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 are 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