$1.$ Efficient supply chains

A$)$ respond quickly to demand.

B$)$ have higher margins because price is not a prime customer driver.

C$)$ maintain buffer inventory to deal with demand$/$supply uncertainty.

D$)$ maximize performance at a minimum cost.

$2.$ Which of the following is an advantage of manufacturer storage with direct shipping?

A$)$ Transportation costs are low because the average outbound distance to the end consumer is small and package carriers are used to shipping the product.

B$)$ Supply chains save on the fixed cost of facilities, because the need for other warehousing space in the supply chain has been eliminated.

C$)$ Response times tend to be small because the order has to be transmitted from the retailer to the manufacturer.

D$)$ Order tracking is easy to implement because of the complete integration of information systems at both the retailer and the manufacturer.

E$)$ The handling of returns is likely to be simple and inexpensive, improving customer satisfaction.

$3.$ When a promotion is offered during a period, that period's demand tends to go up$.$ This increase in demand results from a combination of three factors. Which of the following is not one of these three factors?

A$)$ Forward buying

B$)$ Stealing share

C$)$ Backward buying

D$)$ Market growth

$4.$ Sharing point of sales $($POS$)$ data across the supply chain can help reduce the bullwhip effect because

A$)$ each stage of the supply chain uses orders from the previous stage to fulfill demand.

B$)$ all supply chain stages can forecast future demand based on final customer demand.

C$)$ all stages can respond to the same change in customer demand.

D$)$ all of the above

$5.$ What type of aggregate planning strategy would we use if inventory carrying costs are low.

A$)$ level strategy

B$)$ chase strategy

C$)$ flexible strategy

D$)$ variable strategy

$6.$ A key to reducing cycle inventory is

A$)$ the reduction of holding cost.

B$)$ the reduction of manufacturing cost.

C$)$ the reduction of lot size.

D$)$ the reduction of warehouse space.