QUESTION: 13

Supply chains delivering products or services are most able to respond quickly to changing market requirements when:

products have been standardized.
products have a modular design.
production processes have been standardized.
production processes have been simplified.

Answer(s): B

QUESTION: 14

Risk pooling enables a lower total inventory level without affecting service levels based on which of the following assumptions?

Inventory turnover ratio can be reduced.
Aggregate demand is more accurate than disaggregate demand.
The planning time fence can be adjusted as needed.
The supplier shares some risk for holding inventory.

Answer(s): B

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QUESTION: 15

The purpose of continuous improvement in the supply chain is to:

eliminate the root causes of problems.
improve interorganizational communication.
develop better written procedures.
reduce product costs.

Answer(s): A

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QUESTION: 16

After identifying the potential causes for delays in communicating demand information up the supply chain, the trading partners should take which of the following actions?

Implement a higher-speed data communications network.
Change procedures so data is communicated more frequently.
Identify the root causes for the delays.
Map and analyze the value stream.

Answer(s): C

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QUESTION: 13

QUESTION: 14

QUESTION: 15

QUESTION: 16

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