Supply Chain Management - 28

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

 

Multiple Choice Single Answer

Question The starting point for any logistics, strategy must be through understanding of the requirement of :-

Correct Answer Customer

Your Answer Production

 

Multiple Choice Single Answer

Question Almost 50% of Indian industries are using which of the following concepts?

Correct Answer TQM

Your Answer ERP

 

Multiple Choice Multiple Answer

Question JIT is :-

Correct Answer Top Down system , Centrally organized , Imposed production system

Your Answer Top Down system , Centrally organized , Implement procurement system

 

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 Cycle Time , On Time Delivery , Reduce Inventory Cost

 

Multiple Choice Multiple Answer

Question Products, with highly unpredictable levels of demand, high criticality, must hold high levels of stock and thereby allowing safety margins for :-

Correct Answer Delivery , Lead time , Demand Fluctuation

Your Answer Delivery , Lead time , Demand Fluctuation

 

Multiple Choice Single Answer

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

Correct Answer Strategic

Your Answer Strategic

 

True/False

Question In SCM concept, there is no requirement of comparing factory responses to market place set up input.

Correct Answer False

Your Answer True

 

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 Multiple Answer

Question Most computer peripheral manufacturers have built one plant for major market places like:-

Correct Answer America , Asia , Europe

Your Answer America , Asia , Europe

 

Select The Blank

Question The primary purpose of inventory is to ________ against any uncertainty that might exist in supply chain.

Correct Answer Buffer

Your Answer Buffer

 

Match The Following

Question Correct Answer Your Answer

Outgoing inventory Is predicted or expected

sales

Is the amount of inventory

on hand at end of planning

period

Gross Requirement The forecast demand for

the item

Is predicted or expected

sales

Scheduled Receipt Any scheduled receipt

from previous orders that

are currently being

processed

Any scheduled receipt from

previous orders that are

currently being processed

On hand inventory Is the amount of inventory

on hand at start of

planning period

Is the amount of inventory

on hand at start of planning

period

 

True/False

Question JIT/TQM are the tools for SCM.

Correct Answer True

Your Answer True

 

True/False

Question In industries where it is particularly difficult to match supply can benefit the most from implementing a postpone system.

Correct Answer True

Your Answer True

 

True/False

Question Postponement does guarantee win win situation under all circumstance in spite of cost involved.

Correct Answer True

Your Answer True

 

True/False

Question Backorder means an unfilled customer order.

Correct Answer True

Your Answer True

 

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

 

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 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

 

Match The Following

Question Correct Answer Your Answer

Modeling approaches are methods Which facilitate concise review & at the same time attempt to accommodate the above polarity.

For the most part give normative models for more strategic decisions.

Rough cut methods give guiding policies For the operation decisions.

Give guiding policies for strategic decisions.

Network design methods For the most part give normative models for more strategic decisions.

For the operation decisions.

Simulation is the method by which A comprehensive supply chain model can be analyzed.

Give normative models for more operator decisions.

 

Multiple Choice Single Answer

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

Correct Answer Three

Your Answer Three

 

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 Fifth

 

Select The Blank

Question The integration will make each unit of organization understand how the action will impact other parts of & enabling it to choose alternative that ________ the organization goal.

Correct Answer Optimize

Your Answer Satisfy

 

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

 

Select The Blank

Question BOMs are structural ________ that changes relatively infrequently.

Correct Answer Information

Your Answer Items

 

Select The Blank

Question The models that describe operational decisions are often very ________ in nature.

Correct Answer Specific

Your Answer Specific

 

Multiple Choice Single Answer

Question What is Supply Chain?

Correct Answer Network of Facility & Distribution

Your Answer Network of Intermediate and Finished products

 

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 Paper or computer records require time to check ________ against recorder level.

Correct Answer Stock

Your Answer Inventory

 

Multiple Choice Single Answer

Question The location decision in supply chain entities are concerned with:-

Correct Answer Plants

Your Answer Inventories

 

Multiple Choice Single Answer

Question An example of multiple equation method given in an economic model is the treasury model of which economy?

Correct Answer UK

Your Answer US

 

Select The Blank

Question The recent development within information technology and

software Engineering gives ________ opportunity for Integration and Co-ordination.

Correct Answer Unprecedented

Your Answer Unbelievable

 

Multiple Choice Single Answer

Question Order cost is derived from the number of order placed multiplied by the cost of:-

Correct Answer Placing an order

Your Answer Placing an order

 

Multiple Choice Single Answer

Question In master production schedule, the aim of any organization is to have fixed period as possible to have market driven :-

Correct Answer Production

Your Answer Production

 

Multiple Choice Multiple Answer

Question While making back order as zero, the default data considered are :-

Correct Answer Full Regular Time capacity , No over time Planning , No Subcontracting

Your Answer Full Regular Time capacity , No Subcontracting , No Machine Addition.

 

Select The Blank

Question As compared to minimal cost strategy the level strategy is

________.

Correct Answer Cheaper

Your Answer Cheaper

 

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

Correct Answer True

Your Answer True

 

Select The Blank

Question The overtime cost per hour is ________ in minimal cost strategy.

Correct Answer £ 25

Your Answer £ 25

 

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 , Monthly demand

 

True/False

Question The key point about structural information is that it changes

relatively infrequently.

Correct Answer True

Your Answer True

 

Select The Blank

Question Kanban is not a magic bullet, it is rather an organizational shift towards ________ of responsibility.

Correct Answer Decentralization

Your Answer Delegation

 

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

 

Select The Blank

Question According to Ducker, Customer focus oriented logistics must be treated as ________.

Correct Answer Cost saving centre

Your Answer Cost saving centre

 

True/False

Question JIT need to be applied to all stages of process.

Correct Answer True

Your Answer True

 

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 Multiple Answer

Question The data entered for the problem scenario are :-

Correct Answer Planning Resources Name , Capacity Unit of Planning Resourcing , Capacity Requirement per Product

Your Answer Capacity Unit of Planning Resourcing , Capacity Requirement per Product , Total Number of Planning Resources

 

Select The Blank

Question Improved Quality & Delivery on Time are the benefits associated with CBI/DTI ________ sourcing initiative.

Correct Answer partnership

Your Answer partnership

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