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 plus 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