78)Which of the following is considered a strategic move to increase supply chai
ID: 378475 • Letter: 7
Question
78)Which of the following is considered a strategic move to increase supply chain resilience? a) Shift some emphasis from efficiency to business continuity b) Maintain higher inventory levels for critical components c) Identify alternate suppliers with different operating conditions d) Create backup of information systems
90)Assume a company has $700,000 worth of inventory and averages $10,000 per day in sales. Also assume it takes 30 days for the average customer to pay off its invoice to this company and it takes 120 days for the company to pay for the materials supplied by its suppliers. What is the company’s average cash-to-cash cycle time? a) 20 days b) 40 days c) -10 days d) -20 days
87)Which of the following statements regarding lean systems is FALSE? a) Lean systems are a “push” type of production planning system b) Lean systems emphasize reduction in setup (changeover) time c) Lean systems emphasize reduction in inventory levels d) Lean systems utilize “kanbans” to signal the need for production
55)All of the following about the Theory of Constraints is true except: a) Assumes that most companies have a goal to make more money now and in the future b) A key necessary condition is to satisfy customer needs now and in the future c) Is primarily focused on optimizing all activities in the organization d) Assumes there are very few factors that truly block the organization from achieving its goal
31)A bill of materials a) is a structured list of all the materials or parts needed to produce one unit of a finished product b) is rarely revised once established c) will lead to sufficient MRP system performance as long as the “threshold degree” of accuracy of approximately 75% is met d) is used as an input for dispatching decisions on the shop floor
69)The type of strategy used with respect to the amount of capacity cushion when "the cost or consequence of running out is approximately in balance with the cost of excess capacity" is called: a) small cushion b) large cushion c) moderate cushion d) none of the above
Explanation / Answer
78) Which of the following is considered a strategic move to increase supply chain resilience? a) Shift some emphasis from efficiency to business continuity b) Maintain higher inventory levels for critical components c) Identify alternate suppliers with different operating conditions d) Create backup of information systems
Supply chain resilience can be achieved by identifying the alternate suppliers with different operating conditions, so that the supply chain can leverage the spread of suppliers in case of disruptions and other such events.
90) Assume a company has $700,000 worth of inventory and averages $10,000 per day in sales. Also assume it takes 30 days for the average customer to pay off its invoice to this company and it takes 120 days for the company to pay for the materials supplied by its suppliers. What is the company’s average cash-to-cash cycle time? a) 20 days b) 40 days c) -10 days d) -20 days
Cash to Cash Cycle = Receivable Days + Inventory Days - Payable Days
Inventory Days = Total Inventory Available/Daily Sales = 700,000/10000 = 70
Receivable Days = 30
Payable Days = 120
Cash to Cash cycle = 30+70-120 = -20 days
87) Which of the following statements regarding lean systems is FALSE? a) Lean systems are a “push” type of production planning system b) Lean systems emphasize reduction in setup (changeover) time c) Lean systems emphasize reduction in inventory levels d) Lean systems utilize “kanbans” to signal the need for production
False - Lean systems are a “push” type of production planning system. They are based on Pull System.
55)All of the following about the Theory of Constraints is true except: a) Assumes that most companies have a goal to make more money now and in the future b) A key necessary condition is to satisfy customer needs now and in the future c) Is primarily focused on optimizing all activities in the organization d) Assumes there are very few factors that truly block the organization from achieving its goal
ToC focusses on optimizing the bottlenecks in the organization and not all the processes, so option C is the right option - Is primarily focused on optimizing all activities in the organization
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