supply chain management
Example questions for examination
1. Which of the following statements is correct?
A. Recent trends such as lean manufacturing and offshoring decrease the level of risk in the supply chain.
B. Accurate forecasting techniques solve most supply chain problems.
C. Many retailers observe that inventory levels fluctuate considerably across a supply chain.
D. In general, the total inventory costs are higher than the total transportation costs in the overall logistics costs for a country.
2. There can be many reasons why an organization is outsourcing certain activities. What is not a motivation for outsourcing?
A. Economies of scale
B. Risk pooling
C. Increase reliability
D. More flexible supply chain
3. Supply chain management concerns trade-offs associated with different types of decisions. What is the main objective of production sourcing?
A. To balance manufacturing cost and transportation cost.
B. To balance manufacturing cost and holding cost.
C. To match supply and demand.
D. To minimize manufacturing costs subject to specific customer service levels.
4. You are the CEO of a small electronics manufacturing company that is about to develop a global strategy. Which of the following risk strategies are ordered from most preferred to least preferred for this company (taking the associated costs of the risks into consideration)?
A. Speculative strategy, flexible strategy, hedge strategy
B. Hedge strategy, speculative strategy, flexible strategy
C. Flexible strategy, hedge strategy, speculative strategy
D. Hedge strategy, flexible strategy, speculative strategy
5. Before any solution approach to a supply chain problem can be considered, the objective function needs to be clarified. Consider the following statements on objective functions:
I. Profit maximization is more important than cost minimization when the structure of the supply chain is fixed.
II. Cost minimization is more important than profit maximization at times of growth.
1. Which of the following statements is correct?
A. Recent trends such as lean manufacturing and offshoring decrease the level of risk in the supply chain.
B. Accurate forecasting techniques solve most supply chain problems.
C. Many retailers observe that inventory levels fluctuate considerably across a supply chain.
D. In general, the total inventory costs are higher than the total transportation costs in the overall logistics costs for a country.
2. There can be many reasons why an organization is outsourcing certain activities. What is not a motivation for outsourcing?
A. Economies of scale
B. Risk pooling
C. Increase reliability
D. More flexible supply chain
3. Supply chain management concerns trade-offs associated with different types of decisions. What is the main objective of production sourcing?
A. To balance manufacturing cost and transportation cost.
B. To balance manufacturing cost and holding cost.
C. To match supply and demand.
D. To minimize manufacturing costs subject to specific customer service levels.
4. You are the CEO of a small electronics manufacturing company that is about to develop a global strategy. Which of the following risk strategies are ordered from most preferred to least preferred for this company (taking the associated costs of the risks into consideration)?
A. Speculative strategy, flexible strategy, hedge strategy
B. Hedge strategy, speculative strategy, flexible strategy
C. Flexible strategy, hedge strategy, speculative strategy
D. Hedge strategy, flexible strategy, speculative strategy
5. Before any solution approach to a supply chain problem can be considered, the objective function needs to be clarified. Consider the following statements on objective functions:
I. Profit maximization is more important than cost minimization when the structure of the supply chain is fixed.
II. Cost minimization is more important than profit maximization at times of growth.