1. In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:

A) top performing suppliers in the areas of quality, cost, and availability.
B) crowdsourcing for design capital requirements.
C) e-commerce trading methods.
D) concurrent engineering or participative design.



2. Quality function deployment (QFD) is a methodology designed to ensure that:

A) quality is maintained at all levels of the organization.
B) suppliers providing high-quality parts are certified.
C) defective products do not reach customers.
D) customer requirements are understood and met.



3. Which of the following objectives is a major principle of theory of constraints (TOC) accounting when applied to a supply chain?

A) Total inventory reduction
B) Maximize process utilization
C) Maximize revenue generation
D) Product design simplification



4. The design process by which a firm structures and manages the supply chain to achieve optimization is called:

A) an information network.
B) network planning.
C) smoothing.
D) logistical planning.



5. A company distributes its products through wholesale, retail stores, and its e-commerce website. Inventory and demand forecasting for each channel is managed separately. The company is experiencing high levels of obsolete inventory. Which of the following strategies is most likely to reduce the levels of obsolescence?

A) Place smaller orders with suppliers.
B) Pool inventory and the forecast.
C) Open more outlet stores.
D) Negotiate lower costs with suppliers.