True/False
Question NFW means Net financial assets in the private sector.
Correct Answer False
Your Answer False
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 BOMs are structural ________ that changes relatively infrequently.
Correct Answer Information
Your Answer Details
Select The Blank
Question Customer order promised cycle time is gap between the purchase order
creation and ________.
Correct Answer Requested delivery date
Your Answer Goods received
True/False
Question There are no international EDI standards. The user organization require to
develop it for their operation only.
Correct Answer False
Your Answer True
Match The Following
Question Correct Answer Your Answer
Order Processing Material Follow-up Material procurement
Order Picking Material Collection Material Collection
Order Consolidation Material Follow-up and
Collection
Material Follow-up
True/False
Question Orders must be phased out in time so as to ensure that there is no stock out.
Correct Answer True
Your Answer True
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 , Localization
True/False
Question Inventory Turns means turns over per year for inventory procurement.
Correct Answer True
Your Answer True
Match The Following
Question Correct Answer Your Answer
Analytical Solution Is the possibility of using
mathematical methods to
obtain exact information on
question of interest.
Is the tool for understanding
issues of organizational
decision making.
Modeling Is the process by which we try
to gain the understanding of
how the corresponding system
behaves.
Is the possibility of using
mathematical methods to
obtain exact information on
question of interest.
Simulation Is the tool for understanding
issues of organizational
decision making.
Is the process by which we try
to gain the understanding of
how the corresponding system
behaves.
System Is the facility or process of
interest.
Is the tool used test the impact
of strategic level decision have
on supply chain performance.
Select The Blank
Question The Function for EDI software is message tracking and ________.
Correct Answer Audit Trail
Your Answer Audit Trail
Multiple Choice Multiple Answer
Question The realignment of processing includes :-
Correct Answer Order taking , Purchasing , Manufacturing
Your Answer Order taking , Purchasing , Manufacturing , Distribution
True/False
Question The corporations production Kanban is the card which regulates the
suppliers production kanban.
Correct Answer False
Your Answer True
Select The Blank
Question The exponenti________y smoothed moving average takes into account All
of the previous observations.
Correct Answer All
Your Answer Majority
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 Multiple Answer
Question The assumptions in the example of MPS are :-
Correct Answer Two employee hours per job , Initial Number of employee is ten , Initial
Inventory is Zero
Your Answer Two employee hours per job , Initial Number of employee is ten , Initial
Inventory is Zero , Planning Period is 6 weeks
Multiple Choice Single Answer
Question SCM is the management philosophy to deal with integrated material &
information flow, right from raw material to consumption of finished goods but
the focus is given to :-
Correct Answer End User
Your Answer End User
Multiple Choice Single Answer
Question Initially the candidates for outsourcing were companies that needed to
reduce their :-
Correct Answer Assets
Your Answer Non Core Activities
Select The Blank
Question The cheapest solution is to simply ________ backorders to built up over the
planning period.
Correct Answer Allow
Your Answer Disallow
Multiple Choice Multiple Answer
Question The MRP output consists of :-
Correct Answer Scheduled receipt , Projected net required , Planned order Release ,
Projected sales
Your Answer Scheduled receipt , Projected net required , Planned order Release ,
Projected sales
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 To make judgments , Use their experience , Use their expert judgment , Use
their Knowledge
Multiple Choice Multiple Answer
Question What are the major steps in cycle counting?
Correct Answer Cycle counting , Control group cycle counting , Random cycle counting
Your Answer Cycle counting , Control group cycle counting , Random cycle counting ,
Physical inventory
Multiple Choice Single Answer
Question In order to avoid a stock in a specified period, the quantity required to be
ordered is :-
Correct Answer 135
Your Answer 150
Multiple Choice Single Answer
Question Which employees will have to learn to manage shorter deadline along with
order taking employees?
Correct Answer Purchasing
Your Answer Logistics
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 In the customization of highly customized product which step has most
significant impact?
Correct Answer Production
Your Answer Design
Multiple Choice Single Answer
Question In the Stage of Technological Development for IT enabled Supply Chain
following thing is very important :-
Correct Answer MRP-I, MRP-II, ERP
Your Answer MRP-I, MRP-II, ERP
True/False
Question The constant m is called smoothing constant in single exponentially
smoothing.
Correct Answer True
Your Answer True
Select The Blank
Question The retailers undertake Pareto Analysis routinely to ________ turnover of
item.
Correct Answer Compare
Your Answer Predict
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 Direct cost increase can be caused by product or process redesign.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question By arranging raw material deliveries at the start of day for one day's
requirement, JIT has :
Correct Answer Reduced / eliminated inventory
Your Answer Reduced / eliminated inventory
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
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 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 , EDBMS
Multiple Choice Multiple Answer
Question EDIFACT is :-
Correct Answer Standard in Europe in Mid 80's , Accepted by US(ANSI) to supersede X 12 ,
Promoted as world ADI Standard
Your Answer Standard in Europe in Mid 80's , Accepted by US(ANSI) to supersede X 12 ,
Promoted as world ADI Standard , Analog system
Select The Blank
Question The four key figures of logistics strategic environment are competition,
market served, technology and ________ satisfaction
Correct Answer Stake holder's
Your Answer Customer's
True/False
Question Total productivity appears the only relevant productivity measure for decision
making purpose.
Correct Answer True
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 ,
Availability of products
Multiple Choice Single Answer
Question The upper quartile answer of the experts for automatic rapid transport was
widespread by which year?
Correct Answer 1985
Your Answer 1980
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
Multiple Choice Single Answer
Question What adds to service cost in central heating installation company if a filter
has to drive to and obtain a minor part?
Correct Answer Queue at supplier end
Your Answer Delay in getting components
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 , Procurement
Select The Blank
Question It is often important to conduct ________ analysis in MRP.
Correct Answer What-if
Your Answer What-if
Multiple Choice Single Answer
Question What can a company improve by being able to postpone the production in its
existing business?
Correct Answer Performance
Your Answer Profitability
Multiple Choice Multiple Answer
Question In performance scenario, in a simplistic manner provides the continuous total
productivity management cycle of :-
Correct Answer Measurement , Evaluation , Planning
Your Answer Measurement , Evaluation , Planning , Effectiveness
Multiple Choice Multiple Answer
Question In 1990, General Motor had approximately :-
Correct Answer 1770 suppliers , 31 Assemble parts , 30 million metric tonnes per day of
shipment
Your Answer 1770 suppliers , 31 Assemble parts , 30 million metric tonnes per day of
shipment , 10000 parts shipped per day
Showing posts with label Supply Chain Management (Set - II). Show all posts
Showing posts with label Supply Chain Management (Set - II). Show all posts
Friday, October 17, 2008
Sunday, April 13, 2008
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
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
Supply Chain Management - 6
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Single Answer
Question
The advantages of changing from traditional adversarial approach to modern industrial relationship are advocated by :-
Correct Answer
MacBerth and Ferguson
Your Answer
MacBerth and Ferguson
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
Operational responsiveness , Level of risk involved given variable supply
Multiple Choice Single Answer
Question
SCM is the management philosophy to deal with integrated material & information flow, right from raw material to consumption of finished goods but the focus is given to :-
Correct Answer
End User
Your Answer
End User
Multiple Choice Single Answer
Question
Within the newly arranged factory floor, workers were encouraged to be the :-
Correct Answer
Members of team
Your Answer
Members of production team
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
In SCM metrics, customer measurements are :-
Correct Answer
Order Fill Rate , Backorder Levels , On Time Delivery
Your Answer
Order Fill Rate , Backorder Levels , On Time Delivery
Multiple Choice Single Answer
Question
What is Supply Chain?
Correct Answer
Network of Facility & Distribution
Your Answer
Network of Facility & Distribution
Select The Blank
Question
It is often important to conduct ________ analysis in MRP.
Correct Answer
What-if
Your Answer
What-required
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
True/False
Question
General Co-ordination is the integration of different function, i.e. production planning, purchasing, sales and distribution.
Correct Answer
True
Your Answer
True
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
Select The Blank
Question
Indirect cost increases can be caused by changes in the ________ and distribution process.
Correct Answer
Production
Your Answer
Logistics
True/False
Question
Customer satisfaction through quality must be balanced against environmental impact & strain on the workforce.
Correct Answer
True
Your Answer
True
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 , Allocation of Suppliers to plants
True/False
Question
Postponement does guarantee win win situation under all circumstance in spite of cost involved.
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
The term productivity is often ill-defined but basically, it's measurement is that of a prescribed output to the resources :-
Correct Answer
Consumed
Your Answer
Consumed
Multiple Choice Multiple Answer
Question
MRP II package will include following features :-
Correct Answer
Easy what-if analysis , Cost information , Management reports
Your Answer
Cost information , Management reports , Easy what-if analysis
Select The Blank
Question
Improved Quality & Delivery on Time are the benefits associated with CBI/DTI ________ sourcing initiative.
Correct Answer
partnership
Your Answer
partnership
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
Pull Base System
True/False
Question
The Cards Transport Kanban & Production Kanban have to be used simultaneously in a production process.
Correct Answer
False
Your Answer
True
Match The Following
Question
Correct Answer
Your Answer
Planned order release
When we need to release the planned orders having regard to lead time required
What we will need in each period to avoid stock out i.e. the orders that should be placed in order to avoid such stock outs
Projected on hand
What the inventory level will be if we produce according to plan above & demand forecast is correct
When we need to release the planned orders having regard to lead time required
Projected net requirement
What we will need in each period to avoid stock out i.e. the orders that should be placed in order to avoid such stock outs
What we will each period as a receive of purchased orders
Planned order receipt
What we will receive each period as a result of planned orders
What we will receive each period as a result of planned orders
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
Realized
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
Multiple Choice Single Answer
Question
Total cost of Ownership & direct Product Profitability are focused at a particular segment of chain intended to be used for :-
Correct Answer
Chain wide Management
Your Answer
Percentage Wide Management
Select The Blank
Question
________ is activity which is outsourced by most of Indian companies.
Correct Answer
Warehousing
Your Answer
Warehousing
Multiple Choice Single Answer
Question
In both marking stock and order, which cost is incurred?
Correct Answer
Stock acquisition
Your Answer
Logistics
True/False
Question
Inventory Turns means turns over per year for inventory procurement.
Correct Answer
True
Your Answer
True
Match The Following
Question
Correct Answer
Your Answer
Stock out ratio
Is comparison of % of demand actually satisfied with the defined service
Is % probability of stock availability to meet demands
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 comparison of % of demand actually satisfied with the defined service
ABC Analysis
Can be used to classify stock groups
Can be used to classify stock groups
Select The Blank
Question
The third party providers who can ________ the need of transition from their focus on product oriented services to new strategies like long term business partnerships will most likely enjoy long term success.
Correct Answer
Meet
Your Answer
Supply
Select The Blank
Question
One of the ideas behind JIT is to reduce fixed setup cost & variable holding cost to ________ total cost
Correct Answer
Drive down
Your Answer
Keep reducing
True/False
Question
Distribution & Warehousing comes under supply chain measurement.
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
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 improvement
True/False
Question
Another aspect of Toyoto production system was reduction of setup time.
Correct Answer
True
Your Answer
True
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 Multiple Answer
Question
If the demand forecast is accurate then consequently which of the following will be accurate?
Correct Answer
Master Production Schedule , Material Requirement Planning , Production planning
Your Answer
Master Production Schedule , Material Requirement Planning , Production planning
Select The Blank
Question
The 3 PL must overcome some problems about the perception among companies that third parties have________ their job.
Correct Answer
Over promised but under delivered.
Your Answer
Under promised but delivered
Multiple Choice Multiple Answer
Question
In the Japanese concept of total productivity, for output they embrace :-
Correct Answer
Quantity , Quality , Delivery
Your Answer
Quality , Delivery , Facilities
Multiple Choice Single Answer
Question
The MRP II new installation in ICI Agrochemicals had the change in:-
Correct Answer
Inventory records
Your Answer
Inventory records
Select The Blank
Question
The reduced stock holding eliminates ________ of goods.
Correct Answer
Double Handling
Your Answer
Double Handling
Multiple Choice Multiple Answer
Question
The implications of introducing consolidation centre were :-
Correct Answer
How many centers to have? , Location of centres , Size of centres
Your Answer
How many centers to have? , Location of centres , Size of centres
True/False
Question
Logistics covers 90% cost of manufacturing.
Correct Answer
False
Your Answer
True
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 Multiple Answer
Question
The factors likely to generate future business are :-
Correct Answer
Integrated Logistics Function , Expertise In Information System
Your Answer
Integrated Logistics Function , Expertise In Information System , Specialized Logistics Function
Multiple Choice Single Answer
Question
The concept of unfilled customer order as a measurement is known as :-
Correct Answer
A backorder
Your Answer
A backorder
Multiple Choice Single Answer
Question
Almost 50% of Indian industries are using which of the following concepts?
Correct Answer
TQM
Your Answer
CAD/CAM
True/False
Question
Total productivity appears the only relevant productivity measure for decision making purpose.
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
The advantages of changing from traditional adversarial approach to modern industrial relationship are advocated by :-
Correct Answer
MacBerth and Ferguson
Your Answer
MacBerth and Ferguson
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
Operational responsiveness , Level of risk involved given variable supply
Multiple Choice Single Answer
Question
SCM is the management philosophy to deal with integrated material & information flow, right from raw material to consumption of finished goods but the focus is given to :-
Correct Answer
End User
Your Answer
End User
Multiple Choice Single Answer
Question
Within the newly arranged factory floor, workers were encouraged to be the :-
Correct Answer
Members of team
Your Answer
Members of production team
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
In SCM metrics, customer measurements are :-
Correct Answer
Order Fill Rate , Backorder Levels , On Time Delivery
Your Answer
Order Fill Rate , Backorder Levels , On Time Delivery
Multiple Choice Single Answer
Question
What is Supply Chain?
Correct Answer
Network of Facility & Distribution
Your Answer
Network of Facility & Distribution
Select The Blank
Question
It is often important to conduct ________ analysis in MRP.
Correct Answer
What-if
Your Answer
What-required
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
True/False
Question
General Co-ordination is the integration of different function, i.e. production planning, purchasing, sales and distribution.
Correct Answer
True
Your Answer
True
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
Select The Blank
Question
Indirect cost increases can be caused by changes in the ________ and distribution process.
Correct Answer
Production
Your Answer
Logistics
True/False
Question
Customer satisfaction through quality must be balanced against environmental impact & strain on the workforce.
Correct Answer
True
Your Answer
True
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 , Allocation of Suppliers to plants
True/False
Question
Postponement does guarantee win win situation under all circumstance in spite of cost involved.
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
The term productivity is often ill-defined but basically, it's measurement is that of a prescribed output to the resources :-
Correct Answer
Consumed
Your Answer
Consumed
Multiple Choice Multiple Answer
Question
MRP II package will include following features :-
Correct Answer
Easy what-if analysis , Cost information , Management reports
Your Answer
Cost information , Management reports , Easy what-if analysis
Select The Blank
Question
Improved Quality & Delivery on Time are the benefits associated with CBI/DTI ________ sourcing initiative.
Correct Answer
partnership
Your Answer
partnership
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
Pull Base System
True/False
Question
The Cards Transport Kanban & Production Kanban have to be used simultaneously in a production process.
Correct Answer
False
Your Answer
True
Match The Following
Question
Correct Answer
Your Answer
Planned order release
When we need to release the planned orders having regard to lead time required
What we will need in each period to avoid stock out i.e. the orders that should be placed in order to avoid such stock outs
Projected on hand
What the inventory level will be if we produce according to plan above & demand forecast is correct
When we need to release the planned orders having regard to lead time required
Projected net requirement
What we will need in each period to avoid stock out i.e. the orders that should be placed in order to avoid such stock outs
What we will each period as a receive of purchased orders
Planned order receipt
What we will receive each period as a result of planned orders
What we will receive each period as a result of planned orders
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
Realized
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
Multiple Choice Single Answer
Question
Total cost of Ownership & direct Product Profitability are focused at a particular segment of chain intended to be used for :-
Correct Answer
Chain wide Management
Your Answer
Percentage Wide Management
Select The Blank
Question
________ is activity which is outsourced by most of Indian companies.
Correct Answer
Warehousing
Your Answer
Warehousing
Multiple Choice Single Answer
Question
In both marking stock and order, which cost is incurred?
Correct Answer
Stock acquisition
Your Answer
Logistics
True/False
Question
Inventory Turns means turns over per year for inventory procurement.
Correct Answer
True
Your Answer
True
Match The Following
Question
Correct Answer
Your Answer
Stock out ratio
Is comparison of % of demand actually satisfied with the defined service
Is % probability of stock availability to meet demands
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 comparison of % of demand actually satisfied with the defined service
ABC Analysis
Can be used to classify stock groups
Can be used to classify stock groups
Select The Blank
Question
The third party providers who can ________ the need of transition from their focus on product oriented services to new strategies like long term business partnerships will most likely enjoy long term success.
Correct Answer
Meet
Your Answer
Supply
Select The Blank
Question
One of the ideas behind JIT is to reduce fixed setup cost & variable holding cost to ________ total cost
Correct Answer
Drive down
Your Answer
Keep reducing
True/False
Question
Distribution & Warehousing comes under supply chain measurement.
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
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 improvement
True/False
Question
Another aspect of Toyoto production system was reduction of setup time.
Correct Answer
True
Your Answer
True
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 Multiple Answer
Question
If the demand forecast is accurate then consequently which of the following will be accurate?
Correct Answer
Master Production Schedule , Material Requirement Planning , Production planning
Your Answer
Master Production Schedule , Material Requirement Planning , Production planning
Select The Blank
Question
The 3 PL must overcome some problems about the perception among companies that third parties have________ their job.
Correct Answer
Over promised but under delivered.
Your Answer
Under promised but delivered
Multiple Choice Multiple Answer
Question
In the Japanese concept of total productivity, for output they embrace :-
Correct Answer
Quantity , Quality , Delivery
Your Answer
Quality , Delivery , Facilities
Multiple Choice Single Answer
Question
The MRP II new installation in ICI Agrochemicals had the change in:-
Correct Answer
Inventory records
Your Answer
Inventory records
Select The Blank
Question
The reduced stock holding eliminates ________ of goods.
Correct Answer
Double Handling
Your Answer
Double Handling
Multiple Choice Multiple Answer
Question
The implications of introducing consolidation centre were :-
Correct Answer
How many centers to have? , Location of centres , Size of centres
Your Answer
How many centers to have? , Location of centres , Size of centres
True/False
Question
Logistics covers 90% cost of manufacturing.
Correct Answer
False
Your Answer
True
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 Multiple Answer
Question
The factors likely to generate future business are :-
Correct Answer
Integrated Logistics Function , Expertise In Information System
Your Answer
Integrated Logistics Function , Expertise In Information System , Specialized Logistics Function
Multiple Choice Single Answer
Question
The concept of unfilled customer order as a measurement is known as :-
Correct Answer
A backorder
Your Answer
A backorder
Multiple Choice Single Answer
Question
Almost 50% of Indian industries are using which of the following concepts?
Correct Answer
TQM
Your Answer
CAD/CAM
True/False
Question
Total productivity appears the only relevant productivity measure for decision making purpose.
Correct Answer
True
Your Answer
True
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