Supply Chain Management - 26

	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