1|Page
OM 300 CHILCUTT EXAM FINAL EXAM 2025
EACH EXAM CONTAINS COMPLETE
ACCURATE QUESTIONS AND CORRECT TEST
BANK VERIFIED ANSWERS (A NEW UPDATED
VERSIONS 2025) |GUARANTEED PASS A+
(BRAND NEW!)
1. The coordination of all supply chain activities, starting with raw
materials and ending with a satisfied customer
2. .Includes suppliers, manufacturers and/or service providers,
distributors, wholesalers, retailers, and final customers
......answer.... Explain the strategic importance of the supply chain.
(2 things)
1. Many suppliers
2. Few suppliers
3. Vertical integration
4. Joint ventures
5. Keiretsu networks
6. Virtual companies ......answer.....What are the 6 sourcing
strategies:
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many suppliers ......answer.....type of souring strategy that is
commonly used to COMMODITY products (ex: oil, gold, base
metals); purchasing is typically based on PRICE; suppliers compete
with one another
few suppliers ......answer.....type of sourcing strategy where buyer
forms LONGER TERM relationship with fewer suppliers; create
VALUE through economies of scale; cost of changing suppliers is
HUGE
vertical integration ......answer.....type of sourcing strategy typically
more common in risky industries developing the ability to product
goods or services previously purchased
vertical ......answer.....____________ integration can be forward or
backward
joint ventures ......answer.....which sourcing strategy is this:
formal collaboration (enhance skills, secure supply, and reduce
costs)
joint ventures ......answer.....the challenge of _______ ________ is
cooperation without diluting brand or conceding competitive
advantage
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keiretsu networks ......answer.....type of sourcing strategy that acts
as a middle group between few suppliers and vertical integration;
supplier becomes part of the company COALITION
keiretsu ......answer.....in _________ networks, members expect
long-term relationships and provide technical expertise and stable
deliveries
virtual companies ......answer.....type of sourcing strategy that relies
on a variety of supplier relationships to provide SERVICES ON
DEMAND (relationships may be short or long term)
1. More reliance on supply chains means more risk
2. Fewer suppliers increase dependence3. Compounded by
globalization and logistical complexity
4. Vendor reliability and quality risks
5. Political and currency risks ......answer.....supply chain risks (5
things):
1. accurate pull data (shared information)
2. lot size reduction (shipping, discounts, reduced ordering costs)
3. blanket orders against which actual orders are released
4. single supply chain member responsible for ordering
5. vendor managed inventory (VMI) ......answer.....what are the 5
opportunities for managing the integrated supply chain?
, 4|Page
1. local optimization can magnify fluctuations
2. incentives push merchandise into the supply chain for sales that
have not occured
3. large lots reduce shipping/production costs but increase
inventory holding and do not r4eflect actual sales
......answer.....what are the 3 ISSUES for managing the integrated
supply chain?
bullwhip effect ......answer.....the tendency for larger order size
fluctuations as orders are relayed through the supply chain
coordination; planning ......answer.....damage from the bullwhip
effect can be managed with SUPPLIER ___________ and _________
1. point of origin
2. warehousing
3. transit
4. destination ......answer.....what are the 4 critical points of logistic
management?
trucking, railroads, air, waterways, pipelines,
multimodal/intermodal ......answer.....list the types of shipping
systems (6):
OM 300 CHILCUTT EXAM FINAL EXAM 2025
EACH EXAM CONTAINS COMPLETE
ACCURATE QUESTIONS AND CORRECT TEST
BANK VERIFIED ANSWERS (A NEW UPDATED
VERSIONS 2025) |GUARANTEED PASS A+
(BRAND NEW!)
1. The coordination of all supply chain activities, starting with raw
materials and ending with a satisfied customer
2. .Includes suppliers, manufacturers and/or service providers,
distributors, wholesalers, retailers, and final customers
......answer.... Explain the strategic importance of the supply chain.
(2 things)
1. Many suppliers
2. Few suppliers
3. Vertical integration
4. Joint ventures
5. Keiretsu networks
6. Virtual companies ......answer.....What are the 6 sourcing
strategies:
,2|Page
many suppliers ......answer.....type of souring strategy that is
commonly used to COMMODITY products (ex: oil, gold, base
metals); purchasing is typically based on PRICE; suppliers compete
with one another
few suppliers ......answer.....type of sourcing strategy where buyer
forms LONGER TERM relationship with fewer suppliers; create
VALUE through economies of scale; cost of changing suppliers is
HUGE
vertical integration ......answer.....type of sourcing strategy typically
more common in risky industries developing the ability to product
goods or services previously purchased
vertical ......answer.....____________ integration can be forward or
backward
joint ventures ......answer.....which sourcing strategy is this:
formal collaboration (enhance skills, secure supply, and reduce
costs)
joint ventures ......answer.....the challenge of _______ ________ is
cooperation without diluting brand or conceding competitive
advantage
,3|Page
keiretsu networks ......answer.....type of sourcing strategy that acts
as a middle group between few suppliers and vertical integration;
supplier becomes part of the company COALITION
keiretsu ......answer.....in _________ networks, members expect
long-term relationships and provide technical expertise and stable
deliveries
virtual companies ......answer.....type of sourcing strategy that relies
on a variety of supplier relationships to provide SERVICES ON
DEMAND (relationships may be short or long term)
1. More reliance on supply chains means more risk
2. Fewer suppliers increase dependence3. Compounded by
globalization and logistical complexity
4. Vendor reliability and quality risks
5. Political and currency risks ......answer.....supply chain risks (5
things):
1. accurate pull data (shared information)
2. lot size reduction (shipping, discounts, reduced ordering costs)
3. blanket orders against which actual orders are released
4. single supply chain member responsible for ordering
5. vendor managed inventory (VMI) ......answer.....what are the 5
opportunities for managing the integrated supply chain?
, 4|Page
1. local optimization can magnify fluctuations
2. incentives push merchandise into the supply chain for sales that
have not occured
3. large lots reduce shipping/production costs but increase
inventory holding and do not r4eflect actual sales
......answer.....what are the 3 ISSUES for managing the integrated
supply chain?
bullwhip effect ......answer.....the tendency for larger order size
fluctuations as orders are relayed through the supply chain
coordination; planning ......answer.....damage from the bullwhip
effect can be managed with SUPPLIER ___________ and _________
1. point of origin
2. warehousing
3. transit
4. destination ......answer.....what are the 4 critical points of logistic
management?
trucking, railroads, air, waterways, pipelines,
multimodal/intermodal ......answer.....list the types of shipping
systems (6):
