- Customized products that are more extensive than standard products do not provide customer value.
T F
- A value chain is different from a supply chain in that it provides additional value on purchases to the company only.
T F
- Manufacturing strategies include all of the following except:
- ___ Build to Order
- ___ Purchase for Resale
- ___ Build to Forecast
- ___ Engineer to Order
- ___ Assemble to Order
- Vendor managed inventory implies that the:
- ___ Vendor manages their own warehouse
- ___ Vendor manages inventory in their plant for customers
- ___ Vendor manages the procurement of raw materials to produce products for customers
- ___ Vendor manages the customer’s inventories
- ___ Vendor manages a customer’s warehouse
- Of the following cultural challenges, which doe not below?
- ___ Climate
- ___ Topography
- ___ Inflation
- ___ Natural Resources
- ___ All are important
- Of the following cultural challenges, which does not belong?
- ___ Religion
- ___ Language
- ___ Race
- ___ Deflation
- ___ They all belong
- The following are infrastructure factors except:
- ___ Railroads
- ___ Ports
- ___ Bridges
- ___ Roads
- ___ Space Station
- Of the following economic challenges, which one is the least common?
- ___ Balance of payments
- ___ Inflation
- ___ Deflation
- ___ Employment
- ___ Religion
- Distribution strategies include the following except:
- ___ In-house transportation
- ___ Direct investments
- ___ Direct sales
- ___ Wholesalers and distributors
- ___ Third party providers
- Which of the following are commonly used hedging strategies?
- ___ Forward market
- ___ Money market
- ___ Currency options
- ___ A & B
- ___ All of the above
- ___ none of the above
- Which of the following are commonly used inventory management models?
- ___ Economic Order Quantity (EOQ)
- ___ Just In Time (JIT)
- ___ Kanban
- ___ Two bin
- ___ Materials Requirements Planning ( MRP)
- ___ B & D
- ___ All of the above
- The following are all common forecasting techniques except:
- ___ Exponential smoothing
- ___ Trend extrapolation
- ___ Simulations
- ___ Regression analysis
- ___ Black Sholes model
- Electronic Data Interchange (EDI) is used to:
- ___ Convert one’s data format to another
- ___ Withdraw cash from an Automated Teller Machine (ATM)
- ___ Transmit orders electronically
- ___ Send money orders internationally
- ___ Send wire transfers
- Global positioning satellite systems are used to:
- ___ Position the globe
- ___ Track moving vehicles
- ___ Communicate orders
- ___ Locate customers
- ___ Locate warehouse inventory
- Lack of connectivity is also described as “denial of service”
T F
- Point of Sale terminals refer to mechanical cash registers.
T F
- The following are contemporary trends in global value chain management:
- ___ Automation
- ___ Virtual integration
- ___ Disintermediation
- ___ Differentiation
- ___ Voice over Internet Protocol
- Comprehensive web services related to global value chain management include all of the following except:
- ___ Teleconferencing
- ___ Virtual integration
- ___ Internet
- ___ Electronic markets
- ___ Voice over Internet Protocol
- The following are contemporary issues in value chain mangement except:
- ___ Trust between global value chain partners
- ___ Resolution
- ___ Identity theft
- ___ Reliability
- ___ Security
- All of the following enhances the global value chain except:
- ___ Process versus function
- ___ Customer centered versus supplier centered
- ___ Bonus plans for executives
- ___ Execution versus planning
___ Vendor Managed Inventory