Supply Chain Management - Quiz Question 1 3 out of 3 points A disadvantage of the "few suppliers" sourcing strategy is: Selected Answer: E. None of these Answers: A. It is a short-term relationship that is more project-like than a buying transaction B. The suppliers are less likely to understand the broad objectives of the company buying from the supplier C. There are many products to choose from making the product selection complicated D. The selection process can be skipped since there are only a few companies to evaluate E. None of these Question 2 3 out of 3 points Which of the following statements is NOT true regarding the bullwhip effect? Selected Answer: C. The bullwhip effect occurs as orders are relayed from retailers, to distributors, to wholesalers, to manufacturers, with fluctuations decreasing at each step in the sequence Answers: A. None of these B. Bullwhip fluctuations in the supply chain increase the costs associated with inventory, transportation, shipping and receiving C. The bullwhip effect occurs as orders are relayed from retailers, to distributors, to wholesalers, to manufacturers, with fluctuations decreasing at each step in the sequence D. Inaccurate information results in distortions and fluctuations, causing what is known as the bullwhip effect E. Bullwhip fluctuations in the supply chain decrease customer service and profitability Question 3 3 out of 3 points Over the past 12 months, Super Toy Mart has experienced a demand variance of 10,050 units and has produced an order variance of 12,200 units. What is the bullwhip measure for Super Toy Mart (round your response to two decimal places)? Selected Answer: 1.21 Correct Answer: 1.21 Answer range +/- 0.01 (1.20 - 1.22 ) Question 4 3 out of 3 points Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover (round your response to two decimal places)? Selected Answer: 12.5 Correct Answer: 12.5 Answer range +/Question 5 3 out of 3 points 0.01 (12.49 - 12.51 ) What term from this chapter refers to producing goods or services that were previously purchased? Selected Answer: Vertical Integration Correct Answer: Evaluation Method Correct Answer Contains vertical integration Contains outsourcing Case Sensitivity

Supply Chain Management - Quiz

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