Quiz 2 for BIA 674: Master Supply Chain Concepts

9/22/23, 6:43 PM M2.E1A: Quiz 2: 2023F BIA 674-WS M2.E1A: Quiz 2 Due Sep 24 at 11:59pm Allowed Attempts 2 Points 100 Questions 10 Time Limit 30 Minutes Instructions This quiz consists of multiple-choice and true/false questions. To be successful with the module quizzes, it’s important to read the text and complete the practice exercises. Keep the following in mind: o Multiple attempts: You will have two attempts at this quiz, with your highest score being recorded in the grade book. e Timing: You will need to complete each of your attempts in one sitting, and you are allotted 30 minutes to complete each attempt. o Answers: You may review your answer choices and compare them to the correct answers the day after the quiz due date. To start, click the Begin button. When finished, click the Submit button. Take the Quiz Again Attempt History Attempt Time Score LATEST Attempt 1 2 minutes 100 out of 100 Score for this attempt: 100 out of 100 Submitted Sep 22 at 6:42pm This attempt took 2 minutes. 10/ 10 pts Question 1 Cash to case (C2C) is the duration of time from when cash enters the process as cost to when it returns as collected revenue. Best in class performance on this metric is a C2C that is almost zero. https://sit.instructure.com/courses/68393/quizzes/98641 1/4

9/22/23, 6:43 PM M2.E1A: Quiz 2: 2023F BIA 674-WS True Correctl! False Question 2 10/ 10 pts Lost sales are easily tracked by most retailers. True Correctl! False Question 3 10/ 10 pts The major drivers of supply chain performance are customers, facilities, inventory, transportation, and information. True Correctl! False Question 4 10/ 10 pts The two major types of facilities are production sites and storage sites. Correctl True False https://sit.instructure.com/courses/68393/quizzes/98641 2/4

9/22/23, 6:43 PM M2.E1A: Quiz 2: 2023F BIA 674-WS Question 5 10 /10 pts Inventory is an important supply chain driver because changing inventory policies can dramatically alter the supply chain's efficiency and responsiveness. Correctl! True False Question 6 10 /10 pts Information is potentially the biggest driver of performance in the supply chain as it directly affects each of the other drivers. Correctl! True False Question 7 10/ 10 pts A facility with little excess capacity will likely be no more or less efficient per unit of product it produces than one with a lot of unused capacity. True Correctl False Question 8 10/ 10 pts https://sit.instructure.com/courses/68393/quizzes/98641 3/4

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9/22/23, 6:43 PM Correct! Correctl! Correctl! M2.E1A: Quiz 2: 2023F BIA 674-WS The high utilization facility will have difficulty responding to demand fluctuations. True False Question 9 10/ 10 pts The components of inventory decisions include capacity, cycle inventory, safety inventory, seasonal inventory, and sourcing. True False Question 10 10 / 10 pts Cycle inventory is inventory that is built up to counter predictable variability in demand. True False Quiz Score: 100 out of 100 https://sit.instructure.com/courses/68393/quizzes/98641 4/4

Quiz 2

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