Supply Chain Management - 7

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Multiple Choice Multiple Answer
Question
JIT philosophy has following features :-
Correct Answer
Continuous improvement always striving to improve , Elimination of waste in many forms , Belief that ordering / holding cost can be reduced
Your Answer
Elimination of waste in many forms , Belief that ordering / holding cost can be reduced , Continuous improvement always striving to improve

Multiple Choice Single Answer
Question
JIT was initially known as what production system?
Correct Answer
Toyoto
Your Answer
Toyoto

Multiple Choice Multiple Answer
Question
The pitfalls in inventory management can be avoided by using :-
Correct Answer
Agent Based management , Information System , Globalization
Your Answer
Agent Based management , Information System , Globalization

Multiple Choice Single Answer
Question
Product lines with highly customized end product find it difficult to forecast on product basis :-
Correct Answer
The demand
Your Answer
The demand

Multiple Choice Multiple Answer
Question
The various basic logistics productivity ratios can be used to control elements such as :-
Correct Answer
Warehousing , Transportation , Customer Service
Your Answer
Warehousing , Transportation , Procurement

True/False
Question
The constant m is called smoothing constant in single exponentially smoothing.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The inventory control systems are :-
Correct Answer
Two bin , Re-order cycle , Annual demand
Your Answer
Two bin , Re-order cycle

Select The Blank
Question
The overtime cost per hour is ________ in minimal cost strategy.
Correct Answer
£ 25
Your Answer
£ 20

Select The Blank
Question
________ demand is converted into order information and passed down through the supply chain to trigger product release to the customer.
Correct Answer
End Consumer
Your Answer
End Consumer

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
Maintain it

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
True

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
In re-order level approach average stock levels stay more or ________ the same and are Less responsive to change in demand.
Correct Answer
Less
Your Answer
Less

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 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

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

Multiple Choice Single Answer
Question
The most relevant measures for capital input is that of :-
Correct Answer
Replacement cost
Your Answer
Re-investment cost

Multiple Choice Multiple Answer
Question
The realignment of processing includes :-
Correct Answer
Order taking , Purchasing , Manufacturing
Your Answer
Order taking , Purchasing , Manufacturing

Select The Blank
Question
The indirect cost increase has the consequent ________ the infrastructure & resources.
Correct Answer
Impacts on
Your Answer
Impacts on

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

True/False
Question
Customer satisfaction through quality must be balanced against environmental impact & strain on the workforce.
Correct Answer
True
Your Answer
True

Select The Blank
Question
A ________ is an unfilled customer order.
Correct Answer
Backorder
Your Answer
Backorder

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
Just in Time means that items move through which system as & when they are needed?
Correct Answer
Production
Your Answer
Production

Multiple Choice Multiple Answer
Question
To forecast the date of death the knowledge of the following is necessary :-
Correct Answer
Life expectancy of Middle age , Medical test data on persons , His Living Style
Your Answer
Life expectancy of Middle age , Medical test data on persons

Select The Blank
Question
The strength of postponement lies in its wide ________ as speed becomes more important capability.
Correct Answer
Applicability
Your Answer
Applicability

Match The Following
Question
Correct Answer
Your Answer
Order Processing
Material Follow-up
Material Processing and Supply
Order Picking
Material Collection
Material Collection
Order Consolidation
Material Follow-up and Collection
Material Follow-up and Collection

True/False
Question
SCM is infact a great big distributed application spanning across several firms.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
The survey of manufacturing and service industries in parts of Europe and its analysis of survey shows that the pattern of respondent's use of measure in overall use and in logistics are :-
Correct Answer
Similar
Your Answer
Different

Multiple Choice Multiple Answer
Question
The modeling approaches are :-
Correct Answer
Network Design , Rough Cut Method , Simulation Based
Your Answer
Network Design , Rough Cut Method , Simulation Based

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

Multiple Choice Single Answer
Question
How many weeks is the lead time between releasing an order to shop floor & producing a finished good?
Correct Answer
2
Your Answer
6

Select The Blank
Question
By being able to postpone the production to the point where ________ is better known, the company can greatly improve its forecasting abilities.
Correct Answer
Demand
Your Answer
Demand

True/False
Question
Lead Time, Order control and Stock levels reduction are the variables in SCM model.
Correct Answer
True
Your Answer
True

Select The Blank
Question
From the output by MRP package for chairs in the example, we are advised to place an order for ________ legs in week 2.
Correct Answer
Overhead
Your Answer
Production cost

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

Multiple Choice Single Answer
Question
According to Van Hoek contribution to Customisation of individual logistics saving supplier can be expanded by :-
Correct Answer
Upstream Integration
Your Answer
Downstream Integration

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
To increase flexibility on production line what will have to be done with setup & change overtimes?
Correct Answer
Decrease
Your Answer
Decrease

Multiple Choice Multiple Answer
Question
The competitive priorities in operations strategy are :-
Correct Answer
Cost , Quality , Time
Your Answer
Quality , Time

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

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

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
Worsens

True/False
Question
Another aspect of Toyoto production system was reduction of setup time.
Correct Answer
True
Your Answer
True

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

True/False
Question
NFW means Net financial assets in the private sector.
Correct Answer
False
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