1. Which of the following is NOT one of the three major parts of the supply chain?

• Logistics

• Operations

• Purchasing

• Design

In order to establish a healthy relationship, what should buyers and supplies do?

• Discuss their levels of happiness.

• Observe each other.

• Work together to innovate.

• All of the above

Distribution centers typically hold inventory for less than _____.

• 2 hours

• 48 hours

• 1 week

• 10 days

______ supply chains clear the clutter that gets in the way of organisational opportunity.

• Lean

• Bullwhipped

• TEU

• Push

____ is the management of the systems that produce products and services.

• Operations

• Communication

• Strategy

• Finance

Inventory consumption rates remain fixed relative to the amount of remaining inventory.

• TRUE

• FALSE

In _____ strategy the final product is not assembled until the customer places the order?

• Assemble-to-Order

• Make-to-order

• Make-to-assemble

• Make-to-stock

Which of the following is NOT one of the five step improvement methodology of Six Sigma?

• Concentrating on creating the next generation of products.

• Measure where the company is today.

• Analyse what numbers mean and where the problems are.

• Define the system and find out what you are doing and why.

Why would a company want to implement a Vendor-Managed Inventory strategy?

• Inventory management should be handled by experts.

• It pushes inventory responsibilities onto the supplier.

• Supplier optimisation leads to lower inventory and costs.

• You are no longer concerned with inventory orders.

According to ABC analysis, how do inventories differ?

• Inventories vary by location within the business' systems.

• Inventories differ by the annual usage, or volume.

• Inventories differ by their unit cost and their annual usage.

• Inventories differ by their unit cost.