OPS 571T Week 6 Practice 100% Correct (All Possible Question/Answer)

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?

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000, which of the following is weeks of supply?

Facility location analysis considers the competitive imperative of lowest total cost.

 

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

 

 

Facility location analysis considers the competitive imperative of a favorable business climate as indicated by the presence of other companies in the same industry.

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

Inventory turnover and weeks of supply are mathematically the inverse of one another.

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

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

A company wants to determine where it should locate a new warehouse. It has two existing production plants (i.e., plant A and plant B) that will ship units of a product to this warehouse. Plant A is located at the (X, Y) coordinates of (50, 100) and will have volume of shipping of 250 units a day. Plant B is located at the (X, Y) coordinates of (150, 200) and will have a volume of shipping of 150 units a day. Using the centroid method, which of the following are the X and Y coordinates for the new plant location?

A free trade zone is typically a closed facility into which foreign goods can be brought without being subject to the usual customs requirements.

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

When considering outsourcing, what should firms be sure to avoid?

The local government’s willingness to invest in upgrading infrastructure to the levels required by a company is an important issue in a company’s decision of where to locate a new facility.

Retailer behavior when stocking up during promotion periods (where the prices of goods are reduced) is called backward buying.

Functional products include staples that people buy in a wide range of retail outlets, such as grocery stores and gas stations.

A financially driven reason for outsourcing is that it can shorten cycle time.

The total value of all items held in inventory for the firm valued at cost is which of the following?

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

 

The six-step process for green sourcing does not include which of the following?

 

 

What is the term used for the act of moving some of a company’s internal activities and decision-making processes to outside providers?

Very few products are moved without at least part of their journey being by which mode of transportation?

Plant A is located at the (X, Y) coordinates of (100, 200) and has a volume of shipping of 500 units a day. Plant B is located at the (X, Y) coordinates of (150, 400) and has a volume of shipping of 200 units a day. Using the centroid method, which of the following is the X coordinate for the new plant location?

Logistcs accounts for about what percent of the U.S. gross domestic product?

 

Some manufacturing  firms contract with an outside company to manage the firm’s logistics functions. What is the general term for a firm that provides such services?

One product that stables sells a lot of is copy paper. According to the supply chain uncertainty framework. What supply chain strategy is appropriate for this product?

 

Sometimes a company may need to purchase goods or services that are unique ,verycomplex,and for extremely expensive. These would not be routine purchases, but there may be a number of vendors that could supply what is needed. What process would be used to transmit the company’s needs to the available vendors, asking for a detailed response to the needs?

 

 

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 models. Rail is associated with

 

Plant A is located at the (X,Y) coordinates of(100,200) and has a volume of shipping of 500 units a day. Plant B is located at the (X,Y) coordinates of (150,400) and has a volume of shipping of 200 units a day. Using the centroid method, which of the following is the Xcoordinate for the new plant location?

 

 

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

 

When considering outsourcing ,what should firms be sure to avoid?

 

 

First among Best solar Inc,announces that they will take back free of cost, all of their solar panels that are no longer useful. Till now, the cost of disposal eas significant, this action reduces

 

If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000. Which of the following is weeks of supply?

 

 

What is the relationship between a process batch size and a transfer batch size? Check all that apply

 

Which of the following is/are ways to save time in a process as it pertains to the bottleneck operation?

 

 

A time  buffer typically occurs where in the process?

 

Cost accounting is used for what? Check all that apply.

A process has three machines A,B, and C. A feeds Band B feeds C.(A->B->C) B is the bottleneck. An improvement initiative improves C  and saves three hours per week. What happens to the output of the process?

 

In synchronous manufacturing the process batch  size and transfer batch size are varied. What does this accomplish? Check all the apply

 

 

The primary way synchronous  manufacturing (TOC) differs from MRP  system is the TOC can:

 

What nonbottleneck operation X feeds bottleneck operation Y(X->Y), what happens?

 

 

When nonbottleneck resources are scheduled with larger batch sizes, it is possible that they will

 

For nonbottleneck resources, what size batches are desirable?

 

 

What  terms are used to compute dollar days? Check all that apply.

 

The performance measurement, that addresses the value of inventory and how long it stays within a processing department is called?

 

 

Any resources whose utilization is close to capacity and could become a bottleneck if not scheduled carefully is called what typed of resources?

 

The optional strategy for functional products is to use a responsive supply chain

 

 

The local governments willingness to invest in upgrading infrastructure to the levels required by a company is an important issue in a company’s decision of where to locate a new facility.

 

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?

 

 

Two common  measures to evaluate supply chain efficiency are the consumer price index and the beta flow system

 

Facility location decisions are made using analytical techniques that are able to weigh a large number of different variables equally

 

 

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

 

The phenomenon that magnifies the variability in order quantities for goods as orders move through the supply chain from the customer to  the producer is called the bullwhip effect

 

 

Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material. Which of the following is not an ownership cost listed in the next?

 

In a hub-and-spoke system, each warehouse in the system acts as a spoke.

 

 

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 an improvement –driven reason for outsourcing?

 

 

Cross-ducking is an approach used in consolidation warehouses, where large shipments are broken down into small shipments for local delivery in an area

 

Logistics is a term indicating transportation choices for goods produced internationality but consumed domestically

 

 

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

 

What transportation mode has very high initial investment costs but gives a very low cost per mile for products that are highly specialized and require no  packaging?

 

 

An organizationally driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best

 

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?

 

 

Because the world is becoming more highly interconnected, the priority of an important supplier’s plants is not crucial in supporting lean production methods

 

Quality of life in a host community is not a major factor in making the facility location decision

 

 

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

 

Government barriers to enter and locate in many countries are increasing through restrictive protectionist legistation

 

 

The Association for operations Management defines logistics as “the art and science of obtaining, producing, and distributing material and product in the proper place and in proper quantities”

 

Very few products are moved without at least part of their journey being by which mode of transportation?

 

 

IN Hau Lee’s uncertainity framework to classify supply chains, a supply chain for functional products with a stable supply process is called which of the following?

 

Warranty costs are part of (Choose the most appropriate)

 

 

Which of the following resources are potential bottlenecks?

 

Which of the following is required by both JIT and synchronous manufacturing systems?

 

 

All the actions that brings a company closer to its goals

 

In synchronous manufacturing thinking,however, making all capacities the same is viewed how?

 

 

A normal variation about a process mean or average is called?

 

Which of the following is a key financial measurement?

 

 

Which of the following is/are Goldratt’s Rules of Production Scheduling?

 

When manufacturing is truly synchronized, its emphasis what?

True or false: Manufacturing performance measurements tend to be more quantitative than marketing performance measurements

 

If a bottleneck does not require setup time to change products, how should one schedule the sequence of products?

 

 

Identify the negative impact of inventory on a firm’s performance as well as the factors that contribute to this. Check  all that apply.

 

 

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