LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Periodic stock checks to count the stock physically enable the store to feed in ________ figures to reconcile physical stock against book stock.
Multiple Choice Single Answer
In both marking stock and order, which cost is incurred?
Inadequate & excess inventory both are revenue losses for a business so as to avoid this, which of the following is required?
TQM & JIT
Backorder means an unfilled customer order.
JIT is a system based on what usage- parts of production system which are linked together?
Multiple Choice Multiple Answer
EDI agreement Legal Aspects covers :-
Internet cyber law , Time that message will be retained , Procedure for settling any dispute
The fire in 1997 forced Toyoto to embark upon review of ________ that were sourced from single supplier.
The box jenkins method requires forecasters to :-
Use their experience , Use their expert judgment , Use their Knowledge
Match The Following
Stock out ratio
Is comparison of % of demand actually satisfied with the defined service
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
Can be used to classify stock groups
In Supply Chain Management, the goal is to be able to replace inventory of :-
Manufacturers , Suppliers , Customers
Manufacturers , Suppliers , Distributors
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 :-
85 in week 1 , 90 in week 3 , 60 in week 4
What is the technique in which, a body of experts are hired to arrive at opinion about the future?
If you use only Transport Kanban in Kanban process then it is known as simple Kanban process.
JIT was initially known as what production system?
Japanese logistics performance and its ________ are paramount priorities in their business environment.
The marketing effort is somewhat restricted by the necessity to sell leftover products following year.
The mechanism by which material and information flows through supply chain, is known as :-
BOMs are structural ________ that changes relatively infrequently.
The consequence of longer lead time will often be :-
Less Dependability , Reduce Production Facility , Higher Levels Of Inventory
The changes to be made in supply chain due to problem of longer lead time is:-
Speed it up , Restructure it , Change co-ordination
Postponement benefits are :-
Increased sales , Lower inventory holding cost , Lower scrap cost
JIT is a suitable production system, when :-
A reasonable number of units made , A product is of high value , Setup time on machine is short
In SCM metrics, customer measurements are :-
Order Fill Rate , Backorder Levels , On Time Delivery
Cycle Time , Order Fill Rate , Backorder Levels
JIT/TQM are the tools for SCM.
Direct cost increase can be caused by product or process redesign.
Kanban was originally developed for which company as a way of managing material flow in the assembly line?
The measures suggested by Balloy have limited application, mainly at the strategic rather that operational level.
For a fixed time re-order cycle system, the time at risk is re-order lead time plus the re-order cycle time.
With respect to Procter & Gamble, only way to success is law of industrial dynamics.
Simple method for Time series forecasting is to take a ________ Average.
The cheapest solution is to simply ________ backorders to built up over the planning period.
Different machines were clustered together to eliminate :
Transportation of item
Movement of workers
There may be a temptation to dismiss the Kaizen concept particularly suited to Japanese mentality.
According to Ducker, Customer focus oriented logistics must be treated as :-
Cost saving Function
It is often important to conduct ________ analysis in MRP.
The basic operators framework ________ that there is a link between capabilities & strategy on one hand & capabilities & resources & infrastructure on the other hand.
The factors likely to generate future business are :-
Integrated Logistics Function , Expertise In Information System
Expertise In Information System , Specialized Logistics Function , Increase in reach to clients
The information Enriched simulation Model is based on :-
Automatic Pipeline Inventory , OBPCS , Traditional Model
The result of all the factors is that there is not a single integrated plan for the :-
The safety stock penalty of fixed re-order cycle methods ________, as stock usage value & demand variability rise.
Suppliers agree to give customer ________ plans to cope with disruption.
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.
For the good result, supply chain require to be very ________.
Realignment of infrastructure includes :-
Production & warehouse premises , Production equipment , Information & IT system
Historically economic techniques/methods tend to have large forecasting errors, for which term?
In management, construction of a strategic framework for productivity and performance analysis is required for :-