Stank 331 - Exam 3 1. Which of the following lowers the risk of supply chain vulnerability?A. Reducing the supplier base to just one supplierB. Increasing supply chain resiliency and flexibilityC. Decreasing Supply chain InventoryD. Increasing outsourcing2. What is the purpose of conducting risk profile assessments?A. To Determine the location of future factoriesB. To Determine the area of greatest vulnerability to and impact from dis…C. To Determine the risk of failure for a new productD. To Determine the probability and magnitude of a new market demand3. Around what percent of U.S firms have a supply chain risk management?A. 80B. 60C. 50D. 40E. 204. Which of the following strategies is an example of using redundancy to minimize risk?A. Establishing supply chain visibilityB. Designing products for postponementC. Sourcing products from suppliers in multiple locationsD. Using lean to reduce cycle time and enhance responsivenessIn an attempt to create a “one size fits all” low-cost supply chain for all of. . .Ted decides to source all his clothing products from Vietnam instead of Ohio…. Hourly labor rate in Vietnam is $1 per hour versus $14 per hour in Ohio. Transport capacity or textile import quotas were made in conjunction with… Ted’s clothing line includes standard items such as white socks and t-shirts such…such as customized flip-flops and autographed swimwear.5. Which of the following statements is true based on this scenario?A. Forecast accuracy will increase due to the longer planning time horizonB. This strategy is most appropriate for the customized products, but not for socks and t-shirts.C. Ted’s supply chain will now be much more responsive to changes in demandD. Supply replenishment lead times and variance will likely increase6. This strategy is most appropriate for which of Ted’s product lines?A. White socks and t-shirtsB. Lady Vols softball 2013 National Championship BikinisC. North Carolina Tarheels 2013 NCAA baseball Champs flip-flopsD. USNA 2013 NCAA Lacrosse Champs Shirts7. If Ted decided to move most of his sourcing for clothing products to Vietnam, … domestic suppliers to source some of those same products locally , this would… _______ to mitigate ________ risk.A. Flexibilty, processB. Redundancy, supplyC. Agility, controlD. Resiliency, supply8. Your boss just walked in the door and stated: “Out global supply chain faces the challenge of serving heterogeneous market segments as well as coordination operations to avoid potentially higher costs.” Do you agree and why?A. Yes, consumer product preferences vary greatly by country and operation costs need to be controlled due to higher risk and complexity of the supply chain.B. Yes, Global consumer preferences are all the same across markets and the same product so that we can keep our costs low.C. No, The challenge is to create demand for a homogeneous product, and cost not matter.D. No, the challenge is to grow domestic for a homogeneous product, and cost not matter.9. As supply chains increase their degree of globalization, which of the following costs tend to __________ whereas transportation costs tend to _____.A. Remain the same, decreaseB. Decrease, increaseC. Increase, decreaseD. Increase, increaseE. Decrease, decrease10. Which of the following is NOT a sound reason for a company to expand Globally?A. To increase sales by opening foreign marketsB. To decrease raw materials costs by using foreign suppliersC. To level the playing field with competitors who are globalD. To decrease complexity by selling to emerging marketsE. To decrease labor rates by manufacturing in lower cost countries11. Which of the following factors typically contribute to increased delays in global supply chains?A. An agile fulfillment modelB. Complexity of translating advertising and promotions intodifferent languagesC. Complexity required for movement of goods between countriesD. A lean fulfillment modelE. The use of cross-docking and flexible fulfillment strategies12. Which of the following is NOT an issue that impacts global supply chain?A. Inadequate transportations infrastructure in trading countriesB. Cultural differences between international partnersC. Passage of new US domestic transportations spending legislationsD. Substantial geographic distances between trading partners13. Using focused factories is a global supply chain management strategy. W…. strategy?A. An increase in transportation cost and lead timeB. A decrease in transportation lead time and varianceC. An increase in production costD. An increase in factory setup time due to more products being runE. An increase in raw material costs14. Offshore contract manufacturing, outsourced customer service, long lead-time gap, and greater complexity are all symptoms of A. Extended global supply chainsB. Process risksC. Demand-supply integrationD. The new supply chain paradigmE. Focus firm strategies15. Referring to the diagram above, what are some potential risks associated with each …. Represented in the squares?A. Longer lead times and greater lead time variationB. Market turbulence and greater demand variabilityC. Decrease in product range and customer diversificationD. Increase in product range and customer diversification16. Adding up all the costs associated with each of the activities represented in the squares gives you?A. Return on AssetsB. Total landed costC. Total supply chain valueD. Economic value added E. Working Capital Management17. Ted has just patented an innovative design for swimming goggles that… and plans to sell them in his wicked dive shop. The goggles, which are currently… significant sophistication and labor intensity to make. Ted is thinking about offshoring to an Asian based supplier to lower his labor costs in production. Whichof the following questions should be answered BEFORE making his decision?A. Is the sum of the additional cost of transportation and the additional cost of inventory less than the savings in materials and production.B. What kinds of communications, processes, and quality controls need to be put…C. Is a local presence required to ensure production and logistics meet Ted’s requirementsD. Is there increased risk of intellectual property theft, counterfeit parts, or product tampering?E. All of the Above18. Configuration is all about:A. Where, and in how many nations, each value chain activity is performedB. How dispersed activites, or activites performed in different nations, are
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