OM 300 Test 3 UA Questions and Answers
A Satisfied Customer - -A supply chain ends with
-An increased sales effort may help a firm reach its profit goals more easily that would
effective cost cutting - -NOT TRUE?
-capacity, speed, and flexibility - -A Response Strategy requires supplier be selected based
primarily on
-Outsourcing - -Transferring a firm's activities that have traditionally been internal to
external
-form long term relationships - -The Advantage of having few suppliers is to
-vertical integration - -developing the ability to produce goods or services previously
purchased or actually buying a supplier or a distributor
-Keiretsu networks - -is part collaboration, part purchasing from few suppliers, and part
vertical integration
-A Joint Venture - -To reduce the risks from vertical integration, firms may choose to
develop some form of formal collaboration known as
-Natural catastrophes - -Toyota attempts to have at least two suppliers, each in a different
geographical region, for each component to mitigate which type of supply chain risk
-Blanket Order - -a long-term purchase commitment to a supplier for items that are to be
delivered against short-term releases to ship
-vendor-managed inventory (VMI) - -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
-Supplier Evaluation - -Which of the following is the first stage of supplier selection?
-Increase the duplication of tasks. - -Which of the following is NOT one of the benefits
accrued from a centralized purchasing function?
-Logistics Management - -What is the term for an approach that seeks efficiency of
operations through the integration of all material acquisition, movement, and storage
activities?
A Satisfied Customer - -A supply chain ends with
-An increased sales effort may help a firm reach its profit goals more easily that would
effective cost cutting - -NOT TRUE?
-capacity, speed, and flexibility - -A Response Strategy requires supplier be selected based
primarily on
-Outsourcing - -Transferring a firm's activities that have traditionally been internal to
external
-form long term relationships - -The Advantage of having few suppliers is to
-vertical integration - -developing the ability to produce goods or services previously
purchased or actually buying a supplier or a distributor
-Keiretsu networks - -is part collaboration, part purchasing from few suppliers, and part
vertical integration
-A Joint Venture - -To reduce the risks from vertical integration, firms may choose to
develop some form of formal collaboration known as
-Natural catastrophes - -Toyota attempts to have at least two suppliers, each in a different
geographical region, for each component to mitigate which type of supply chain risk
-Blanket Order - -a long-term purchase commitment to a supplier for items that are to be
delivered against short-term releases to ship
-vendor-managed inventory (VMI) - -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
-Supplier Evaluation - -Which of the following is the first stage of supplier selection?
-Increase the duplication of tasks. - -Which of the following is NOT one of the benefits
accrued from a centralized purchasing function?
-Logistics Management - -What is the term for an approach that seeks efficiency of
operations through the integration of all material acquisition, movement, and storage
activities?
