GOSCM Quiz

The model most appropriate for making a one-time purchase of an item?

• Fixed Order Quantity Model

• Single Period Model

• Once-off purchase model
• Multiple Period Model

The Toyota production system is founded two philosophies. What are they?

• Just-in-Time and Lean
• Kanban and Elimination of Waste

• Elimination of waste and respect for people

• Just-in-Time and Jidoka

The model most appropriate when inventory is replenished only in fixed interval of time?

• Just-In-Time Model
• Fixed-Interval Reorder Model
• Fixed Time Period Model

• Fixed-Order Quantity Model

The model most appropriate when a fixed amount must be purchased each time an order is placed?

• Just-in-Time Model

• Total Quality Management (TQM)
• T-Model

• Q- Model

The selection of suppliers?

• Sourcing

• Planning

• Outsourcing

• Supply Chain

A type of business where major outputs are intangible meaning it cannot be weighed or measured?

• Product-based business
• Manufacturing business
• Retail business
• Service-based business

According to Garvin's quality model, how many dimensions to measure quality ?

• 10
• 8
• 4
• 6

These are a set of policies and procedures to monitor and control the levels of inventory?

• Inventory Systems

• Customer Decoupling Point

• Supply Chain Regulations
• Inventory Management Procedures

ABC inventory classification scheme divides inventory items according to what measures and three groupings?

• Quarterly usage value and three groupings: A,B,C

• Weekly sales value and three groupings: A,B,C

• Demand Volumes and three groupings: A.,B,C

• Dollar Volumes and the three groupings: A, B, C

A computer system that links all areas of a company using integrated set of application programs and a common database?

• Internet of Things Systems

• Supply Chain Management (SCM) system
• Enterprise Resource Planning (ERP) system
• Artificial Intelligence