Supply Chain Management - 5

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



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 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 Behavioral 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 process then it is known as simple Kanban process.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Supply chains consist of ________ 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 place 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