Monday, September 21, 2009

Supply Chain Management - 24

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

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 Raw Materials

Multiple Choice Single Answer
Question The cycle time measured from the firm plan order until final
production is reported, is known as :-
Correct Answer Manufacturing Cycle Time
Your Answer Manufacturing Cycle Time

Select The Blank
Question The geographic placement of production facility, stocking
points & sourcing is the ________ step in creating supply
chain.
Correct Answer First
Your Answer First

True/False
Question Regardless of how inventory movement is accounted for, it
must be done correctly if accurate inventory records are to be
achieved.
Correct Answer True
Your Answer True

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 SCM key metrics should be closely aligned to the
company's strategic objectives. In this measurements usually
covers :-
Correct Answer Internal Business , Training , Customer
Your Answer Internal Business , Training , Customer

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

True/False
Question JIT need to be applied to all stages of process.
Correct Answer True
Your Answer True

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 Mostly

Select The Blank
Question The multi plant co-ordination is to coordinate the ________
plans of several plants.
Correct Answer Production
Your Answer Distribution

Select The Blank
Question The real benefits of Kanban will not be ________ until the
auto-industry moves into a mixed production.
Correct Answer Realized
Your Answer Utilized

True/False
Question Defects per million opportunities(DPMO) is concept of Four
Sigma.
Correct Answer False
Your Answer True

True/False
Question The economic order quantity is the order quantity that
minimizes total cost.
Correct Answer True
Your Answer True

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 Time that message will be retained , Procedure for settling
any dispute , Legal Jurisdiction for settling dispute

True/False
Question There may be a temptation to dismiss the Kaizen concept
particularly suited to Japanese mentality.
Correct Answer True
Your Answer True

Match The Following
Question Correct Answer Your Answer
Product Champion Andraski Poul Jonh
Pull & Push concept
discussion
Hoeskstra & Romme Andraski
Simulation Model Sterman Glazer
Player concept Forrester(1960) Forrester(1960)

Multiple Choice Single Answer
Question How many levels the supply chain management is divided
into ?
Correct Answer Three
Your Answer Four

True/False
Question If the supply chain do not track uncertainties than it leads to
non optimal stocking levels.
Correct Answer True
Your Answer True

Select The Blank
Question The enrichment mechanism is an ________ point of sales
link.
Correct Answer Electronic
Your Answer Critical

Multiple Choice Single Answer
Question The levels at which long term decisions are made is :-
Correct Answer Strategic
Your Answer Management

Match The Following
Question Correct Answer Your Answer
Other Unit production
cost
The cost of production of
one unit of the product
that is not accounted in
employee cost.
The cost of holding one
unit in stock at the end of
each Month.
Hiring cost The cost of hiring an
employee.
The cost of hiring an
employee.
Unit inventory holding
cost
The cost of holding one
unit in stock at the end of
each period.
The cost of production of
one unit of the product
that is not accounted in
employee cost.
Unit subcontracting cost The cost of each unit
bought from external
source.
The cost of holding one
unit procured from
external source at the end
of each period.

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 Marketing, Distribution, planning and Manufacturing along the
supply chain operate :-
Correct Answer Independently
Your Answer Independently

Multiple Choice Single Answer
Question The supply chain management is compared by " Cooper and
Ellram" with :-
Correct Answer Relay Team
Your Answer Long Distance Runner

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 , Minimum level
of quality to satisfy customers

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 The minimum number of products unit in stock at the end of
each week corresponds to what type of stock in the case of
unforeseen demand?
Correct Answer Safety
Your Answer Safety

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 To provide an adequate support what will be need to do with
information system?
Correct Answer Major overhaul
Your Answer Major overhaul

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 , Customer Service

Select The Blank
Question Paper or computer records require time to check ________
against recorder level.
Correct Answer Stock
Your Answer Availability

Multiple Choice Multiple Answer
Question The strategic decision in supply chain includes :-
Correct Answer What products to produce , Which plants to produce them ,
Allocation of Suppliers to plants
Your Answer What products to produce , Which plants to produce them ,
What products to sell

Multiple Choice Single Answer
Question Spares stationery, consumable etc. are what type of
inventory for the organization?
Correct Answer Common
Your Answer Common

Select The Blank
Question One of the factors behind Japanese success story as
geographic proximity and that suppliers are often ________
around the major customers.
Correct Answer Clustered
Your Answer Scattered

Multiple Choice Multiple Answer
Question Companies that would obviously gain very little from
postponement, experiences a radically different picture in
their business like :-
Correct Answer Demand with little or no uncertainty , Low value of short
time
to market , Low product proliferation
Your Answer Demand with little or no uncertainty , Low value of short time
to market , Low product proliferation

Multiple Choice Single Answer
Question What is the advantage of IT for monitoring the supply chain
performance?
Correct Answer Statistics is generated
Your Answer Statistics is generated

Select The Blank
Question The hiring cost of one employee is ________ in minimal cost
strategy.
Correct Answer £ 500
Your Answer £ 475

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 FMCG

True/False
Question Distribution & Warehousing comes under supply chain
measurement.
Correct Answer True
Your Answer True

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

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 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

Multiple Choice Single Answer
Question It is the requirement of Enriched supply chain players to cope
up with :-
Correct Answer Rapidly changing order rates
Your Answer Inventory control

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 Supply Chain Management

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

Multiple Choice Single Answer
Question Holding costs are expressed as a % of stock values. What is
the percentage?
Correct Answer 15% - 30%
Your Answer 20% - 30%

True/False
Question The measures suggested by Balloy have limited application,
mainly at the strategic rather that operational level.
Correct Answer False
Your Answer True

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