Supply Chain Management - A1

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
Logistics

Multiple Choice Single Answer
Question
In the world class logistics study (Published in 1995) there is requirement of :-
Correct Answer
New SCM approach
Your Answer
New SCM approach

Multiple Choice Single Answer
Question
An improvement in factory order rate & Factory stock level Behavioral pattern shows dynamic response to :-
Correct Answer
Simulation Model
Your Answer
APIOBPCS

Select The Blank
Question
EOQ is very sensitive to error as long as the magnitude of cost / demand data is ________ accurate.
Correct Answer
Reasonably
Your Answer
Reasonably

True/False
Question
Orders arrive in one batch with a known lead time arriving just as stock is exhausted.
Correct Answer
True
Your Answer
True

True/False
Question
To reconcile JIT and EOQ, we don’t take fixed setup cost and / or variable holding cost as fixed but seek to reduce them.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Total annual cost is the function that we want to ________ by choosing an appropriate value of quantity.
Correct Answer
Minimise
Your Answer
Minimise

True/False
Question
There may be a temptation to dismiss the Kaizen concept particularly suited to Japanese mentality.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The media for EDI communication are :-
Correct Answer
LAN , Magnetic Tape/ Internet , Direct Data communication Link
Your Answer
Magnetic Tape/ Internet , Direct Data communication Link , VAN

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

Select The Blank
Question
Supply chains consist of ________ of companies.
Correct Answer
Multiple Layers
Your Answer
Multiple Layers

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

True/False
Question
EDI helps in Performance Improvement.
Correct Answer
True
Your Answer
True

True/False
Question
Logistics must be treated as cost saving function.
Correct Answer
True
Your Answer
False

Select The Blank
Question
The retailers undertake Pareto Analysis routinely to ________ turnover of item.
Correct Answer
Compare
Your Answer
Calculate

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

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
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

Select The Blank
Question
The realistic ________ demonstrate the benefits of a holistic view of supply chain information flow.
Correct Answer
Simulation Model
Your Answer
Simulation Model

Multiple Choice Single Answer
Question
The Central idea in supply chain is to focus on :-
Correct Answer
Key Metrics
Your Answer
Key Metrics

Multiple Choice Single Answer
Question
Which network between companies making different ingredients to many products can be charted?
Correct Answer
Supply network
Your Answer
Supply network

Multiple Choice Multiple Answer
Question
Risk a stock out can be faced because of :-
Correct Answer
Delay in resupply , Higher than anticipated usage , Unpredictable demand
Your Answer
Delay in resupply , Higher than anticipated usage , Unpredictable demand

Multiple Choice Single Answer
Question
The decision to hire 3PL services appears to originate from :-
Correct Answer
Top Management
Your Answer
Top Management

Select The Blank
Question
The purpose of the analysis is to discern some relationship between Y1 values observed so far in order to ________ us to forecast future values of Y1.
Correct Answer
Enable
Your Answer
Enable

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

True/False
Question
The enriching the order decisions with market place information enables the factory to be much more responsive, since less supply chain Filtering is taking place.
Correct Answer
True
Your Answer
True

True/False
Question
Logistics must be treated as cost saving function.
Correct Answer
True
Your Answer
False

True/False
Question
JIT need to be applied to all stages of process.
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
Logistics

Multiple Choice Multiple Answer
Question
Following are some of the tools for Supply Chain Measurement :-
Correct Answer
Supply Chain cycle Time , Inventory Replenishment Cycle Time , Cash to cash cycle time
Your Answer
Cash to cash cycle time , Supply Chain cycle Time , Inventory Replenishment Cycle Time

Match The Following
Question
Correct Answer
Your Answer
Capacity Utilization
This is the measure related to a maximum of an organizations ability to provide demanded goods & service in the amount requested
It relates with the ability to perform the promised services with dependability and accuracy
Reliability
It relates with the ability to perform the promised services with dependability and accuracy
It relates to willingness to help customer and provide prompt service
Quality of operation
This relates to customer requirement & needs being consistently satisfied
This is the measure related to a maximum of an organizations ability to provide demanded goods & service in the amount requested
Speed of operation
This is efficient use of time from order to delivery
This is related to production requirement and needs to be consistently satisfied

Select The Blank
Question
Simple method for Time series forecasting is to take a ________ Average.
Correct Answer
Moving
Your Answer
Moving

Multiple Choice Multiple Answer
Question
Which of the following are the modes of transport?
Correct Answer
Rail , Ocean , Air
Your Answer
Rail , Ocean , Air

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

Multiple Choice Multiple Answer
Question
In SCM metrics, Training means :-
Correct Answer
Inhouse training , APICS Membership , Certification Training
Your Answer
Inhouse training , APICS Membership , Certification Training

Multiple Choice Single Answer
Question
In the field of IT enabled Supply Chain, "TPS" means:-
Correct Answer
Transaction Processing system
Your Answer
Transaction Processing system

Multiple Choice Single Answer
Question
By delaying expensive operations & the point of product differentiation, enables company to maintain what portion of its inventories in cheaper form?
Correct Answer
Bulk
Your Answer
Bulk

Multiple Choice Multiple Answer
Question
Fixed quantity systems :-
Correct Answer
Can cope well with demand variability , Facilitate lower stocks , Orders can not be consolidated to secure supplier discounts
Your Answer
Are easy to manage , Can cope well with demand variability , Facilitate lower stocks

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

Multiple Choice Single Answer
Question
In the current business scenario Indian organisations require to improve customer service to become perfect in :-
Correct Answer
Customer centric process
Your Answer
Customer centric process

Multiple Choice Multiple Answer
Question
Which are the SMART goals?
Correct Answer
Specific , Measurable , Attainable
Your Answer
Specific , Measurable , Attainable

Match The Following
Question
Correct Answer
Your Answer
Seamless SCM
Towill
Burbidge
Value of Information
Glazer
Towill
Filtering
Del-Vecchio
Van Amstel
Industrial dynamics
Burbidge
Del-Vecchio

Select The Blank
Question
BOMs are structural ________ that changes relatively infrequently.
Correct Answer
Information
Your Answer
Information

Multiple Choice Single Answer
Question
Hiring cost per employee is:-
Correct Answer
Hiring cost
Your Answer
Hiring cost

Multiple Choice Single Answer
Question
The supply chain management is compared by " Cooper and Ellram" with :-
Correct Answer
Relay Team
Your Answer
Relay Team

Select The Blank
Question
ODETTE an EDI Format is developed & used by ________motor Industry.
Correct Answer
European
Your Answer
European

Multiple Choice Multiple Answer
Question
The advantages of changing from traditional adversarial approach to modern industrial relationship are advocated by :-
Correct Answer
MacBerth , Fergusson , Towill & Naim
Your Answer
MacBerth , Fergusson
at 12:30 AM 0 comments Links to this post
Labels: Supply Chain Management
Supply Chain Management - 4
LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank
Question
Exponential smoothing can be viewed as forecast continually________ by the forecast error just made.
Correct Answer
Updated
Your Answer
Updated

True/False
Question
The constraints in multiple equation methods will probably be different for different groups.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The location decision in supply chain entities are concerned with:-
Correct Answer
Plants
Your Answer
Plants

True/False
Question
Postponement does guarantee win win situation under all circumstance in spite of cost involved.
Correct Answer
True
Your Answer
False

True/False
Question
The estimate is that the 3 PL industry will quadruple its size in next five years.
Correct Answer
False
Your Answer
True

True/False
Question
The impact of indirect cost increase is sometimes not limited to company implementing postponement, but affects the other players in the supply chain.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The co-ordination between various players in the supply chain is the key for the effective :-
Correct Answer
Management
Your Answer
Management

Select The Blank
Question
We have criteria for ________ forecasts, however generalized they are.
Correct Answer
Distinguishing
Your Answer
Comparing

Multiple Choice Single Answer
Question
To achieve standardization & customization at the same time, what will have to be done with products?
Correct Answer
Develop new products with robust design
Your Answer
Improve regular product with better design

Multiple Choice Single Answer
Question
Which of the following has great impact on current business performance with respect to SCM?
Correct Answer
Right Customer
Your Answer
New Technology

Multiple Choice Single Answer
Question
How many levels the supply chain management is divided into ?
Correct Answer
Three
Your Answer
Three

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

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

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

Multiple Choice Multiple Answer
Question
JIT is :-
Correct Answer
Top Down system , Centrally organized , Imposed production system
Your Answer
Centrally organized , Imposed production system , Implement procurement system

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 possibility of using mathematical methods to obtain exact information on question of interest.
Modeling
Is the process by which we try to gain the understanding of how the corresponding system behaves.
Is used to evaluate the impact of information sharing and Co-Ordination.
Simulation
Is the tool for understanding issues of organizational decision making.
Is the tool for understanding issues of organizational decision making.
System
Is the facility or process of interest.
Is the facility or process of interest.

True/False
Question
In practice, the data items for MPS will have normally same value in each week.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
Fixed quantity systems :-
Correct Answer
Can cope well with demand variability , Facilitate lower stocks , Orders can not be consolidated to secure supplier discounts
Your Answer
Are easy to manage , Can cope well with demand variability , Facilitate lower stocks

Select The Blank
Question
The mode choice aspect of transport decisions are more ________ ones, as they are closely linked with inventory decision.
Correct Answer
Strategic
Your Answer
Strategic

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

Multiple Choice Multiple Answer
Question
What are the prerequisites for change while Switching over to SCM?
Correct Answer
Shared Vision , Capacity for Change , Pressure For the Change
Your Answer
Pressure For the Change , Capacity for Change , Outbound Training

True/False
Question
Total productivity can be expressed as the overall measure of economic effectiveness.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
The key in effective management of the firms transport strategy is :-
Correct Answer
Shipment Size , Routing , Scheduling of Equipment
Your Answer
Shipment Size , Routing , Scheduling of Equipment

Multiple Choice Single Answer
Question
Whose brilliance & strength of productivity management is to provide themselves being one step ahead?
Correct Answer
Japanese
Your Answer
Japanese

Multiple Choice Multiple Answer
Question
Japan management related elements of Kanban are methods in which following techniques are included & interlinked :-
Correct Answer
Teamwork , Quality circle , Continual development
Your Answer
Teamwork , Quality circle , Continual development

Match The Following
Question
Correct Answer
Your Answer
MSE
Mean Square Error
Mean Square Error
MSD
Mean Absolute deviation
Mean Absolute deviation
CFE
Cumulative forecast error
Cumulative forecast error
MAPE
Mean Absolute Error
Mean Average Percent error.

Select The Blank
Question
The reduced stock holding eliminates ________ of goods.
Correct Answer
Double Handling
Your Answer
Double Handling

Multiple Choice Single Answer
Question
What was introduced by Toyoto to have a method of controlling production in new environment?
Correct Answer
Kanban
Your Answer
JIT

Multiple Choice Multiple Answer
Question
The benefit of MRP is that the process is automated, hence it :-
Correct Answer
Is quicker , Is less error prone , Can easily take other items that go to make final assembly
Your Answer
Is quicker , Is less error prone , Can easily take other items that go to make final assembly

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
For total productivity, the Japanese concentrate on the indicators of various elements rather than measuring the output input ratio.
Correct Answer
True
Your Answer
True

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
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
Revised

Select The Blank
Question
BOM can have ________ levels.
Correct Answer
Many
Your Answer
Many

Multiple Choice Single Answer
Question
If the cash flow of organization is affected then it means that forecasts are :-
Correct Answer
Inaccurate
Your Answer
Inaccurate

True/False
Question
The corporations production Kanban is the card which regulates the suppliers production kanban.
Correct Answer
False
Your Answer
True

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

Select The Blank
Question
Total annual cost is the function that we want to ________ by choosing an appropriate value of quantity.
Correct Answer
Minimise
Your Answer
Keep on reducing

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 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
TQM & JIT

Select The Blank
Question
Kanban process ________ focuses on the human factors of production.
Correct Answer
Indirectly
Your Answer
Indirectly

True/False
Question
The globalization of supply chain does not change the requirement within supply chain management.
Correct Answer
False
Your Answer
True

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
Components

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

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 Single Answer
Question
The demand for one stop shopping has encouraged some of the large companies to set up their own :-
Correct Answer
Logistics Companies
Your Answer
Warehousing Companies

Multiple Choice Single Answer
Question
The third party logistics companies' capabilities are the result of extensive investment in :-
Correct Answer
Technology
Your Answer
Technology
at 12:26 AM 0 comments Links to this post
Labels: Supply Chain Management
Supply Chain Management - 3
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
at 12:25 AM 0 comments Links to this post
Labels: Supply Chain Management
Supply Chain Management - 2
LIST OF ATTEMPTED QUESTIONS AND ANSWERS



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

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

Select The Blank
Question
BOMs are structural ________ that changes relatively infrequently.
Correct Answer
Information
Your Answer
Information

True/False
Question
The key to integration is co-ordination.
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 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 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 Multiple Answer
Question
The competitive priorities in operations strategy are :-
Correct Answer
Cost , Quality , Time
Your Answer
Cost , Quality , Time

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

True/False
Question
In an ideal world we would like a forecasting method for which all errors are near zero.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
The realignment of processing includes :-
Correct Answer
Order taking , Purchasing , Manufacturing
Your Answer
Order taking , Purchasing , Manufacturing

Multiple Choice Single Answer
Question
The co-ordination between various players in the supply chain is the key for the effective :-
Correct Answer
Management
Your Answer
Management

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

Multiple Choice Multiple Answer
Question
Which of the following are the modes of transport?
Correct Answer
Rail , Ocean , Air
Your Answer
Air , Rail , Ocean

True/False
Question
JIT need to be applied to all stages of process.
Correct Answer
True
Your Answer
True

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

True/False
Question
Distribution & Warehousing comes under supply chain measurement.
Correct Answer
True
Your Answer
True

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
Simple method for Time series forecasting is to take a ________ Average.
Correct Answer
Moving
Your Answer
Moving

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

Select The Blank
Question
The Function for EDI software is message tracking and ________.
Correct Answer
Audit Trail
Your Answer
Audit Trail

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
Sales

Select The Blank
Question
If demand is known & steady, then ________ inventory can be estimated.
Correct Answer
Average
Your Answer
Total

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

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
While still maintaining high service level, the objective of supply chain manager for inventory is to :-
Correct Answer
Decrease it
Your Answer
Decrease it

Multiple Choice Single Answer
Question
What is Supply Chain?
Correct Answer
Network of Facility & Distribution
Your Answer
Network of Facility & Distribution

Multiple Choice Single Answer
Question
The third party logistics companies' capabilities are the result of extensive investment in :-
Correct Answer
Technology
Your Answer
Technology

Select The Blank
Question
Kanban is not a magic bullet, it is rather an organizational shift towards ________ of responsibility.
Correct Answer
Decentralization
Your Answer
Decentralization

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
The cheapest solution is to simply ________ backorders to built up over the planning period.
Correct Answer
Allow
Your Answer
Disallow

True/False
Question
EDI helps in Performance Improvement.
Correct Answer
True
Your Answer
True

Select The Blank
Question
Market sales data is the ________ for the whole supply chain.
Correct Answer
Information catalyst
Your Answer
Information catalyst

Multiple Choice Single Answer
Question
In the supply chain , Material flows :-
Correct Answer
Downstream
Your Answer
Downstream

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

Multiple Choice Single Answer
Question
By delaying expensive operations & the point of product differentiation, enables company to maintain what portion of its inventories in cheaper form?
Correct Answer
Bulk
Your Answer
Bulk

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
135

Select The Blank
Question
The realistic ________ demonstrate the benefits of a holistic view of supply chain information flow.
Correct Answer
Simulation Model
Your Answer
Simulation Model

Multiple Choice Single Answer
Question
The calculations of forecasting methods are :-
Correct Answer
Tedious
Your Answer
Tedious

Multiple Choice Multiple Answer
Question
The media for EDI communication are :-
Correct Answer
LAN , Magnetic Tape/ Internet , Direct Data communication Link
Your Answer
LAN , Magnetic Tape/ Internet , Direct Data communication Link

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

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

True/False
Question
The constant m is called smoothing constant in single exponentially smoothing.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
Linear Programming is generalized way of what type of modeling decision?
Correct Answer
Problem
Your Answer
Strategy

True/False
Question
The simulation model can not be related to the beer game heuristics described by Sterman.
Correct Answer
False
Your Answer
False

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
False

True/False
Question
Entities in a supply chain may belong to different organization within different companies.
Correct Answer
False
Your Answer
True

Select The Blank
Question
Most real world systems are too complex to allow realistic models to be ________ analytically.
Correct Answer
Evaluated
Your Answer
Tried
at 12:23 AM 0 comments Links to this post
Labels: Supply Chain Management
Supply Chain Management - 1
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question
The mode choice aspect of transport decisions are more ________ ones, as they are closely linked with inventory decision.
Correct Answer
Strategic
Your Answer
Strategic

Select The Blank
Question
Exponential smoothing can be viewed as forecast continually________ by the forecast error just made.
Correct Answer
Updated
Your Answer
Updated

True/False
Question
In practice, the data items for MPS will have normally same value in each week.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
Question
The location decision in supply chain entities are concerned with:-
Correct Answer
Plants
Your Answer
Plants

Select The Blank
Question
Kanban process ________ focuses on the human factors of production.
Correct Answer
Indirectly
Your Answer
Indirectly

Select The Blank
Question
ODETTE an EDI Format is developed & used by ________motor Industry.
Correct Answer
European
Your Answer
European

Multiple Choice Single Answer
Question
The number of weeks taken for ordering material at beginning till the finished products reach customer in the apperal industry as per Flaherty report is:-
Correct Answer
58.5 weeks
Your Answer
58.5 weeks

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
Unlimited

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
The demand for one stop shopping has encouraged some of the large companies to set up their own :-
Correct Answer
Logistics Companies
Your Answer
Logistics Companies

Multiple Choice Multiple Answer
Question
The various basic logistics productivity ratios can be used to control elements such as :-
Correct Answer
Transportation , Customer Service , Warehousing
Your Answer
Warehousing , Transportation , Customer Service

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

True/False
Question
NFW means Net financial assets in the private sector.
Correct Answer
False
Your Answer
False

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
Drive down

True/False
Question
The visual record process is only a sub-process in Japanese Kanban Management system.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Which are the things that organisation must review for the Strategic Outsourcing?
Correct Answer
Present Status , Environment , Internal structures
Your Answer
Present Status , Environment , Internal structures

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
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
Logistics

Multiple Choice Multiple Answer
Question
The advantages of Kanban system are :-
Correct Answer
A simple system , Provides quick & precise information , Low cost associated with the transfer of information
Your Answer
Low cost associated with the transfer of information , A simple system , Provides quick & precise information

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 Single Answer
Question
To implement Just In Time Strategy is to have planning of production and Inventory:-
Correct Answer
Perfect
Your Answer
Perfect

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
False

Multiple Choice Multiple Answer
Question
Industrial Re-engineering concepts encourage :-
Correct Answer
Modular Organization of work , Multi-skilling , On the job training procedures
Your Answer
Modular Organization of work , Multi-skilling , On the job training procedures

Multiple Choice Multiple Answer
Question
Most computer peripheral manufacturers have built one plant for major market places like:-
Correct Answer
Europe , America , Asia
Your Answer
America , Asia , Europe

True/False
Question
MRP typically takes into account the capacity consideration.
Correct Answer
True
Your Answer
False

Multiple Choice Multiple Answer
Question
The factors that are to be taken into consideration for the suitability of the Kanban for any nation are :-
Correct Answer
Firm , Cultural differences , External dimensions of nation business
Your Answer
Firm , Cultural differences , External dimensions of nation business

Select The Blank
Question
According the example, for minimal cost, the number of initial workers considered is ________
Correct Answer
10
Your Answer
10

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
Components

Multiple Choice Single Answer
Question
In the current business scenario Indian organisations require to improve customer service to become perfect in :-
Correct Answer
Customer centric process
Your Answer
Customer centric process

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

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
When we need to release the planned orders having regard to lead time required
Projected on hand
What the inventory level will be if we produce according to plan above & demand forecast is correct
What the inventory level will be if we produce according to plan above & demand forecast is correct
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 need in each period to avoid stock out i.e. the orders that should be placed in order to avoid such stock outs
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

True/False
Question
EDI helps in Just In Time for manufacturing.
Correct Answer
True
Your Answer
True

True/False
Question
The estimate is that the 3 PL industry will quadruple its size in next five years.
Correct Answer
False
Your Answer
False

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
The benefit of MRP is that the process is automated, hence it :-
Correct Answer
Is quicker , Is less error prone , Can easily take other items that go to make final assembly
Your Answer
Is quicker , Is less error prone , Can easily take other items that go to make final assembly

Multiple Choice Single Answer
Question
Marketing, Distribution, planning and Manufacturing along the supply chain operate :-
Correct Answer
Independently
Your Answer
Independently

Multiple Choice Single Answer
Question
The decision on mode of transport are influenced by geographical placements of :-
Correct Answer
Plants & Warehouse
Your Answer
Plants & Warehouse

Multiple Choice Single Answer
Question
Which of the following has great impact on current business performance with respect to SCM?
Correct Answer
Right Customer
Your Answer
Right Customer

Multiple Choice Multiple Answer
Question
In SCM metrics, Training means :-
Correct Answer
Inhouse training , APICS Membership , Certification Training
Your Answer
Inhouse training , APICS Membership , Certification Training

Multiple Choice Single Answer
Question
If the demand forecast is more accurate which will result in inventory problems what will be its effect on Inventory Carrying and Ordering cost?
Correct Answer
It will be optimized
Your Answer
It will be optimized

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

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 possibility of using mathematical methods to obtain exact information on question of interest.
Modeling
Is the process by which we try to gain the understanding of how the corresponding system behaves.
Is the process by which we try to gain the understanding of how the corresponding system behaves.
Simulation
Is the tool for understanding issues of organizational decision making.
Is the tool for understanding issues of organizational decision making.
System
Is the facility or process of interest.
Is the facility or process of interest.

True/False
Question
Incoming inventory is the receiving of the items, as a result of buying in from external or internal suppliers
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The supply chain management is compared by " Cooper and Ellram" with :-
Correct Answer
Relay Team
Your Answer
Relay Team

Multiple Choice Multiple Answer
Question
JIT is :-
Correct Answer
Top Down system , Centrally organized , Imposed production system
Your Answer
Top Down system , Centrally organized , Imposed production system

Multiple Choice Single Answer
Question
The level to which supply chain management are often said to belong to is:-
Correct Answer
Tactical
Your Answer
Tactical

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