Supply Chain Management - 27

Supply chain Management

 

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

 

Multiple Choice Multiple Answer

Question Following results are possible only & only if organisation goes for Supply chain Priorities:-

Correct Answer Reduce Inventory Cost , More Revenue , On Time Delivery

Your Answer Reduce Inventory Cost , Cycle Time , On Time Delivery

 

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 Single Answer

Question The supply chain management is compared by " Cooper and Ellram" with :-

Correct Answer Relay Team

Your Answer Relay Team

 

True/False

Question All forecasting methods require complex calculations and therefore are ideally suited to be done by a computer.

Correct Answer False

Your Answer True

 

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

 

Multiple Choice Single Answer

Question Which is the system in which production is demand driven, coordinated with actual customer demand?

Correct Answer Pull Base System

Your Answer Push Base system

 

Select The Blank

Question BOM can have ________ levels.

Correct Answer Many

Your Answer Two

 

Multiple Choice Single Answer

Question Different machines were clustered together to eliminate :

Correct Answer Transportation of item

Your Answer Transportation of item

 

Multiple Choice Single Answer

Question How many levels the supply chain management is divided into ?

Correct Answer Three

Your Answer Three

 

True/False

Question Warehousing & Transportation are not at all related activity in SCM.

Correct Answer False

Your Answer False

 

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 Both the ordering system fixed quantity at variable times and variable quantity at fixed times has implications for :-

Correct Answer Safety stock , Operational responsiveness , Level of risk involved given variable supply

Your Answer Safety stock , Operational responsiveness , Level of risk involved given variable supply

 

Multiple Choice Single Answer

Question The levels at which long term decisions are made is :-

Correct Answer Strategic

Your Answer Tactical

 

Multiple Choice Single Answer

Question The Gap between purchase order creation date and requested delivery date is known as :-

Correct Answer Customer Order promised cycle time

Your Answer Customer Order promised cycle time

 

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 Clustered

 

Multiple Choice Multiple Answer

Question Implementing JIT system is a task that can't be undertaken lightly, it will be expensive in terms of :-

Correct Answer Management & effort , Initial implementation , The continuing effort to run the system

Your Answer Management & effort , Initial implementation , The continuing effort to run the system

 

Multiple Choice Single Answer

Question Outsourcing to 3PL companies to world class standards allow the company to realize their anticipated benefits:-

Correct Answer Immediately

Your Answer Immediately

 

True/False

Question A two bin system is not appropriate with many stock items.

Correct Answer True

Your Answer False

 

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 Technical Aspects of EDI agreement are :-

Correct Answer coding system , The EDI that is to be employed , The Network that is to be used

Your Answer The EDI that is to be employed , The Network that is to be used , coding system

 

Multiple Choice Single Answer

Question The Data required for the IT application in the field of SCM is mainly based on:-

Correct Answer Decision Making

Your Answer Data Structure

 

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 In the supply chain, a team of four player, retailer, distributor, warehouse, factory is require to get involved for the success.

Correct Answer True

Your Answer True

 

True/False

Question BOM is best thought of as divided interval levels.

Correct Answer True

Your Answer True

 

Multiple Choice Single Answer

Question How does aggregate plan created by master production schedule become extremely detailed plan?

Correct Answer MRP translates it

Your Answer MRP translates it

 

Multiple Choice Multiple Answer

Question If we take chair figures from MPS as chair requirement and to meet those requirements, the package will produced a detailed production plan for :-

Correct Answer Seats , Backs , Legs

Your Answer Seats , Backs , Legs

 

Multiple Choice Single Answer

Question Spares stationery, consumable etc. are what type of inventory for the organization?

Correct Answer Common

Your Answer Common

 

Multiple Choice Multiple Answer

Question The category of forecasting are :-

Correct Answer Short Term , Medium Term , Long Term

Your Answer Short Term , Medium Term , Long Term

 

True/False

Question The globalization of supply chain does not change the requirement within supply chain management.

Correct Answer False

Your Answer False

 

Multiple Choice Multiple Answer

Question The treasury equation refers to predict customer spending will look at the factors like :-

Correct Answer Consumer Non Durable Spending , Unemployment Rate , Inflation Index

Your Answer Consumer Non Durable Spending , Unemployment Rate , Inflation Index

 

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

 

Multiple Choice Multiple Answer

Question When conformance is not achieved, what is the role of cycle counting?

Correct Answer To provide for cause , To provide for corrective action , To provide for future action

Your Answer Measure the level of conformance to expectable , To provide for cause , To provide for corrective action

 

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 Low value of short time to market , Low product proliferation , Medium inventory value

 

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 Distribution

 

True/False

Question Logistics covers 90% cost of manufacturing.

Correct Answer False

Your Answer False

 

Multiple Choice Single Answer

Question In any event, we prefer the forecasting method that gives which type of Average squared error?

Correct Answer Lowest

Your Answer Zero

 

Select The Blank

Question The indirect cost increase has the consequent ________ the infrastructure & resources.

Correct Answer Impacts on

Your Answer Effects on

 

Select The Blank

Question World class Logistics study is published in the year ________.

Correct Answer 1995

Your Answer 1996

 

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

 

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 The operational perspective in management of inventory level are :-

Correct Answer Deployment strategies , Setting Safety Stock level , Optimal Level of Order Quantity

Your Answer Setting Safety Stock level , Optimal Level of Order Quantity , Setting of production levels

 

Multiple Choice Single Answer

Question The data content & floors of stock record systems are needed by which methods?

Correct Answer Just in time

Your Answer Just in 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 JIT philosophy has following features :-

Correct Answer Elimination of waste in many forms , Belief that ordering / holding cost can be reduced , Continuous improvement always striving to improve

Your Answer Elimination of waste in many forms , Belief that ordering / holding cost can be reduced , Continuous improvement always striving to improve

 

Select The Blank

Question The strength of postponement lies in its wide ________ as speed becomes more important capability.

Correct Answer Applicability

Your Answer Applicability

 

Select The Blank

Question Japanese logistics performance and its ________ are paramount priorities in their business environment.

Correct Answer Effectiveness

Your Answer Effectiveness

 

Select The Blank

Question Suppliers agree to give customer ________ plans to cope with disruption.

Correct Answer Contingency

Your Answer Contingency