ISDS final kelle lsu, ISDS 3115 Final, LSU
ISDS 3115 Kelle DSM's Questions with
correct answers
A |disadvantage |of |the |"few |suppliers" |sourcing |strategy |is:
A. |the |high |cost |of |changing |partners.
B. |the |suppliers |are |less |likely |to |understand |the |broad |objectives |of |the |procuring |firm |and |
the |end |customer.
C. |the |lack |of |cost |savings |for |customers |and |suppliers.
D. |possible |violations |of |the |Sherman |Antitrust |Act.
E. |the |risk |of |not |being |ready |for |technological |change. |- |CORRECT |ANSWER✔✔-the |high |cost |
of |changing |partners.
The |supply |chain |management |opportunity |called |postponement |involves |delaying |deliveries |
to |avoid |accumulation |of |inventory |at |the |customer's |site. |- |CORRECT |ANSWER✔✔-False
All |EXCEPT |which |of |the |following |statements |about |ABC |analysis |are |true? |
A. |In |ABC |analysis, |inventory |may |be |categorized |by |measures |other |than |dollar |volume.
B. |ABC |analysis |is |an |application |of |the |Pareto |principle.
C. |ABC |analysis |categorizes |on-hand |inventory |into |three |groups |based |on |annual |dollar |
volume.
D. |ABC |analysis |suggests |that |there |are |the |critical |few |and |the |trivial |many |inventory |items.
E. |ABC |analysis |suggests |that |all |items |require |the |same |high |degree |of |control. |- |CORRECT |
ANSWER✔✔-C.ABC |analysis |categorizes |on-hand |inventory |into |three |groups |based |on |annual |
dollar |volume.
,Which |of |the |following |is |an |element |of |inventory |holding |costs?
A. |investment |costs
B. |housing |costs
C. |pilferage, |scrap, |and |obsolescence
D. |material |handling |costs
E. |All |of |the |above |are |elements |of |inventory |holding |costs. |- |CORRECT |ANSWER✔✔-E. |All |of |
the |above |are |elements |of |inventory |holding |costs.
A |disadvantage |of |the |fixed-period |inventory |system |is |that:
A. |orders |usually |are |for |larger |quantities.
B. |it |involves |higher |ordering |costs |than |the |fixed |quantity |inventory |system.
C. |additional |inventory |records |are |required.
D |since |there |is |no |count |of |inventory |during |the |review |period, |a |stockout |is |possible.
E. |the |average |inventory |level |is |decreased. |- |CORRECT |ANSWER✔✔-D. |since |there |is |no |count
|of |inventory |during |the |review |period, |a |stockout |is |possible.
Which |of |the |following |statements |is |TRUE |about |the |MRP |plan |when |using |lot-for-lot |
ordering?
A. |The |quantity |of |gross |requirements |for |a |child |item |is |always |equal |to |the |quantity |of |gross |
requirements |for |its |parent.
B. |The |quantity |of |gross |requirements |for |a |child |item |is |equal |to |the |quantity |of |planned |
order |release(s) |multiplied |by |the |number |of |child |items |used |in |the |parent |assembly.
C. |The |quantity |and |gross |requirements |for |a |child |item |is |always |equal |to |the |quantity |of |net |
requirements |for |its |parent.
,D. |The |quantity |of |gross |requirements |for |a |child |item |is |always |equal |to |the |quantity |of |
planned |order |releases |for |its |parent.
E. |All |of |the |above |are |true. |- |CORRECT |ANSWER✔✔-B. |The |quantity |of |gross |requirements |for
|a |child |item |is |equal |to |the |quantity |of |planned |order |release(s) |multiplied |by |the |number |of |
child |items |used |in |the |parent |assembly.
Characteristics |of |just-in-time |partnerships |do |NOT |include:
A. |focus |on |core |competencies.
B. |removal |of |in-transit |inventory.
C. |long-term |contracts.
D. |large |lot |sizes |to |save |on |setup |costs |and |to |gain |quantity |discounts.
E. |produce |with |zero |defects. |- |CORRECT |ANSWER✔✔-D. |large |lot |sizes |to |save |on |setup |costs |
and |to |gain |quantity |discounts.
Which |one |of |the |following |statements |is |TRUE |regarding |JIT |inventory?
A. |It |is |the |minimum |inventory |necessary |to |keep |a |perfect |system |running.
B. |It |exists |just |in |case |something |goes |wrong.
C. |It |hides |variability.
D. |It |increases |if |setup |costs |decrease.
E. |It |is |minimized |with |large |lot |production. |- |CORRECT |ANSWER✔✔-A. |It |is |the |minimum |
inventory |necessary |to |keep |a |perfect |system |running.
Which |of |the |following |is |one |of |the |10 |strategic |operations |management |decisions?
A. |process |and |capacity |strategies
B. |pricing
, C. |debt/equity |ratio
D. |advertising
E. |depreciation |policy |for |tax |returns |- |CORRECT |ANSWER✔✔-A. |process |and |capacity |
strategies
Which |of |the |following |is |not |part |of |value-chain |analysis?
A. |product |research
B. |supply |chain |management
C. |human |resources
D. |quality |management
E. |project |management |- |CORRECT |ANSWER✔✔-E. |project |management
A |combination |of |effective |Gantt |chart |use |and |other |tactics |allowed |Delta |to |cut |the |average |
time |for |a |plane |layover |by |what |% |of |the |original |60 |minute |duration?
A. |20%, |to |48 |minutes
B. |25%, |to |45 |minutes
C. |50%, |to |30 |minutes
D. |33%, |to |40 |minutes
E. |40%, |to |36 |minutes |- |CORRECT |ANSWER✔✔-D.33%, |to |40 |minutes
The |two |general |approaches |to |forecasting |are:
A. |mathematical |and |statistical.
B. |judgmental |and |qualitative.
C. |historical |and |associative.
ISDS 3115 Kelle DSM's Questions with
correct answers
A |disadvantage |of |the |"few |suppliers" |sourcing |strategy |is:
A. |the |high |cost |of |changing |partners.
B. |the |suppliers |are |less |likely |to |understand |the |broad |objectives |of |the |procuring |firm |and |
the |end |customer.
C. |the |lack |of |cost |savings |for |customers |and |suppliers.
D. |possible |violations |of |the |Sherman |Antitrust |Act.
E. |the |risk |of |not |being |ready |for |technological |change. |- |CORRECT |ANSWER✔✔-the |high |cost |
of |changing |partners.
The |supply |chain |management |opportunity |called |postponement |involves |delaying |deliveries |
to |avoid |accumulation |of |inventory |at |the |customer's |site. |- |CORRECT |ANSWER✔✔-False
All |EXCEPT |which |of |the |following |statements |about |ABC |analysis |are |true? |
A. |In |ABC |analysis, |inventory |may |be |categorized |by |measures |other |than |dollar |volume.
B. |ABC |analysis |is |an |application |of |the |Pareto |principle.
C. |ABC |analysis |categorizes |on-hand |inventory |into |three |groups |based |on |annual |dollar |
volume.
D. |ABC |analysis |suggests |that |there |are |the |critical |few |and |the |trivial |many |inventory |items.
E. |ABC |analysis |suggests |that |all |items |require |the |same |high |degree |of |control. |- |CORRECT |
ANSWER✔✔-C.ABC |analysis |categorizes |on-hand |inventory |into |three |groups |based |on |annual |
dollar |volume.
,Which |of |the |following |is |an |element |of |inventory |holding |costs?
A. |investment |costs
B. |housing |costs
C. |pilferage, |scrap, |and |obsolescence
D. |material |handling |costs
E. |All |of |the |above |are |elements |of |inventory |holding |costs. |- |CORRECT |ANSWER✔✔-E. |All |of |
the |above |are |elements |of |inventory |holding |costs.
A |disadvantage |of |the |fixed-period |inventory |system |is |that:
A. |orders |usually |are |for |larger |quantities.
B. |it |involves |higher |ordering |costs |than |the |fixed |quantity |inventory |system.
C. |additional |inventory |records |are |required.
D |since |there |is |no |count |of |inventory |during |the |review |period, |a |stockout |is |possible.
E. |the |average |inventory |level |is |decreased. |- |CORRECT |ANSWER✔✔-D. |since |there |is |no |count
|of |inventory |during |the |review |period, |a |stockout |is |possible.
Which |of |the |following |statements |is |TRUE |about |the |MRP |plan |when |using |lot-for-lot |
ordering?
A. |The |quantity |of |gross |requirements |for |a |child |item |is |always |equal |to |the |quantity |of |gross |
requirements |for |its |parent.
B. |The |quantity |of |gross |requirements |for |a |child |item |is |equal |to |the |quantity |of |planned |
order |release(s) |multiplied |by |the |number |of |child |items |used |in |the |parent |assembly.
C. |The |quantity |and |gross |requirements |for |a |child |item |is |always |equal |to |the |quantity |of |net |
requirements |for |its |parent.
,D. |The |quantity |of |gross |requirements |for |a |child |item |is |always |equal |to |the |quantity |of |
planned |order |releases |for |its |parent.
E. |All |of |the |above |are |true. |- |CORRECT |ANSWER✔✔-B. |The |quantity |of |gross |requirements |for
|a |child |item |is |equal |to |the |quantity |of |planned |order |release(s) |multiplied |by |the |number |of |
child |items |used |in |the |parent |assembly.
Characteristics |of |just-in-time |partnerships |do |NOT |include:
A. |focus |on |core |competencies.
B. |removal |of |in-transit |inventory.
C. |long-term |contracts.
D. |large |lot |sizes |to |save |on |setup |costs |and |to |gain |quantity |discounts.
E. |produce |with |zero |defects. |- |CORRECT |ANSWER✔✔-D. |large |lot |sizes |to |save |on |setup |costs |
and |to |gain |quantity |discounts.
Which |one |of |the |following |statements |is |TRUE |regarding |JIT |inventory?
A. |It |is |the |minimum |inventory |necessary |to |keep |a |perfect |system |running.
B. |It |exists |just |in |case |something |goes |wrong.
C. |It |hides |variability.
D. |It |increases |if |setup |costs |decrease.
E. |It |is |minimized |with |large |lot |production. |- |CORRECT |ANSWER✔✔-A. |It |is |the |minimum |
inventory |necessary |to |keep |a |perfect |system |running.
Which |of |the |following |is |one |of |the |10 |strategic |operations |management |decisions?
A. |process |and |capacity |strategies
B. |pricing
, C. |debt/equity |ratio
D. |advertising
E. |depreciation |policy |for |tax |returns |- |CORRECT |ANSWER✔✔-A. |process |and |capacity |
strategies
Which |of |the |following |is |not |part |of |value-chain |analysis?
A. |product |research
B. |supply |chain |management
C. |human |resources
D. |quality |management
E. |project |management |- |CORRECT |ANSWER✔✔-E. |project |management
A |combination |of |effective |Gantt |chart |use |and |other |tactics |allowed |Delta |to |cut |the |average |
time |for |a |plane |layover |by |what |% |of |the |original |60 |minute |duration?
A. |20%, |to |48 |minutes
B. |25%, |to |45 |minutes
C. |50%, |to |30 |minutes
D. |33%, |to |40 |minutes
E. |40%, |to |36 |minutes |- |CORRECT |ANSWER✔✔-D.33%, |to |40 |minutes
The |two |general |approaches |to |forecasting |are:
A. |mathematical |and |statistical.
B. |judgmental |and |qualitative.
C. |historical |and |associative.
