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OM Chapter 11 UPDATED Flashcards | StudBud
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OM Chapter 11 UPDATED
OM Chapter 11 UPDATED
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1
What is vertical integration?
when a firm expands by gaining ownership of its suppliers or distributors.
When a firm takes ownership of a firm in a different industry.
When a firm merges with another firm.
Vertical integration is a strategy used to increase competition and prices.
2
The term bullwhip effect is most closely related to
Return of inventory
Assertive customers
Demand variations
Inventory turnover
3
Transferring to external vendors a firm's activities that have traditionally been internal is known as ________.
Vertical integration
SCM
Outsourcing
SCOR Model
4
Which is an example of forward integration?
A sheep farmer buys a feed store
A sheep farmer opens a BBQ restaurant
A BBQ restaurant owner buys a feed store
A BBQ restaurant owner buys a sheep farm
5
What are two types of vertical integration?
Backward and forward integration
Upward and downward integration
Balanced and forward integration
Forward and balanced integration
6
Which one of the following is NOT one of the sourcing strategies?
Keiretsu network
SCOR model
Many suppliers
Few suppliers
7
The ________ model is used to evaluate the supply chain.
SCOR
Inventory Velocity
Vertical integration
SCM
8
The bullwhip effect refers to variability in demand orders among supply chain participants
False
True
9
In inventory velocity concept, the greater the velocity, the higher the holding costs.
True
False
10
Due to small change in customer demands, inventory fluctuations become larger looking through the supply chain.
Supply chain
Reverse logistics
Bullwip effect
SCOR
11
Vertical integration forwards is when a firm mergers or acquires another
In another industry
Towards the source of supply
Towards the consumer
At the same stage
12
The available time is the total time a customer must wait to receive a product after requesting the product or service
Cycle time
Available time
Down time
Lead time
