- (Topic 3)
Some firms that have licensed other companies to manufacture their products run the risk of:

1. A. losing market share.
2. B. the other companies becoming competitors.
3. C. the products becoming a commodity.
4. D. the products being overpriced.

Correct Answer: B

- (Topic 3)
A company is aggressively pursuing improvements in the financial performance of its supply chain. The company should first focus its efforts on which of the following metrics?

1. A. Process takt time
2. B. Cycle count accuracy
3. C. Number of inventory turns
4. D. Number of first-tier suppliers

Correct Answer: C

- (Topic 3)
Value stream mapping is a useful tool primarily because it:

1. A. redefines supply chain relationships.
2. B. is completed in 1 or 2 days.
3. C. is used to improve efficiency in a specific area.
4. D. looks at the entire supply chain rather than an isolated process.

Correct Answer: D

- (Topic 3)
Which of the following supplier performance factors typically is most critical for organizations that outsource production?

1. A. Speed
2. B. Reliability
3. C. Flexibility
4. D. Malfunction recovery

Correct Answer: B

- (Topic 3)
Effective sales and operations planning (S&OP) can contribute most to which of the following objectives?

1. A. Increasing product quality
2. B. Increasing the number of new customers
3. C. Reducing unexpected customer requests
4. D. Reducing excess inventory

Correct Answer: D