BUAD 331 FINAL (MOD 13,14,19,17,18,21) | QUESTIONS AND
ANSWERS | LATEST UPDATE
___ involves applying a set of process improvement Lean fulfillment
techniques with a goal of improving efficiency.
EOQ
Supply chain management
Lean fulfillment
ROP
None of the above
The order cycle begins with __ and ends when ___. -customer need recognition; the customer acknowledges their need as fulfilled
- order shipment; the order is completed
-customer need recognition; the order is completed
-customer need recognition; the customer acknowledges
their need as fulfilled
The first step the supply chain must take after an order is all of
these transmitted is to ask
what should we produce or purchase.
None of these
All of these
how much should we produce or purchase.
where and when should we position the product or
service.
,Anticipatory and lean systems work well for items that are all of these
.
low-value
standard
All of
these
commodities
When considering value fulfillment, we must remember increases
that with longer planning horizons, uncertainty
.
fluxgates
remains consistent
does not follow a pattern
decreases
increases
The difference between the total supply chain order cycle lead
time gap time and the time customers are willing to wait to have
their need fulfilled is known as the .
industry standard order cycle time
None of these
All of these
lead time
gap
optimized processing time
EOQ seeks to balance and . order costs; the cost of carrying inventory
setup costs; transportation costs
order costs; setup costs
order costs; the cost of carrying inventory
the cost of carrying inventory; transportation costs
transportation costs; order costs
Responsive value creation is best for products High customization and high demand
uncertainty characterized by which of the following.
Short product life cycles and low demand uncertainty
High product value and long product life cycles
High customization and high demand uncertainty
Low customization and high demand uncertainty
High demand uncertainty and long product lifecycles
, In a/an fulfillment system, collaborative capacity plans responsive
ensure that sufficient levels of inputs are in place in
advance of demand, but no actual operations are
conducted until after orders are received.
responsive
anticipatory
proactive
precatory
efficient
Which of the following are included in the cost of all of the
above carrying inventory?
The cost of the facility where inventory is held
Insurance and taxes
All of the above
The cost of handling inventory
Utility costs for holding facilities
What concepts did Dell Computer and Amazon pioneer? Postponement and Responsiveness
Postponement and Responsiveness
Variation and Uncertainty
What type of retail inventory management strategy lean
backfired during COVID?
Pull
Push
lean
What example did Dr.Stank use to explain Alabama vs. Tennessee football game
postponement?
Aircraft carrier sourcing contract
Alabama vs. Tennessee football game
Walmart order process
define order cycle time -The total elapsed time from when the customer first recognizes need to when
that need is ultimately fulfilled
-The total cost of ownership combined with the customer
value of a product
-The total elapsed time from when the customer first
recognizes need to when that need is ultimately fulfilled
-The total elapsed time from when the customer
first orders the product to when that product is
shipped to them
-None of the above
ANSWERS | LATEST UPDATE
___ involves applying a set of process improvement Lean fulfillment
techniques with a goal of improving efficiency.
EOQ
Supply chain management
Lean fulfillment
ROP
None of the above
The order cycle begins with __ and ends when ___. -customer need recognition; the customer acknowledges their need as fulfilled
- order shipment; the order is completed
-customer need recognition; the order is completed
-customer need recognition; the customer acknowledges
their need as fulfilled
The first step the supply chain must take after an order is all of
these transmitted is to ask
what should we produce or purchase.
None of these
All of these
how much should we produce or purchase.
where and when should we position the product or
service.
,Anticipatory and lean systems work well for items that are all of these
.
low-value
standard
All of
these
commodities
When considering value fulfillment, we must remember increases
that with longer planning horizons, uncertainty
.
fluxgates
remains consistent
does not follow a pattern
decreases
increases
The difference between the total supply chain order cycle lead
time gap time and the time customers are willing to wait to have
their need fulfilled is known as the .
industry standard order cycle time
None of these
All of these
lead time
gap
optimized processing time
EOQ seeks to balance and . order costs; the cost of carrying inventory
setup costs; transportation costs
order costs; setup costs
order costs; the cost of carrying inventory
the cost of carrying inventory; transportation costs
transportation costs; order costs
Responsive value creation is best for products High customization and high demand
uncertainty characterized by which of the following.
Short product life cycles and low demand uncertainty
High product value and long product life cycles
High customization and high demand uncertainty
Low customization and high demand uncertainty
High demand uncertainty and long product lifecycles
, In a/an fulfillment system, collaborative capacity plans responsive
ensure that sufficient levels of inputs are in place in
advance of demand, but no actual operations are
conducted until after orders are received.
responsive
anticipatory
proactive
precatory
efficient
Which of the following are included in the cost of all of the
above carrying inventory?
The cost of the facility where inventory is held
Insurance and taxes
All of the above
The cost of handling inventory
Utility costs for holding facilities
What concepts did Dell Computer and Amazon pioneer? Postponement and Responsiveness
Postponement and Responsiveness
Variation and Uncertainty
What type of retail inventory management strategy lean
backfired during COVID?
Pull
Push
lean
What example did Dr.Stank use to explain Alabama vs. Tennessee football game
postponement?
Aircraft carrier sourcing contract
Alabama vs. Tennessee football game
Walmart order process
define order cycle time -The total elapsed time from when the customer first recognizes need to when
that need is ultimately fulfilled
-The total cost of ownership combined with the customer
value of a product
-The total elapsed time from when the customer first
recognizes need to when that need is ultimately fulfilled
-The total elapsed time from when the customer
first orders the product to when that product is
shipped to them
-None of the above
