QUESTION: 145

In terms of structure and function, the construction supply chain is characterized by the following element/s:

It is a converging supply chain directing all materials to the construction site where the object is assembled from incoming materials. The « construction factory » is set up around the single product, in contrast to manufacturing systems where multiple products pass through the factory, and are distributed to many customers.
It is, apart from rare exceptions, a temporary supply chain producing one-of construction projects through repeated reconfiguration of project organizations. As a result, the construction supply chain is typified by instability, fragmentation, and especially by the separation between the design and the construction of the built object.
It is a typical make-to-order supply chain, with every project creating a new product or prototype.
There is little repetition, again with minor exceptions. The process can be very similar, however, for projects of a particular kind.
All of these
Answer Pending.

Answer(s): E

QUESTION: 146

An SKU costing $10 is ordered in quantities of 500 units, annual demand is 5200 units, carrying costs are 20%, and the cost of placing an order is $50. Calculate annual inventory carrying cost

$500
$550
$450
$400

Answer(s): A

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QUESTION: 147

Physical distribution contributes to:

Creating demand
Prompt delivery
Product availability and accurate order filling
All of these

Answer(s): D

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QUESTION: 148

______________ is responsible for producing a set of specifications that manufacturing can use to make the product. Products must be designed to be:

· Functional
· Capable of low-cost processing

Product Design
Production Plan
Marketing mix
All of these

Answer(s): A

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QUESTION: 145

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QUESTION: 148