Podcast
Questions and Answers
Which of the following characteristics of a product can qualify it for purchase by a customer?
Which of the following characteristics of a product can qualify it for purchase by a customer?
- Positioning
- Order winners
- Core competency
- Order qualifiers (correct)
Which type of demand items are used in the process of producing a final product?
Which type of demand items are used in the process of producing a final product?
- Independent
- Cyclical
- Dependent (correct)
- Seasonal
Which of the following describes an up-and-down movement in demand that repeats itself over a lengthy time period of more than a year?
Which of the following describes an up-and-down movement in demand that repeats itself over a lengthy time period of more than a year?
- Random variation
- Cycle (correct)
- Seasonal pattern
- Trend
What other name is a periodic inventory system known by?
What other name is a periodic inventory system known by?
Which of the following is NOT typically considered an enabler of efficient supply chain management?
Which of the following is NOT typically considered an enabler of efficient supply chain management?
E-procurement is generally beneficial, with the exception of which of the following?
E-procurement is generally beneficial, with the exception of which of the following?
What is a primary driver for companies choosing to go global?
What is a primary driver for companies choosing to go global?
Which of the following activities is NOT typically included in distribution?
Which of the following activities is NOT typically included in distribution?
What is the term for breaking down a job into a series of smaller tasks, each performed by a different worker?
What is the term for breaking down a job into a series of smaller tasks, each performed by a different worker?
Which type of forecasting methods rely on judgment, opinion, past experiences, or best guesses?
Which type of forecasting methods rely on judgment, opinion, past experiences, or best guesses?
Which inventory management system do companies frequently use to require their suppliers to minimize inventory levels?
Which inventory management system do companies frequently use to require their suppliers to minimize inventory levels?
How is inventory turnover typically calculated?
How is inventory turnover typically calculated?
Which mode of transportation is associated with long life, high capital cost, and low operating costs?
Which mode of transportation is associated with long life, high capital cost, and low operating costs?
What does the selection of a forecasting method depend on?
What does the selection of a forecasting method depend on?
Supply chain management is primarily focused on integrating and managing the flow of what?
Supply chain management is primarily focused on integrating and managing the flow of what?
Which classification system categorizes inventory based on its dollar value to the firm?
Which classification system categorizes inventory based on its dollar value to the firm?
Which forecast method combines an exponentially smoothed forecast with a trend adjustment factor?
Which forecast method combines an exponentially smoothed forecast with a trend adjustment factor?
Which forecasting approach uses the demand observed in the most recent period to predict demand in the upcoming period?
Which forecasting approach uses the demand observed in the most recent period to predict demand in the upcoming period?
What is a potential effect of the bullwhip effect?
What is a potential effect of the bullwhip effect?
What factors are considered in the quantity discount model?
What factors are considered in the quantity discount model?
What would the measure for the ratio of a firm’s monthly output to the number of labor hours used in accounting be called?
What would the measure for the ratio of a firm’s monthly output to the number of labor hours used in accounting be called?
Which of the following is NOT a typical feature or function of a warehouse management system?
Which of the following is NOT a typical feature or function of a warehouse management system?
Which is NOT a key to effective supply chain management?
Which is NOT a key to effective supply chain management?
Which of the following is NOT typically assumed in the Economic Order Quantity (EOQ) model?
Which of the following is NOT typically assumed in the Economic Order Quantity (EOQ) model?
Which of the following is NOT one of the four primary functional areas of a firm?
Which of the following is NOT one of the four primary functional areas of a firm?
Which of the following are not factors that contribute to uncertainty?
Which of the following are not factors that contribute to uncertainty?
A probability where the inventory that is available during lead time will fulfill the requests is called
A probability where the inventory that is available during lead time will fulfill the requests is called
The process of dividing work into a series of small tasks, each performed by different workers is
The process of dividing work into a series of small tasks, each performed by different workers is
In the moving average, demand in the current period is used as a forecast for the next period which is known as
In the moving average, demand in the current period is used as a forecast for the next period which is known as
The movement of demands up and down that occur periodically is called
The movement of demands up and down that occur periodically is called
Flashcards
Order Qualifiers
Order Qualifiers
Characteristics that qualify a product to be considered for purchase
Dependent Demand
Dependent Demand
Demand items used in producing a final product.
Demand Cycle
Demand Cycle
Movement in demand that repeats over a lengthy time period.
Fixed-Time Period System
Fixed-Time Period System
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SCM Enablers
SCM Enablers
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E-Procurement Benefits
E-Procurement Benefits
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Global Expansion Drivers
Global Expansion Drivers
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Distribution
Distribution
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Division of Labor
Division of Labor
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Qualitative Methods
Qualitative Methods
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Vendor-Managed Inventory (VMI)
Vendor-Managed Inventory (VMI)
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Inventory Turnover
Inventory Turnover
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Pipeline
Pipeline
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Forecasting Method Selection
Forecasting Method Selection
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Supply Chain Management (SCM)
Supply Chain Management (SCM)
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ABC Classification
ABC Classification
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Adjusted Exponentially Smoothed Forecast
Adjusted Exponentially Smoothed Forecast
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Naïve Method
Naïve Method
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Bullwhip effect implications
Bullwhip effect implications
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Quantity Discount Model
Quantity Discount Model
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Labor Productivity
Labor Productivity
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Warehouse operations
Warehouse operations
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Effective SCM
Effective SCM
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EOQ model
EOQ model
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The primary funtional areas of a firm
The primary funtional areas of a firm
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Yang bukan merupakan faktor?
Yang bukan merupakan faktor?
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Service Level?
Service Level?
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ketidakpastian adalah
ketidakpastian adalah
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Study Notes
- Characteristics make a product suitable for purchase by a customer, including order qualifiers and order winners.
- Demand items are utilized in the production of a final product, and classified as dependent.
- A cycle is a repetitive up-and-down movement in demand occurring over a time period longer than a year.
- A periodic inventory system is identified as a fixed-time period system.
- Price tags is not an enabler of efficient supply chain management.
- E-procurement benefits include lower prices, faster delivery, fewer transactions, and not reduced labor.
- Companies go global for various reasons, like access to new tech, reliable sources of supply, and favorable costs. All of these answers are correct.
- Distribution involves activities like storing, shipping, and packaging.
- Sourcing is not an activity included in distribution.
- Dividing a job into small tasks, each done by a different worker, is known as division of labor.
- Forecast methods relying on judgment, opinion, past experiences, or best guesses are deemed qualitative methods.
- In efforts to reduce inventory, it's common for companies to require suppliers to use a continuous inventory management system.
- Inventory turnover is computed by dividing the cost of goods sold by the average aggregate inventory value.
- Long life, high capital cost, and low operating costs are typical of water transportation.
- Selecting a forecasting method depends on causes of demand behavior, the forecast's time frame, and demand patterns. All of the above.
- Supply chain management concentrates on integrating and managing the flow of goods, information, and services. All the above
- The ABC classification system categorizes inventory based on its dollar value to the firm.
- The adjusted exponentially smoothed forecast method is comprised of an exponentially smoothed forecast with a trend adjustment factor.
- The naïve method forecasts demand by using demand from the previous period to predict demand in the next period.
- The bullwhip effect can increase inventories.
- The quantity discount model considers purchase price, ordering cost, and carrying cost. All the above.
- Labor productivity is measured the firm’s monthly output to the number of labor hours used in the same month .
- Vendor management is not a feature of a warehouse management system.
- The independence among members is not a key to effective supply chain management.
- Lead time is determined by quantity ordered is not assumption of the EOQ model.
- A primary functiona area of a firm , is not legal.
- Factors contributing to uncertainty include fluctuating lead times, inaccurate demand forecasts, and product changes. Human resources is not one.
- The probability that available inventory during lead time meets demand is called service level.
- Division of labor is the process where jobs are divided into small tasks performed by different workers.
- In a moving average, using current demand as the forecast for the next period is known as the Naive forecast.
- A cyclical movement refers to recurring ups and downs in demand.
- Global Supply Chains reasons include response to changing demand, access to international markets, and advantageous costs . All the above
- Using information systems in international logistics improves currency and language conversion, shipping tracking globally, and calculating transportation and conversion costs. All the above answers are correct.
- Transportation management is not a feature found is in a Warehouse Management System.
- Trust is not a key element for effective supply chain management.
- Inquires for independent demand consist of goods used by external customers.
- Time series is a forecasting based on historical demand data is called.
- A transformative is a function or system converts inputs into outputs with added value.
- Human Resources is not a factor that contributes to uncertainty.
- A transformation is a function or systems that converts inputs inputs to outputs.
- A reverse auction is an electronic market when buyers post their orders and suppliers bid.
- A Cycle is upward or downward, a movement that occurs on a request.
- Regression methods attempt to create mathematical relationships between demand and its influencing factors.
- Interchangeable parts is a part that allows mass production.
- Operations is not a function or system that converts inputs into higher value outputs.
- Productivity is a ratio of output to input.
- Using Machine Learning is not an example of tech in supply chain management.
- Lean Production is the adaptation of mass production, as it puts emphasis on quality and flexibility.
- Value Added Tax is an indirect tax on increased value from raw material to final product.
- Responding to Changing Demand is an exception , with all others being reasons a management should Globalization go Global.
- Supply Chain is easier to measure as it focused more on human resources and support services.
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