Supply Chain Drivers And Metrics

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Questions Bank

Understanding the Supply Chain
Supply Chain Performance: Achieving Strategic Fit and Scope
Supply Chain Drivers and Metrics
Designing Distribution Networks and Applications to e-Business
Network Design in the Supply Chain
Designing Global Supply Chain Networks
Demand Forecasting in a Supply Chain
Aggregate Planning in a Supply Chain
Sales and Operations Planning: Planning Supply and Demand in a Supply Chain
Coordination in a Supply Chain
Managing Economies of Scale in the Supply Chain: Cycle Inventory
Managing Uncertainty in a Supply Chain: Safety Inventory
Determining the Optimal Level of Product Availability
Transportation in a Supply Chain
Sourcing Decisions in a Supply Chain
Pricing and Revenue Management in a Supply Chain
Sustainability and the Supply Chain

All Questions

Question 1

Free

True/False

The major drivers of supply chain performance are customers, facilities, inventory, transportation, and information.

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False

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Question 2

Free

True/False

The two major types of facilities are production sites and storage sites.

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True

False

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Question 3

Free

True/False

Inventory is an important supply chain driver because changing inventory policies can dramatically alter the supply chain's efficiency and responsiveness.

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True

False

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Question 4

Free

True/False

Information is potentially the biggest driver of performance in the supply chain as it directly affects each of the other drivers.

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True

False

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Question 5

Free

True/False

A facility with little excess capacity will likely be no more or less efficient per unit of product it produces than one with a lot of unused capacity.

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True

False

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Question 6

True/False

The high utilization facility will have difficulty responding to demand fluctuations.

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True

False

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Question 7

True/False

Stock keeping unit (SKU) storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

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True

False

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Question 8

True/False

Warehouse unit storage is the warehousing methodology that uses a traditional warehouse to store all of one type of product together.

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True

False

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Question 9

True/False

The components of inventory decisions include capacity, cycle inventory, safety inventory, seasonal inventory, and sourcing.

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False

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Question 10

True/False

Cycle inventory is inventory that is built up to counter predictable variability in demand.

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True

False

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Question 11

True/False

Seasonal inventory is inventory that is built up to counter predictable variability in demand.

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True

False

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Question 12

True/False

Companies using seasonal inventory will build up inventory in periods of low demand and store it for periods of high demand when they will not have the capacity to produce all that is demanded.

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True

False

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Question 13

True/False

Companies using seasonal inventory will maintain a level inventory increase rate of production for periods of high demand.

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True

False

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Question 14

True/False

A company's ability to find a balance between responsiveness and efficiency that best matches the needs of the customer it is targeting is the key to achieving strategic fit.

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True

False

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Question 15

Multiple Choice

Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $250,000. What is their return on equity (ROE)?

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36.12%

48.40%

20.68%

41.98%

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Question 16

Multiple Choice

Katz reports total revenue of $375,650, cost of goods sold of $267,400 and net income of $48,325. Their total assets are $784,325 and total liabilities are $387,775. What is their return on equity (ROE)?

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33.72%

12.19%

6.16%

21.38%

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Question 17

Multiple Choice

Which of the following would result in lower return on assets for Katz if all other entries in their selected financial data were held constant?

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A reduction in earnings before interest and taxes

An increase in asset turnover

A reduction in total assets

An increase in profit margin

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Question 18

Multiple Choice

Which of the following would result in an improvement in the C2C cycle for Katz if all other entries in their selected financial data were held constant?

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An increase in accounts payable turnover

An increase weeks payable

An increase in weeks receivable

An increase in weeks in inventory

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Question 19

Multiple Choice

Geoff strolled into his local big box retailer in search of sunflower seeds for the flock of cardinals that graced his property during the cold winter. Much to his (and the cardinals') dismay, the shelf where the 50 pound bags of sunflower seeds were kept was bare. He pirouetted and left the store in disgust, empty-handed and fearing the wrath of an angry flock of cardinals when he returned home. This sad scenario illustrates

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safety inventory.

cycle inventory.

a markdown.

a lost sale.

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Question 20

Multiple Choice

Why would anyone in their right mind buy a brand new car in the spring when they know that new car models will appear in late summer and early fall and the dealers will use

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markdowns to move that old inventory?

information systems to move that old inventory?

pull systems to move that old inventory?

lost sales to move that old inventory?

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