QUESTION 1

1. ____________________ is used to meet multiple customer needs when there are multiple supply constraints.

   	a.	Product innovation
   	b.	Cash flow
   	c.	Forecasting
   	d.	Segmentation

4 points

QUESTION 2

1. For the US vaccine supply roll out

   	a.	There was high supply flexibility
   	b.	Stocks of vaccines were high
   	c.	Demand uncertainty was high
   	d.	Information was critical to distribution

4 points

QUESTION 3

1. Managing corporate cash flow is the responsibility of

   	a.	Legal and corporate governance
   	b.	General managers and sales
   	c.	CFO and supply chain
   	d.	R&D and Information Services

4 points

QUESTION 4

1. Slow moving, not readily available specialty items would have demand data characteristics of

   	a.	Intermittent
   	b.	Seasonal
   	c.	Bias
   	d.	Outlier

4 points

QUESTION 5

1. Supply uncertainty can be reduced by

   	a.	Reducing customer order cycle
   	b.	Investing in new, reliable equipment
   	c.	Reducing supply capacity
   	d.	Increasing the variety of items

4 points

QUESTION 6

1. Supply chain management has become more sophisticates largely due to

   	a.	Corporate accountability
   	b.	Less government regulation
   	c.	Imrproved information and technology systems
   	d.	Globalization

4 points

QUESTION 7

1. Two emerging retail issues attributable to the increased online ordering are

   	a.	Globalization and localization
   	b.	Reverse logistics and product losses (yield)
   	c.	Inflation and theft
   	d.	Omni channel growth and supply disruptions.

4 points

QUESTION 8

1. Supply chains exist to

   	a.	support new software
   	b.	raise prices
   	c.	manage increasing customer expectations
   	d.	support online ordering

4 points

QUESTION 9

1. In the paper towel supply chain, which step most relies on the "pull cycle?"

   	a.	Paper mills
   	b.	Supermarket
   	c.	Customization/packaging
   	d.	Logging industry

4 points

QUESTION 10

1. By decreasing the number of retail stores, Amazon can expect to

   	a.	Decrease customer response time
   	b.	Decrease transportation costs
   	c.	Decrease total facility costs
   	d.	Increase inventory

4 points

QUESTION 11

1. Historical sales cna differ from historic demand due to

   	a.	Stock outs
   	b.	Competitor actions
   	c.	Sales promotions
   	d.	All the above

4 points

QUESTION 12

1. When the alpha selected for a simple exponential smoothing model is close to zero, the forecast

   	a.	will be accurate
   	b.	will heavily wieght the most recent demand
   	c.	will heavily weight the prior forecast period
   	d.	will vary around zero

4 points

QUESTION 13

1. Innovative products have a better strategic fit with

   	a.	Efficient supply chain
   	b.	Highly automated supply chain
   	c.	Customer focused supply chain
   	d.	Responsive supply chain

4 points

QUESTION 14

1. A reason that Ethan Allen furniture uses showrooms for sales is

   	a.	Reduces outbound transportation costs
   	b.	Simplifies forecasting items
   	c.	To keep inventory high
   	d.	Allows customers to experience the products

4 points

QUESTION 15

1. Two components of supply chain surplus are

   	a.	Revenue and inventory
   	b.	Price and cash flow
   	c.	Transportation and warehousing
   	d.	Profit and customer experience