QDM Final Exam Questions With Correct
Answers
Prior to embarking on supply chain design, operations managers must first
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consider - CORRECT ANSWER✔✔-"make-or-buy" and outsourcing decisions.
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What is transferring a firm's activities that have traditionally been internal to
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external suppliers? - CORRECT ANSWER✔✔-outsourcing
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The advantage of having few suppliers is to - CORRECT ANSWER✔✔-form a long-
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term relationship.
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Which of the following mitigation tactics is NOT designed to reduce the risk of
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information loss or distortion? - CORRECT ANSWER✔✔-alternate sourcing
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Which of the following statements is NOT true regarding the bullwhip effect? -
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CORRECT ANSWER✔✔-The bullwhip effect occurs as order are relayed from
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retails, to distributors, to wholesalers, to manufacturers, with fluctuations
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decreasing at each step in the sequence. | | | | | |
A lawnmower assembly plant uses a variety of nuts, bolts, screws, and other
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fasteners in its operation. Its supplier delivers these items directly to the point of
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use on the assembly line and ensures that there are always sufficient quantities
| | | | | | | | | | | | |
of fasteners to maintain the production schedule. - CORRECT ANSWER✔✔-
| | | | | | | | |
vendor-managed inventory. |
, Supply chain managers outsource logistics to meet three goals: - CORRECT
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ANSWER✔✔-drive down inventory investment, lower delivery costs, and improve
| | | | | | | |
delivery reliability and speed.
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Three common measures of supply chain performance are: - CORRECT
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ANSWER✔✔-percentage invested in inventory, inventory turnover, and weeks of | | | | | | | | |
supply.
How many unique supply chains does Darden use? - CORRECT ANSWER✔✔-4
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RAW MATERIALS - CORRECT ANSWER✔✔-All products can be traced back thru
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their supply chain to basic raw materials
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SUPPLY CHAIN - CORRECT ANSWER✔✔-The flow of products (and/or services)
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from raw materials all the way thru to the final customer.
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SCM RISK FACTORS - CORRECT ANSWER✔✔-Natural Disasters, Currency
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Fluctuations, Single Source Risk | | |
SOURCING (aka PROCUREMENT) - CORRECT ANSWER✔✔-In STRATEGIC
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SOURCING we continuously improve how goods and services are purchased to
| | | | | | | | | | |
ensure competitiveness by focusing on quality, cost, and delivery
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SOURCING STRATEGIES - CORRECT ANSWER✔✔-Many Suppliers
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Few Suppliers
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Answers
Prior to embarking on supply chain design, operations managers must first
| | | | | | | | | | |
consider - CORRECT ANSWER✔✔-"make-or-buy" and outsourcing decisions.
| | | | | |
What is transferring a firm's activities that have traditionally been internal to
| | | | | | | | | | | |
external suppliers? - CORRECT ANSWER✔✔-outsourcing
| | | |
The advantage of having few suppliers is to - CORRECT ANSWER✔✔-form a long-
| | | | | | | | | | | |
term relationship.
|
Which of the following mitigation tactics is NOT designed to reduce the risk of
| | | | | | | | | | | | | |
information loss or distortion? - CORRECT ANSWER✔✔-alternate sourcing
| | | | | | |
Which of the following statements is NOT true regarding the bullwhip effect? -
| | | | | | | | | | | | |
CORRECT ANSWER✔✔-The bullwhip effect occurs as order are relayed from
| | | | | | | | | |
retails, to distributors, to wholesalers, to manufacturers, with fluctuations
| | | | | | | | |
decreasing at each step in the sequence. | | | | | |
A lawnmower assembly plant uses a variety of nuts, bolts, screws, and other
| | | | | | | | | | | | |
fasteners in its operation. Its supplier delivers these items directly to the point of
| | | | | | | | | | | | | |
use on the assembly line and ensures that there are always sufficient quantities
| | | | | | | | | | | | |
of fasteners to maintain the production schedule. - CORRECT ANSWER✔✔-
| | | | | | | | |
vendor-managed inventory. |
, Supply chain managers outsource logistics to meet three goals: - CORRECT
| | | | | | | | | | |
ANSWER✔✔-drive down inventory investment, lower delivery costs, and improve
| | | | | | | |
delivery reliability and speed.
| | | |
Three common measures of supply chain performance are: - CORRECT
| | | | | | | | | |
ANSWER✔✔-percentage invested in inventory, inventory turnover, and weeks of | | | | | | | | |
supply.
How many unique supply chains does Darden use? - CORRECT ANSWER✔✔-4
| | | | | | | | | |
RAW MATERIALS - CORRECT ANSWER✔✔-All products can be traced back thru
| | | | | | | | | | |
their supply chain to basic raw materials
| | | | | |
SUPPLY CHAIN - CORRECT ANSWER✔✔-The flow of products (and/or services)
| | | | | | | | | |
from raw materials all the way thru to the final customer.
| | | | | | | | | |
SCM RISK FACTORS - CORRECT ANSWER✔✔-Natural Disasters, Currency
| | | | | | | |
Fluctuations, Single Source Risk | | |
SOURCING (aka PROCUREMENT) - CORRECT ANSWER✔✔-In STRATEGIC
| | | | | | |
SOURCING we continuously improve how goods and services are purchased to
| | | | | | | | | | |
ensure competitiveness by focusing on quality, cost, and delivery
| | | | | | | |
SOURCING STRATEGIES - CORRECT ANSWER✔✔-Many Suppliers
| | | | |
Few Suppliers
|
