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