First Round - Question 1

CLM - Pittsburgh Roundtable2000 College Challenge

First Round - Question 1

The mechanics of JIT are most similar to which inventory management approach?

a. MRP

b. fixed order interval

c. DRP

d. Two-bin-system

e. just in case



The mechanics of JIT are most similar to which inventory management approach?

a. MRP

b. fixed order interval

c. DRP

d. Two-bin-system

e. just in case



Freight absorption is:a. rates that are higher than allowed by the applicable

tariffs

b. transportation payment lower than the actual costs incurred to ship the product

c. a procedure to receive a legal rebate for volume shipments

d. a special rate authorized by carrier rate bureaus



Freight absorption is:a. rates that are higher than allowed by the applicable

tariffs

b. transportation payment lower than the actual costs incurred to ship the product

c. a procedure to receive a legal rebate for volume shipments

d. a special rate authorized by carrier rate bureaus



Inter modal meansa. the utility of only one mode for transporting a

shipment

b. the utility of more than one mode for transporting a shipment

c. the movement of a shipment between two or more states

d. the movement of a shipment within one state



Inter modal meansa. the utility of only one mode for transporting a

shipment

b. the utility of more than one mode for transporting a shipment

c. the movement of a shipment between two or more states

d. the movement of a shipment within one state



This document is the exporter’s quotation for the goods s/he is offering to ship:

a. Bank Letter

b. Shipper’s Export Declaration (SED)

c. Pro Forma Invoice

d. Packing Slip



This document is the exporter’s quotation for the goods s/he is offering to ship:

a. Bank Letter

b. Shipper’s Export Declaration (SED)

c. Pro Forma Invoice

d. Packing Slip



Vendor managed (VMI) is a concept where:

a. suppliers replenish a retail distribution center with their product without the retailers placing an order

b. retailers handle their own inventory management

c. suppliers replenish a retail distribution center with their product when the retailers tell them to do so

c. vendors hold inventory and ship directly to each stores



Vendor managed (VMI) is a concept where:

a. suppliers replenish a retail distribution center with their product without the retailers placing an order

b. retailers handle their own inventory management

c. suppliers replenish a retail distribution center with their product when the retailers tell them to do so

c. vendors hold inventory and ship directly to each stores



A foreign trade zone is__________:a. an area where a state government has no legal jurisdiction

b. an area where a state does not charge a sales tax

c. an area in which the federal government disregards all import and export quota for products destined to or from favored nations

d. an area where non-domestic (foreign) companies are allowed to do business with minimal regulation

e. none of the above



A foreign trade zone is__________:a. an area where a state government has no legal jurisdiction

b. an area where a state does not charge a sales tax

c. an area in which the federal government disregards all import and export quota for products destined to or from favored nations

d. an area where non-domestic (foreign) companies are allowed to do business with minimal regulation

e. none of the above



In expanded supply chain management, what are the three basic flows that are critical for supply chain partners to coordinate and jointly manage:

a. Material/Product, Information and Advertising

b. Cash, Information and Material/Product

c. Information, Advertising and Cash

d. Information, Material/Product and Training



In expanded supply chain management, what are the three basic flows that are critical for supply chain partners to coordinate and jointly manage:

a. Material/Product, Information and Advertising

b. Cash, Information and Material/Product

c. Information, Advertising and Cash

d. Information, Material/Product and Training



Generally, at higher volumes of throughput, a firm should utilize:

a. a public warehouse

b. a federal warehouse

c. a local warehouse

d. a private warehouse



Generally, at higher volumes of throughput, a firm should utilize:

a. a public warehouse

b. a federal warehouse

c. a local warehouse

d. a private warehouse



Which of the following statements is true regarding time utility?

a. value added by having products available when they are needed

b. involves bridging spatial gap between producer/manufacturer and customer

c. warehousing plays a key role in providing time utility

e. only a. and c. are true



Which of the following statements is true regarding time utility?

a. value added by having products available when they are needed

b. involves bridging spatial gap between producer/manufacturer and customer

c. warehousing plays a key role in providing time utility

e. only a. and c. are true



Timing orders is an important operations management decision. If demand is constant, the purchaser sets a reorder point by:

a. multiplying the demand rate by the lead time

b. adding the demand rate to the lead time

c. dividing the demand rate by the lead time

d. either multiplying or adding demand rate and lead time, depending on the tradeoffs decided upon



Timing orders is an important operations management decision. If demand is constant, the purchaser sets a reorder point by:

a. multiplying the demand rate by the lead time

b. adding the demand rate to the lead time

c. dividing the demand rate by the lead time

d. either multiplying or adding demand rate and lead time, depending on the tradeoffs decided upon


First Round - Tie Breaker Question 1

The challenges involved in managing strategic alliances do not include:

a. knowing when the relationship has reached the end of its useful life

b. handling technology sharing in a senstivie yet open manner

c. monitoring who is getting the most benefit out of each transaction

d. making sure that communication is effective and timely



The challenges involved in managing strategic alliances do not include:

a. knowing when the relationship has reached the end of its useful life

b. handling technology sharing in a senstivie yet open manner

c. monitoring who is getting the most benefit out of each transaction

d. making sure that communication is effective and timely


First Round - Tie BreakerQuestion 2

What is the primary reason for the increase of total inventory costs as the number of warehouses increases?

a. base inventory increases due to the increase of market coverage

b. in-transit inventory increases to service more distribution points

c. safety stock increases

d. in-transit inventory decreases due to more frequent yet smaller quantity shipments

e. total inventory costs do not change as the number of warehouses increases



What is the primary reason for the increase of total inventory costs as the number of warehouses increases?

a. base inventory increases due to the increase of market coverage

b. in-transit inventory increases to service more distribution points

c. safety stock increasesd. in-transit inventory decreases due to more frequent yet smaller

quantity shipments

e. total inventory costs do not change as the number of warehouses increases



This type of channel intermediary actually buys a manufacturer’s goods and sells them in export markets, and is thus a customer of the manufacturer in selected markets:

a. Export Management Company

b. Export Trading Company

c. Customs Broker

d. Goods surveyors

e. Freight Forwarder



This type of channel intermediary actually buys a manufacturer’s goods and sells them in export markets, and is thus a customer of the manufacturer in selected markets:

a. Export Management Company

b. Export Trading Company

c. Customs Broker

d. Goods surveyors

e. Freight Forwarder



Flags of convenience are used:

a. to promote the U.S. flag merchant marine

b. to avoid registering in nations with stringent standards

c. to help the U.S. shipbuilding industry

d. none of the above



Flags of convenience are used:

a. to promote the U.S. flag merchant marine

b. to avoid registering in nations with stringent standards

c. to help the U.S. shipbuilding industry

d. none of the above



Using the fixed order quantity model under conditions of certainty, which is the reorder point if lead time is a constant five days, and yearly demand is 10,000 units (assume 250 working days in the year)?

a. 100

b. 200

c. 400

d. 5,000



Using the fixed order quantity model under conditions of certainty, which is the reorder point if lead time is a constant five days, and yearly demand is 10,000 units (assume 250 working days in the year)?

a. 100

b. 200

c. 400

d. 5,000

Documents

First Round - Question 1