Mid term question paper questions

 Cycle inventory is:

• The one built up in anticipation of predictable increase in demand uncertainties of the year

•  Amount needed to satisfy demand for the product in periods between purchases of product

• The one that has to be built given the lack manufacturing flexibility

• Amount created to cover for maintenance cycles, specially on a peak season

Which of these are 3 INTERNAL factors that affect MPS (Master Production schedule) :

•  BOM ́s
  

• Historical data of supplier service level
  

• Plant Capacity
  

• Competitor activity

•  Company or Management Policies

In SCM information is primarily used for the purpose of:

• Sales Forecast And Demand Predictability
  

• Coordinating daily activities, production and materials forecasting and planning 

• Production Planning,quality assurance and sales
  

• Reduce sales variability so that inventory could also be reduced. 

Key participants in the Supply Chain

• Manufacturing,Buyers,Warehouses Salesforce
  

• Purchases, Quality, Finance and Suppliers
  

• Carriers,Logistics,MarketingandManufacturing
  

•  Producers, Distributors, Customers, Suppliers or Service Providers

Which of the following are activities within the Procurement function (4)

•  Conduct product scheduling
  

• Contract Management
  

•  Purchasing,

• Contract Negotiation
  

• Vendor Selection

Production Scheduling is a constant balancing act between

• Average level of inventories, high responsiveness and short lead times
  

• Vendor selection, economic lot size, and economic order quantity
  

• High utilization rates, Low level of inventories and high level of customer service 

• Cycle Inventory, Reduce demand uncertainty and set the right level of safety stock

If you choose to have a very responsive business. Which will be the impact on inventory?

• High levels of inventory during seasonality peaks
  

• Low levels of inventory
  

• Optimized levels

• High levels of inventory for a wide range of products

When in a negotiation you have to make a concession or give up something between the unit price of a product and all the other value added services that are required; it is also named:

• Win-win negotiation
  

•  Performance target concession 

• Trade-offs
  

•  Win-lose negotiation

Your are running a business with your partner and you are negotiating with him the possibility to invest in a new market. Your partner does not want to make this investment and is not moving his position a bit. What would you do?

• • Try to identify his/her needs more than understanding his/her position

• •   Agree not to do the investment. The relationship with your partner is more important thant exploring new businesses

• • Make no concession. It would make you look weak

• • Make small irrelevant concessions to try to move him/her from his/her position