TRA Quiz Answers for Final
According to the textbook, conditions which must be present for successful supply chain
management include: - answer Cooperation among firms
According to the textbook, the order of product & service flow is as follows: - answer
Raw material supplier, component manufacturer, end product manufacturer, wholesale
distributor, retailer, end-product consumer
Which of the following can be defined as "The ability to meet the needs of current
supply chain members without hindering the ability to meet the needs of future
generations". - answer Sustainability
Which of the following statements is TRUE? - Answer Strategic partnerships are seen
as one of the foundations of supply chain management
Inaccurate forecasts can result in negative outcomes like: - answer Imbalances in
supply and demand
Which one of the following is NOT a type of qualitative forecasting? - answerSimple
moving average (quantitative)
Using the data set below, what would be the forecast for period 4 using a three period
moving average: (Choose the closest answer.)
Period Actual Demand
1 10000
2. 12400
3 13250
4. 15750
5 20500
6 18500 - answer11883
A positive error implies that a forecast was? - answerToo low
Which of the following is a benefit of CPFR - answerAll of the Above:
-Provides an analysis of key performance metrics
-Integrates planning, forecasting, and logistics activities
-Uses joint planning and promotions management
10. A company wants to forecast sales for the upcoming month and tested several
models. These models produced MSE values (rounded to nearest integer) appearing in
table below.
Forecasting model...MSE
, 3 period moving average...699
4 period weighted moving average...626
Exponential smoothing with alpha = 0.1...646
Naïve forecast...690
Which model should be used to forecast sales? - answer4 Period weighted moving
average
The continuing cycle of erratic demand causing forecasts to include safety stock which
in turn magnify supplier forecasts and cause production planning problems is known as:
- answerBullwhip effect
Which of the following is NOT a reason for outsourcing: - answerprotect proprietary
technology
Given the following make-buy information, what would be the break-even point?
Make Option Buy Option
Fixed Costs $5500 $1500
Variable Costs. $ 4 $ 9 - answer800 units
Suppose the company wants to have 1000 units to meet the demand for the period,
what would have to be the variable cost of buying to breakeven (800 units)? - answer$8
Which is not a party of the eight key supply chain business processes? - answerQuality
management
When a product is purchased which is complicated or highly technical a ________ may
be issued instead of a request for quotation. - answerRequest for proposal
Identifying backup suppliers and logistics services is an activity which is used for -
answerManaging supply chain risk
Failing to see the big pictures is associated with which of the obstacles to process
integration? - answerSilo mentality
Forming cross-functional teams to develop the key process objectives and
accompanying performance measure is an example of: - answerInternal process
integration
Which of the following is NOT a reason for favoring multiple sourcing? - answerLess
quality variability
Which of the following illustrates Forward Vertical Integration? - answerSony buying
trucks to deliver their finished goods inventories to their customers' warehouse
Blanket or open-end purchase orders are suitable for buying - answerOffice supplies
According to the textbook, conditions which must be present for successful supply chain
management include: - answer Cooperation among firms
According to the textbook, the order of product & service flow is as follows: - answer
Raw material supplier, component manufacturer, end product manufacturer, wholesale
distributor, retailer, end-product consumer
Which of the following can be defined as "The ability to meet the needs of current
supply chain members without hindering the ability to meet the needs of future
generations". - answer Sustainability
Which of the following statements is TRUE? - Answer Strategic partnerships are seen
as one of the foundations of supply chain management
Inaccurate forecasts can result in negative outcomes like: - answer Imbalances in
supply and demand
Which one of the following is NOT a type of qualitative forecasting? - answerSimple
moving average (quantitative)
Using the data set below, what would be the forecast for period 4 using a three period
moving average: (Choose the closest answer.)
Period Actual Demand
1 10000
2. 12400
3 13250
4. 15750
5 20500
6 18500 - answer11883
A positive error implies that a forecast was? - answerToo low
Which of the following is a benefit of CPFR - answerAll of the Above:
-Provides an analysis of key performance metrics
-Integrates planning, forecasting, and logistics activities
-Uses joint planning and promotions management
10. A company wants to forecast sales for the upcoming month and tested several
models. These models produced MSE values (rounded to nearest integer) appearing in
table below.
Forecasting model...MSE
, 3 period moving average...699
4 period weighted moving average...626
Exponential smoothing with alpha = 0.1...646
Naïve forecast...690
Which model should be used to forecast sales? - answer4 Period weighted moving
average
The continuing cycle of erratic demand causing forecasts to include safety stock which
in turn magnify supplier forecasts and cause production planning problems is known as:
- answerBullwhip effect
Which of the following is NOT a reason for outsourcing: - answerprotect proprietary
technology
Given the following make-buy information, what would be the break-even point?
Make Option Buy Option
Fixed Costs $5500 $1500
Variable Costs. $ 4 $ 9 - answer800 units
Suppose the company wants to have 1000 units to meet the demand for the period,
what would have to be the variable cost of buying to breakeven (800 units)? - answer$8
Which is not a party of the eight key supply chain business processes? - answerQuality
management
When a product is purchased which is complicated or highly technical a ________ may
be issued instead of a request for quotation. - answerRequest for proposal
Identifying backup suppliers and logistics services is an activity which is used for -
answerManaging supply chain risk
Failing to see the big pictures is associated with which of the obstacles to process
integration? - answerSilo mentality
Forming cross-functional teams to develop the key process objectives and
accompanying performance measure is an example of: - answerInternal process
integration
Which of the following is NOT a reason for favoring multiple sourcing? - answerLess
quality variability
Which of the following illustrates Forward Vertical Integration? - answerSony buying
trucks to deliver their finished goods inventories to their customers' warehouse
Blanket or open-end purchase orders are suitable for buying - answerOffice supplies
