8. A manufacturer operates 360 days per year. On average, the product standard d

Question

8. A manufacturer operates 360 days per year. On average, the product standard deviation of this usage is 3 pounds per day. Supply lead time for copper is 5 days, an order with the supplier. Holding cost for one pound of copper is $0.77 per year. The manager wants there to be onl ion process uses 12 pounds of copper pe r day. The d it costs $56 to place an y 2% ning out of copper on any given day (2 2.05), If they use a P-system, where is 7, the target inventory level? (A) 853 pounds (B) 855 pounds (C) 878 pounds (D) 905 pounds (E) 932 pounds 9. If a supply chain is designed to be responsive, which of the following claims is likely to be true? (A) Demand is predictable. (D) Suppliers have volume flexibility. (B) Product variety is low. (C) Suppliers offer low cost (E) Contribution margins are low 10. When you buy green paint in Home Depot, they add color to a can of white paint. What is the supply chain strategy? (A) Assemble-to-order (B) Postponement (C) Make-to-order (D) Responsiveness (E) Efficiency 11. A supplier of bearings to automobile manufacturers in Detroit has the following average inventory levels: $1,150,000 for work-in-process, $2,600,000 for raw materials, and $3,250,000 for finished goods. Cost of goods sold for the current year is expected to be $24 million. The supplier operates 51 weeks per year. How many weeks of supply do they carry? (A) 14.875 weeks (B) 12.924 weeks (C) 15.167 weeks (D) 12.676 weeks (E) 17.000 weeks The bullwhip effect can be measured by comparing the variance of orders to the variance of demand at different stages in a supply chain. Which of the following phenomena is typical for measures of the bullwhip effect? (A) They are larger downstream in the supply chain (B) They are largest at opposite ends of the supply chain. (C) They are smallest at opposite ends of the supply chain (D) They are larger upstream in the supply chain. (E) They are largest in the middle of the supply chain.

Explanation / Answer

905 pounds Suppliers have volume flexibility Make to order 17.000 They are larger upstream in the supply chain

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