1. Customized products that are more extensive than standard products do not provide customer value.

T          F

1. A value chain is different from a supply chain in that it provides additional value   on purchases to the company only.

T          F

1. Manufacturing strategies include all of the following except:

1. ___ Build to Order
2. ___ Purchase for Resale
3. ___ Build to Forecast
4. ___ Engineer to Order
5. ___ Assemble to Order

1. Vendor managed inventory implies that the:

1. ___ Vendor manages their own warehouse
2. ___ Vendor manages inventory in their plant for customers

1. ___  Vendor manages the procurement of raw materials to produce products for customers

1. ___ Vendor manages the customer’s inventories
2. ___ Vendor manages a customer’s warehouse

1. Of the following cultural challenges, which doe not below?

1. ___ Climate
2. ___ Topography
3. ___ Inflation
4. ___ Natural Resources
5. ___ All are important

1. Of the following cultural challenges, which does not belong?

1. ___ Religion
2. ___ Language
3. ___ Race
4. ___ Deflation
5. ___ They all belong

1. The following are infrastructure factors except:

1. ___ Railroads
2. ___ Ports
3. ___ Bridges
4. ___ Roads
5. ___ Space Station

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1. Of the following economic challenges, which one is the least common?

1. ___ Balance of payments
2. ___ Inflation
3. ___ Deflation
4. ___ Employment
5. ___ Religion

1. Distribution strategies include the following except:

1. ___ In-house transportation
2. ___ Direct investments
3. ___ Direct sales
4. ___ Wholesalers and distributors
5. ___ Third party providers

1. Which of the following are commonly used hedging strategies?

1. ___ Forward market
2. ___ Money market
3. ___ Currency options
4. ___ A & B
5. ___ All of the above
6. ___ none of the above

1. Which of the following are commonly used inventory management models?

1. ___ Economic Order Quantity (EOQ)
2. ___ Just In Time (JIT)
3. ___ Kanban
4. ___ Two bin
5. ___  Materials Requirements Planning ( MRP)
6. ___ B & D
7. ___ All of the above

1. The following are all common forecasting techniques except:

1. ___ Exponential smoothing
2. ___ Trend extrapolation
3. ___ Simulations
4. ___ Regression analysis
5. ___ Black Sholes model

1. Electronic Data Interchange (EDI) is used to:

1. ___ Convert one’s data format to another
2. ___ Withdraw cash from an Automated Teller Machine (ATM)
3. ___ Transmit orders electronically
4. ___ Send money orders internationally
5. ___ Send wire transfers

1. Global positioning satellite systems are used to:

1. ___ Position the globe
2. ___ Track moving vehicles
3. ___ Communicate orders
4. ___ Locate customers
5. ___ Locate warehouse inventory

1. Lack of connectivity is also described as “denial of service”

T          F

1. Point of Sale terminals refer to mechanical cash registers.

T          F

1. The following are contemporary trends in global value chain management:

1. ___ Automation
2. ___ Virtual integration
3. ___ Disintermediation
4. ___ Differentiation
5. ___ Voice over Internet Protocol

1. Comprehensive web services related to global value chain management include all of the following except:

1. ___ Teleconferencing
2. ___ Virtual integration
3. ___ Internet
4. ___ Electronic markets
5. ___ Voice over Internet Protocol

1. The following are contemporary issues in value chain mangement except:

1. ___ Trust between global value chain partners
2. ___ Resolution
3. ___ Identity theft
4. ___ Reliability
5. ___ Security

1. All of the following enhances the global value chain except:

1. ___ Process versus function
2. ___ Customer centered versus supplier centered
3. ___ Bonus plans for executives
4. ___ Execution versus planning

___ Vendor Managed Inventory

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