MGMT371 SCO Final Exam Review

Question 1

Which supply chain activity is in greatest need of timely & accurate information flows

Accepted Answer

Execution & transaction processing

Question 2

Wrapping paper has demand spike year end, so it is made all year long & stored with other items

Accepted Answer

assortment warehousing

Question 3

The critical ratio is the ratio of the due date divided by the time it takes to do the job.

Accepted Answer

False

Question 4

Mathematical models used by decision makers optimize objective function subject to constraints

Accepted Answer

optimization models

Question 5

Planning process that translates the master schedule into planned orders

Accepted Answer

material requirements planning

Question 6

Which functional dept. develops cost information for a new product/service?

Accepted Answer

accounting

Question 7

The function that knows who buys the firm's products and how much they are willing to pay

Accepted Answer

marketing

Question 8

Ensures that an organization's logistics choices are consistent with business strategy

Accepted Answer

logistics strategy

Question 9

A system used when demand occurs in only a single point in time is:

Accepted Answer

single-period inventory systems

Question 10

A product with a large number of parts shipped from suppliers around the globe has high

Accepted Answer

hidden costs

Question 11

Your firm uses steel to make tools. Raw material inventory is constantly monitored:

Accepted Answer

continuous review system

Question 12

Which of the following about LEAN is best:

Accepted Answer

Companies that use Lean have improved productivity levels

Question 13

Production control which uses containers, cards or visual cues to control production & movement

Accepted Answer

kanban

Question 14

A computer maker keeps an extra 1,000 mice in inv. to protect against uncertainties in demand

Accepted Answer

safety stock

Question 15

Any idle resource held for future use -raw materials, supporting activities & customer service

Accepted Answer

Inventory

Question 16

"When specific products will be made, when specific customer orders will be filled.."

Accepted Answer

master scheduling

Question 17

(2card) A worker pulls a box of raw materials into production, removes them move card and then

Accepted Answer

replace move with production card (freed at previous step)

Question 18

What would we expect from a JIT plant as compared with one that does not use JIT

Accepted Answer

more deliveries of inventory

Question 19

A product is designed such that the manufacturer will make no more than 3.4 defects/million:

Accepted Answer

design for Six Sigma

Question 20

The planning and control activities that link a firm with its downstream customers is

Accepted Answer

customer relationship management activities

Question 21

Which statement is best?

Accepted Answer

ATP Inventory <= Projected Ending Inventory

Question 22

The cost of a product PLUS all costs driven by logistics activities (trans., customs, handling)

Accepted Answer

landed cost

Question 23

A vending machine rep. has a weekly stop to check the amount of soda in the machine &fill it up

Accepted Answer

periodic review system

Question 24

Any activity that does not add value to the good or service in the eyes of the consumer is:

Accepted Answer

waste

Question 25

Transportation solutions that use physical, information& money flows for multiple trans. modes

Accepted Answer

Multimodal solutions

Question 26

"Plans, implements, & controls the efficient flow of goods from origin to consumption

Accepted Answer

logistics management

Question 27

Lean Supply MGMT: it is not enough for a firm to only manage the what happens within its walls

Accepted Answer

True

Question 28

Which statement about a two-card kanban system is best?

Accepted Answer

Raw Material will have move card, Fin Good has production

Question 29

MRP can be performed based on three concepts, which of the following is NOT necessary?

Accepted Answer

job sequencing rules

Question 30

Which would NOT be considered waste in a LEAN plant?

Accepted Answer

Worker tightens bolt on car as it moves down production line

Question 31

An electricity producer wants to buy extra coal to hold in inv. as a buffer from a coal strike

Accepted Answer

Hedging

Question 32

Lean Six Sigma blends the organizational elements of Six Sigma w/ Lean's waste reduction focus

Accepted Answer

True

Question 33

__ refers to the ease with which critical components/ functions can be tested during production

Accepted Answer

Testability

Question 34

Extreme change in the supply position upstream from a small change in demand downstream

Accepted Answer

the bullwhip effect

Question 35

Which of these is NOT an assumption of the basic continuous review model?

Accepted Answer

The order quantity is constant, regardless of demand.

Question 36

Which of the following is NOT commonly used as a kanban signal?

Accepted Answer

a buzzer

Question 37

The type of demand which is tied to the production of another item (example: table legs) is:

Accepted Answer

dependent

Question 38

Distribution requirements planning helps to synchronize supply chain partners at the

Accepted Answer

master schedule level

Question 39

The operations function trains personnel & builds pilot units during which phase

Accepted Answer

commercial preparation

Question 40

Developing a single-period system is a two-step process:

Accepted Answer

determine SLT and TS

MGMT371 SCO Final Exam Review

Questions 40

MGMT371 SCO Final Exam Review

Questions 40