Exam 2 Study Guide1. What is one major issue that still exists in a lean fulfillment model:a. Inventory must be held in anticipation of customer ordersb. Longer lead timesc. Greater uncertainty in raw material inventoryd. Need for expedited deliveries2. A company is contemplating different order fulfillment techniques to use for a particular product. They have run cost models and come up with the data shown above. Assuming they decided to adopt full agile/responsive order fulfillment, which case abovewould exemplify the costs associated with this strategy?a. Case Ab. Case Bc. Case Cd. Case D 3. In class we discussed 3-dimensional printers. Which of the following is NOT expected to be one of the benefits?a. Lower finished product inventoryb. Reduced demand uncertaintyc. Reduction in transportation timesd. Reduced lead times 4. What is one benefit of buyer-seller collaboration in a synchronized supply chain?a. Information is transmitted up the supply chain after long lag timesb. Demand and supply information is communicated and shared in near real-timec. Demand data is held and used to gain lower prices from suppliersd. Demand data is forecasted and changed as it moves up the supply chain5. Among Lowe’s product categories, nails are one of the basic products that have low customization, long product life cycle, and stable demand. Which of the fulfillment techniques is the best fit for ordering nails?a. Agileb. Just-in-timec. Anticipatoryd. Lean6. A supply chain that utilizes an agile fulfillment technique will:a. Minimize cycle stock by building and shipping small volumes of product frequentlyb. Minimize cost of goods sold by buying in large lot sizesc. Reduce costs by minimizing production set-ups and changeoversd. Use batch manufacturing of anticipated orders to smooth production levelse. Base manufacturing on actual customer orders7. Noodles & Company uses Coca-Cola Freestyle machines that people to select from more than 100 regular and low-calorie brands. What kind of order fulfillment technique is Coca-Cola Freestyle beverage machine using?a. Hybrid lean and agileb. Agilec. EOQd. Lean8. Enterprise Resource Planning systems, or ERP, form one critical part of the IT infrastructure. Its role is best represented as:a. Facilitation the assignment of specific tasks to specific tools at specific timesb. Analysis and decision-supportc. Enhancing forecast accuracy throughout the supply chaind. Providing an organization-wide platform for collecting and disseminating datae. Simultaneous, constraint-based planning9. What are two primary enablers of differentiated supply chain management used to optimize value to both customers and the delivering firm?a. Information technology & relationshipsb. Rewards & punishmentsc. Information technology & better product designd. Relationships & rewardse. Better product design & relationships10. With regard to supply chain information flows, planning is performed in the ____________ flows while order processing occurs in the _____________ flows.a. Operating, Forecastingb. Forecasting, Coordinationc. Coordination, Operatingd. Forecasting, Operatinge. Operating, Coordination11. Which of the following is NOT an example of an information-enabled supply chain?a. Nike website allows customers to customize a pair of sneakersb. General Electric employee in Boston posts a supplier contract to the company intranet using groupware for use by the Frankfort factoryc. A retailer sends point of sale data to Nestled. Ted’s Wicked Dive Shop shares inventory information with suppliers only when placing orders12. Which value represents the total cycle time?a. 11b. 15c. 16d. 1913. Which of the following is NOT a driver of time-based competition?a. Increased focus on customer segmentationb. Shortening product (and service) life cyclesc. Customers drive for reduced inventoriesd. Volatile markets make forecasting dangerous14. Supply chain pipeline management seeks to meet the competitive challenge of increasing the speed of response to market needs through:a. Lowering transportation costs by holding orders and shipping in bulkb. Lowering negotiated rates with suppliers to offset poor delivery performancec. Lowering the cost of production by outsourcing to Chinad. Improving visibility into demand and supply combined with faster order cycle timee. Increasing demand for product through constant promotions15. Amazon holds forecasted inventory of products in regional warehouses and then ships direct to customers after orders are placed. What kind of order fulfillment technique is Amazon using?a. Leanb. EOQc. Hybrid lean and agiled. Agile16. Ted recently bought a new dishwasher at Sears. He chose the Magician 5000 in black at the store, but had to wait three days for GE to deliver the dishwasher to this house. Between placing the order and it arriving, GE attached a black door to the Magician 5000. How does GE benefit from postponement of this final step?a. Lower finished goods inventoryb. Lower operating costsc. Increases safety stockd. Increased raw materials inventory17. The economic order quantity (EOQ) model attempts to:a. Calculate the optimal amount of inventory to be reordered by balancing orderingcosts with carrying costsb. Minimize total supply chain landed costsc. Establish the optimal amount of inventory to be reordered by balancing carrying costs with transportation costsd. Minimize inventory costs by eliminating safety stock18. Which of the following is false concerning supply chain mapping?a. It can be a helpful tool in a supply chain re-engineering projectb. The proportion of non-value added time to value added time portrayedc. It shows only the amount of time during which value is added in the supply chaind. A supply chain map can reveal opportunities for reducing total pipeline timee. The supply chain map reveals both non-value added time as well as the time value is being added19. Which of the following is the recommended system for a product with long lead-times for raw materials because of unpredictable demand for finished goods?a. Kanbanb. Leanc. Agiled. Just-in-Timee. Hybrid20. Lean order fulfillment differs from traditional order fulfillment in that lean utilizes:a. Larger inventory deployment and longer time between ordersb. Smaller inventory deployment and shorter time between ordersc. There is no difference between lean and traditional order fulfillmentd. Smaller inventory deployment and longer time between orderse. Larger
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