b. postpone
c. lean
d. anticipatory








Answer: A

Supply chain mapping techniques enable managers to see where value is added int eh supply chin. To improve the value added time ratio, managers should seek to:

Supply chain mapping techniques enable managers to see where value is added int eh supply chin. To improve the value added time ratio, managers should seek to:




a. lowering transportation costs by holding order and shipping in bulk
b. lowering negotiated rates with suppliers to offset poor delivery performance
d. daily inspections to be sure no oil is leaking form the pipeline
d. shorten times products sit waiting for have form, time or place value added
e. increasing demand for product though constant promotions









Answer: D

Which of the following in an incorrect statement about the Naive EOQ process?

Which of the following in an incorrect statement about the Naive EOQ process?





a. it takes into account order and set up costs
b. its the order quantity at the point where the slope of the total inventory cost curve is zero.
c. it attempts to minimize the cost activity in a firm's inventory management process
d. it balances order costs against inventory carrying costs to determine optimum order quantity
e. it accounts for lead time variance and demand variance









Answer: E

Referring to the figure above and Ted's in class example of having to replace his Apple computer, Apple operations contributes to the total order cycle time only during which portion of the order cycle?

Referring to the figure above and Ted's in class example of having to replace his Apple computer, Apple operations contributes to the total order cycle time only during which portion of the order cycle?





a. invoice and billing to order complete
b. recognize need to order receipt/processing
c. order receipt/processing to order shipment
d. order receipt/processing to order transmittal
e. order preparation to order fulfillment








Answer: C

Which component of a supply chain information system involved simultaneous planning of all elements of the supply chain with constraint based scenarios?

Which component of a supply chain information system involved simultaneous planning of all elements of the supply chain with constraint based scenarios?




a. advanced planning and scheduling
b. enterprise resource planning
c. supply chain execution software
d. supply chain planning and scheduling
e. advanced production systems







Answer: A

In class we discussed Dell's strategy and how logistics and supply chain management has been instrumental in helping achieve Dell's competitive advantage Dell sells direct to consumers, so that they do not actually start making computers until the customer order comes in, at which point they then order form their suppliers and have the computer manufactured very quickly. The point where the customer order triggers this response in manufacturing is called:

In class we discussed Dell's strategy and how logistics and supply chain management has been instrumental in helping achieve Dell's competitive advantage Dell sells direct to consumers, so that they do not actually start making computers until the customer order comes in, at which point they then order form their suppliers and have the computer manufactured very quickly. The point where the customer order triggers this response in manufacturing is called:





a. logistics response trigger
b. operational action point
c. inventory holding point.
d. order penetration point






Answer: D

Although bar codes on consumer goods have enhanced the consumer experience by decreasing time spent in the check out line, the major supply chain benefit of bar codes to capture actual sales is:

Although bar codes on consumer goods have enhanced the consumer experience by decreasing time spent in the check out line, the major supply chain benefit of bar codes to capture actual sales is:



a. enabling the supply chain to be alerted to actual consumer sales in real time
b. allowing decision analysis of consume data
c. reducing the time it takes for consumers to find products on shelves
d. providing new information equipment to enhance IT industry sales
e. targeting specific promotions to individual consumers









Answer: A

The opening of the new Haslam CBA Building was nearly delayed until June 2009 due to the fact that the manufacturer of classroom furniture could not order raw materials because they could not get credit from a bank due to the credit crisis in September 2008. Dr. Tom Ladd, the Associate Dean responsible for the building project, arranged for UT to extend credit to the manufacturer so that raw materials could be purchased and finished furniture could be built and delivered on time to teach classes in January 20089. This represents what type of strategic supply chain lead time techniques?

The opening of the new Haslam CBA Building was nearly delayed until June 2009 due to the fact that the manufacturer of classroom furniture could not order raw materials because they could not get credit from a bank due to the credit crisis in September 2008. Dr. Tom Ladd, the Associate Dean responsible for the building project, arranged for UT to extend credit to the manufacturer so that raw materials could be purchased and finished furniture could be built and delivered on time to teach classes in January 20089. This represents what type of strategic supply chain lead time techniques?




a. Synchronization of UT and manufacture IT systems to better plan the production schedule in advance
b. working with the manufacturer to reduce production cycle times and speed pipeline inventory
c. use of extended enterprise collaboration between the manufacturer, raw material supplier, and UT to create an innovative credit solution
d. use of postponement of delivery until just before it was needed (JIT)







Answer: C

The best way to deceased safety stock is to:

The best way to deceased safety stock is to:





a. decrease lead time
b. increase cycle stock
c. increase order quantity
d. decrease inventory levels
e. decrease variation







Answer: E

Ted and his friend Matt start a new company called Crabman Auto Parts. They have heard about agile order fulfillment and are interested in implementing it to raise costs. Which of the following best describes the strategy Crabman Auto Parts should follow to take advantage of agile order fulfillment?

Ted and his friend Matt start a new company called Crabman Auto Parts. They have heard about agile order fulfillment and are interested in implementing it to raise costs. Which of the following best describes the strategy Crabman Auto Parts should follow to take advantage of agile order fulfillment?



a. synchronize information exchange across the supply chain and form strategic relationships with key customers and suppliers
b. purchase off season productions in bulk to take advantage of manufacturer's discounts
c. increase complexity in the supply chain to ensure products are made to automobile manufacture's strict specifications
d. increase variability of demand by running frequent promotional campaigns and discounts for select products
e. select suppliers based on lower using purchase price regardless of delivery reliability






Answer: A

In the above EOQ model, the manager wants to optimize fulfillment. As a SCM consultant, what will you suggest to the manager?

In the above EOQ model, the manager wants to optimize fulfillment. As a SCM consultant, what will you suggest to the manager?





a. only lower cycle stock by reducing demand variance
b. lower cycle stock by reducing ordering/set up costs and lower safety stock by reducing demand and supply variance
c. only lower safety stock by reducing supplier variance
d. lower cycle stock reducing manufacturing variance and lower safety stock by reducing demand variance







Answer: B
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