PLEASE HELP NEED IN ONE HOUR

QUESTION 6

The logistics function involves

	a.	managing the production schedules for manufacturers
	b.	forecasting inventory levels
	c.	purchasing materials to manufacture products
	d.	storing, warehousing and transporting products

5 points

QUESTION 7

Supply chains for commodity type products need to prioritize

	a.	speed and security
	b.	speed and wide variety
	c.	low price and high availability
	d.	high availability and speed

5 points

QUESTION 8

In looking at tiers in a supply chain, the companies that you buy your supplies from would be considered your

	a.	tier 1 suppliers
	b.	tier 2 suppliers
	c.	customers
	d.	retailers

5 points

QUESTION 9

A major advantage of businesses offshoring their operations is it

	a.	leads to higher transportation costs
	b.	helps improve communications between suppliers
	c.	reduces labor costs
	d.	contributes to increase in government regulations

5 points

QUESTION 10

A company's 2nd tier suppliers primarily refers to

	a.	their stakeholders
	b.	their customer base
	c.	their suppliers' suppliers
	d.	their service providers

5 points

QUESTION 11

Outsourcing can best be described as the

	a.	the use of overseas companies to make your products
	b.	using your own employees to make products you sell
	c.	importing products from other countries
	d.	using external companies to make your products

5 points

QUESTION 12

A purchasing decision that your company may face that can create an ethical dilemma is

	a.	accepting gifts from suppliers
	b.	encouraging fair competition
	c.	avoiding slave labor
	d.	dealing honestly with suppliers

When choosing suppliers, companies have to consider the 'cost of supplier risk'. An example of a supplier risk is

	a.	the risk that your company will go bankrupt
	b.	the risk that a supplier might make unauthorized copies of your products and sell them to others
	c.	the risk that consumers will buy products from your competitors
	d.	the risk that your inventory won't sell fast enough

One strategy a company can decide to handle supplier risks they are faced with is to 'accept' the risk. In accepting the risk,

	a.	you determine what things can be done to mitigate the risk
	b.	you find ways to avoid the risk
	c.	you decide to transfer the risk to someone else if it's unavoidable
	d.	you are willing and prepared to live with the consequences if it occurs

Many products continue to costs money after your company has purchased them (and even after you have used or sold them). An example of this additional costs is/are

	a.	product warranties and recalls
	b.	transportation costs
	c.	insurance costs
	d.	sales costs

Every product and service has a supply chain.

True

False

In a supply chain, materials flow downstream and money flows upstream.

True

False

Responsiveness in a supply chain can be measured from the time a customer places an order to the time it takes for the order to be delivered.

True

False

Supply chains are interconnected - so making a change in one area to lower costs will Not cause costs in another area to increase.

True

False

Inventory optimization involves increasing inventories to the minimum level necessary to maintain the desired service level (to satisfy your customers).

True

False