Question 1

What are the reasons for sourcing globally,and what options are available to a firm that wishes to engage in global sourcing?

Accepted Answer

Answers may vary but could have elements...

Question 2

Total quality management is a companywide management approach to ensure quantity products throughout the organization.

Accepted Answer

A) True 
 B)False

Question 3

Just-in-time

Accepted Answer

A)   is a patented Japanese process for quality control.
B)   requires materials and parts arrive at each point in the production process when they are needed.
C)   requires parts and materials arrive at a manufacturing plant at least one month in advance to avoid "stockouts."
D)   permits greater flexibility in Toyota's production schedule.

Question 4

Electronic procurement exchanges

Accepted Answer

A)   can facilitate efforts to obtain equity investments.
B)   can permit bid/quote systems for buyers and suppliers.
C)   protect companies from potential loss of proprietary data.
D)   prevent exposure to exchange rate fluctuations.

Question 5

According to the text,Cognizant Technology Solutions

Accepted Answer

A)   had superior systems for utilizing entry-level programmers in the U.S.
B)   used an innovative "nearshoring" business model.
C)   developed its competitive advantage by offshoring all of its work to India.
D)   used a "chasing the sun" model of customer support.

Question 6

__________ manufacturing is an entire manufacturing process with unbalanced operations that emphasizes total system performance.

Accepted Answer

Synchronous
Explanation: Synch...

Question 7

A balanced system in which there is little or no delay time and idle in-process and finished inventory is called _________.

Accepted Answer

just-in-time
Explanation: A ba...

Question 8

The primary reason for sourcing globally is to obtain lower prices.

Accepted Answer

A) True 
 B)False

Question 9

Manufacturing rationalization is

Accepted Answer

A)   the allocation of scarce resources.
B)   the division of production among several subsidiaries so that each produces only a limited number of components for all subsidiaries.
C)   the concentration of production at one site to get economies of scale.
D)   the production by a subsidiary for its own national market.

Question 10

Logistics refers to managerial functions associated with the movement of raw materials and work in progress,but not finished goods.

Accepted Answer

A) True 
 B)False

Question 11

Because inventory is carried at each stage in the supply chain,and because inventory ties up money,it has been argued that the ultimate goal of effective supply chain management systems is to reduce inventory.

Accepted Answer

A) True 
 B)False

Question 12

In the case of the United States,intrafirm trade accounts for _____ percent of imports of goods.

Accepted Answer

A)   over 60
B)   25 to 40
C)   35 to 50
D)   10 to 15

Question 13

It has been argued that the ultimate goal of effective supply chain management systems is to reduce ______,consistent with the prerequisites that the company's products be available when needed and at the desired level of quality and quantity.

Accepted Answer

inventory
Explanation: It has been argue...

Question 14

Emerging industry-based business-to-business (B2B)exchanges can help optimize the supply chain across an entire network of organizations,not merely within a single company.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following are generally not included within indirect procurement?

Accepted Answer

A)   Maintenance
B)   Office equipment
C)   Repair
D)   Operating supplies
E)   Components

Question 16

Which of the following is not true about 3D printing?

Accepted Answer

A)   It is sometimes called additive manufacturing.
B)   The most common current application of this technology is in producing prototypes.
C)   It provides the technology for increased use of large production runs when companies need inventory of important parts.
D)   It may change supply chains toward more focus on raw materials.
E)   It may revolutionize the logistics of spare parts and service activities.

Question 17

Outsourcing overseas is often called _______________.

Accepted Answer

offshore outsourcing...

Question 18

For just-in-time (JIT)to be successful,manufacturers have to have the cooperation of their suppliers.

Accepted Answer

A) True 
 B)False

Question 19

The primary reason for sourcing globally is to obtain _______________________.

Accepted Answer

lower prices
Explana...

Question 20

Outsourcing decisions,including the decision to use global sources of supply,are extensions of the ______ decisions of earlier eras.

Accepted Answer

make-or-buy
Explanation: Outso...

Exam 18: Appendix C: Global Operations and Supply Chain Management

Total quality management is a companywide management approach to ensure quantity products throughout the organization.

Correct AnswerverifiedShow Answer

Logistics refers to managerial functions associated with the movement of raw materials and work in progress,but not finished goods.

Correct AnswerverifiedShow Answer

Electronic procurement exchanges

Correct AnswerverifiedShow Answer

It has been argued that the ultimate goal of effective supply chain management systems is to reduce ______,consistent with the prerequisites that the company's products be available when needed and at the desired level of quality and quantity.

Correct AnswerverifiedinventoryExplanation: It has been argue...View AnswerShow Answer

According to the text,Cognizant Technology Solutions

Correct AnswerverifiedShow Answer

For just-in-time (JIT)to be successful,manufacturers have to have the cooperation of their suppliers.

Correct AnswerverifiedShow Answer

Which of the following is not true about 3D printing?

Correct AnswerverifiedShow Answer

What are the reasons for sourcing globally,and what options are available to a firm that wishes to engage in global sourcing?

Correct AnswerverifiedAnswers may vary but could have elements...View AnswerShow Answer

Manufacturing rationalization is

Correct AnswerverifiedShow Answer

The primary reason for sourcing globally is to obtain lower prices.

Correct AnswerverifiedShow Answer

Outsourcing decisions,including the decision to use global sources of supply,are extensions of the ______ decisions of earlier eras.

Correct Answerverifiedmake-or-buyExplanation: Outso...View AnswerShow Answer

The primary reason for sourcing globally is to obtain _______________________.

Correct Answerverifiedlower pricesExplana...View AnswerShow Answer

Which of the following are generally not included within indirect procurement?

Correct AnswerverifiedShow Answer

A balanced system in which there is little or no delay time and idle in-process and finished inventory is called _________.

Correct Answerverifiedjust-in-timeExplanation: A ba...View AnswerShow Answer

Emerging industry-based business-to-business (B2B)exchanges can help optimize the supply chain across an entire network of organizations,not merely within a single company.

Correct AnswerverifiedShow Answer

Outsourcing overseas is often called _______________.

Correct Answerverifiedoffshore outsourcing...View AnswerShow Answer

Just-in-time

Correct AnswerverifiedShow Answer

__________ manufacturing is an entire manufacturing process with unbalanced operations that emphasizes total system performance.

Correct AnswerverifiedSynchronousExplanation: Synch...View AnswerShow Answer

In the case of the United States,intrafirm trade accounts for _____ percent of imports of goods.

Correct AnswerverifiedShow Answer

Because inventory is carried at each stage in the supply chain,and because inventory ties up money,it has been argued that the ultimate goal of effective supply chain management systems is to reduce inventory.

Correct AnswerverifiedShow Answer

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inventory
Explanation: It has been argue...
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Answers may vary but could have elements...
View Answer

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make-or-buy
Explanation: Outso...
View Answer

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lower prices
Explana...
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just-in-time
Explanation: A ba...
View Answer

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offshore outsourcing...
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Synchronous
Explanation: Synch...
View Answer

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