1			Supply-chain strategy concepts are applicable to what types of companies?
			A)	Manufacturing
			B)	Service
			C)	Restaurants
			D)	Airlines
			E)	All of the above

Consider the following data from a company annual report:

2			The inventory turnover for this company is:
			A)	4.0
			B)	8.0
			C)	10.67
			D)	32
			E)	2.0

Consider the following data from a company annual report:

3			Lower values of inventory turn are considered better for a company.
			A)	True
			B)	False
4			Which of the following product promotional activities would probably help make the supply chain more efficient?
			A)	Price promotions that expire on a specific date
			B)	An "everyday" low price strategy where prices are not dependent on quantity delivered with a specific order
			C)	Special packaging for a specific event that occurs one time each year
			D)	A 2 for 1 price promotion
			E)	All of the above
5			The phenomenon of magnification of demand variability, as we move from the customer to the producer in the supply-chain, is referred to as the:
			A)	Postponement effect
			B)	Elasticity of demand
			C)	Bullwhip effect
			D)	Price deflator
			E)	Just-in-time approach
6			According to Hau Lee, a supply side of the supply chain expert, which of the following types of products need to be delivered with efficient supply-chains?
			A)	Custom products
			B)	Innovative products
			C)	Grocery products
			D)	High technology products
			E)	Responsive products
7			Supply-chain response relates to the following:
			A)	How quickly a customer order can be filled
			B)	How quickly a company can react to a new competing product
			C)	How inexpensive the product is
			D)	A and B
			E)	All of the above
8			The idea of the Value Density calculation is:
			A)	Finding a carrier that can handle the weight
			B)	Matching the weight of the product with an appropriate carrier
			C)	Determining how a product should be shipped considering its weight and value
			D)	Finding the minimum cost carrier
			E)	Finding the fastest carrier for a product
9			What is the main difference between a service supply chain and a manufacturing supply chain?
			A)	Manufacturing supply chains can be outsourced
			B)	Service supply chains rely on interaction between customer and provider
			C)	Service supply chains are shorter
			D)	Manufacturing supply chains can have capacity issues
			E)	They are exactly the same
10			What factors do companies need to consider when sourcing product?
			A)	Material costs
			B)	Transportation cost
			C)	Production costs
			D)	Outsourcing costs
			E)	All of the above
11			An important strategy for localizing a product in the context of supply-chain design is the following:
			A)	Postponing the task of differentiating a product until the last point in the supply network
			B)	Minimizing reengineering cost
			C)	Very high volume sales
			D)	Minimizing inventory cost
			E)	Low direct labor cost