QUESTION 4 Cycle counting: is a process by which inventory records are verified once a year. eliminates annual inventory adjustments. provides a measure of inventory turnover. assumes that all inventory records must be verified with the same frequency. assumes that the most frequently used items must be counted more frequently. QUESTION 5 Which of the following statements regarding the production order quantity model is TRUE? It applies only to items produced in the firm's own production departments. It relaxes the assumption that all the order quantity is received at one time. It relaxes the assumption that the demand rate is constant. It minimizes the total production costs. It minimizes inventory. QUESTION 6 Which of the following would NOT generally be a motive for a firm to hold inventories? to decouple various parts of the production process to provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demand to take advantage of quantity discounts to minimize holding costs to hedge against inflation QUESTION 7 What three logistics-related costs are relevant when analyzing the choice of number of facilities in a distribution network? inventory costs, production costs, and transportation costs inventory costs, production costs, and facility costs Inventory costs, transportation costs, and facility costs facility costs, production costs, and transportation costs facility costs, inventory costs, and marketing costs QUESTION 7 What three logistics-related costs are relevant when analyzing the choice of number of facilities in a distribution network? inventory costs, production costs, and transportation costs Inventory costs, production costs, and facility costs inventory costs, transportation costs, and facility costs facility costs, production costs, and transportation costs facility costs, inventory costs, and marketing costs QUESTION 8 Local optimization is a supply-chain complication best described as: optimizing one's local area without full knowledge of supply chain needs. obtaining very high production efficiency in a decentralized supply chain. the prerequisite of global optimization. the result of supply chains built on suppliers with compatible corporate cultures. the opposite of the bullwhip effect. QUESTION 8 Local optimization is a supply-chain complication best described as: optimizing one's local area without full knowledge of supply chain needs. obtaining very high production efficiency in a decentralized supply chain. the prerequisite of global optimization the result of supply chains built on suppliers with compatible corporate cultures. the opposite of the bullwhip effect. QUESTION 9 Almarai dairy company that acquired cow farms has performed which of the following? horizontal integration forward integration backward integration current transformation job expansion QUESTION 10 What term is used to describe the outsourcing of logistics? e-logistics shipper-managed inventory (SMI) hollow logistics sub-logistics third-party logistics (3PL) QUESTION 11 What are the three classic types of negotiation strategies? supplier evaluation, supplier development, and supplier selection Theory X, Theory Y, and Theory Z many suppliers, few suppliers, and keiretsu cost-based price model, market-based price model, and competitive bidding traditional auctions, reverse auctions, and online exchanges QUESTION 12 When Mercedes and BMW pooled resources to develop standardized auto components, the sourcing strategy could best be described by which of the following? koiratsu virtual companies joint venture vertical integration few suppliers QUESTION 13 Which of the following is NOT an advantage of a virtual company? speed total control over every aspect of the organization specialized management expertise low capital investment flexibility QUESTION 14 Which one of the following distribution systems offers speed and reliability when emergency supplies are needed overseas? trucking railroads airfreight waterways pipelines QUESTION 14 Which one of the following distribution systems offers speed and reliability when emergency supplies are needed overseas? trucking railroads airfreight waterways pipelines QUESTION 15 Which of the following best describes Vizio's sourcing strategy? few suppliers keiretsu joint venture vertical integration virtual company QUESTION 16 All EXCEPT which of the following are "opportunities in managing the integrated supply chain? postponement drop shipping blanket orders standardization line balancing QUESTION 17 Which choice best describes level inventory? Daily production is variable from period to period. Subcontracting, hiring, and layoffs manipulate supply. Price points are calculated to match demand to capacity. Inventory goes up or down to buffer the difference between demand and production. Overtime is used to handle seasonal demand fluctuations. QUESTION 18 Which of these is among the demand options of aggregate planning? subcontracting back-ordering during high-demand periods changing inventory levels varying workforce size varying production rates through overtime or idle time QUESTION 19 Which of the following aggregate planning strategies is a capacity option? influencing demand by changing price counterseasonal product mixing influencing demand by extending lead times changing inventory levels influencing demand by back ordering QUESTION 19 Which of the following aggregate planning strategies is a capacity option? influencing demand by changing price counterseasonal product mixing Influencing demand by extending lead times changing inventory levels influencing demand by back ordering QUESTION 20 What is the effort to plan the coordination of demand forecasts with functional areas of the firm and its supply chain? enterprise resource planning material requirements planning capacity planning sales and operations planning new product development QUESTION 20 What is the effort to plan the coordination of demand forecasts with functional areas of the firm and its supply chain? enterprise resource planning material requirements planning capacity planning sales and operations planning new product development QUESTION 21 Which choice below best describes the counterseasonal product demand option? producing such products as lawnmowers and sunglasses during the winter developing a mix of products that smoothes out their demands lowering prices when demand is slack using subcontractors only when demand is excessive the breaking of the aggregate plan into finer levels of detail QUESTION 22 A toy manufacturer makes its own wind-up motors subassembly, which are then put into its toys. The annual demand is 25,043 units and the facility works 250 days per year. The optimal batch (production) quantity is 5,987 units. The daily subassembly production rate is 1000 units and the daily subassembly usage rate la 200 units. How long is a complete order cycle (time between orders)? QUESTION The manager of the shop at Lorem deced that the age of the and the shop opens 200 days a year if the load time for orders se days where QUESTION 4 Based on the available information, lead me demand for AD Airport taxis vergen 71 tai normally and in AD follows a 6% slockout poly What is the order on QUESTION 25 The manager of the gift shop at Louvre Museum decided that the optimal ECO for one of the shop's souvenirs 100 units en mand of this souvent units, how many times should the manager order per year? QUESTION 20 A toy manufacturer makes its own wind-up motors subassembly, which are then put into its toys. The annual demand is 30000 units. The optimal batch (production) quantity 4.130 units. The daily subassembly production rate is 1000 units and the daily subassembly usage rate is 235 units. What is the average inventory for this problem? QUESTIONS A toy manufacturer mat immorty which it is to the home the months 2. The band was one and where 235 Wat ry QUESTION Atay manufacturer maken wind up motor stassemity, which are then put to stay. The city 30 day pera The each wich ar windmotors to minire cour? The day sun rolon ve 1000 units and is an asseriti age is 700 The solu com is 65 and the carrying cargo de QUESTION The mager of the gift shop at Louvre museum decided that the optimal EOQ for one of the shop's souvenirs is 245 units of the an demand of this ouverts 5.003 units, and the shop open 200 days a year, what is the time between orders? QUESTION 29 Lavanda Bakery prepares all its cakes in the morning Day-old cakes are always sold but at 70% discount of the regular sa pnce. The cost of taking a cake s SA What is the takery's service level? QUESTION 30 A company's average daily demand over 6 months in 41 unit.dayif the company decides to produce 16 units/day in house and subcontract the rest at a subcontractin of $22 per unit, what is the total subcontracting cost the company will pay over the 6 months (124 working days)? A company's average daily demand over 6 months is 41 units day if the company decides to produce 16 units/wn house and subcontract autostractice of $22 per unit, what is the total subcontracting cost the company will pay over the 6 months (124 working days