1. (TCO 7) Which of the following is not a demand management characteristic give
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1. (TCO 7) Which of the following is not a demand management characteristic given in the textbook? (Points : 5) Demand management recognizes forecasts are developed at a centralized point in the organization.Demand management smooths production after master production schedules have already been released to internal production and external suppliers.
Demand management is a process (versus a bounded business function) that requires the utmost in coordination and communication between the responsible parties.
Demand management has contingency plans developed with supply chain members to allow modification of short-term schedules when necessary.
Demand management balances the total costs of not meeting demand against the total costs of adding additional resources required to meet demand. Question 2.2. (TCO 7) Demand management means _____. (Points : 5) better forecasting
more JIT use
ERP systems
close collaboration and information sharing between buyer and seller
All of the above Question 3.3. (TCO 7) Which of the following is not a typical logistics manager activity? (Points : 5) Traffic and transportation
Warehousing and storage
Industrial packaging
Materials handling
Information technology management Question 4.4. (TCO 8) Which of the following was not a conclusion about transformational training as presented in Chapter 22? (Points : 5) During boom times, firms don't have time for training.
During bad times, firms should be getting ready for the next upside of the cycle.
During bad times firms often claim that they can't afford training.
Without training, employees will leave their companies.
Training should be a vehicle of transformation. Question 5.5. (TCO 8) Which of the following is not one of the 12 golden rules of value network management? (Points : 5) Operate supply management as an integrated system, including customers, operations, quality, demand management, supply management, logistics, and suppliers.
Implement continuous improvement in all activities internally and externally,
Make all supplier relationships alliances.
Focus on the total cost of ownership, not the purchase price.
Train and educate supply personnel in world-class processes, leadership, and change management. Question 6.6. (TCO 8) The progression to value network management should include all of the following activities and approaches, except one. Which one should not be included? (Points : 5) Supply management
Strategic sourcing
Monitor supply environment
Develop and implement commodity strategies
Largest supply base possible Question 7.7. (TCO 6) The “Bottom Line” in deciding if there is a contract is _____. (Points : 5) the written word
whether the parties act as if they have a contract
what the UCC says
determined by litigation
settled by arbitration Question 8.8. (TCO 6) Which of the following is not true of mediation? (Points : 5) If negotiation fails, the disputants can consider mediation.
Mediation involves introducing a third-party into the discussion.
Mediation always results in the two parties ceasing all business dealings.
The mediator's role is to listen, sympathize, empathize, coax, cajole, and persuade.
One thing the mediator may not do is decide anything. Question 9.9. (TCO 6) Which of the following is not true of litigation? (Points : 5) Litigation should be attempted before arbitration.
Some maintain that if a commercial dispute reaches litigation, the disputants -- regardless of the outcome—have already lost.
In litigation, costs tend to be maximized.
Litigation usually requires the greatest amount of time as compared to other dispute resolution methods.
Litigation can damage the relationship between the buying and supplying firm. Question 10.10. (TCO 6) Which of the following is not true of rejection requirements? (Points : 5) The buying firm cannot reject a replacement shipment.
Notification of rejection must be sent to the supplier.
The nature of the defect or default must be specified.
The buying firm is not legally bound to return the material.
The buying firm is obligated to protect and care for the material in a reasonable manner. Question 11.11. (TCO 5) Which of the following is not a common source of prices for a price analysis? (Points : 5) Competitive price proposals
Regulated prices
Mathematical modeling
Catalog prices
Market prices Question 12.12. (TCO 5) Which of the following is not one of the six categories of cost presented in the textbook? (Points : 5) Semi variable costs
Variable manufacturing costs
Variable customer cost
Overhead
Total production costs Question 13.13. (TCO 4) Which of the following is a typical consideration in favor of single sourcing? (Points : 5) Meet customer's volume requirements
To meet local content requirements
Shorter lead times are required.
Time to market is critical.
System inventory is not a concern. Question 14.14. (TCO 5) Which of the following is not a fundamental type of competition? (Points : 5) Pure Competition—Supply and demand determines prices
Imperfect Competition—Monopolistic Competition
Imperfect Competition—Oligopoly
Monopoly—One seller controls entire supply
Federally Controlled—Government regulates competition
Question 15.15. (TCO 4) In the selection stage of the strategic sourcing plan given in the textbook, several methods of selecting the supplier were given. Which of the following was not one of those approaches? (Points : 5) Competitive bidding
Asking for proposals
Reverse auctions
Randomized selection
Negotiation Question 16.16. (TCO 5) Which of the following is not one of the conditions demanding negotiation?@ See pages 248–249 (Points : 5) It is impossible to estimate costs with a high degree of certainty.
Price is not the only important variable.
Market must consist of an adequate number of sellers.
Purchasing firm anticipates a need to make changes in the specification.
Special tooling of setup costs is a major factor. Question 17.17. (TCO 1) The term value chain means we include the supply chain in our analysis and management with _____. (Points : 5) the end consumer
the downstream portion of the chain and distribution, such as marketing
channels of distribution
financial impact studies
opportunity cost
Question 18.18. (TCO 2) Which one does not contribute to the potential conflict between design engineers and supply management professionals? (Points : 5) Supply managers are only interested in the bottom line.
Engineers naturally tend to design conservatively.
Engineers usually disregard cost or availability.
Supply managers are concerned with cost and availability.
Both supply managers and engineers differ in their concepts of material.
Question 19.19. (TCO 3) In the investigation phase, the development of alternatives encompasses all of the following considerations, except one. Which of the following does not belong to the list? (Points : 5) Value analysis
Suitability
Producibility
Component availability
Customer acceptability
Question 20.20. (TCOs 1 and 2) Which of the following is not an activity, action, or characteristic in the Strategic Supply Chain management stage outlined in Chapter 1 of our text? (Points : 5) Timely availability and convenience
Interconnectivness
Relationship and trust
Transform innovation into value
Relationship with trust Question 21.21. (TCOs 1 and 2) Which of the following is not an activity, action, or characteristic in the proactive supply management stage outlined in Chapter 1 of our text? (Points : 5) Some consideration of revenue impacts
Throughput
Logistics contributes significantly to firm’s bottom line
Global impact Question 22.22. (TCOs 1 and 2) Which of the following is not an activity, action, or characteristic in the proactive transactional mechanical stage outlined in Chapter 1 of our text? (Points : 5) Purchase Price
Performance measurement is localized on cycle time only
Leverage size of buyer
Low component/unit cost
On time delivery 1. (TCO 7) Which of the following is not a demand management characteristic given in the textbook? (Points : 5) Demand management recognizes forecasts are developed at a centralized point in the organization.
Demand management smooths production after master production schedules have already been released to internal production and external suppliers.
Demand management is a process (versus a bounded business function) that requires the utmost in coordination and communication between the responsible parties.
Demand management has contingency plans developed with supply chain members to allow modification of short-term schedules when necessary.
Demand management balances the total costs of not meeting demand against the total costs of adding additional resources required to meet demand.
Explanation / Answer
1. Demand management recognizes forecasts are developed at a centralized point in the organization becuse forecasting has been done at various distributed points as it gives clear picture of forecasting and then those forecasting were aggregated at central location to analyze company’s demand forecast.
2.All the above because it invole in more use of Just in time planning, Use of ERP tools and effective collaboration and communication between teams to perform better forecasting.
3. Information Technology mangement because there is a use of IT through ERP tools but the manger is not responsible for this activity as a whole but for effective usage of ERP application in logistics activity.
4. Without training, employees will leave their companies is not the conclusion about transformational training because it is not training that hold the employee to an organization but the value that they offer to organization after training
5.Make all supplier relationships alliances..
6. Largest supply base possible
Value network management doesn’t include largest supply base possible
7. Whether the parties act as if they have a contract
For being a contract to be valid parties should act as if they have a contract
8. Mediation always results in the two parties ceasing all business dealings.
Mediation doesn’t always result in the two parties ceasing all business dealings
9.Litigation should be attempted before arbitration.
It is not always the case that litigation is attempted before arbitration.
10.The buying firm cannot reject a replacement shipment.
Any buying firm can reject a replacement shipment
Note: Please be specific to the question that need to be answered
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