Customized products that are more expensive 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.