SC 1 - Final Term Long Quiz

MULTIPLE CHOICE. What do Amazon use for their inventory system?

• Modern Big Data Analysis
• Predictive Modeling
• Predictive Stocking
• Third Party Logistics Provider

MULTIPLE CHOICE. How does 7-Eleven Japan's centrally decentralized system of management affect inventory control?

• Managers have been relieved from the burden of ordering supplies for their stores. All ordering is automated by the sophisticated computer system.
• Managers have been relieved from the burden of ordering supplies for their stores. All ordering is done by upper management at the corporate level.
• It allows 7-Eleven Japan's store managers to make the final decision on what to order for their individual stores.
• It allows 7-Eleven Japan's inventory to exceed demand, resulting in lower prices.

MULTIPLE CHOICE. A product that does not get processed in the warehouse is called:

• overstock
• non-inventory items
• first-in first-out
• flow through

MULTIPLE CHOICE. A group of activities associated with the supply of finished product is called:

• Customer service
• Inventory control
• Physical distribution
• Order processing

MULTIPLE CHOICE. Inventory control involves which of the following?

• Ensuring that there is sufficient inventory and that inventory is accurately recorded.
• Predicting the inventory needed.
• Ensuring that customers are satisfied with the quality of their goods and services.
• Ensuring that materials are being transported where they need to go.

MULTIPLE CHOICE. A cell phone assembler is planning the size of its production run for the upcoming holiday season. To produce the right number of phones, they should first look at the:

• purchasing schedule
• sales forecast
• marketing plan
• materials requirement plan

MULTIPLE CHOICE. Which one of these is most likely subject to a push supply chain?

• A home built by custom design
• A pack of pens at an office supply store
• A custom piece of art
• A special order at a fast food place

MULTIPLE CHOICE. Allan monitors his inventory once a month. What type of inventory system does he employ?

• Continuous inventory system
• Fixed-order-quantity system
• An ABC classification system
• Periodic inventory system

MULTIPLE CHOICE. Beth monitors her inventory every day and records every time the current level of inventory changes. What type of inventory control system is Beth employing?

• Continuous inventory system
• Fixed-order-quantity system
• An ABC classification system
• Periodic inventory system

MULTIPLE CHOICE. A company sells 200 tea cups, 100 tea pots, and 60 gold spoons every month. The tea cups come with a matching tea cup plate. Which of the following is a dependent demand item?

• Tea pots
• Gold spoons
• Tea cup plate
• Tea cups