The inventory turnover ratio used in measuring supply chain efficiency is found by the ratio of which of the following?
Cost of goods sold/Average aggregate inventory value
If the average aggregate inventory value is $45,000 and the cost of goods sold is $10,000, which of the following is weeks of supply?
234
If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory turnover?
4.5
The effect of the lack of synchronization among supply chain members is referred to as which of the following?
Bullwhip effect
When using the supply chain uncertainty framework to classify supply chains, a supply chain for functional products with an evolving supply process is called which of the following?
Risk hedging
When using the supply chain uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following?
Agile
Which of the following is an organizationally-driven reason for outsourcing?
Improve effectiveness by focusing on what the firm does best
Which of the following is an improvement-driven reason for outsourcing?
Shorten cycle time
When considering outsourcing, what should firms be sure to avoid?
Giving the outsourcing partner opportunities to become a strong competitor
Which of the following product categories includes fashionable clothing, personal computers, and other products that typically have a very brief life cycle?
Innovative products
Which of the following is one of the strategic characteristics to consider when deciding how supplier relationships should be structured on the continuum between vertical integration (do not outsource) to arm's length relationships (outsource)?
Coordination
The six-step process for green sourcing does not include which of the following?
Confer with environmental groups
Acquisition costs include which of the following costs?
Quality costs