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WorksheetsSupply Chain Management Quiz
Total questions: 20
Worksheet time: 10mins
Which of the following would NOT typically be considered as part of a manufacturing firm's supply chain?
suppliers
distributors
wholesalers
retailers
landscaping contractors
Among which of the following industries are purchasing costs the LOWEST percentage of sales?
automobile
petroleum
restaurants
chemical
Which of the following is a primary supplier selection criterion for a firm pursuing a differentiation strategy?
product development skills
cost
capacity
speed
For which corporate strategy should supply chain inventory be minimized?
low cost
response
differentiation
low cost and differentiation
Which one of the following is NOT one of the six sourcing strategies?
negotiation with many suppliers
vertical integration
keiretsu
short-term relationships with few suppliers
A disadvantage of the 'few suppliers' sourcing strategy is:
the risk of not being ready for technological change.
the lack of cost savings for customers and suppliers.
possible violations of the Sherman Antitrust Act.
the high cost of changing partners.
Which sourcing strategy is particularly common when the products being sourced are commodities?
few suppliers
many suppliers
keiretsu
vertical integration
Which of the following is NOT an advantage of the 'few suppliers' sourcing strategy?
suppliers have a learning curve that yields lower transaction and production costs
suppliers are more likely to understand the broad objectives of the end customer
less vulnerable trade secrets
creation of value by allowing suppliers to have economies of scale
Which of the following is NOT a condition that favors the success of vertical integration?
availability of capital
availability of managerial talent
sufficiently high demand
small market share
A fried chicken fast-food chain that acquired feed mills and poultry farms has performed which of the following?
horizontal integration
forward integration
backward integration
current transformation
Japanese manufacturers often pursue a strategy that is part collaboration, part purchasing from a few suppliers, and part vertical integration. What is this approach called?
kanban
keiretsu
samurai
poka-yoke
Which of the following is NOT an advantage of a virtual company?
speed
total control over every aspect of the organization
specialized management expertise
low capital investment
When Daimler and BMW pooled resources to develop standardized auto components, the sourcing strategy could best be described by which of the following?
keiretsu
virtual companies
joint venture
vertical integration
Which of the following is NOT one of the risk mitigation tactics for the supply chain risk category of suppliers failing to deliver?
use multiple suppliers
effective contracts with penalties
subcontractors on retainer
require overnight delivery
Which of the following devices represents an opportunity for technology to improve security of container shipments?
devices that identify truck and container location
devices that sense motion
devices that measure radiation or temperature
all of the above
E-procurement:
works best in long-term contract situations but is not suited for auctions.
is purchasing facilitated through the Internet.
has many benefits but requires a lot of paperwork.
is illegal in all states except Nevada and New Jersey.
What are the three classic types of negotiation strategies?
supplier evaluation, supplier development, and supplier selection
Theory X, Theory Y, and Theory Z
many suppliers, few suppliers, and keiretsu
cost-based price model, market-based price model, and competitive bidding
Which of the following is NOT a typical benefit of centralized purchasing?
leverage purchase volume for better pricing
develop specialized staff expertise
reduce the duplication of tasks
reduce lead times
Which one of the following distribution systems offers speed and reliability when emergency supplies are needed overseas?
trucking
railroads
airfreight
waterways
While freight rates are often based on very complicated pricing systems, in general, the primary freight price factor is based on which of the following attributes?
damage record
on-time delivery
door-to-door service
speed of shipment
