OM Ch 11 12 16
Supply chain managers outsource logistics to meet three goals:
Drive down inventory investment, lower delivery costs, and improve delivery reliability and speed.
What is transferring a firm’s activities that have traditionally been internal to external suppliers? Outsourcing
A supply chain ends with A satisfied customer
The advantage of having few suppliers is to Form a long-term relationship
Which negotiation strategy bases price on a published, auction, or index price? Market-based price model
What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor? Vertical integration
Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.53 million and inventory was $1.52 million. This year, costs of goods sold is $8.64 million and inventory investment is $1.63 million.
a) What was its weeks of supply last year? 10.50 weeks
b) What is its weeks of supply this year? 9.81 weeks
c) Is Mattress Wholesalers making progress in its inventory reduction effort?
Since the number of weeks that cover the supply has decreased, Mattress Wholesalers is making progress in its inventory-reduction effort.
Which of the following would reduce distribution risk? Careful selection, monitoring and effective contracts with penalties
A lawnmower assembly plant uses a variety of nuts, bolts, screws, and other fasteners in its operation. Its supplier delivers these items directly to the point of use on the assembly line and ensures that there are always sufficient quantities of fasteners to maintain the production schedule. This is an example of Vendor-managed inventory
Which of the following statements is NOT one of the differentiation strategy decisions? Use buffer stocks to ensure speedy supply
Three common measures of supply chain performance are: Percentage invested in inventory, inventory turnover, and weeks of supply
Trucking
Drive down inventory investment, lower delivery costs, and improve delivery reliability and speed.
What is transferring a firm’s activities that have traditionally been internal to external suppliers? Outsourcing
A supply chain ends with A satisfied customer
The advantage of having few suppliers is to Form a long-term relationship
Which negotiation strategy bases price on a published, auction, or index price? Market-based price model
What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor? Vertical integration
Mattress Wholesalers, Inc. is constantly trying to reduce inventory in its supply chain. Last year, cost of goods sold was $7.53 million and inventory was $1.52 million. This year, costs of goods sold is $8.64 million and inventory investment is $1.63 million.
a) What was its weeks of supply last year? 10.50 weeks
b) What is its weeks of supply this year? 9.81 weeks
c) Is Mattress Wholesalers making progress in its inventory reduction effort?
Since the number of weeks that cover the supply has decreased, Mattress Wholesalers is making progress in its inventory-reduction effort.
Which of the following would reduce distribution risk? Careful selection, monitoring and effective contracts with penalties
A lawnmower assembly plant uses a variety of nuts, bolts, screws, and other fasteners in its operation. Its supplier delivers these items directly to the point of use on the assembly line and ensures that there are always sufficient quantities of fasteners to maintain the production schedule. This is an example of Vendor-managed inventory
Which of the following statements is NOT one of the differentiation strategy decisions? Use buffer stocks to ensure speedy supply
Three common measures of supply chain performance are: Percentage invested in inventory, inventory turnover, and weeks of supply
Trucking