Demand Management II
Demand Management II

Demand Management II

Lead Author(s): JWCC Content

Source: Skills Commons

Student Price: FREE

A supply chain management question pack from John Wood Community College.

Demand Management Q30

Which of the following is NOT an scenario that may occur when a stockout exists?

A

the buyer backorders the product

B

the seller loses a buyer and future revenue

C

the seller loses current revenue

D

the buyer discontinues the item

Demand Management Q31

Which of the following types of data is not required for exponential smoothing?

A

an average of previous demand

B

the most recent demand

C

a smoothing constant

D

excess inventory on hand

Demand Management Q32

______________ underlies an organization's ability to provide quality product availability, order cycle time, logistics operations responsiveness, and postsale logistics support.

A

Distribution information

B

Logistics system information

C

Supply chain information

D

Operations management

Demand Management Q33

______________ examines how well a seller can respond to buyer's needs.

A

Logistics operations responsiveness

B

Logistics system information

C

Supply chain information

D

Operations management

Demand Management Q34

Which of the following is not a principal type of inventory cost?

A

inventory carrying cost

B

ordering and setup cost

C

expected stockout cost

D

delivery cost

Demand Management Q35

Which inventory strategy is typically used to classify raw materials, parts, or components for a manufacturing firm?

A

quadrant model

B

square-root rule

C

ABC classification

D

Pareto's law

Demand Management Q36

What inventory strategy helps determine the extent to which inventories might be reduced through such a consolidation strategy? It estimates the extent to which aggregate inventory need will change as an organization increases or decreases the number of stocking locations.

A

ABC classification

B

square-root rule

C

vendor-managed inventory

D

materials requirements planning

Demand Management Q37

Which inventory strategy is rooted in Pareto's law and separtes the 'trivial many' from the 'vital few'?

A

ABC classification

B

square-root rule

C

vendor-managed inventory

D

materials requirements planning

Demand Management Q38

Which class of inventory represents 5 percent of total sales and 30 percent of items?

A

A

B

B

C

C

D

D

Demand Management Q39

Which inventory strategy was initiated by Walmart so its suppliers could manage their inventories within Walmart's distribution centers?

A

ABC classification

B

square-root rule

C

vendor-managed inventory

D

materials requirements planning

Demand Management Q40

Which of the following is not a requirement for distribution requirements planning?

A

forecast of demand for each SKU

B

target safety stock

C

lead time for replenishment

D

historical sales data

Demand Management Q41

Which inventory strategy deals with supplying materials and component parts whose demand depends on the demand for a specific end product?

A

ABC classification

B

square-root rule

C

vendor-managed inventory

D

materials requirements planning

Demand Management Q42

Which system was developed by the Toyota Motor Company in Japan and is based on production cards and requisition cards?

A

Andon system

B

Kanban system

C

vendor-managed inventory

D

materials requirements planning

Demand Management Q43

Which of the following companies credits S&OP processes as the cornerstone of their success?

A

Dupont

B

Walmart

C

BASF

D

General Mills

Demand Management Q44

Which system is a light system used as a means to notify plant personnel of existing problems?

A

Andon system

B

Kanban system

C

vendor-managed inventory

D

materials requirements planning

Demand Management Q45

Which is not an element that underlies the JIT concept?

A

zero inventories

B

infrequent replenishment quantities

C

short, consistent lead times

D

zero defects

Demand Management Q46

Which of the following is not a basic form fo the EOQ inventory model?

A

fixed quantity/fixed interval

B

fixed quantity/irregular interval

C

regular quantity/fixed interval

D

irregular quantity/irregular interval

Demand Management Q47

Which of the following inventory strategies applies when demand might be larger and when the amount on hand might fall below the reorder point before the organization initiates a replenishment order?

A

square-root rule

B

min-max inventory management

C

just-in-time inventory

D

economic order quantity approach

Demand Management Q48

Which of the following tools build upon traditional reports and output systems that provide historical accounts of functional performance for internal planning, operations and control?

A

execution

B

business intelligence

C

event management

D

data synchronization

Demand Management Q49

Which of the following is NOT a type of direct-to-customer fulfillment?

A

Integrated

B

Dedicated

C

Manufacturer

D

Drop-shipped

Demand Management Q50

Which of the following is NOT an internal metric?

A

item fill rate

B

line fill rate

C

order fill rate