Supply Chain Final

A situation in which a buyer has limited supplier​ options, is procuring a critical​ item, needs technology​ innovation, or is concerned about the availability of supply is described by what​ relationship?
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A situation in which a buyer has limited supplier​ options, is procuring a critical​ item, needs technology​ innovation, or is concerned about the availability of supply is described by what​ relationship?
.
collaborative relationship
What specification details the exact quantities of each raw material and the precise manner in which the item should be​ made?
complex specification
Which of the following is NOT a step in weighted factor analysis​ (WFA)?
analyze the risk for each factor
Approximately what percentage of negotiation time should be involved in​ preparation?
90%
What is the term for the process of helping a supplier improve performance in areas such as​ cost, delivery, and​ quality?
supplier development
Which of the following is NOT a step in supplier​ development?
complete a full audit of all of the​ supplier's processes
T/F
A supplier scorecard serves the purpose of informing a supply manager of a​ supplier's performance and does not provide feedback for the supplier.
False
What is the metric that measures how many times per year inventory is used and​ replaced?
inventory turnover
Introducing new products in a sequence that allows for optimal use of capacity is what demand management​ tool?
product phasing
A company like Arctic Cat that produces snowmobiles during the summer and ATVs during the winter uses what demand management​ tool?
designing counterseasonal products
As applied in demand​ planning, churn isthe loss and replacement of customers.The​ boom-bust cycle of the world economy is an example of what component of a time​ series?cyclical effectsWhich forecasting method involves experts gaining consensus through an iterative​ process?Delphi methodThe bullwhip effect is mainifested by​ _____________ variation in the supply chain.increasing upstreamRandom variation that occurs in any time series is called​ what?irregular componentAll of the following are purposes of carrying inventory​ EXCEPTimproving gross marginsProducts that are sent directly to the customer and not placed in finished good inventory are called​make-to-order inventoryRaw materials inventory is associated with what supply chain​ processes?upstream processesT/F Consignment inventory is stock that is owned by the buyer but is in the physical possession of the supplier.FalseThe number of tires that are required based on the number of bicycles in demand is an example of what kind of​ demand?dependent demandT/F The operating doctrine of inventory management​ asks, "how much do we​ order," and​ "when do we place the​ order."TrueShould you continue with your current​ policy, or should you take the incentive offered by the​ supplier?Quiz 11.2, Problem 1New Safety Stock LevelQuiz 11.3, Problem 4What risk and return factors characterize an​ "excellent candidate" for a​ project?high return and low riskAccording to the situational leadership​ model, if there is a low need for emotional support and a low need for​ guidance, the leader must engage indelegating.According to the situational leadership​ model, if there is a low need for emotional support but a high need for​ guidance, the leader must engage intellingWhat stage in team development is characterized by achievement of a mutually​ supportive, steady​ state?performingWhich of​ Garvin's dimensions of product quality describes the propensity for a product to function over its useful​ life?reliabilityWhich of​ Garvin's dimensions of product quality describes the extent to which products meet​ specifications?conformanceAll of the following are definitions of quality EXCEPTA. a product or service free of deficiencies. B. conformance to requirements. C. the characteristics of a product that bear on its ability to satisfy stated or implied needs. D. All of the above are definitions of quality. D!What quality expert taught that​ quality, as a managed​ process, can be a source of improved financial performance for any​ firm?CrosbyWhich quality expert coined the phrase​ "company-wide quality​ control"? IshikawaIshikawaWhat quality expert advocated statistical​ thinking, or looking at quality problems from a​ data-driven perspective?DemingWhich quality expert emphasized the differences between tactical and strategic quality​ considerations?JuranWhich ISO standard contains guidelines for performance​ improvement?ISO 9004Which of the following is NOT a quality dimension of collaborative supplier​ relationships?more suppliers to choose fromA high risk and low return Six Sigma project is categorized asa dogA Six Sigma process allows for how many defective parts per​ million?3.4​Low-hanging fruit Six Sigma projects have what risk and return​ profile?low risk and low returnAll of the following are phases of Six Sigma EXCEPTinvestigate.What is the visible tip of the Lean Iceberg of​ wastes?inventoryAll of the following are one of​ Shingo's seven wastes EXCEPTinspectingWhat is the lean or Japanese word for continual​ improvement?kaizenkanaban cards keeping the same level of safety stockQuiz 15.3, Problem 3What is the practice of producing a little bit of​ everything, everyday? This practice is also known as uniform plant​ loading, mix-model​ assembly, or uniform plant scheduling.heijunkaAll of the following were mentioned as methods for managing organizations and improving them EXCEPTA. lean. B. supply chain management. C. Six Sigma. D. All of the above methods were mentioned. d!Strategic change often follows an​ S-shaped pattern where new changes are​ launched, they​ flourish, and thenstabilize.