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 normally 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, and 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 Japanese 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 production system
Your Answer
Top Down system , Centrally organized , Imposed production 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
If we take chair figures from MPS as chair requirement and to meet those requirements, the package will produced a detailed production plan for :-
Correct Answer
Seats , Backs , Legs
Your Answer
Seats , Backs , Legs