Ops400 Module 2: Mastery Exercise

Ops400 Module 2: Mastery Exercise

Question
	
Question 1
Which of the following is a reason for making a component rather than buying it?

Ensure alternate sources

Inadequate capacity

Obtain technical or managerial ability

Obtain desired quality
1 points 
Question 2
Keiretsu networks are Japanese companies that form a temporary supply chain as a trial before becoming one company that has achieved perfect vertical integration.
True









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False
1 points 
Question 3
A producer decides to implement new quality procedures and send their engineers and production personnel to a supplier's plant in order to train them on these new procedures. This activity takes place in the _________ stage of vendor selection.

training

negotiations

development

evaluation
1 points 



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Question 4
The vendor selection stage that requires the development of evaluation criteria and the importance of each is

vendor evaluation.

logistics.

negotiations.

vendor development.
1 points 
Question 5
The supply chain suffers from distortions in the flow of inventory as a result of local optimization, incentives, and large lots.
True
False
1 points 
Question 6
Airfreight

represents only about 10% of the tonnage shipped in the United States.

is the oldest means of freight transportation.

is the best way to transport natural gas.

is the fastest-growing mode of shipping.
1 points 
Question 7
The greater the number of days of supply, the greater the rate of inventory turnover.
True
False
1 points 
Question 8
An unfilled order with a vendor that is a contract to purchase items but not an authorization to ship anything is known as

an advance shipping notice.

drop shipping.

channel assembly.

a blanket order.
1 points 
Question 9
The term vertical integration means to

Sell all products to every member of your customer chain simultaneously.

Produce goods or services previously purchased.

Develop the ability to produce products that complement or supplement the original product.

Develop the ability to produce the specified good more efficiently.
1 points 
Question 10
The negotiation strategy that bases price on a published, auction, or index price is the

supply-based price model.

competitive bidding.

cost-based price model.

market-based price model.