Questions and Answers
What is an important consideration in supply chain design?
Product design
What does a seasonal index measure in forecasting?
Ratio of average seasonal demand to average demand for all periods
What would be the cost savings if a company increases its inventory turns from four to six?
$15,750,000
What is an advantage of using a third-party logistics service (3PL)?
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What is the benefit of incorporating supplier input into product and process design?
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What is a supply chain design consideration?
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What is a key characteristic that distinguishes a supplier alliance agreement from a blanket purchase order?
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Which customer relationship management activity is most directly related to revenue generation?
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What is a typical action taken as part of a reverse logistics strategy?
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What is the most effective way to select a service provider when outsourcing IT support to a low-cost region on another continent?
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What is continuous improvement best described as?
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What is the primary goal of a supplier alliance agreement?
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What type of distribution center serves both retailers and online sales?
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What decision is most likely affected by the difference in costing systems between a manufacturer and supplier?
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Which of the following is an example of vertical integration?
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What is the term for grouping customers based on specific characteristics they desire from products and services?
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Which of the following indicators is most appropriate to measure supply chain utilization?
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What is the term for separating customers into groups based on specific characteristics they desire from products and services?
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What type of companies would a manufacturer outsource its transportation and return processing to?
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What is the primary goal of analyzing the buying history for each market segment?
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What approach would be most effective in identifying the requirements of end customers for each market segment?
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When considering the consequences of product design decisions, companies view the reverse supply chain as an extension of the:
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What should a company do if a global product is no longer profitable?
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What is the primary goal of reverse supply chain management?
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What happens to inventory velocity when a company implements a supplier relationship management system?
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What is the major challenge in implementing a supplier relationship management system for direct materials?
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Which sustainability tool is most appropriate for managing environmental compliance with legislative and regulatory requirements?
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What do inventory parameters established using analytic inventory techniques typically balance?
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What type of design is a product design that can be produced to requirements even when conditions in the production process are unfavorable?
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During which phase of a supplier/customer relationship is it most appropriate to measure spending per customer as a proportion of profitability?
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