Supply Chain Analytics Test
Bank
Course Introduction
Supply Chain Analytics focuses on the application of quantitative models, data analysis, and technological tools to optimize and improve supply chain operations. This course covers the methodologies and software used in demand forecasting, inventory management, transportation planning, network design, and risk assessment. Students gain hands-on experience analyzing real-world supply chain data, interpreting results, and making data-driven decisions to enhance efficiency, reduce costs, and respond to market dynamics. Emphasis is placed on contemporary challenges such as global disruptions, sustainability, and digital transformation in the supply chain sector.
Recommended Textbook
Supply Chain Management 5th Edition by Sunil Chopra
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18 Chapters
1461 Verified Questions
1461 Flashcards
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Page 2
Chapter 1: Understanding the Supply Chain
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93 Flashcards
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Sample Questions
Q1) The manufacturing cycle occurs at the manufacturer/supplier interface.
A)True
B)False
Answer: False
Q2) The objective of customer order entry is to
A) get the correct orders to customers by the promised due date at the lowest possible cost.
B) maintain a record of product receipt and complete payment.
C) maximize the conversion of customer arrivals to customer orders.
D) ensure that orders are quickly and accurately entered and communicated to other affected supply chain processes.
E) none of the above
Answer: D
Q3) Which of the following is not a stage within a typical supply chain?
A) Customers
B) Retailers
C) Wholesalers/Distributors
D) Merchandisers
E) Component/Raw material suppliers
Answer: D
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Chapter 2: Supply Chain Performance: Achieving Strategic
Fit and Scope
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) Which of the following are basic steps to achieving strategic fit?
A) Understanding the customer and supply uncertainty.
B) Understanding the supply chain capabilities.
C) Achieving strategic fit.
D) All of the above are basic steps to achieving strategic fit.
E) None of the above are a basic step to achieving strategic fit.
Answer: D
Q2) The degree of supply chain responsiveness should be consistent with the implied uncertainty.
A)True
B)False
Answer: True
Q3) Which of the following defines the set of customer needs that a company seeks to satisfy through its products and services?
A) Competitive strategy
B) Product development strategy
C) Marketing and sales strategy
D) Supply chain strategy
E) none of the above
Answer: A
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Chapter 3: Supply Chain Drivers and Metrics
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Sample Questions
Q1) The components of inventory decisions include capacity,cycle inventory,safety inventory,seasonal inventory,and sourcing.
A)True
B)False
Answer: False
Q2) The set of business processes required to purchase goods and services is known as
A) cycle inventory.
B) safety inventory.
C) seasonal inventory.
D) sourcing.
E) none of the above
Answer: D
Q3) ________ identifies the difference between the planned production/inventories and the actual values.
A) Supplier reliability
B) Forecast error
C) Variance from plan
D) Supply quality
Answer: C
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Page 5
Chapter 4: Designing Distribution Networks and Applications to E-Business
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78 Flashcards
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Sample Questions
Q1) Which of the following is an advantage of manufacturer/distributor storage with customer pickup?
A) Facility costs can be very high if new facilities have to be built.
B) Transportation cost is lower than the use of package carriers, especially if using an existing delivery network.
C) Order visibility is difficult but essential.
D) Product variety is similar to other manufacturer or distributor storage options.
E) Significant investment in information infrastructure required.
Q2) Explain how the design of the distribution network affects the cost of the four supply chain drivers.
Q3) The main advantage of a distribution network with local storage is that it can lower the delivery cost and provide a faster response than other networks.
A)True
B)False
Q4) Distribution occurs between every pair of stages in the supply chain.
A)True
B)False
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Chapter 5: Network Design in the Supply Chain
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80 Verified Questions
80 Flashcards
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Sample Questions
Q1) Which of the following is not a phase in the design of a global supply chain network?
A) Define a supply chain strategy
B) Define the regional facility configuration
C) Select desirable sites
D) Location choices
E) Implement supply chain strategy
Q2) The allocation of supply sources and markets to facilities has a significant impact on performance because
A) it cannot affect total production, inventory, and transportation costs incurred by the supply chain to satisfy customer demand.
B) it cannot affect customer demand.
C) it affects total production, inventory, and transportation costs incurred by the supply chain to satisfy customer demand.
D) it cannot satisfy customer demand.
E) none of the above
Q3) Transportation costs increase as the number of facilities is increased.
A)True
B)False
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Chapter 6: Designing Global Supply Chain Networks
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85 Flashcards
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Sample Questions
Q1) The textbook mentions that decision makers should design global supply chain networks considering a portfolio of strategic options including
A) the option to wait, build finite capacity, build flexible capacity.
B) sign shorter-term contracts, purchase from the spot market.
C) uncertainty can usually be disregarded.
D) the option to wait, build excess capacity, build flexible capacity.
Q2) In reality,demand and prices are highly uncertain and are likely to fluctuate during the life of any supply chain decision.
A)True
B)False
Q3) Simulation models require a higher setup cost to start and operate compared to decision tree tools.
A)True B)False
Q4) The degree of demand and price uncertainty has a significant influence on the appropriate portfolio of long- and short-term warehousing space that a firm should carry.
A)True
B)False
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Chapter 7: Demand Forecasting in a Supply Chain
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90 Verified Questions
90 Flashcards
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Sample Questions
Q1) When all stages of a supply chain produce a collaborative forecast,it tends to be much more accurate.
A)True
B)False
Q2) For pull processes,a manager must plan the level of available capacity and inventory but not the actual amount to be executed.
A)True
B)False
Q3) One of the characteristics of forecasts is
A) forecasts are always right.
B) forecasts are always wrong.
C) short-term forecasts are usually less accurate than long-term forecasts.
D) long-term forecasts are usually more accurate than short-term forecasts.
E) none of the above
Q4) ________ forecasting methods use historical demand to make a forecast.
A) Qualitative
B) Time-series
C) Causal
D) Simulation
Q5) Discuss key issues of forecasting in practice.
Page 9
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Chapter 8: Aggregate Planning in a Supply Chain
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Sample Questions
Q1) The length of the planning horizon is usually between
A) one and three months.
B) three and eighteen months.
C) one and three years.
D) three and five years.
Q2) The strategy where the production rate is synchronized with the demand rate by varying machine capacity or hiring and laying off employees as the demand rate varies is the
A) adjustable strategy.
B) Chase strategy.
C) level strategy.
D) mixed strategy.
E) time flexible strategy.
Q3) Aggregate planning is a process by which a company determines planned levels of capacity,production,subcontracting,inventory,stockouts,and even pricing over a specified time horizon.
A)True
B)False
Q4) Discuss the information required for aggregate planning.
Q5) Discuss key issues to be considered when implementing aggregate planning.
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Chapter 9: Sales and Operations Planning: Planning Supply and
Demand in a Supply Chain
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91 Verified Questions
91 Flashcards
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Sample Questions
Q1) When a promotion is offered during a period,that period's demand tends to go up.This increase in demand results from a combination of three factors.Which of the following is not one of these three factors?
A) Forward buying
B) Stealing share
C) Backward buying
D) Market growth
Q2) A firm can vary supply of product by controlling
A) revenue.
B) pricing.
C) demand.
D) capacity.
Q3) Promoting during a peak demand month may decrease overall profitability if
A) a small fraction of the demand increase results from a forward buy.
B) any of the demand increase results from a forward buy.
C) a significant fraction of the demand increase results from a forward buy.
D) none of the above
E) all of the above
Q4) Discuss the approaches a firm can use to manage inventory to meet predictable variability of demand.
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Chapter 10: Coordination in a Supply Chain
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Sample Questions
Q1) The fact that each stage in a supply chain forecasts demand based on the stream of orders received from the downstream stage results in
A) forecasts based on actual consumer demand patterns.
B) a reduction in demand as we move up the supply chain from the retailer to the manufacturer.
C) a magnification of fluctuations in demand as we move up the supply chain from the retailer to the manufacturer.
D) an increase in forecast accuracy.
E) none of the above
Q2) Rationing schemes that allocate limited production in proportion to the orders placed by retailers
A) result in a game in which retailers try to increase the size of their orders to increase the amount supplied to them.
B) lead to a magnification of the bullwhip effect.
C) lead to the manufacturer being left with a surplus of product and capacity.
D) all of the above
E) B and C only
Q3) Describe the impact of behavioral obstacles on supply chain coordination.
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Chapter 11: Managing Economies of Scale in the Supply
Chain: Cycle Inventory
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95 Flashcards
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Sample Questions
Q1) Which of the following would not be an example of a fixed ordering cost?
A) Administrative cost incurred to place an order
B) Trucking cost incurred to transport an order
C) Labor cost incurred to receive an order
D) Labor cost incurred to manufacture a part
Q2) Which cost should only include receiving and storage costs that vary with the quantity of product received?
A) Cost of capital
B) Obsolescence (spoilage) cost
C) Handling cost
D) Occupancy cost
Q3) A lot or batch size is the quantity that a stage of the supply chain either produces or purchases at a given time.
A)True
B)False
Q4) The optimal lot size is referred to as the economic order quantity (EOQ).It is denoted by Q * and is given by the equation: Q* = 2DS/hC.
A)True
B)False
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Chapter 12: Managing Uncertainty in a Supply Chain: Safety Inventory
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Sample Questions
Q1) As retailers decrease the level of safety inventory they carry,the distributor will have to
A) decrease his or her safety inventory.
B) increase his or her safety inventory.
C) keep his or her safety inventory at the same level.
D) increase his or her cycle inventory.
Q2) Explain the impact of supplier lead time on safety inventory.
Q3) For the same safety inventory,an increase in lot size
A) decreases the fill rate but not the cycle service level.
B) increases the fill rate but not the cycle service level.
C) decreases both the fill rate and the cycle service level.
D) increases both the fill rate and the cycle service level.
Q4) Discuss the role of safety inventory in the supply chain and the trade-offs involved.
Q5) The fraction of product demand that is satisfied from product in inventory is the A) customer fill rate.
B) product fill rate.
C) order fill rate.
D) cycle service level (CSL).
Page 14
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Chapter 13: Determining the Optimal Level of Product Availability
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Sample Questions
Q1) The costs of overstocking and understocking have a direct impact on
A) the optimal cycle service level but not profitability.
B) profitability but not the optimal cycle service level.
C) both the optimal cycle service level and profitability.
D) neither the optimal cycle service level or profitability.
Q2) The cost of underselling is a key factor that influences the optimal level of product availability.
A)True
B)False
Q3) The loss incurred by a firm for each unsold unit at the end of the selling season is
A) the cost of overstocking the product.
B) the cost of stocking the product.
C) the cost of understocking the product.
D) the cost of overselling the product.
Q4) A managerial lever to increase profitability is to decrease the salvage value of each unit.
A)True
B)False
Q5) Discuss the advantages and disadvantages of quick response.
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Chapter 14: Transportation in a Supply Chain
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60 Verified Questions
60 Flashcards
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Sample Questions
Q1) Transportation is a significant component of the costs incurred by most supply chains.
A)True
B)False
Q2) Discuss the relationship between transportation strategy and competitive strategy.
Q3) A carrier uses transportation to minimize the total cost (transportation,inventory,information,and facility)while providing an appropriate level of responsiveness to the customer.
A)True
B)False
Q4) Tailored transportation is the use of different transportation networks and modes based on
A) customer density.
B) customer distance from warehouse.
C) customer size and location.
D) all of the above
Q5) What trade-offs do managers need to consider when making transportation decisions?
Q6) Discuss the two key players involved in any transportation in the supply chain.
Page 16
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Chapter 15: Sourcing Decisions in a Supply Chain
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104 Flashcards
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Sample Questions
Q1) The decision to have a third party perform a supply chain function is called
A) insourcing.
B) outsourcing.
C) offshoring.
D) onshoring.
Q2) Which of the following is not a factor that must be considered when scoring and assessing suppliers?
A) Supply flexibility
B) Supply quality
C) Inbound transportation cost
D) Information instigation capability
Q3) Sourcing a product overseas may have lower product cost but will generally incur a higher inbound transportation cost.
A)True
B)False
Q4) For many firms,price has traditionally been the only dimension that suppliers have been compared on.
A)True
B)False
Q5) Why should supply quality be considered in supplier selection decisions?
Page 17
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Chapter 16: Pricing and Revenue Management in a Supply Chain
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Sample Questions
Q1) Overbooking as a tactic has been used in many industries.However,it has not been used as much as possible in the following industry:
A) hotels.
B) passenger rail.
C) airline.
D) transportation capacity.
Q2) The amount reserved for the spot market should be
A) such that the expected marginal revenue from the spot market equals the current revenue from a bulk sale.
B) such that the expected marginal revenue from the spot market exceeds the current revenue from a bulk sale.
C) such that the expected marginal revenue from the spot market is less than the current revenue from a bulk sale.
D) equal to the maximum revenue available from the spot.
Q3) The use of differential pricing should
A) decrease total profits for a firm.
B) increase total profits for a firm.
C) increase capacity for a firm.
D) decrease capacity utilization for a firm.
18
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Chapter 17: Information Technology in a Supply Chain
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Sample Questions
Q1) The unsuccessful categories of software will be those focused on the supply chain macro processes.
A)True
B)False
Q2) Companies need to think about the future because
A) trends in a company's industry regarding insignificant characteristics could become crucial in the future.
B) managers need to explore how flexible the systems will be when changes are required in the future.
C) IT systems often last for many more years than originally planned.
D) all of the above
Q3) Which of the following is a key process under CRM?
A) Strategic Planning
B) Fulfillment
C) Field Service
D) Order Management
Q4) Explain the role of information in the supply chain.
Q5) Discuss how the three supply chain macro processes interface in order to be successful.
Q6) Explain the role of information technology in the supply chain.
Page 19
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Chapter 18: Sustainability and the Supply Chain
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Sample Questions
Q1) Discuss the factors driving an increased focus on sustainability.
Q2) In the context of greenhouse gas emission,direct emissions are A) controlled by the reporting entity.
B) created through waste disposal.
C) come from utility based services.
D) come from employee based travel.
Q3) A focus on sustainability allows a supply chain to better serve more conscious customers while often reducing supply chain performance.
A)True
B)False
Q4) Walmart reported that in California,over ________ percent of waste has been diverted from landfills and made into something else that produces revenue.
A) 25
B) 40
C) 60
D) 80
Q5) What are some metrics that can be used to measure sustainability for a supply chain?
Q6) Discuss the role of sustainability supply chains.
Page 20
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