9. If a supply chain is designed to be efficient, which of the following scenari
ID: 352987 • Letter: 9
Question
9. If a supply chain is designed to be efficient, which of the following scenarios is most likely to being? (A) Demand is unpredictable. (D) Suppliers have volume flexibility. (E) Contribution margins are high (B) Product variety is high. (C) Suppliers offer consistent quality 10. The bakery offers a low cost option for birthday cakes: they just add the person's name in icing on a cake that is otherwise all ready to go. What is the supply chain strategy? 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: $1,480,000 for work-in-process, $1,680,000 for raw materials, and $2.820,000 for finished goods. The supplier operates 50 weeks per year. The annual cost of goods sold is expected to be $60-million. How many weeks of supply do they carry Answer 12. Firm X needs a special part for a new model in their range. If firm X makes the purt, they will incur an annual fixed cost of $400,000 and a variable cost of $100 per unit. The managers of firm X decide to consider outsourcing production of the special part and request a quote from supplier š The operations people at supplier S can accurately estimate the fixed and variable costs faced by firm X. The sales people at supplier S forecast that the new model of firm X will require an annual quantity of at most 8,000 units of the special part. If supplier S decides to offer firm X variable cost of $125 per unit in the quote, what's the maximam fixed cost thst supplier S can offer, in order to be confident of getting the contract? The bullwhip effect can be measured by comparing the variance of orders to the variance of demand at different stages of the following phenomena is typical for the bullwhip effect? It is larger downstream in the supply chain. It is largest at opposite ends of the supply chain (D) It is largest in the middle of the supply chain. (E) It is larger upstream in the supply chain (C) It is smallest at opposite ends of the supply chain 14. A retail store operates 360 days per year. Forecasted demand for one particular product they sell is 9,000 units per Price Annual carrying perunat _ cos tperunit 150units/order Supplier Annual freight cost Annual lead time(days) 250 units/order A $44.00 S11.00 B $42.00 10.50 S32.000 S28.000 $50,000 $70,000 Total costs for Supplier A are: $480,200/year with 150 units/order, or $476,750/year with 250 units/order. Which supplier (B) Supplier A; 250 units/order. 15. A firm had plans to buy 75,000 pounds of copper on 22 March, 2018. In order to fix the price, they entered into a and order option is best? (A) Supplier A; 150 units/on (D) Supplier B; 250 units/order (C) Supplier B; 150 units/order (E) Orders of 250 units from either supplier futures contract for 75,000 pounds at $3.20 per pound. Today, the market price for copper is around $3.10 per pound, but it turns out that the firm needs to purchase 80,000 pounds of copper. Which of the following statements is correct? (A) Financial result is negative, physical result is positive, sum of results is zero (B) Financial result is positive, physical result is negative, sum of results is positive (C) Financial result is negative, physical result is positive, sum of results is positive (D) Financial result is positive, physical resul is negative, sum of results is negative (E) Financial result is negative, physical result is positive, sum of results is negative. Page 2 of 2Explanation / Answer
11. Weeks of supply = (Average aggregate inventory value/COGS)*Weeks in action
= ((1,480,000+1,680,000+2,820,000)/60000000)*50
= (5980000/60000000)*50
= 0.09966*50
= 4.98 weeks
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