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BUAD 331 Final Exam from the University of
Tennessee, Knoxville (UTK) 2025/2026 Updated
Version
A new company is interested in implementing lean order
fulfillment to decrease costs. Which of the following best
describes the strategy the company should follow to take
advantage of lean 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 manufacturers' discounts.
c. Increase complexity in the supply chain to ensure
products are made to automobile manufacturers' strict
specifications.
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d. Reduce order setup times and integrate across internal
functions and externally with key suppliers to reduce cycle
times and variance.
e. Select suppliers based on lowest unit purchase price
regardless of delivery reliability. - ANSWER-d. Reduce
order setup times and integrate across internal functions
and externally with key suppliers to reduce cycle times
and variance.
Which of the following best describes SRM?
a. A reporting system meant to help personnel identify and
nurture leads, convert leads to customers, and retain new
and existing customers
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b. A reporting system that leverages a centralized
repository, which contains organizational and transactional
data
c. A reporting system that compiles historical sales trends
to better predict future demand
d. A reporting system that allows companies to optimize
their procurement strategy, to work more effectively with
their supplier pool, and to gain long-term benefits from all
supplier relationships
e. A reporting system that facilitates a shared
understanding of product ideation, development, and
launch by storing product data and history - ANSWER-d. A
reporting system that allows companies to optimize their
procurement strategy, to work more effectively with their
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supplier pool, and to gain long-term benefits from all
supplier relationships
Electronic Data Interchange does which of the following?
a. communicates via computers
b. helps to create electronic linkages between supply
chain partners
c. All of these answer choices are correct
d. establishes electronic linkages by facilitating
interorganizational exchanges of information - ANSWER-c.
All of these answer choices are correct
Which of the following best describes inventory and
network optimization tools?
BUAD 331 Final Exam from the University of
Tennessee, Knoxville (UTK) 2025/2026 Updated
Version
A new company is interested in implementing lean order
fulfillment to decrease costs. Which of the following best
describes the strategy the company should follow to take
advantage of lean 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 manufacturers' discounts.
c. Increase complexity in the supply chain to ensure
products are made to automobile manufacturers' strict
specifications.
,2|Page
d. Reduce order setup times and integrate across internal
functions and externally with key suppliers to reduce cycle
times and variance.
e. Select suppliers based on lowest unit purchase price
regardless of delivery reliability. - ANSWER-d. Reduce
order setup times and integrate across internal functions
and externally with key suppliers to reduce cycle times
and variance.
Which of the following best describes SRM?
a. A reporting system meant to help personnel identify and
nurture leads, convert leads to customers, and retain new
and existing customers
,3|Page
b. A reporting system that leverages a centralized
repository, which contains organizational and transactional
data
c. A reporting system that compiles historical sales trends
to better predict future demand
d. A reporting system that allows companies to optimize
their procurement strategy, to work more effectively with
their supplier pool, and to gain long-term benefits from all
supplier relationships
e. A reporting system that facilitates a shared
understanding of product ideation, development, and
launch by storing product data and history - ANSWER-d. A
reporting system that allows companies to optimize their
procurement strategy, to work more effectively with their
, 4|Page
supplier pool, and to gain long-term benefits from all
supplier relationships
Electronic Data Interchange does which of the following?
a. communicates via computers
b. helps to create electronic linkages between supply
chain partners
c. All of these answer choices are correct
d. establishes electronic linkages by facilitating
interorganizational exchanges of information - ANSWER-c.
All of these answer choices are correct
Which of the following best describes inventory and
network optimization tools?
