Supply Chain Management - 5 LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank Question A further development further development of ________ performance measures is that a matrix of indicators can be formulated to relate main process of Logistics of Logistics to the major long term goals. Correct Answer Logistics Your Answer Logistics Multiple Choice Single Answer Question In the world class logistics study (Published in 1995) there is requirement of :Correct Answer New SCM approach Your Answer New SCM approach Multiple Choice Single Answer Question An improvement in factory order rate & Factory stock level Behav ioral pattern shows dynamic response to :Correct Answer Simulation Model Your Answer APIOBPCS Select The Blank Question EOQ is very sensitive to error as long as the magnitude of cost / demand data is ________ _ _______ accurate. Correct Answer Reasonably Your Answer Reasonably True/False Question Orders arrive in one batch with a known lead time arriving just as stock is exhausted. Correct Answer True Your Answer True True/False Question To reconcile JIT and EOQ, we don’t take fixed setup cost and / or variable holding cost as fixed but seek to reduce them. Correct Answer True Your Answer
True Select The Blank Question Total annual cost is the function that we want to ________ by choosing an appropriate value of quantity. Correct Answer Minimise Your Answer Minimise True/False Question There may be a temptation to dismiss the Kaizen concept particularly suited to Japanese mentality. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question The media for EDI communication are :Correct Answer LAN , Magnetic Tape/ Internet , Direct Data communication Link Your Answer Magnetic Tape/ Internet , Direct Data communication Link , VAN True/False Question If you use only Transport Kanban in Kanban Kanb an process then it is known as simple Kanban Kan ban process. Correct Answer True Your Answer True Select The Blank Question Supply chains consist of ________ of companies of companies.. Correct Answer Multiple Layers Your Answer Multiple Layers Multiple Choice Multiple Answer Question The data entered for the problem scenario are :Correct Answer Planning Resources Name , Capacity Unit of Planning Resourcing , Capacity Requirement per Product Your Answer Planning Resources Name , Capacity Unit of Planning Resourcing , Capacity Requirement per Product True/False Question EDI helps in Performance Improvement. Correct Answer
True Your Answer True True/False Question Logistics must be treated as cost saving function. Correct Answer True Your Answer False Select The Blank Question The retailers undertake Pareto Analysis routinely to ________ turnover of item. Correct Answer Compare Your Answer Calculate True/False Question There are no international EDI standards. The user organization require to develop it for their operation only. Correct Answer False Your Answer True Select The Blank Question In the MRP package referred in the example, the entry of capacity data is to see if we are________ production capacity. Correct Answer Exceeding Your Answer Not meeting Multiple Choice Multiple Answer Question The problems faced by the HP DCs due to traditional system were :Correct Answer Large finished goods inventory , Additional stock to handle all the product proliferation , Increasing emphasize placed on speed Your Answer Large finished goods inventory , Additional stock to handle all the product proliferation , Increasing emphasize placed on speed Select The Blank Question The realistic ________ demonstrate the benefits of a holistic view of supply chain information flow. Correct Answer Simulation Model Your Answer Simulation Model
Multiple Choice Single Answer Question The Central idea in supply chain is to focus on :Correct Answer Key Metrics Your Answer Key Metrics Multiple Choice Single Answer Question Which network between companies making different ingredients to many products can be charted? Correct Answer Supply network Your Answer Supply network Multiple Choice Multiple Answer Question Risk a stock out can be faced because of :Correct Answer Delay in resupply , Higher than anticipated usage , Unpredictable demand Your Answer Delay in resupply , Higher than anticipated usage , Unpredictable demand Multiple Choice Single Answer Question The decision to hire 3PL services appears to originate from :Correct Answer Top Management Your Answer Top Management Select The Blank Question The purpose of the analysis is to discern some relationship between Y1 values observed so far in order to ________ us to forecast future values of Y1. Correct Answer Enable Your Answer Enable Multiple Choice Single Answer Question Just in Time means that items move through which system as & when they are needed? Correct Answer Production Your Answer Production True/False Question The enriching the order decisions with market p lace information enables the factory to be much more responsive, since less supply chain Filtering is taking place.
Correct Answer True Your Answer True True/False Question Logistics must be treated as cost saving function. Correct Answer True Your Answer False True/False Question JIT need to be applied to all stages of process. Correct Answer True Your Answer True Multiple Choice Single Answer Question The mechanism by which material and information flows through supply chain, is known as :Correct Answer Pipeline Your Answer Logistics Multiple Choice Multiple Answer Question Following are some of the tools for Supply Chain Measurement :Correct Answer Supply Chain cycle Time , Inventory Replenishment Cycle Time , Cash to cash cycle time Your Answer Cash to cash cycle time , Supply Chain cycle Time , Inventory Replenishment Cycle Time Match The Following Question Correct Answer Your Answer Capacity Utilization This is the measure related to a maximum of an organizations ability to provide demanded goods & service in the amount requested It relates with the ability to perform the promised services with dependability and accuracy Reliability It relates with the ability to perform the promised services with dependability and accuracy It relates to willingness to help customer and provide prompt service Quality of operation This relates to customer requirement & needs being consistently satisfied This is the measure related to a maximum of an organizations ability to provide demanded goods & service in the amount requested Speed of operation This is efficient use of time from order to delivery
This is related to production requirement and needs to be consistently satisfied Select The Blank Question Simple method for Time series forecasting is to take a ____ ____ Average. Correct Answer Moving Your Answer Moving Multiple Choice Multiple Answer Question Which of the following are the modes of transport? Correct Answer Rail , Ocean , Air Your Answer Rail , Ocean , Air Multiple Choice Multiple Answer Question EDIFACT is :Correct Answer Standard in Europe in Mid 80's , Accepted by US(ANSI) to supersede X 12 , Promoted as world ADI Standard Your Answer Standard in Europe in Mid 80's , Accepted by US(ANSI) to supersede X 12 , Promoted as world ADI Standard Multiple Choice Multiple Answer Question In SCM metrics, Training means :Correct Answer Inhouse training , APICS Membership , Certification Training Your Answer Inhouse training , APICS Membership , Certification Training Multiple Choice Single Answer Question In the field of IT enabled Supply Chain, "TPS" means:Correct Answer Transaction Processing system Your Answer Transaction Processing system Multiple Choice Single Answer Question By delaying expensive operations & the point of product differentiation, enables company to maintain what portion of its inventories in cheaper form? Correct Answer Bulk Your Answer Bulk Multiple Choice Multiple Answer Question Fixed quantity systems :-
Correct Answer Can cope well with demand variability , Facilitate lower stocks , Orders can not be consolidated to secure supplier discounts Your Answer Are easy to manage , Can cope well with demand variability , Facilitate lower stocks Multiple Choice Multiple Answer Question The MRP output consists of :Correct Answer Scheduled receipt , Projected net required , Planned order Release , Projected sales Your Answer Scheduled receipt , Projected net required , Planned order Release Multiple Choice Single Answer Question In the current business scenario Indian organisations require to improve customer service to become perfect in :Correct Answer Customer centric process Your Answer Customer centric process Multiple Choice Multiple Answer Question Which are the SMART goals? Correct Answer Specific , Measurable , Attainable Your Answer Specific , Measurable , Attainable Match The Following Question Correct Answer Your Answer Seamless SCM Towill Burbidge Value of Information Glazer Towill Filtering Del-Vecchio Van Amstel Industrial dynamics Burbidge Del-Vecchio Select The Blank Question BOMs are structural ________ that changes relatively infrequently. Correct Answer Information Your Answer Information
Multiple Choice Single Answer Question Hiring cost per employee is:Correct Answer Hiring cost Your Answer Hiring cost Multiple Choice Single Answer Question The supply chain management is compared by " Cooper and Ellram" with :Correct Answer Relay Team Your Answer Relay Team Select The Blank Question ODETTE an EDI Format is developed & used by ________motor Industry. Correct Answer European Your Answer European Multiple Choice Multiple Answer Question The advantages of changing from traditional adversarial approach to modern industrial relationship are advocated by :Correct Answer MacBerth , Fergusson , Towill & Naim Your Answer MacBerth , Fergusson at 12:30 AM 0 comments Links to this post Labels: Supply Chain Management
Supply Chain Management - 4 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Select The Blank Question Exponential smoothing can be viewed as forecast continually________ by the forecast error just made. Correct Answer Updated Your Answer Updated True/False Question The constraints in multiple equation methods will probably be different for different groups. Correct Answer
True Your Answer True Multiple Choice Single Answer Question The location decision in supply chain entities are concerned with:Correct Answer Plants Your Answer Plants True/False Question Postponement does guarantee win win situation under all circumstance in spite of cost involved. Correct Answer True Your Answer False True/False Question The estimate is that the 3 PL industry will quadruple its size in next five years. Correct Answer False Your Answer True True/False Question The impact of indirect cost increase is sometimes not limited to company implementing postponement, but affects the other players in the supply chain. Correct Answer True Your Answer True Multiple Choice Single Answer Question The co-ordination between various players in the supply chain is the key for the effective :Correct Answer Management Your Answer Management Select The Blank Question We have criteria for ________ forecasts, however generalized they are. Correct Answer Distinguishing Your Answer Comparing Multiple Choice Single Answer
Question To achieve standardization & customization at the same time, what will have to be done with products? Correct Answer Develop new products with robust design Your Answer Improve regular product with better design Multiple Choice Single Answer Question Which of the following has great impact on current business performance with respect to SCM? Correct Answer Right Customer Your Answer New Technology Multiple Choice Single Answer Question How many levels the supply chain management is divided into ? Correct Answer Three Your Answer Three Multiple Choice Multiple Answer Question The SCM key metrics should be closely aligned to the company's strategic objectives. In this measurements usually covers :Correct Answer Internal Business , Training , Customer Your Answer Internal Business , Training , Customer Multiple Choice Multiple Answer Question The box jenkins method requires forecasters to :Correct Answer Use their experience , Use their expert judgment , Use their Knowledge Your Answer To make judgments , Use their experience , Use their expert judgment Multiple Choice Multiple Answer Question The category of forecasting are :Correct Answer Short Term , Medium Term , Long Term Your Answer Short Term , Medium Term , Long Term Multiple Choice Multiple Answer Question JIT is :Correct Answer Top Down system , Centrally organized , Imposed p roduction system Your Answer
Centrally organized , Imposed production system , Implement procurement system Match The Following Question Correct Answer Your Answer Analytical Solution Is the possibility of using mathematical methods to obtain exact information on question of interest. Is the possibility of using mathematical methods to obtain exact information on question of interest. Modeling Is the process by which we try to gain the understanding of how the corresponding system behaves. Is used to evaluate the impact of information sharing and Co-Ordination. Simulation Is the tool for understanding issues of organizational decision making. Is the tool for understanding issues of organizational decision making. System Is the facility or process of interest. Is the facility or process of interest. True/False Question In practice, the data items for MPS will have no rmally same value in each week. Correct Answer False Your Answer True Multiple Choice Multiple Answer Question Fixed quantity systems :Correct Answer Can cope well with demand variability , Facilitate lower stocks , Orders can not be consolidated to secure supplier discounts Your Answer Are easy to manage , Can cope well with demand variability , Facilitate lower stocks Select The Blank Question The mode choice aspect of transport decisions are more ________ ones, as they are closely linked with inventory decision. Correct Answer Strategic Your Answer Strategic Multiple Choice Multiple Answer Question EDIFACT is :Correct Answer Standard in Europe in Mid 80's , Accepted by US(ANSI) to supersede X 12 , Promoted as world ADI Standard Your Answer Standard in Europe in Mid 80's , Accepted by US(ANSI) to supersede X 12 , Promoted as world ADI Standard Multiple Choice Multiple Answer
Question What are the prerequisites for change while Switching over to SCM? Correct Answer Shared Vision , Capacity for Change , Pressure For the Cha nge Your Answer Pressure For the Change , Capacity for Change , Outbound Training True/False Question Total productivity can be expressed as the overall measure of economic effectiveness. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question The key in effective management of the firms transport strategy is :Correct Answer Shipment Size , Routing , Scheduling of Equipment Your Answer Shipment Size , Routing , Scheduling of Equipment Multiple Choice Single Answer Question Whose brilliance & strength of productivity management is to provide themselves being one step ahead? Correct Answer Japanese Your Answer Japanese Multiple Choice Multiple Answer Question Japan management related elements of Kanban are methods in which following techniques are included & interlinked :Correct Answer Teamwork , Quality circle , Continual development Your Answer Teamwork , Quality circle , Continual development Match The Following Question Correct Answer Your Answer MSE Mean Square Error Mean Square Error MSD Mean Absolute deviation Mean Absolute deviation CFE Cumulative forecast error Cumulative forecast error MAPE
Mean Absolute Error Mean Average Percent error. Select The Blank Question The reduced stock holding eliminates ________ of goods. Correct Answer Double Handling Your Answer Double Handling Multiple Choice Single Answer Question What was introduced by Toyoto to have a method of controlling production in new environment? Correct Answer Kanban Your Answer JIT Multiple Choice Multiple Answer Question The benefit of MRP is that the process is automated, hence it :Correct Answer Is quicker , Is less error prone , Can easily take other items that go to make final assembly Your Answer Is quicker , Is less error prone , Can easily take other items that go to make final assembly True/False Question For a fixed time re-order cycle system, the time at risk is re-order lead time p lus the re-order cycle time. Correct Answer True Your Answer True True/False Question For total productivity, the Japanese concentrate on the indicators of various elements rather than measuring the output input ratio. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question The data entered for the problem scenario are :Correct Answer Planning Resources Name , Capacity Unit of Planning Resourcing , Capacity Requirement per Product Your Answer Capacity Unit of Planning Resourcing , Capacity Requirement per Product , Total Number of Planning Resources Select The Blank
Question Periodic stock checks to count the stock physically enable the store to feed in ________ figures to reconcile physical stock against book stock. Correct Answer Adjustment Your Answer Revised Select The Blank Question BOM can have ________ levels. Correct Answer Many Your Answer Many Multiple Choice Single Answer Question If the cash flow of organization is affected then it means that forecasts are :Correct Answer Inaccurate Your Answer Inaccurate True/False Question The corporations production Kanban is the card which regulates the suppliers production kanban. Correct Answer False Your Answer True Multiple Choice Single Answer Question SCM is the management philosophy to deal with integrated material & information flow, right from raw material to consumption of finished goods but the focus is given to :Correct Answer End User Your Answer End User Select The Blank Question Total annual cost is the function that we want to ________ by choosing an appropriate value of quantity. Correct Answer Minimise Your Answer Keep on reducing Select The Blank Question The basic operators framework ________ that there is a link between capabilities & strategy on one hand & capabilities & resources & infrastructure on the other hand. Correct Answer
Implies Your Answer Implies Multiple Choice Single Answer Question Inadequate & excess inventory both are revenue losses for a business so as to avoid this, which of the following is required? Correct Answer TQM & JIT Your Answer TQM & JIT Select The Blank Question Kanban process ________ focuses on the human factors of production. Correct Answer Indirectly Your Answer Indirectly True/False Question The globalization of supply chain does not change the requirement within supply chain management. Correct Answer False Your Answer True Select The Blank Question The fire in 1997 forced Toyoto to embark upon review of ________ that were sourced from single supplier. Correct Answer Components Your Answer Components Multiple Choice Single Answer Question The result of all the factors is that there is not a single integrated plan for the :Correct Answer Organisation Your Answer Supply Chain Management Select The Blank Question The real benefits of Kanban will not be ________ until the auto-industry moves into a mixed production. Correct Answer Realized Your Answer Realized Multiple Choice Single Answer
Question The demand for one stop shopping has encouraged some of the large companies to set up their own :Correct Answer Logistics Companies Your Answer Warehousing Companies Multiple Choice Single Answer Question The third party logistics companies' capabilities are the result of extensive investment in :Correct Answer Technology Your Answer Technology at 12:26 AM 0 comments Links to this post Labels: Supply Chain Management
Supply Chain Management - 3 LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank Question Periodic stock checks to count the stock physically enable the store to feed in ________ figures to reconcile physical stock against book stock. Correct Answer Adjustment Your Answer Adjustment Multiple Choice Single Answer Question In both marking stock and order, which cost is incurred? Correct Answer Stock acquisition Your Answer Inventory Multiple Choice Single Answer Question Inadequate & excess inventory both are revenue losses for a business so as to avoid this, which of the following is required? Correct Answer TQM & JIT Your Answer ERP True/False Question Backorder means an unfilled customer order. Correct Answer
True Your Answer True Multiple Choice Single Answer Question JIT is a system based on what usage- parts of production system which are linked together? Correct Answer Actual Your Answer Actual Multiple Choice Multiple Answer Question EDI agreement Legal Aspects covers :Correct Answer Internet cyber law , Time that message will be retained , Procedure for settling any dispute Your Answer Internet cyber law , Time that message will be retained , Procedure for settling any dispute Select The Blank Question The fire in 1997 forced Toyoto to embark upon review of ________ that were sourced from single supplier. Correct Answer Components Your Answer Consumables Multiple Choice Multiple Answer Question The box jenkins method requires forecasters to :Correct Answer Use their experience , Use their expert judgment , Use their Knowledge Your Answer Use their experience , Use their expert judgment , Use their Knowledge Match The Following Question Correct Answer Your Answer Stock out ratio Is comparison of % of demand actually satisfied with the defined service Is comparison of % of demand actually satisfied with the defined service Lead time Is the time between a replenishment need arising & new deliveries being ready for use Is the time between a replenishment need arising & new deliveries being ready for use Inventory service level Is % probability of stock availability to meet demands Is % probability of stock availability to meet demands ABC Analysis Can be used to classify stock groups Can be used to classify stock groups Multiple Choice Multiple Answer
Question In Supply Chain Management, the goal is to be able to replace inventory of :Correct Answer Manufacturers , Suppliers , Customers Your Answer Manufacturers , Suppliers , Distributors Multiple Choice Multiple Answer Question If the requirement of chairs as given are 135 in week 3, 90 in week 5, 60 in week 6 then the requirement of backs are :Correct Answer 85 in week 1 , 90 in week 3 , 60 in week 4 Your Answer 85 in week 1 , 90 in week 3 , 60 in week 4 Multiple Choice Single Answer Question What is the technique in which, a body of experts are hired to arrive at opinion about the future? Correct Answer Delphi Your Answer Delphi True/False Question If you use only Transport Kanban in Kanban process then it is known as simple Kanban process. Correct Answer True Your Answer True Multiple Choice Single Answer Question JIT was initially known as what production system? Correct Answer Toyoto Your Answer Toyoto Select The Blank Question Japanese logistics performance and its ________ are paramount priorities in their business environment. Correct Answer Effectiveness Your Answer Effectiveness True/False Question The marketing effort is somewhat restricted by the necessity to sell leftover products following year. Correct Answer True Your Answer
True Multiple Choice Single Answer Question The mechanism by which material and information flows through supply chain, is known as :Correct Answer Pipeline Your Answer Pipeline Select The Blank Question BOMs are structural ________ that changes relatively infrequently. Correct Answer Information Your Answer Information Multiple Choice Multiple Answer Question The consequence of longer lead time will often be :Correct Answer Less Dependability , Reduce Production Facility , Higher Levels Of Inventory Your Answer Less Dependability , Reduce Production Facility , Higher Levels Of Inventory Multiple Choice Multiple Answer Question The changes to be made in supply chain due to problem of longer lead time is:Correct Answer Speed it up , Restructure it , Change co-ordination Your Answer Speed it up , Restructure it , Change co-ordination Multiple Choice Multiple Answer Question Postponement benefits are :Correct Answer Increased sales , Lower inventory holding cost , Lower scrap cost Your Answer Increased sales , Lower inventory holding cost , Lower scrap cost Multiple Choice Multiple Answer Question JIT is a suitable production system, when :Correct Answer A reasonable number of units made , A product is of high value , Setup time on machine is short Your Answer A reasonable number of units made , A product is of high value , Setup time on machine is short Multiple Choice Multiple Answer Question In SCM metrics, customer measurements are :Correct Answer
Order Fill Rate , Backorder Levels , On Time Delivery Your Answer Cycle Time , Order Fill Rate , Backorder Levels True/False Question JIT/TQM are the tools for SCM. Correct Answer True Your Answer True Match The Following Question Correct Answer Your Answer Towill 1996 1996 Forrester 1960 1960 Amstel 1990 1990 Whiteoak 1994 1994 True/False Question Direct cost increase can be caused by product or process redesign. Correct Answer True Your Answer True Multiple Choice Single Answer Question Kanban was originally developed for which company as a way of managing material flow in the assembly line? Correct Answer Toyota Your Answer Toyota True/False Question The measures suggested by Balloy have limited application, mainly at the strategic rather that operational level. Correct Answer False Your Answer False True/False
Question For a fixed time re-order cycle system, the time at risk is re-order lead time p lus the re-order cycle time. Correct Answer True Your Answer True True/False Question With respect to Procter & Gamble, only way to success is law of industrial dynamics. Correct Answer False Your Answer True Select The Blank Question Simple method for Time series forecasting is to take a ____ ____ Average. Correct Answer Moving Your Answer Moving Select The Blank Question The cheapest solution is to simply ________ backorders to built up over the planning period. Correct Answer Allow Your Answer Allow Multiple Choice Single Answer Question Different machines were clustered together to eliminate : Correct Answer Transportation of item Your Answer Movement of workers True/False Question There may be a temptation to dismiss the Kaizen concept particularly suited to Japanese mentality. Correct Answer True Your Answer False Multiple Choice Single Answer Question According to Ducker, Customer focus oriented logistics must be treated as :Correct Answer Cost saving Function Your Answer Cost saving Function
Select The Blank Question It is often important to conduct ________ analysis in MRP. Correct Answer What-if Your Answer What-if Select The Blank Question The basic operators framework ________ that there is a link between capabilities & strategy on one hand & capabilities & resources & infrastructure on the other hand. Correct Answer Implies Your Answer Implies Multiple Choice Multiple Answer Question The factors likely to generate future business are :Correct Answer Integrated Logistics Function , Expertise In Information System Your Answer Expertise In Information System , Specialized Logistics Function , Increase in reach to clients Multiple Choice Multiple Answer Question The information Enriched simulation Model is based on :Correct Answer Automatic Pipeline Inventory , OBPCS , Traditional Model Your Answer Automatic Pipeline Inventory , OBPCS , Traditional Model Multiple Choice Single Answer Question The result of all the factors is that there is not a single integrated plan for the :Correct Answer Organisation Your Answer Organisation Select The Blank Question The safety stock penalty of fixed re-order cycle methods __ ______, as stock usage value & demand variability rise. Correct Answer Worsens Your Answer Deteriorates Select The Blank Question Suppliers agree to give customer ________ plans to cope with disruption.
Correct Answer Contingency Your Answer Contingency True/False Question In order to meet the guarantee to customer for shipment of notebook PC on same day as receipt of order, the company has to maintain significant amount of inventory. Correct Answer True Your Answer True Select The Blank Question For the good result, supply chain require to be very ________. Correct Answer Transparent Your Answer Transparent Multiple Choice Multiple Answer Question Realignment of infrastructure includes :Correct Answer Production & warehouse premises , Production equipment , Information & IT system Your Answer Production & warehouse premises , Production equipment , Information & IT system Multiple Choice Single Answer Question Historically economic techniques/methods tend to have large forecasting errors, for which term? Correct Answer Medium Your Answer Medium Multiple Choice Single Answer Question In management, construction of a strategic framework for productivity and performance analysis is required for :Correct Answer Logistics management Your Answer Logistics management at 12:25 AM 0 comments Links to this post Labels: Supply Chain Management
Supply Chain Management - 2
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple Answer Question The Technical Aspects of EDI agreement are :Correct Answer coding system , The EDI that is to be employed , The Network that is to be used Your Answer coding system , The EDI that is to be employed , The Network that is to be used Select The Blank Question Outsourcing is not without risks, in fact the benefits are ______ __ more transparent with risks Often being hidden initially. Correct Answer Often Your Answer Often Select The Blank Question BOMs are structural ________ that changes relatively infrequently. Correct Answer Information Your Answer Information True/False Question The key to integration is co-ordination. Correct Answer True Your Answer True Match The Following Question Correct Answer Your Answer Stock out ratio Is comparison of % of demand actually satisfied with the defined service Is comparison of % of demand actually satisfied with the defined service Lead time Is the time between a replenishment need arising & new deliveries being ready for use Is the time between a replenishment need arising & new deliveries being ready for use Inventory service level Is % probability of stock availability to meet demands Is % probability of stock availability to meet demands ABC Analysis Can be used to classify stock groups Can be used to classify stock groups
Multiple Choice Single Answer Question The concept of unfilled customer order as a measurement is known as :Correct Answer A backorder Your Answer A backorder Multiple Choice Multiple Answer Question The competitive priorities in operations strategy are :Correct Answer Cost , Quality , Time Your Answer Cost , Quality , Time Multiple Choice Single Answer Question Master production schedule helps to improve the performance of the value flow across the :Correct Answer Supply chain Your Answer Supply chain True/False Question In an ideal world we would like a forecasting method for which all errors are near zero. Correct Answer False Your Answer True Multiple Choice Multiple Answer Question The realignment of processing includes :Correct Answer Order taking , Purchasing , Manufacturing Your Answer Order taking , Purchasing , Manufacturing Multiple Choice Single Answer Question The co-ordination between various players in the supply chain is the key for the effective :Correct Answer Management Your Answer Management Match The Following Question Correct Answer Your Answer Manager participation in SCM activity 0.16
0.16 Director/GM participation in SCM activity 0.28 0.28 Vice President participation in SCM activity 0.17 0.17 President participation in SCM activity 0.14 0.14 Multiple Choice Multiple Answer Question Which of the following are the modes of transport? Correct Answer Rail , Ocean , Air Your Answer Air , Rail , Ocean True/False Question JIT need to be applied to all stages of process. Correct Answer True Your Answer True Multiple Choice Single Answer Question SCM is the management philosophy to deal with integrated material & information flow, right from raw material to consumption of finished goods but the focus is given to :Correct Answer End User Your Answer End User True/False Question Distribution & Warehousing comes under supply chain measurement. Correct Answer True Your Answer True Multiple Choice Single Answer Question How many levels the supply chain management is divided into ? Correct Answer Three Your Answer Three Select The Blank Question
Simple method for Time series forecasting is to take a ____ ____ Average. Correct Answer Moving Your Answer Moving Multiple Choice Multiple Answer Question The box jenkins method requires forecasters to :Correct Answer Use their experience , Use their expert judgment , Use their Knowledge Your Answer Use their experience , Use their expert judgment , Use their Knowledge Select The Blank Question The Function for EDI software is message tracking and ________. Correct Answer Audit Trail Your Answer Audit Trail Multiple Choice Single Answer Question What can a company improve by being able to postpone the production in its existing business? Correct Answer Performance Your Answer Sales Select The Blank Question If demand is known & steady, then ________ inventory can be estimated. Correct Answer Average Your Answer Total Multiple Choice Single Answer Question The result of all the factors is that there is not a single integrated plan for the :Correct Answer Organisation Your Answer Organisation Multiple Choice Single Answer Question The levels at which long term decisions are made is :Correct Answer Strategic Your Answer Strategic
Multiple Choice Single Answer Question While still maintaining high service level, the objective of supply chain manager for inventory is to :Correct Answer Decrease it Your Answer Decrease it Multiple Choice Single Answer Question What is Supply Chain? Correct Answer Network of Facility & Distribution Your Answer Network of Facility & Distribution Multiple Choice Single Answer Question The third party logistics companies' capabilities are the result of extensive investment in :Correct Answer Technology Your Answer Technology Select The Blank Question Kanban is not a magic bullet, it is rather an organizational shift towards ________ of responsibility. Correct Answer Decentralization Your Answer Decentralization Multiple Choice Multiple Answer Question Following are the parameters of Transportation Metrics :Correct Answer Transit time , Outbound Freight cost , Freight Cost per unit shipped Your Answer Transit time , Outbound Freight cost , Freight Cost per unit shipped Select The Blank Question The cheapest solution is to simply ________ backorders to built up over the planning period. Correct Answer Allow Your Answer Disallow True/False Question EDI helps in Performance Improvement. Correct Answer True Your Answer
True Select The Blank Question Market sales data is the ________ for the whole supply chain. Correct Answer Information catalyst Your Answer Information catalyst Multiple Choice Single Answer Question In the supply chain , Material flows :Correct Answer Downstream Your Answer Downstream Multiple Choice Multiple Answer Question The implications of introducing consolidation centre were :Correct Answer How many centers to have? , Location of centres , Size of centres Your Answer How many centers to have? , Location of centres , Size of centres Multiple Choice Single Answer Question By delaying expensive operations & the point of product differentiation, enables company to maintain what portion of its inventories in cheaper form? Correct Answer Bulk Your Answer Bulk Multiple Choice Single Answer Question In order to avoid a stock in a specified period, the quantity required to be ordered is :Correct Answer 135 Your Answer 135 Select The Blank Question The realistic ________ demonstrate the benefits of a holistic view of supply chain information flow. Correct Answer Simulation Model Your Answer Simulation Model Multiple Choice Single Answer Question The calculations of forecasting methods are :-
Correct Answer Tedious Your Answer Tedious Multiple Choice Multiple Answer Question The media for EDI communication are :Correct Answer LAN , Magnetic Tape/ Internet , Direct Data communication Link Your Answer LAN , Magnetic Tape/ Internet , Direct Data communication Link Multiple Choice Multiple Answer Question In MRP II, the concentration is on planning of the manufacturing resources like :Correct Answer People , Machines , Storage Your Answer People , Machines , Storage Multiple Choice Multiple Answer Question If the demand forecast is accurate then consequently which of the following will be accurate? Correct Answer Master Production Schedule , Material Requirement Planning , Production planning Your Answer Master Production Schedule , Material Requirement Planning , Production planning True/False Question The constant m is called smoothing constant in single exponentially smoothing. Correct Answer True Your Answer True Multiple Choice Single Answer Question Linear Programming is generalized way of what type of modeling decision? Correct Answer Problem Your Answer Strategy True/False Question The simulation model can not be related to the beer game heuristics described by Sterman. Correct Answer False Your Answer False True/False
Question All forecasting methods require complex calculations and therefore a re ideally suited to be done by a computer. Correct Answer False Your Answer False True/False Question Entities in a supply chain may belong to different organization within different companies. Correct Answer False Your Answer True Select The Blank Question Most real world systems are too complex to allow realistic models to be ________ analytically. Correct Answer Evaluated Your Answer Tried at 12:23 AM 0 comments Links to this post Labels: Supply Chain Management
Supply Chain Management - 1 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Select The Blank Question The mode choice aspect of transport decisions are more ________ ones, as they are closely linked with inventory decision. Correct Answer Strategic Your Answer Strategic Select The Blank Question Exponential smoothing can be viewed as forecast continually________ by the forecast error just made. Correct Answer Updated Your Answer Updated True/False Question In practice, the data items for MPS will have no rmally same value in each week. Correct Answer False Your Answer
False Multiple Choice Single Answer Question The location decision in supply chain entities are concerned with:Correct Answer Plants Your Answer Plants Select The Blank Question Kanban process ________ focuses on the human factors of production. Correct Answer Indirectly Your Answer Indirectly Select The Blank Question ODETTE an EDI Format is developed & used by ________motor Industry. Correct Answer European Your Answer European Multiple Choice Single Answer Question The number of weeks taken for ordering material at beginning till the finished products reach customer in the apperal industry as per Flaherty report is:Correct Answer 58.5 weeks Your Answer 58.5 weeks Select The Blank Question The recent development within information technology and software Engineering gives ________ opportunity for Integration and Co-ordination. Correct Answer Unprecedented Your Answer Unlimited True/False Question All movements throughout the factory is controlled by Kanbans, an d since the Kanbans specify item precisely, no defects can be tolerated. Correct Answer True Your Answer True Multiple Choice Single Answer
Question The demand for one stop shopping has encouraged some of the large companies to set up their own :Correct Answer Logistics Companies Your Answer Logistics Companies Multiple Choice Multiple Answer Question The various basic logistics productivity ratios can be used to control elements such as :Correct Answer Transportation , Customer Service , Warehousing Your Answer Warehousing , Transportation , Customer Service Multiple Choice Multiple Answer Question Following results are possible only & only if organisation goes for Supply chain Priorities:Correct Answer On Time Delivery , Reduce Inventory Cost , More Revenue Your Answer On Time Delivery , Reduce Inventory Cost , More Revenue True/False Question NFW means Net financial assets in the private sector. Correct Answer False Your Answer False Select The Blank Question One of the ideas behind JIT is to reduce fixed setup cost & variable holding cost to ________ total cost Correct Answer Drive down Your Answer Drive down True/False Question The visual record process is only a sub-process in Japane se Kanban Management system. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Which are the things that organisation must review for the Strategic Outsourcing? Correct Answer Present Status , Environment , Internal structures Your Answer Present Status , Environment , Internal structures
True/False Question In order to meet the guarantee to customer for shipment of notebook PC on same day as receipt of order, the company has to maintain significant amount of inventory. Correct Answer True Your Answer True Select The Blank Question A further development of ________ performance measures is that a matrix of indicators can be formulated to relate main process of Logistics to the major long term goals. Correct Answer Logistics Your Answer Logistics Multiple Choice Multiple Answer Question The advantages of Kanban system are :Correct Answer A simple system , Provides quick & precise information , Low cost associated with the transfer of information Your Answer Low cost associated with the transfer of information , A simple system , Provides quick & precise information Multiple Choice Single Answer Question Today's supply chain are very complicated to be controlled based on intution, hence what is necessary to have statistical data on the performance of supply chain? Correct Answer Access Your Answer Access Multiple Choice Single Answer Question To implement Just In Time Strategy is to have planning of production and Inventory:Correct Answer Perfect Your Answer Perfect True/False Question The recent survey in various companies about the use of 3 PL logistics showed signs of satisfaction among shippers. Correct Answer False Your Answer False Multiple Choice Multiple Answer
Question Industrial Re-engineering concepts encourage :Correct Answer Modular Organization of work , Multi-skilling , On the job training procedures Your Answer Modular Organization of work , Multi-skilling , On the job training procedures Multiple Choice Multiple Answer Question Most computer peripheral manufacturers have built one plant for major market places like:Correct Answer Europe , America , Asia Your Answer America , Asia , Europe True/False Question MRP typically takes into account the capacity consideration. Correct Answer True Your Answer False Multiple Choice Multiple Answer Question The factors that are to be taken into consideration for the suitability of the Kanban for any nation are :Correct Answer Firm , Cultural differences , External dimensions of nation business Your Answer Firm , Cultural differences , External dimensions of nation business Select The Blank Question According the example, for minimal cost, the number of initial workers considered is ________ Correct Answer 10 Your Answer 10 Select The Blank Question The fire in 1997 forced Toyoto to embark upon review of ________ that were sourced from single supplier. Correct Answer Components Your Answer Components Multiple Choice Single Answer Question In the current business scenario Indian organisations require to improve customer service to become perfect in :Correct Answer Customer centric process Your Answer Customer centric process
Select The Blank Question The value of m reflects the weight given to the current observation in ________ the exponentially smoothed moving average for the specified period. Correct Answer Calculating Your Answer Calculating Match The Following Question Correct Answer Your Answer Planned order release When we need to release the planned orders having regard to lead time required When we need to release the planned orders having regard to lead time required Projected on hand What the inventory level will be if we produce according to plan above & demand forecast is correct What the inventory level will be if we produce according to plan above & demand forecast is correct Projected net requirement What we will need in each period to avoid stock out i.e. the orders that should be placed in order to avoid such stock outs What we will need in each period to avoid stock out i.e. the orders that should be placed in order to avoid such stock outs Planned order receipt What we will receive each period as a result of planned orders What we will receive each period as a result of planned orders True/False Question EDI helps in Just In Time for manufacturing. Correct Answer True Your Answer True True/False Question The estimate is that the 3 PL industry will quadruple its size in next five years. Correct Answer False Your Answer False Multiple Choice Single Answer Question In master production schedule, the aim of any organization is to have fixed period as possible to have market driven :Correct Answer Production Your Answer Production
Multiple Choice Multiple Answer Question The benefit of MRP is that the process is automated, hence it :Correct Answer Is quicker , Is less error prone , Can easily take other items that go to make final assembly Your Answer Is quicker , Is less error prone , Can easily take other items that go to make final assembly Multiple Choice Single Answer Question Marketing, Distribution, planning and Manufacturing along the supply chain operate :Correct Answer Independently Your Answer Independently Multiple Choice Single Answer Question The decision on mode of transport are influenced by geographical placements of :Correct Answer Plants & Warehouse Your Answer Plants & Warehouse Multiple Choice Single Answer Question Which of the following has great impact on current business performance with respect to SCM? Correct Answer Right Customer Your Answer Right Customer Multiple Choice Multiple Answer Question In SCM metrics, Training means :Correct Answer Inhouse training , APICS Membership , Certification Training Your Answer Inhouse training , APICS Membership , Certification Training Multiple Choice Single Answer Question If the demand forecast is more accurate which will result in inventory problems what will be its effect on Inventory Carrying and Ordering cost? Correct Answer It will be optimized Your Answer It will be optimized Multiple Choice Single Answer Question According to Ducker, Customer focus oriented logistics must be treated as :Correct Answer Cost saving Function
Your Answer Cost saving Function Match The Following Question Correct Answer Your Answer Analytical Solution Is the possibility of using mathematical methods to obtain exact information on question of interest. Is the possibility of using mathematical methods to obtain exact information on question of interest. Modeling Is the process by which we try to gain the understanding of how the corresponding system behaves. Is the process by which we try to gain the understanding of how the corresponding system behaves. Simulation Is the tool for understanding issues of organizational decision making. Is the tool for understanding issues of organizational decision making. System Is the facility or process of interest. Is the facility or process of interest. True/False Question Incoming inventory is the receiving of the items, as a result of buying in from external or internal suppliers Correct Answer True Your Answer True Multiple Choice Single Answer Question The supply chain management is compared by " Cooper and Ellram" with :Correct Answer Relay Team Your Answer Relay Team Multiple Choice Multiple Answer Question JIT is :Correct Answer Top Down system , Centrally organized , Imposed p roduction system Your Answer Top Down system , Centrally organized , Imposed p roduction system Multiple Choice Single Answer Question The level to which supply chain management are often said to belong to is:Correct Answer Tactical Your Answer Tactical Multiple Choice Multiple Answer Question