BUAD 331 Exam 3 LATEST WITH QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+
GUARANTEED 100% PASS
Which of the following is not a technique for fulfilling customer orders?
A. Supply cycle time
B. Anticipate form, time, and place
C. Full Postponement
D. Make to stock, postpone time/place - (answer)A. Supply cycle time
Define order cycle time.
A. The total cost of ownership combined with the customer value of a product
B. The total elapsed time from when the customer first recognizes need to when that need is ultimately
fulfilled
C. The total elapsed time from when the customer first orders the product to when that product is
shipped to them
D. None of the above - (answer)B. The total elapsed time from when the customer first recognizes need
to when that need is ultimately fulfilled
The difference between the customer's desired order cycle time and the total supply chain order cycle
time is known as:
A. order cycle time
B. logistics lead time
C. customer delivery cycle
D. lead time gap - (answer)D. lead time gap
Ted's Wicked Dive Shop needs to put together a re-order plan for breathing regulators. Given that this
product is high cost and highly customized in order to meet the unique demands of different divers, Ted
should utilize which of the following strategies?
A. Order regulators when all existing stock reaches the re-order point (ROP)
B. Order product from the supplier that gives him the best price at the time of order
C. Order regulators twice per year to keep set-up and order placement costs to a minimum
,BUAD 331 Exam 3 LATEST WITH QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+
GUARANTEED 100% PASS
D. Order regulators based on actual customer orders and work with supplier-partners to quickly
configure and ship the regulators directly to customers
E. Order regulators in bulk using a manufacturing demand forecast model coupled with a long lead-time
based EOQ to take advantage of manufacturing and transportation discounts - (answer)D. Order
regulators based on actual customer orders and work with supplier-partners to quickly configure and
ship the regulators directly to customers
If average daily demand for a product is 5 units and average lead time for an order to arrive is 7 days,
what is the reorder point (ROP) for the product?
A. 21 units
B. 12 units
C. 7 units
D. 5 units
E. 35 units - (answer)E. 35 units
Ted and his friend Matt start a new company called Crabman Auto Parts. They have heard about agile
order fulfillment and are interested in implementing it to decrease costs. Which of the following best
describes the strategy Crabman Auto Parts should follow to take advantage of agile order fulfillment?
A, Increase variability of demand by running frequent promotional campaigns and discounts for select
products
B. Purchase off-season products in bulk to take advantage of manufacturer's discounts
C. Increase complexity in the supply chain to ensure products are made to automobile manufacturer's
strict specifications
D. Synchronize information exchange across the supply chain and form strategic relationships with key
customers and suppliers
E. Select suppliers based on lowest unit purchase price regardless of delivery reliability - (answer)D.
Synchronize information exchange across the supply chain and form strategic relationships with key
customers and suppliers
The economic order quantity (EOQ) model aims to:
, BUAD 331 Exam 3 LATEST WITH QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+
GUARANTEED 100% PASS
A. calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying
costs.
B. minimize inventory costs by eliminating safety stock.
C. minimize total supply chain landed costs.
D. establish the optimal amount of inventory to be reordered by balancing carrying costs with
transportation costs. - (answer)A. calculate the optimal amount of inventory to be reordered by
balancing ordering costs with carrying costs.
The move to lean and then responsive value creation requires a "paradigm shift" from a ________
mentality to a customer ________ mentality.
A. Hybrid style, retention
B. Product-focused push, demand-focused pull
C. Demand-focused push, product-focused pull
D. Product-order completion, time-saving - (answer)B. Product-focused push, demand-focused pull
In high-end restaurants, steaks are generally cooked after the wait staff place the order to the kitchen
with customers' preference. Which of the following techniques best describes the fulfillment of steak
orders to the final customer?
A. Anticipatory
B. Responsive
C. Postpone
D. Lean - (answer)B. Responsive
Ted wanted to paint his upstairs hallway. He selected 4 different colors of brown/ beige and chose
"Puppy Paws," which Lowe's mixed for him on site. This method of order fulfillment is an example of
________.
A. Time postponement
B. Place postponement
C. Logistics postponement
GUARANTEED 100% PASS
Which of the following is not a technique for fulfilling customer orders?
A. Supply cycle time
B. Anticipate form, time, and place
C. Full Postponement
D. Make to stock, postpone time/place - (answer)A. Supply cycle time
Define order cycle time.
A. The total cost of ownership combined with the customer value of a product
B. The total elapsed time from when the customer first recognizes need to when that need is ultimately
fulfilled
C. The total elapsed time from when the customer first orders the product to when that product is
shipped to them
D. None of the above - (answer)B. The total elapsed time from when the customer first recognizes need
to when that need is ultimately fulfilled
The difference between the customer's desired order cycle time and the total supply chain order cycle
time is known as:
A. order cycle time
B. logistics lead time
C. customer delivery cycle
D. lead time gap - (answer)D. lead time gap
Ted's Wicked Dive Shop needs to put together a re-order plan for breathing regulators. Given that this
product is high cost and highly customized in order to meet the unique demands of different divers, Ted
should utilize which of the following strategies?
A. Order regulators when all existing stock reaches the re-order point (ROP)
B. Order product from the supplier that gives him the best price at the time of order
C. Order regulators twice per year to keep set-up and order placement costs to a minimum
,BUAD 331 Exam 3 LATEST WITH QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+
GUARANTEED 100% PASS
D. Order regulators based on actual customer orders and work with supplier-partners to quickly
configure and ship the regulators directly to customers
E. Order regulators in bulk using a manufacturing demand forecast model coupled with a long lead-time
based EOQ to take advantage of manufacturing and transportation discounts - (answer)D. Order
regulators based on actual customer orders and work with supplier-partners to quickly configure and
ship the regulators directly to customers
If average daily demand for a product is 5 units and average lead time for an order to arrive is 7 days,
what is the reorder point (ROP) for the product?
A. 21 units
B. 12 units
C. 7 units
D. 5 units
E. 35 units - (answer)E. 35 units
Ted and his friend Matt start a new company called Crabman Auto Parts. They have heard about agile
order fulfillment and are interested in implementing it to decrease costs. Which of the following best
describes the strategy Crabman Auto Parts should follow to take advantage of agile order fulfillment?
A, Increase variability of demand by running frequent promotional campaigns and discounts for select
products
B. Purchase off-season products in bulk to take advantage of manufacturer's discounts
C. Increase complexity in the supply chain to ensure products are made to automobile manufacturer's
strict specifications
D. Synchronize information exchange across the supply chain and form strategic relationships with key
customers and suppliers
E. Select suppliers based on lowest unit purchase price regardless of delivery reliability - (answer)D.
Synchronize information exchange across the supply chain and form strategic relationships with key
customers and suppliers
The economic order quantity (EOQ) model aims to:
, BUAD 331 Exam 3 LATEST WITH QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+
GUARANTEED 100% PASS
A. calculate the optimal amount of inventory to be reordered by balancing ordering costs with carrying
costs.
B. minimize inventory costs by eliminating safety stock.
C. minimize total supply chain landed costs.
D. establish the optimal amount of inventory to be reordered by balancing carrying costs with
transportation costs. - (answer)A. calculate the optimal amount of inventory to be reordered by
balancing ordering costs with carrying costs.
The move to lean and then responsive value creation requires a "paradigm shift" from a ________
mentality to a customer ________ mentality.
A. Hybrid style, retention
B. Product-focused push, demand-focused pull
C. Demand-focused push, product-focused pull
D. Product-order completion, time-saving - (answer)B. Product-focused push, demand-focused pull
In high-end restaurants, steaks are generally cooked after the wait staff place the order to the kitchen
with customers' preference. Which of the following techniques best describes the fulfillment of steak
orders to the final customer?
A. Anticipatory
B. Responsive
C. Postpone
D. Lean - (answer)B. Responsive
Ted wanted to paint his upstairs hallway. He selected 4 different colors of brown/ beige and chose
"Puppy Paws," which Lowe's mixed for him on site. This method of order fulfillment is an example of
________.
A. Time postponement
B. Place postponement
C. Logistics postponement
