Based on the functional and innovative product categories designated by Marshall L.

Fisher, a proper
performance indicator for a typical innovative product would be to aggressively reduce lead times.

Innovative products are characterized by a high level of uncertainty in demand, short product life
cycles, and rapid changes in technology. Therefore, reducing the time it takes to bring a product to
market can give a company a competitive advantage. By aggressively reducing lead times, a
company can improve its ability to respond to changes in customer demand and reduce the risk of
obsolescence.

Designing for maximum performance at a minimal cost, inventory reduction, and high inventory
turns are more suitable performance indicators for functional products, which are characterized by
stable demand, longer product life cycles, and a focus on cost efficiency.

According to the functional and innovative product categories designated by Marshall L. Fisher,
which of the following would be a proper performance indicator for a typical innovative product: A-
design for maximum performance at a minimal cost. B- aggressively reduce lead times. C- inventory
reduction. D- high Inventory turns. The most appropriate strategic reason to Define and understand
market segments is to: A- Reduce the frequency of requests from existing customers for delivery
exceptions. B- Decrease the number of complaints received from customers regarding supply chain
performance. C- Increase market share by appealing to a wider group of customers. D- attract
customers that align with the firm's core competencies. Which Mode Of long-distance transportation
Would cost the least per ton mile. A-water. B- Air. C- truck. D- Rail. What is the accounts receivable
A/R turnover for a company with the following financial data: Total Revenue: $34,452,000 Cost of
Goods Sold: $14,181,000 Net Receivables: $1,767,000 Inventory: $7,411,000 A- 1.91 B- 4.64 C- 8.03
D- 19.50 Which of the following warehouse technologies relies on driverless, Optical, magnetic
navigation system: A- integrated conveyor system. B- automated storage and retrieval system
(AS/RS) C- automated guided vehicles system. D- integrated sortation system. Which of the
following actions by company is an example of using the third-party logistics (3PL) provider: A- it
leases trailers to use in the company owned-fleet. B- it hires another company to manage required
logistics service providers. C- it hires another company to provide local deliveries. D- it hires a
consultant to advise on the structure of its distribution network. Which of the following entities is
responsible for issuing and updating Incoterms®️: A- World trade organization (WTO). B-
International chamber of commerce (ICC). C- U.S department of commerce. D- United Nations.
Which of the following costs is an example of carrying cost: A- Training. B- Transportation. C-
Warehouse rent. D- Inspection labor. Supplier quality and delivery performance Are critical inputs
which of the following initiatives: A- developing a sourcing strategy. B- implementing reverse
logistics. C- opening a new retail store. D- implementing total quality management. A firm produces
a wide variety of coaxial cable assemblies to customer order and commits to shipping orders within
96 hours of receipt of the customer order. The firm has decided to produce the most common
configurations to stock and ship them within 24 hours of the receipt of the customer order.
Customers will still be able to request specific configurations of the product, but those orders will be
shipped within ten business days of the receipt of the customer. This shift in strategy is an example
of which of the following product design strategies? A- product standardization. B- Industry
specialized. C- customer focused. D- process standardization. Which of the following statements
concerning the reorder point system is true: A- the reorder Point it’s typically used for dependent
items. B- Time intervals between orders are constant. C- order point Quantities vary based on the
demand. D- The order point equals the demand during lead time plus safety stock. Companies with
manufacturing facilities in one country are more cost competitive in exporting goods to world
market when: A- The local currency is strong. B- The local currency is weak. C- The local currency is
stable. D- The local currency is pegged to the target market. A CFO would typically view the
inventory turn over metric to assess which of the following? A- Supplier performance. B- Financial
Performance. C- Liquidity. D- Reliability. Which of the following outcomes is an expected benefit of
effectively implementing supply chain event management software? A- Inventory data are captured
in real time. B- Files are transferred from one corporation to another. C- Notifications of variances
from plans are triggered. D- Communication protocols between companies are standardized. A
group of supply chain partners are focusing on gaining a competitive advantage by quick respond to
changes in customer tastes,the most appropriate measure of the manufacturer to support this
strategic thinking : A) ability to reduce production costs. B) level of finished goods inventory C) total
change over cost. D) average ROI. Inside The demand time fence, can customer orders still be
promised without needing higher authority approval? A- No, because the forecast is fully consumed
by actual orders. B- Yes, because this fence defines what is available to be promised. C- Only when
the forecast is not fully consumed by actual orders. D- only when available to promise quantities
exist. Collaborative planning forecasting and replenishment (CPFR) processes are most valuable
because they can result in: A- improve data verification. B- decrease inventory levels. C- joint
business plans. D- coordinated transportation management. Electronic Data Interchange (EDI) is best
defined as: A- A process of gathering and testing engineering specifications On a computer
workstation. B- System that updates and tracks interactions with customers. C- TechniqueThat deals
with analysis and planning Of logistics and manufacturing. D- Technology to support the paperless
flow of Trading documents. Which of the following metrics should a firm focus improvement efforts
when the firm wishes to improve it's liquidity position? A- inventory days of supply. B- inventory
record accuracy. C- cash cash cash cycle time. D- balance sheet assets. Which of the following ratios
is an activity ratio? A- Account receivables turnover. B- Dept to equity ratio. C- Quick Ratio. D- Gross
profit margin. company has an asset turnover ratio of 1.8, inventory of $3,000, a 20% profit margin,
and $5,000 in total assets. What is the total sales volume for the company? Mark one answer: $ 5,400
$ 9,000 $15,000 $25,000 A manufacturer has a product family of energy drinks which has stable
demand and uses forecasting to push its product in the market. Recently, the manufacturer has
decided to launch a new product family of drinks for fat loss. Also, there is no competitor for the new
product family in the market. Keeping in view the current situation, which of the following strategies
would you suggest for the manufacturer? a. Forecast/Push for both product families b. Push for
existing product family and make-to-order for new one c. Pull for the existing product family and
make-to-stock for new one d. Make-to-order for both product families Which of the following
Metrics define supply chain responsiveness according to SCOR level 1 ? A- perfect order fulfillment.
B- fill rate. C- cash to cash cycle time. D- order fulfillment cycle time A company works 261 days a
year, and have an item with annual demand 60 units, the company have current stock 10 units.....
how many days the inventory coverage ? A- 61 Days B- 44 Days C- 30 Days D- 51 Days Quantitative
extrinsic data are used with which of the following forecasting techniques: A- exponential smoothing.
B- marketing surveys. C- Delphi method. D- casual method. The primary objective of aggregate
planning is to: A- Improve forecast accuracy. B- Reduce cash to cash cycle. C- Develop service-level
target. D- Achieve cyclical employment levels. Which of the following might cause cyclical
movements in a time series of demand data? A. Holiday shopping. B. Decline in buying related to
product life cycle. C. Recession. D. Random changes in customers’ tastes. A company that is
implementing vertical integration should mostly consider: A- Capital expenditures. B- location of
customers. C- location of suppliers. D- operational expenditures. If a firm uses a logistics supplier to
integrate with external members and internally combines warehousing and transportation to
optimize cost, it has evolved to at least ? A- multiple dysfunction. B- semi-functional enterprise. C-
integrated enterprise. D- extended enterprise. An auto manufacture buys directly from a utility
company, carburetor builder, textile company and Metal sheets Producer. How many tiers of
suppliers are being described? A- One. B- Two. C- Three. D- Four. The primary reason for enhancing
supply chain security is: A- meet government requirements. B- reduce insurance cost. C- improve
lead times. D- protect brand image. What are the four core values of the United Nations global
compact: A- human rights, labor, environment, and anti-corruption. B- human rights, anti-corruption,
local politics, and local sourcing. C- human rights, local politics, local sourcing, labor. D- local
sourcing, environment, local politics, labor.
ChatGPT
According to the functional and innovative product categories designated by Marshall L. Fisher,
which of the following would be a proper performance indicator for a typical innovative product?

A- design for maximum performance at a minimal cost.

B- aggressively reduce lead times.

C- inventory reduction.

D- high Inventory turns.

Answer: B- Aggressively reduce lead times would be a proper performance indicator for a typical
innovative product. Fisher categorizes products into two categories: functional and innovative.
Functional products are those with predictable demand, low profit margins, and long life cycles,
while innovative products have uncertain demand, high profit margins, and short life cycles. Lead
time reduction is a crucial performance indicator for innovative products as it enables companies to
bring new products to market quickly and be responsive to changing customer demand.

The most appropriate strategic reason to Define and understand market segments is to:

A- Reduce the frequency of requests from existing customers for delivery exceptions.

B- Decrease the number of complaints received from customers regarding supply chain
performance.

C- Increase market share by appealing to a wider group of customers.

D- attract customers that align with the firm's core competencies.

Answer: C- Increase market share by appealing to a wider group of customers. Defining and
understanding market segments is essential to identify potential customers, their needs, and their
preferences. By doing so, companies can tailor their products and services to meet the unique
requirements of each market segment, thereby increasing the appeal of their products to a broader
group of customers and gaining market share.

Which Mode Of long-distance transportation Would cost the least per ton mile.

A-water. B- Air. C- truck. D- Rail.

Answer: A- Water. Transportation by water is typically the cheapest mode of long-distance

transportation as it can carry large volumes of goods over long distances. Water transportation costs
less per ton-mile than other modes of transportation, such as air or truck, due to economies of scale.

What is the accounts receivable A/R turnover for a company with the following financial data:

Total Revenue: $34,452,000 Cost of Goods Sold: $14,181,000 Net Receivables: $1,767,000 Inventory:
$7,411,000

A- 1.91 B- 4.64 C- 8.03 D- 19.50

Answer: B- 4.64. The A/R turnover ratio is calculated by dividing net sales by average accounts
receivable. Net sales are calculated by subtracting the cost of goods sold from total revenue. The
average accounts receivable are calculated by adding the beginning and ending accounts receivable
balances and dividing by two.

Net Sales = Total Revenue - Cost of Goods Sold = $34,452,000 - $14,181,000 = $20,271,000

A/R Turnover Ratio = Net Sales / Average Accounts Receivable = $20,271,000 / (($1,767,000 +
$1,767,000) / 2) = 4.64

Therefore, the A/R turnover for this company is 4.64.

Which of the following warehouse technologies relies on driverless, Optical, magnetic navigation
system:

A- integrated conveyor system. B- automated storage and retrieval system (AS/RS) C- automated
guided vehicles system. D- integrated sortation system.

Answer: C- Automated guided vehicles (AGVs) system relies on driverless, optical, magnetic
navigation systems. AGVs are autonomous vehicles that are guided by markers or sensors in the
floor or by other guidance systems, such as lasers or magnets. They are often used in manufacturing
and warehousing operations to move materials and products from one location to another.

Which of the following actions by a company is an example of using the