LOG ASM B - Correction

Intro to Log - Assignment B
Review Questions
Topic 1: An overview of LSCM
1. Traditionally, information has been viewed as flowing in the opposite direction of
products, customers → suppliers
a. This is still true and has not changed.
b. Computerisation greatly increased the flow of information from source
c. The “Big Box” stores have developed their own sources.
d. None of these answers
2. What are the main factors that are changing modern supply chain?
a. Technology
b. Terrorism
c. Globalisation
d. All are correct
3. Outsourcing involves
a. Obtaining materials, parts, and products from other companies
b. Moving company facilities away from the home office
c. Building a factory in another country
d. Hiring foreign nationals to manage part of the business
4. The first decade of the twenty-first century was a period of rapid change for
organisations, especially businesses
a. True
b. False
5. Complexity in the supply chain is caused by
a. Transportation requirements
b. Locations of customers and suppliers
c. The number of SKUs
d. All are correct
6. Predictably, social networks will influence SCs as their impact on customer demand
& speed of information transfer
a. True
b. False
7. As the dollar value of a product decreases, its inventory value decreases
a. True
b. False
8. One of the major challenges of supply chain management is
a. Maintaining the visibility of inventory
b. Pushing inventory back to vendors
c. Building safety-stock inventory
d. Forward buying
9. Most retailers are essentially supply chain companies since
a. Own their warehouses and trucks
b. They buy products produced by others
c. Engage in off-shore sourcing
d. They dominate the consumer market
10. A critical outcome of the supply chain is to deliver …
a. The right product to the right place
b. Profits
c. On management’s expectations
d. Cost/Value
11. CEOs view SCM initiatives
a. Being primarily focused on cost reduction
b. Being primarily focused on top line growth
c. As an area which can be left to second tier executive
d. Being more of a financial concern
12. Providing consumers with a selection of the same basic shirt is example of which
force shaping the economic landscape
a. The empowered consumer
b. Organisational consolidation
c. Globalisation
d. technology
13. Supply chain create value by
a. Increasing profitability and return to shareholders
b. Making transaction processing more efficient
c. Developing more accurate forecast
d. Providing multiple variants of products for customers
14. Economic deregulation sparked competition among carriers in areas. Which of these
is not an area of competition?
a. Services
b. Pricing
c. Accessibility
d. performance
Topic 2: Demand management
1. Select all relevant primary factors that impact consumer demands
a. Seasonal patterns
b. Business cycles
c. Disasters
d. All are correct
2. Which of the following about customer relationship management is false?
a. CRM is to take the highest customer satisfaction through product & services
b. CS is important cause of its affects to customers order, and their quantity
c. Customer service is an important area for supply chain management
d. CRM is a new concept that is used by service industries.
3. What are the possible outcomes of stockout?
a. Buyer back-orders the product
b. Buyer waits until the product is available
c. Seller loses all future revenue
d. All are correct
4. Select all applicable reason(s) that prevents business, firm from managing demand
effectively
a. Insufficient affection to collaborative efforts and strategic plans
b. Too much emphasis on operational forecasts
c. Lack of coordination between business units or departments
d. All are correct
5. As the level of demand for a product increases, its stockout costs to the
manufacturer:
a. Increase
b. Decrease
c. Stay the same
d. Can not be determined
6. Which of the following about CPFR (Collaborative Planning Forecasting
Replenishment) is FALSE?
a. Allows trading partners to agree to a single forecast
b. CPFR consists of major processes
c. SC players can utilise available interest-based technologies to collaboration
d. Removes the need for inventories in trading partners that sub-optimises SC
7. Which one is not a measurement of customer service?
a. Orders received complete
b. Orders receive on time
c. Order filled inaccurately
d. Orders received damage free
8. Which of the following is LEAST likely to improve the accuracy of forecasting and
planning models?
a. Increased data reliability
b. Routine benchmarking of algorithms historical data
c. Dynamic marketplace
d. Sharing of real time data
9. Forecasting of demand generally involves the use of heuristics and quantitative
techniques.
a. True
b. False
10. Customer service can be perceived as (tick all that apply):
a. Performance Measurement
b. Philosophy
c. Activity
d. All are correct
11. As the level of substitutability for a product increases, its stockout costs to the
manufacturer:
a. Stay the same
b. Increase
c. Decrease
d. Cannot be determined
12. Which fulfilment model works best for service levels?
a. Integrated fulfilment model
b. Dropship fulfilment model
c. Dedicated fulfilment model
d. outsourced fulfilment model
13. Terms of sale establish
a. When ownership and title of the goods passes from seller to buyer
b. Who handles freight claims
c. What must be shown on the bill of lading
d. Which transportation made must be used
14. All of the following describe S&OP EXCEPT
a. Results in lower costs
b. Definite near term plan
c. Cross-functional process
d. Encourages continuous improvement
Topic 3: Procurement - Sourcing & Buying

1. The objective of the procurement process is to purchase good/services at the lower
price per unit at the
a. True
b. False
2. Sustainable supply chain should be about:
a. Risk management
b. Resource efficiencies
c. Environmental responsibility
d. All are correct
3. Strategic sourcing as a process is far more broad & comprehensive than the
procurement. The process starts with the:
a. Steering committee
b. List of vendors
c. Decision as whether to make or buy
d. List of criticals
4. When a firm “source strategically”, it is
a. Matching product & raw material flows to minimise transportation costs
b. Seeking least cost vendors
c. Working together with customers & suppliers in a creative, positive way
d. Reacting to competitive strategies
5. _______ has allowed companies to connect to the world’s “knowledge pools” to create
BIZ chances for
a. Technology
b. Organisational consolidation
c. The empowered consumer
d. Globalisation
6. Traditional sourcing tend to rely on cheapest cost and economies of scale
a. True
b. False
7. What do you think may be the reasons for Western companies decision to source
other countries
a. Costs
b. Quality & Proximity
c. None of the above
d. All are correct
8. Criticals are high-risk, high-value items that give the final product a competitive
advantage in
a. True
b. False
9. List the countries known as BRIC: Brazil, Russia, Italy, China
10. All relevant key drivers for strategic sourcing:
a. Deliver more innovative products more frequently & cheaply than competitors
b. Increase number of global competitors
c. Reduce high costs of globalisation & materials … competitors
d. All are correct
11. Which one is a unique aspect of strategic sourcing?
a. Consolidating purchasing power
b. Emphasis on lowest quotations
c. Meaningful supplier relationships & Emphasis …
d. All are correct

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Intro to Log - Assignment B

Topic 3: Procurement - Sourcing & Buying

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