QDM Exam 3 Questions With Correct
Answers
What raw material do you think the camera lens in your mobile phone is made
| | | | | | | | | | | | | | |
from?
Carbon dioxide |
Potassium and lead silicates | | |
Sodium bicarbonate |
Aluminum oxide - CORRECT ANSWER✔✔-potassium and lead silicates
| | | | | | |
What is it called when uncertainty and miscommunication among the players in a
| | | | | | | | | | | |
supply chain cause over-reactions resulting in sub-optimal results.
| | | | | | | |
Procurement
Postponement
The Bullwhip Effect
| |
Sole Sourcing - CORRECT ANSWER✔✔-The bullwhip effect
| | | | | |
When is the many supplier strategy more appropriate?
| | | | | | |
When purchasing a strategically critical product or service from a market that has
| | | | | | | | | | | | |
only one or two qualified providers.
| | | | |
When purchasing a less critical product or service from a market that has a
| | | | | | | | | | | | | |
number of qualified providers. - CORRECT ANSWER✔✔-When purchasing a less
| | | | | | | | | |
critical product or service from a market that has a number of qualified providers.
| | | | | | | | | | | | |
,What does RFP stand for? | | | |
Really Flawed Process | |
Reasonably Fair Purchase | |
Correct! Request For Proposal | | |
Require Fewer Providers - CORRECT ANSWER✔✔-Request for proposal
| | | | | | |
TRUE or FALSE: Vertical Integration can mean either internally developing a
| | | | | | | | | | |
capability that your company needs or purchasing a supplier that already has that
| | | | | | | | | | | |
capability.
|
Correct! TRUE |
FALSE - CORRECT ANSWER✔✔-True| | |
Is a Joint Venture a legal partnership?
| | | | | |
Correct! Yes - the parties agree to work together, and their responsibilities and
| | | | | | | | | | | | |
performance requirements are governed by a contract. | | | | | |
No - although a JV agreement is put in place, the parties are not required to work
| | | | | | | | | | | | | | | |
in partnership. - CORRECT ANSWER✔✔-Yes - the parties agree to work together,
| | | | | | | | | | | | |
and their responsibilities and performance requirements are governed by a
| | | | | | | | | |
contract.
Which of the following best describes a Japanese Keiretsu Network?
| | | | | | | | |
An online marketplace formed by companies in the same supply chain
| | | | | | | | | |
Correct! A business alliance formed by several companies in a supply chain
| | | | | | | | | | |
A multi-company competition to dominate a supply chain
| | | | | | |
, A supply chain controlled by a single, dominant company - CORRECT
| | | | | | | | | | |
ANSWER✔✔-A business alliance formed by several companies in a supply chain
| | | | | | | | | |
The Make vs Buy (MvB) formula should look familiar to you. What is another term
| | | | | | | | | | | | | |
we could use for the Indifference Quantity?
| | | | | | |
Upper Spec Limit | |
Capability Quantity |
Capacity Utilization |
Correct! Crossover Point - CORRECT ANSWER✔✔-crossover point
| | | | | |
Consider the OFFICE SUPPLIES example.
| | | |
Where would your place the category of OFFIC SUPPLIES on Kruhlich's sourcing
| | | | | | | | | | | |
matrix?
High Impact High Risk Strategic Items
| | | | |
High Impact Low Risk Leverage Items
| | | | |
Low Impact High Risk Bottleneck Items
| | | | |
Correct! Low Impact Low Risk Non-Critical Items - CORRECT ANSWER✔✔-low
| | | | | | | | | |
impact low risk non critical items
| | | | |
Which trend direction is preferable for percentage of assets invested in
| | | | | | | | | | |
inventory?
Upward
Correct! Downward - CORRECT ANSWER✔✔-downward
| | | |
Which trend direction is preferable for inventory turnover?
| | | | | | |
Answers
What raw material do you think the camera lens in your mobile phone is made
| | | | | | | | | | | | | | |
from?
Carbon dioxide |
Potassium and lead silicates | | |
Sodium bicarbonate |
Aluminum oxide - CORRECT ANSWER✔✔-potassium and lead silicates
| | | | | | |
What is it called when uncertainty and miscommunication among the players in a
| | | | | | | | | | | |
supply chain cause over-reactions resulting in sub-optimal results.
| | | | | | | |
Procurement
Postponement
The Bullwhip Effect
| |
Sole Sourcing - CORRECT ANSWER✔✔-The bullwhip effect
| | | | | |
When is the many supplier strategy more appropriate?
| | | | | | |
When purchasing a strategically critical product or service from a market that has
| | | | | | | | | | | | |
only one or two qualified providers.
| | | | |
When purchasing a less critical product or service from a market that has a
| | | | | | | | | | | | | |
number of qualified providers. - CORRECT ANSWER✔✔-When purchasing a less
| | | | | | | | | |
critical product or service from a market that has a number of qualified providers.
| | | | | | | | | | | | |
,What does RFP stand for? | | | |
Really Flawed Process | |
Reasonably Fair Purchase | |
Correct! Request For Proposal | | |
Require Fewer Providers - CORRECT ANSWER✔✔-Request for proposal
| | | | | | |
TRUE or FALSE: Vertical Integration can mean either internally developing a
| | | | | | | | | | |
capability that your company needs or purchasing a supplier that already has that
| | | | | | | | | | | |
capability.
|
Correct! TRUE |
FALSE - CORRECT ANSWER✔✔-True| | |
Is a Joint Venture a legal partnership?
| | | | | |
Correct! Yes - the parties agree to work together, and their responsibilities and
| | | | | | | | | | | | |
performance requirements are governed by a contract. | | | | | |
No - although a JV agreement is put in place, the parties are not required to work
| | | | | | | | | | | | | | | |
in partnership. - CORRECT ANSWER✔✔-Yes - the parties agree to work together,
| | | | | | | | | | | | |
and their responsibilities and performance requirements are governed by a
| | | | | | | | | |
contract.
Which of the following best describes a Japanese Keiretsu Network?
| | | | | | | | |
An online marketplace formed by companies in the same supply chain
| | | | | | | | | |
Correct! A business alliance formed by several companies in a supply chain
| | | | | | | | | | |
A multi-company competition to dominate a supply chain
| | | | | | |
, A supply chain controlled by a single, dominant company - CORRECT
| | | | | | | | | | |
ANSWER✔✔-A business alliance formed by several companies in a supply chain
| | | | | | | | | |
The Make vs Buy (MvB) formula should look familiar to you. What is another term
| | | | | | | | | | | | | |
we could use for the Indifference Quantity?
| | | | | | |
Upper Spec Limit | |
Capability Quantity |
Capacity Utilization |
Correct! Crossover Point - CORRECT ANSWER✔✔-crossover point
| | | | | |
Consider the OFFICE SUPPLIES example.
| | | |
Where would your place the category of OFFIC SUPPLIES on Kruhlich's sourcing
| | | | | | | | | | | |
matrix?
High Impact High Risk Strategic Items
| | | | |
High Impact Low Risk Leverage Items
| | | | |
Low Impact High Risk Bottleneck Items
| | | | |
Correct! Low Impact Low Risk Non-Critical Items - CORRECT ANSWER✔✔-low
| | | | | | | | | |
impact low risk non critical items
| | | | |
Which trend direction is preferable for percentage of assets invested in
| | | | | | | | | | |
inventory?
Upward
Correct! Downward - CORRECT ANSWER✔✔-downward
| | | |
Which trend direction is preferable for inventory turnover?
| | | | | | |
