Supply Chain Management

Supply Chain Management

Multiple Choice

Products can be replaced by mail or at a store.

• PLAN

• SOURCE

• MAKE

• DELIVER

• RETURN

Multiple Choice

My customers need my product quickly so we've decided to use airplanes as the mode of transportation.

• PLAN

• SOURCE

• MAKE

• DELIVER

• RETURN

Multiple Choice

One of the machines in the manufacturing plant must be repaired or replaced.

• PLAN

• SOURCE

• MAKE

• DELIVER

• RETURN

Multiple Choice

The company must decide how many employees to hire this year.

• PLAN

• SOURCE

• MAKE

• DELIVER

• RETURN

Multiple Choice

One of my suppliers has increased the cost of their product every year, I must find a new supplier for the company.

• PLAN

• SOURCE

• MAKE

• DELIVER

Multiple Choice

Added value is when

• Inputs are transformed to create outputs that meet customer demand
• Inputs are made
• Inputs are transformed to create different outputs
• Inputs of a high quality have more value

Multiple Choice

Lean production essentially means the elimination of

• Labour
• Time
• Waste
• Problems

Multiple Choice

Kaizen means

• Continuous interaction
• Continuous meetings
• Continuous improvement
• Continuous communication

Multiple Choice

A retailer is a business

• intermediary between manufacturers and retailers which buys in large quantities and resells
  in smaller quantities.
• that buys products from wholesalers or manufacturers and resells them to the ultimate
  consumer.

Multiple Choice

Procurement is

• an intermediary between manufacturers and retailers which buys in large quantities and resells
  in smaller quantities.
• the purchasing of goods (materials, parts, supplies, equipment) required to run an enterprise.

Multiple Choice

Buffer stock:

• Goods kept in store to cover seasonal
  demand e.g. Christmas sale
• b Goods kept in store to cover unforeseen
  shortages or fluctuations in demand

Multiple Select

In ABC Analysis, Items are classified based on

• Consumption/ usage value

• Availability of the resource

• Value of the item in store

• Cost of the item

Multiple Select

In FSN Analysis , S Stands For

• Speed Moving

• Slow Moving

• Store Moving

• Several Moving

Multiple Choice

A factor involved in the cost of inventory that is outdated is considered:

• Obsolence

• Back order

• Seasonability

• Finished Good

Multiple Choice

Under  economic-order-quantity decision model, it is assumed that ________.

• the quantity ordered can vary at each reorder point 
• demand, ordering costs, and carrying costs are uncertain
• the purchasing cost per unit is affected by the order quantity
• no inventory stockouts occur

Fill in the Blank

What is RFID?

Multiple Choice

The Inputs in MRP system comes from the ____ resources

• Bills of Materials

• Master production Schedule

• Inventory Records file

• All of the above.

Multiple Choice

What is a problem caused by JIT?

• Supply Shocks/Demand Changes
• Too many employees
• Increased Unemployment
• Consumers unhappy

Multiple Choice

JIT aims to keep stock levels to the bare minimum.

• True
• False

Multiple Choice

Concerning relationships with suppliers, which of the following combinations is critical to the success of JIT?

• close relationships with trust
• close relationships with skepticism
• distant relationships with trust
• distant relationships with skepticism
• none of the above

Multiple Choice

The goal of channels of distribution is to move products from producers to  

• Middleman
• Final Consumer
• Agents
• Producers 

Multiple Choice

wholesaler susually buy in large quantities

• True
• False

Multiple Choice

Procurement refers to the raw materials, component parts, and supplies bought from outside organizations to support a company’s operations

• TRUE

• FALSE

Multiple Choice

The ideal order quantity a company should purchase for its inventory given a cost set of production, demand rate, and other variables is known as:

• Reorder point

• Economic order quantity

• Anticipation stock

• Inventory control

Multiple Choice

^{JIT-just in time} _{is a concept}

• of purchasing goods required to run entrprise
• of reducing inventories by co-ordinating the delivery of materials just before they are needed

Multiple Choice

Procurement is

• reducing inventories by co-ordinating the delivery of materials just before they are needed
• the purchasing of goods required to run an enterprise

Multiple Choice

Match the following word with the correct definition: OUTSOURCING

• including a wide range of services

• details of what is expected and needed

• contracting functions out to third-party providers

• the need for particular goods or services

Multiple Choice

Choose the correct answer: The direct flow of goods from receipt at warehouse to shipping, bypassing storage.

• Order picking

• Transshipment

• Break-bulk

• Cross-docking

Multiple Choice

The purchase-order lead time is the ________.

• time between placing an order and its delivery
• time between receiving a customer order and producing the products 
• ) time between receiving a customer order and delivering the items 
• time required to correct errors in the defective products 

Multiple Choice

Among different types of costs associated with inventory, the opportunity cost of the investment tied up in inventory is a(n) ________.

• purchasing cost 
• ordering cost
• stockout cost
• carrying cost

Multiple Choice

Among different types of costs associated with inventory, the costs of obtaining purchase approvals are ________.

• purchasing costs
• ordering costs 
• stockout costs 
• carrying costs

Multiple Choice

What is Master Production Schedule (MPS)

• A dependent demand technique that use to determine material requirement.

• A list of components, their description and the quantity of each required to make 1 unit of a product.

• The schedule date for an order to be release.

• A timetable that specifies what is to be made and when.

Multiple Choice

The list of quantities of components, ingredients, and materials required to produce a product is the

• purchase order
• Engineering change notice
• bill-of-materials
• master schedule

Multiple Choice

Reverse logistics is an activity that ensures _____________.

• Productivity

• Quick response

• Reuse and recycling of products

• Quality standards

Multiple Choice

Just-in-time/SCM purchasing requires the following condition:

• Many suppliers

• Short-term contracts

• Cooperation between purchasing and suppliers

• Continuous competitive bidding

Multiple Choice

Reverse logistics is required because

• Goods are defective

• Goods are unsold

• The customer simply change their minds

• All of above

Multiple Choice

3. VMI stands for

• Vendor material inventory

• Vendor managed inventory

• Variable material inventory

• Valuable material inventory

Multiple Choice

A system in which the vendor determines the quantities needed for purchase and retains ownership of products until they are issued to production.

• Just-in-time (JIT) purchasing

• Par level inventory

• Vendor-managed inventory

• Buyer's club

Multiple Choice

Where does JIT originate from?

• U.S
• UK
• Croatia
• Japan

Multiple Choice

JIT stands for

• Joint Intervene Testimony 
• Just-IT-Test
• Just
• Just-In-Time

Multiple Choice

One goal of JIT partnerships is the removal of in-plant inventory by delivery in small lots directly to the using department as needed.

• true
• false

Multiple Choice

The following is (are) the prerequisite(s) for JIT.

• Multi skilled workers

• Vendor should produce defect free

• Worker should be empowered his own decision

• All of the above

Multiple Choice

Just-In-Time aimed at

• Zero inventories

• Reduced manpower

• Over production

• All of the above