IET 415 - ENM525 Chapter 02

Question 1

A responsive supply chain is able to meet shorter lead times.

Accepted Answer

True

Question 2

Under ______, the supplier or a third party is responsible for maintaining inventory levels for the retailer.

Accepted Answer

Vendor managed inventory

Question 3

Responsive supply chain management is a better strategy than efficient supply chain management.

Accepted Answer

It depends on the product, market, customer, etc.

Question 4

Markdowns are HIGH for products with higher implied demand uncertainty

Accepted Answer

True

Question 5

A company's product development strategy defines the

Accepted Answer

portfolio of new products that it will try to develop

Question 6

____ happens when retailers have less inventory than the actual demand

Accepted Answer

Lost sale

Question 7

Markdowns are Lower for products with higher implied demand uncertainty

Accepted Answer

False

Question 8

____ happens when retailers have more inventories than customers are willing to purchase.

Accepted Answer

Oversupply

Question 9

The ability to match supply chain capability with customer needs is

Accepted Answer

Strategic fit

Question 10

Typically, common salt will have lower implied demand uncertainty than a new communication demand

Accepted Answer

True

Question 11

A company's supply chain strategy defines the

Accepted Answer

mode of procurem't, transportat'n, manufacture & distribut'n

Question 12

Which of the following is NOT an attribute of a responsive supply chain?

Accepted Answer

Ability to meet customer needs at the lowest cost

Question 13

A supply chain that sees "Frequent breakdowns" will have

Accepted Answer

an increase in supply uncertainty

Question 14

Meeting customer needs at the lowest possible cost where speed is not a factor is ____

Accepted Answer

Efficiency

Question 15

Increase in "Required Service Level" leads to an increases in Implied Demand Uncertainty because

Accepted Answer

of unusual surges in demand

Question 16

A company's competitive strategy

Accepted Answer

defines the set of customer needs that it seeks to satisfy

Question 17

Implied Demand Uncertainty increase when

Accepted Answer

When Lead time decreases

Question 18

The profitability of a supply chain is impacted primarily by the --

Accepted Answer

design, planning and operation categories of decisions.

Question 19

Which of the following will NOT be addressed by the competitive strategy?

Accepted Answer

Mode of transportation

Question 20

What happens to Implied Demand Uncertainty when Lead Time decreases?

Accepted Answer

Increase

Questions 20