Author: Anonymous

What component of a time series has variations in demand which show peaks and valleys that repeat over a consistent interval such as hours, days, weeks, months, or years?    a.    Trend Variations b.    Cyclical Variations c.    Random Variations d.    Seasonal Variations e.    Data Lag      

Which statement below is FALSE:    a: Truckload (motor) transportation has the most flexibility of any mode of transport in the United States b: On a global basis, air and ocean are the most commonly used modes of transportation c:  A NVOCC serves as a type of intermediary or middleman between ocean carriers and customers for ocean cargo shipping d:  Return/Reverse logistics functions have little to no impact upon a firm’s supply chain and their customers e:  Some types of inventory are raw materials, Work-In-Process (WIP), finished goods, and MRO                 (Maintenance/Repair Operations)  

Thoroughly answer the questions regarding Enterprise Resource Planning system. What is ERP? Why should an organization get an ERP system? Who are the major firms that use ERP systems (name three companies that use ERP systems)?  What are two commonly used ERP systems used in today’s environment? What are the advantages and disadvantages of ERP?  Denote five in each category. Based on class materials, what is the usefulness of Kaizen events in support of an ERP initiative? What are successful implementation pre & post components of a ERP installation or ERP upgrade?

A warehouse/distribution method where items are moved directly to customers without storage in the warehouse for longer periods of time.

The bill of materials for product A with the associated component parts and planning factors (in parenthesis) are showed below.   How many units of the component parts are required to make one unit of the product A for COMPONENTS C and G? 

Inventory Turnover  = Cost of Revenue (COGS) / Average Inventory If the cost of goods sold for a firm is $5,000,000 and has a beginning inventory of $750,000 and ending inventory of $50,000, what is the firm’s inventory turnover?   a)   5.50 b)   3.75 c)   14.29 d)   6.67 e)  11.0

Foreign-trade zones are: a. Secure sites within the U.S. where goods and materials can be assembled and exported without being levied domestic duties or excise taxes b. Secure sites in foreign countries where goods wait for clearance by importing country c. Markets in the U.S. where foreign countries set up and sell products d. Bodies of water where cargo ships are allowed to dock to deliver imported goods e. Tracts of lands in USA  controlled by the Kingdom of Bahrain

Which one of the following is FALSE: a)  An automotive (final product) is an example of an INDEPENDENT demand item that has multiple BOMs b)  Inventory categories are typically raw materials, Work-in-Process, Finished Goods , and MRO (Maintenance and Repair) c) Inventory Turnover  = Cost of Revenue (COGS) / Average Inventory d) MRP – computer-based materials management system that calculates exact quantities, need dates, & planned orderreleases for subassemblies & materials required to manufacture a final product e) The Level Production strategy adjusts capacity to match demand, hires & lays off workers to match demand, and works well for make-to-order firms

Which one of the following is TRUE regarding transportation: a)  An Ocean Glider serves as a type of intermediary or middleman between ocean carriers and customers for ocean cargo shipping b) Truckload rates in USA are usually based upon the rate determined by the US Government c} If a LTL carrier charges $6.95 per CWT, then the cost for a 700 pound shipment would be $48.65 d) Air and Pipeline are the most common transport modes on a global basis

There are the TWO primary techniques/philosophies discussed in Chapter 8 that is used to manage processes in the supply chain such that they will meet the needs of customers today. Provide the prime objectives in a few sentences for each of the two techniques/philosophies. Also, for each technique, provide four elements used to achieve those prime objectives and cite an example {of each} of successful application. Discuss how the two concepts are being combined/used in Supply Chain execution. Identify and share what three (3) Six Sigma statistical tools are best used to isolate causes of a problem in your view/why,  and what standard classifications of problem causes are used.