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Test Bank Managing Supply Chains: A InternationalLogistics Approach (Edition, 9th Editio, Exams of Business and Labour Law

Haverford CollegeBusiness and Labour Law

Test Bank Managing Supply Chains: A InternationalLogistics Approach (Edition, 9th Edition) โ€“ 2025/2026

Typology: Exams

2024/2025

Available from 06/29/2025

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Test Bank Managing Supply Chains: A
InternationalLogistics Approach (Edition,
9th Edition) โ€“ 2025/2026
1. ________ identifies the difference between the
planned production/inventories and the actual
values.ANSWERVariance from plan
2. ________ measures the average time between when
an order is placed and the product
arrives.ANSWERSupply lead time
3. ________ measures the incremental costs that are
independent of the size of the
order.ANSWERIncremental fixed cost per order
4. ________ typically measures the cost of bringing
product into a facility as a percentage of sales or cost
of goods sold (COGS).ANSWERAverage inbound
transportation cost
5. "Classic" Supply ChainANSWERSuppliers =>
Manufacturer => Wholesalers/Distributors =>
Retailers => Customers
6. back orderANSWERunfulfilled customer order
7. bullwhip effectANSWERoccurs when distorted
product demand information passes from one entity to
the next throughout the supply chain
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Download Test Bank Managing Supply Chains: A InternationalLogistics Approach (Edition, 9th Editio and more Exams Business and Labour Law in PDF only on Docsity!

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. ________ identifies the difference between the planned production/inventories and the actual values.ANSWERVariance from plan
  2. ________ measures the average time between when an order is placed and the product arrives.ANSWERSupply lead time
  3. ________ measures the incremental costs that are independent of the size of the order.ANSWERIncremental fixed cost per order
  4. ________ typically measures the cost of bringing product into a facility as a percentage of sales or cost of goods sold (COGS).ANSWERAverage inbound transportation cost
  5. "Classic" Supply ChainANSWERSuppliers => Manufacturer => Wholesalers/Distributors => Retailers => Customers
  6. back orderANSWERunfulfilled customer order
  7. bullwhip effectANSWERoccurs when distorted product demand information passes from one entity to the next throughout the supply chain

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. customer order actual cycle timeANSWERaverage time it takes to actually fill customer's order
  2. customer order promise cycle timeANSWERagreed upon cycle time of a purchase order
  3. Cycle inventoryANSWERaverage amount of inventory held to satisfy customer demands between inventory deliveries
  4. Deliver (Logistics)ANSWERset of proceses that plans for and controls the efficient and effective transportation and storage of suppliers to customers
  5. demand planning softwareANSWERgenerates demand forecasts using statistical tools and forecasting techniques
  6. Dis-intermediationANSWEREliminate the middle man
  7. Factors that add Value by OM decisionsANSWERCost, Quality, Delivery, Flexiility, and Service

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. ReturnANSWERcomapnies must create a network for receiving defective and excess products and support customers who have problems with delivered products
  2. safety inventoryANSWERextra inventory held in the event demand exceeds supply
  3. SCM Best PracticesANSWERMake the sale to suppliers, wean employees off traditional business practices, ensure the SCM system supports the organizational goals, deploy in incremental phases and measure and communicate success, be FUTURE ORIENTED
  4. SourceANSWERcompanies carefully choose reliable suppliers that will deliver goods and services required for making products
  5. Supply ChainANSWERconsists of all parties involved, directly or indirectly, in the procurement of a product or raw material
  6. supply chain execution softwareANSWERautomates the various steps and stages of the supply chain

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. supply chain logisticsANSWERproduct delivery
  2. Supply Chain Management (SCM)ANSWERinvolves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability
  3. supply chain operationANSWERschedule for production activities
  4. supply chain partnersANSWERpartners throughout the supply chain that deliver finished products, raw materials, and services
  5. supply chain strategyANSWERstrategy for managing all resources to meet customer demand
  6. Supply Chain VisibilityANSWERability to view all areas up and down the supply chain
  7. Three Main Links of Supply ChainANSWER1. Materials flow
    1. Transformation of materials into products
    1. Distribution
    1. Which of these examples ripped from the headlines of business periodicals is most

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. A company's partners in the supply chain determineANSWERthe company's success.
  2. A company's product development strategyANSWERspecifies the portfolio of new products that it will try to develop.
  3. A company's supply chain strategyANSWERdetermines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.
  4. A firm that is not on the cost-responsiveness efficient frontier can improveANSWERboth responsiveness and cost performance.
  5. A graph with two axes with implied uncertainty along the horizontal axis and responsiveness along the vertical axis is referred to as theANSWERuncertainty/responsiveness map.
  6. A key issue facing Toyota isANSWERdesign of its global production and distribution network.
  7. A key supply chain difference between Gateway and Apple is thatANSWERApple has always carried

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

product in their stores while at one time Gateway stores carried no inventory.

  1. A supply chain features a constant flow ofANSWERinformation, product and funds.
  2. A supply chain strategy involves decisions regarding all of the following exceptANSWERnew product development.
  3. Activities involved in the Customer Relationship Management (CRM) macro process includeANSWERmarketing.
  4. Activities involved in the Internal Supply Chain Management (ISCM) macro process includeANSWERorder fulfillment.
  5. Activities involved in the Supplier Relationship Management (SRM) macro process includeANSWERsupplier evaluation and selection.
  6. All raw materials, work in process, and finished goods within a supply chain are known asANSWERinventory

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

B gladly ships it, knowing that in the long run it works to the benefit of both. Such an arrangement is an example ofANSWERintercompany scope.

  1. Concerns related to the environment and sustainabilityANSWERare sometimes dictated by regulations and sometimes by perception.
  2. Customer arrival refers toANSWERthe point in time when the customer has access to choices and makes a decision regarding a purchase.
  3. Customer order entry isANSWERthe customer informing the retailer of what they want to purchase and the retailer allocating product to the customer.
  4. Customer order fulfillment refers toANSWERthe process where product is prepared and sent to the customer.
  5. Customer order receiving isANSWERthe process where the customer receives the product and takes ownership.
  6. Customer value isANSWERthe sum of the supply chain surplus and supply chain cost.

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. Cycle inventory is used becauseANSWERdemand is uncertain and may exceed expectations.
  2. Each stage in a supply chain is connected through the flow of products, information, and funds. These flows often occur in both directions and are usually managed byANSWERone of the stages.
  3. Economies of scale are illustrated byANSWERa supplier waiting until enough demand has built up to send a full truckload shipment to their customer.
  4. Efficient supply chainsANSWERmaximize performance at a minimum cost.
  5. For a company to achieve strategic fit, it must accomplish the following keys:ANSWERThe overall supply chain must operate at the lowest cost possible to achieve success.
  6. For any supply chain,ANSWERthere is only one source of revenue, the customer.
  7. For any supply chain, the source of revenue is generated byANSWERthe customer.

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

Their total assets are $784,325 and total liabilities are $387,775. What is their return on equity (ROE)?ANSWER12.19%

  1. Lisa rented her goats out to anyone interested in clearing underbrush the natural way on their acreage. She received a call from her client Mary on June 21 and delivered her herd of goats to the site on June 24. The goats were done on June 30 and Lisa presented Mary with an invoice the same day. Mary wrote Lisa a check on July 18 and Lisa cashed it on July 21. What was Lisa's days payable outstanding for Mary's job?ANSWER18 days
  2. Moving inventory from point to point in the supply is known asANSWERtransportation.
  3. One motivation for companies to shed noncore functions to their supply chains has been toANSWERtake advantage of supplier and customer competencies that they did not possess.
  4. Over the past several decadesANSWERthe number of owners per supply chain has increased.
  5. Retailing in the United States is largelyANSWERconsolidated.

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. Risks and opportunities have increased for supply chains due toANSWERincreasing globalization.
  2. Scope of strategic fit refers to both theANSWERfunction within the firm and stages across the supply chain.
  3. Seasonal inventory should be used whenANSWERa company can rapidly change the rate of its production system at a very low cost.
  4. Seven-Eleven in Japan's operations and distribution strategy focuses onANSWERbeing responsive and having an excellent information infrastructure.
  5. Supply chain macro processes include which of the following?ANSWERCustomer Relationship Management (CRM)
  6. Supply chain macro processes include which of the following?ANSWERSupplier Relationship Management (SRM)

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. The authors cite IKEA as achieving an intercompany scope of strategic fit which serves toANSWERincrease the supply chain surplus.
  2. The average amount of inventory used to satisfy demand between receipt of supplier shipments is referred to asANSWERcycle inventory.
  3. The cost of making and delivering a product to the customer is referred to asANSWERsupply chain efficiency.
  4. The curve that shows the lowest possible cost for a given level of responsiveness is referred to as theANSWERcost-responsiveness efficient frontier.
  5. The customer order cycle occurs at theANSWERcustomer/retailer interface.
  6. The cycle view of a supply chain holds thatANSWERthe processes in a supply chain are divided into a series of activities performed at the interface between successive stages.
  7. The cycle view of the supply chain is useful when considering operational decisions,

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

becauseANSWERit specifies the roles and responsibilities of each member of the supply chain.

  1. The data and analysis concerning facilities, inventory, transportation, and customers throughout the supply chain is known asANSWERinformation.
  2. The decision phases in a supply chain includeANSWERsupply chain operation.
  3. The drive for strategic fit should come fromANSWERthe highest levels of the organization, such as the CEO.
  4. The final step in achieving strategic fit between competitive and supply chain strategies is toANSWERmatch supply chain responsiveness with the implied uncertainty of demand.
  5. The first step in achieving strategic fit between competitive and supply chain strategies is toANSWERunderstand customers and supply chain uncertainty.
  6. The following warehousing methodology is one in which goods are not actually warehoused in a facility. Instead, trucks from suppliers, each carrying a

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. The manufacturing cycle occurs at theANSWERdistributor/manufacturer interface.
  2. The most significant sourcing decision for a firm isANSWERwhether to perform a task in-house or outsource it to a third party.
  3. The objective of customer order entry is toANSWERensure that orders are quickly and accurately entered and communicated to other affected supply chain processes.
  4. The objective of customer order fulfillment is toANSWERget the correct orders to customers by the promised due date at the lowest possible cost.
  5. The objective of every supply chain is toANSWERmaximize the overall value generated.
  6. The objective of the customer arrival process is toANSWERmaximize the conversion of customer arrivals to customer orders.
  7. The places in the supply chain network where product is stored, assembled, or fabricated are known asANSWERfacilities.

InternationalLogistics Approach (Edition,

9th Edition) โ€“ 2025/ 2026

  1. The preferable supply chain strategy for a firm that sells multiple products and serves customer segments with very different needs is toANSWERtailor the supply chain to best meet the needs of each product's demand.
  2. The process by which a firm decides how much to charge customers for its goods and services isANSWERpricing.
  3. The processes included in the replenishment cycle includeANSWERretail trigger.
  4. The processes involved in the manufacturing cycle includeANSWERproduction scheduling.
  5. The procurement cycle occurs at theANSWERmanufacturer/supplier interface.
  6. The production scheduling process in the manufacturing cycle is similar to theANSWERorder entry process in the replenishment cycle.
  7. The profitability of a supply chain is impacted primarily by theANSWERdesign, planning and operation categories of decisions.