A furniture maker has delivered a dining set directly to the end consumer rather than to the furniture store. The furniture maker is practicing which of the following?
A) postponement
B) drop shipping
C) channel assembly
D) passing the buck
E) float reduction
Answer: B
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Management Chapter 11
- Outsourcing:
- Which of the following is NOT one of the five parts of the Supply Chain Operations Reference (SCOR) model?
- Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, how many weeks of supply does the firm hold?
- Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover?
- Which of the following is NOT true about reverse logistics as compared to forward logistics?
- What term describes a supply chain that is designed to optimize both forward and reverse flows?
- In supply chain management, ethical issues:
- The Institute for Supply Management:
- Which of the following statements does NOT accurately explain what occurs when the number of facilities in a distribution network increases?
- As the number of facilities increases, total logistics costs tend to follow a curve that first declines, then rises. Why?
- What three logistics-related costs are relevant when analyzing the choice of number of facilities in a distribution network?
- Designing distribution networks to meet customer expectations suggests what three criteria?
- Distribution management focuses on which of the following?
- Warehouses sometimes perform certain other functions besides storing goods. Which of the following is NOT typically one of those functions?
- While freight rates are often based on very complicated pricing systems, in general, the primary freight price factor is based on which of the following attributes?
- By which distribution system is more than 90 percent of U.S. coal shipped?
- Which one of the following distribution systems offers speed and reliability when emergency supplies are needed overseas?
- What term is used to describe the outsourcing of logistics?
- In what type of auction does a buyer initiate the process by submitting a description of the desired product or service?
- Which of the following is NOT a typical benefit of centralized purchasing?
- Which of the following would NOT be subject to negotiation between a buyer and supplier?
- What are the four stages of supplier selection?
- What are the three classic types of negotiation strategies?
- E-procurement:
- What type of negotiating strategy requires the supplier to open its books to the purchasers?