Podcast
Questions and Answers
What is an important consideration in supply chain design?
What is an important consideration in supply chain design?
- Warehouse location
- Product design (correct)
- Available capacity
- Inventory balance
What does a seasonal index measure in forecasting?
What does a seasonal index measure in forecasting?
- Standard deviation of seasonal demand to standard deviation of demand for all periods
- Ratio of average seasonal demand to average demand for all periods (correct)
- Average demand for all periods to standard deviation of the demand for all periods
- Ratio of average demand for all periods to average seasonal demand
What would be the cost savings if a company increases its inventory turns from four to six?
What would be the cost savings if a company increases its inventory turns from four to six?
- $29,000,000
- $15,750,000 (correct)
- $5,250,000
- $10,500,000
What is an advantage of using a third-party logistics service (3PL)?
What is an advantage of using a third-party logistics service (3PL)?
What is the benefit of incorporating supplier input into product and process design?
What is the benefit of incorporating supplier input into product and process design?
What is a supply chain design consideration?
What is a supply chain design consideration?
What is a key characteristic that distinguishes a supplier alliance agreement from a blanket purchase order?
What is a key characteristic that distinguishes a supplier alliance agreement from a blanket purchase order?
Which customer relationship management activity is most directly related to revenue generation?
Which customer relationship management activity is most directly related to revenue generation?
What is a typical action taken as part of a reverse logistics strategy?
What is a typical action taken as part of a reverse logistics strategy?
What is the most effective way to select a service provider when outsourcing IT support to a low-cost region on another continent?
What is the most effective way to select a service provider when outsourcing IT support to a low-cost region on another continent?
What is continuous improvement best described as?
What is continuous improvement best described as?
What is the primary goal of a supplier alliance agreement?
What is the primary goal of a supplier alliance agreement?
What type of distribution center serves both retailers and online sales?
What type of distribution center serves both retailers and online sales?
What decision is most likely affected by the difference in costing systems between a manufacturer and supplier?
What decision is most likely affected by the difference in costing systems between a manufacturer and supplier?
Which of the following is an example of vertical integration?
Which of the following is an example of vertical integration?
What is the term for grouping customers based on specific characteristics they desire from products and services?
What is the term for grouping customers based on specific characteristics they desire from products and services?
Which of the following indicators is most appropriate to measure supply chain utilization?
Which of the following indicators is most appropriate to measure supply chain utilization?
What is the term for separating customers into groups based on specific characteristics they desire from products and services?
What is the term for separating customers into groups based on specific characteristics they desire from products and services?
What type of companies would a manufacturer outsource its transportation and return processing to?
What type of companies would a manufacturer outsource its transportation and return processing to?
What is the primary goal of analyzing the buying history for each market segment?
What is the primary goal of analyzing the buying history for each market segment?
What approach would be most effective in identifying the requirements of end customers for each market segment?
What approach would be most effective in identifying the requirements of end customers for each market segment?
When considering the consequences of product design decisions, companies view the reverse supply chain as an extension of the:
When considering the consequences of product design decisions, companies view the reverse supply chain as an extension of the:
What should a company do if a global product is no longer profitable?
What should a company do if a global product is no longer profitable?
What is the primary goal of reverse supply chain management?
What is the primary goal of reverse supply chain management?
What happens to inventory velocity when a company implements a supplier relationship management system?
What happens to inventory velocity when a company implements a supplier relationship management system?
What is the major challenge in implementing a supplier relationship management system for direct materials?
What is the major challenge in implementing a supplier relationship management system for direct materials?
Which sustainability tool is most appropriate for managing environmental compliance with legislative and regulatory requirements?
Which sustainability tool is most appropriate for managing environmental compliance with legislative and regulatory requirements?
What do inventory parameters established using analytic inventory techniques typically balance?
What do inventory parameters established using analytic inventory techniques typically balance?
What type of design is a product design that can be produced to requirements even when conditions in the production process are unfavorable?
What type of design is a product design that can be produced to requirements even when conditions in the production process are unfavorable?
During which phase of a supplier/customer relationship is it most appropriate to measure spending per customer as a proportion of profitability?
During which phase of a supplier/customer relationship is it most appropriate to measure spending per customer as a proportion of profitability?
