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Make-or-Buy Decision

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Questions and Answers

What is a consequence of large lots in supply chain management?

Reduced unit shipping and production costs, but increased holding costs and disguised real demand (correct)
Reduced holding costs and real demand
Increased customer service and profitability
Elimination of the bullwhip effect

What can help reduce the bullwhip effect in supply chain management?

Excluding distributors from the supply chain
Sharing point-of-sales information and using computer-assisted ordering (correct)
Implementing vendor-managed inventory
Increasing lot sizes to reduce production costs

What is a benefit of reducing lot sizes in supply chain management?

Reduced shipping costs and increased inventory levels
Increased production costs and reduced inventory levels
Reduced ordering costs and increased inventory turnover (correct)
Reduced transportation costs and increased customer service

What is the main idea behind Single-Stage Control of Replenishment?

Designating one member to monitor and manage inventory based on end-user demand (A) Signup and view all the answers

What is the primary goal of Collaborative Planning, Forecasting, and Replenishment?

To reduce supply chain costs through shared information and joint effort (C) Signup and view all the answers

What is the primary goal of the make-or-buy decision in manufacturing?

To determine which products or services to obtain externally or produce internally (B) Signup and view all the answers

What is the characteristic of a supplier in a few suppliers arrangement?

Forms a long-term relationship with the buyer (B) Signup and view all the answers

What is the bullwhip effect in supply chain management?

The magnification of fluctuations due to local optimization (C) Signup and view all the answers

What is the primary goal of vertical integration in supply chain management?

To develop the ability to produce goods or services previously purchased (A) Signup and view all the answers

What is the characteristic of a virtual company in supply chain management?

It provides services on demand (B) Signup and view all the answers