OPS 571T Apply Week 6 Exam Assignment 100% Correct (All Possible Question/Answer)

Services typically have multiple site locations to maintain close contact with customers.

 

The optimal strategy for functional products is to use an efficient supply chain.

 

The effect of the lack of synchronization among supply chain members is referred to as which of the following?

 

 

In facility location decision making, the factor-rating system is one of the least used general location techniques.

 

A third-party logistics company is a firm that manages all or part of another company’s product delivery operations.

 

 

Outsourcing allows a firm to achieve an improved focus on its core competencies.

 

If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?

 

 

Which of the following is not a criterion that influences manufacturing plant or warehouse facility location decisions?

 

Which of the following is not an improvement-driven reason to outsource?

 

 

In the logistics-systems design matrix, volume, cost and speed of delivery are three variables (assume three levels: low, moderate or high) used to describe attributes of transportation modes. Rail is associated with

 

Which of the following is a not criterion that influences manufacturing plant or warehouse facility location decisions?

 

A major problem in a plant location decision based on the factor-rating system is that simple point-rating schemes do not account for the wide variance of costs that may occur within each factor used in the analysis.

 

A favorable business climate in facility location decision making might include local government providing basic skill training for prospective members of the workforce.

 

Which of the following is not an improvement-driven reason for outsourcing?

 

Outsourcing is the act of moving some of a firm’s internal activities and decision responsibility to outside providers.

 

 

One of the objectives of facility location analysis is to select a site with the lowest total cost. Which of the following costs should be excluded from the analysis?

 

Facility location analysis considers proximity to customers important to timeliness of deliveries.

 

 

Which of the following is a criterion that influences manufacturing plant or warehouse facility location decisions?

 

One of the objectives of facility location analysis is to select a site with the lowest total cost. Which of the following are hidden costs that should be included in the analysis?

 

 

Which of the following is a plant location methodology good for locating a single facility within a set of existing facilities based in distances and volumes of goods shipped?

 

First Among Best Solar Inc. announces thatthey will take back free of cost, all of their solar panels that are no longer useful. Till now, the cost of disposal was significant. This action reduces

 

 

If the average aggregate inventory value is $1,200,000 and the cost of goods sold is $600,000, which of the following is inventory turnover?

 

In facility location decision making, the educational and skill levels of the labor pool must match the company’s needs.

 

 

The inventory turnover ratio used in measuring supply chain efficiency is found by the ratio of which of the following?

 

Which of the following is not an infrastructure criteria used in facility location analysis?

In Hau Lee’s uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following?

 

A financially driven reason for outsourcing is that it can help gain access to new markets, especially in developing countries.

 

Two common measures to evaluate supply chain efficiency are the inventory turnover and weeks-of-supply ratios.

 

The optimal strategy for functional products is to use an efficient supply chain.

 

A favorable business climate in facility location decision making might include government legislation of tax abatements.

 

In the logistics-systems design matrix, volume, cost and speed of delivery are three variables (assume three levels: low, moderate or high) used to describe attributes of transportation modes. Air is associated with ?

The total cost of ownership (TCO) is an estimate of the cost of an item that includes all the costs related to the procurement and use of an item, but it does not include any of the costs related to disposing of the item after it is no longer useful.

 

Which of the following is not a criterion that influences manufacturing plant or warehouse facility location decisions?

 

Other things remaining the same, if the cost of goods sold decreases, then inventory go down

A free trade zone operates under different rules and laws than a foreign trade zone.

 

In the sourcing/purchasing design matrix, there are three variables: contract duration, transaction costs and specificity (assume levels as short, medium and long for contractduration and for the rest, low, medium and high).Vendor managed inventory belongs to

 

Which of the following is not a criterion that influences manufacturing plant or warehouse facility location decisions?

 

Which is the most challenging kind of supply chain to manage according to Hau Lee

 

Two common measures to evaluate supply chain efficiency are the Consumer Price Index and the beta flow system

 

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

 

The six-step process for green sourcing includes which of the following?

 

Acquisition costs include which of the following costs?

 

In facility location decision making, the factor-rating system is based on linear programming.

 

A financially driven reason for outsourcing is that it can reduce costs through a lower cost structure.

 

APICS, the supply chain, and operations professional organization, defines logistics as “the art and science of obtaining, producing, and distributing material and product in the proper place and in proper quantities.”

 

Outsourcing is the act of moving some of a firm’s internal activities and decision responsibility to outside providers.

 

Ownership costs include which of the following costs?

 

Which of the following is an organizationally driven reason for outsourcing?

 

How many free trade zones are there in the United States?

 

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