Supply Chain Management - 14

SUPPLY CHAIN MANAGEMENT
Semester IV
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
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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
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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
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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
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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
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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