WorksheetsSupply Chain Mgt.
Total questions: 25
Worksheet time: 2hrs 5mins
What is a value chain?
Producing valuable products
Set of activities that add value to raw materials and sub products
Value created by consumer
Selling a valuable product
What activity is not value adding to the product?
mining of gold
loading a truck
producing a car
making a "ready-to-drink" juice
Value chain components are:
customers and consumers
finished goods manufacturers and wholesalers
raw material manufacturers, wholesalers and retailers
all mentioned above
How to create value to a product that consumers are willing to pay for?
produce and deliver
have a good marketing strategy
store and count
all mentioned above
How supply chain activities can help to form a value chain?
Transport goods
Connects all parts of value chain
Add value by storing valuable products
Moving value throughout the value chain
What activity is not part of Supply Chain core process?
quality management
warehousing
distribution
reverse logistics
Meaning of the acronym EDI?
Electronic Data Information
Electronic Data Interchange
Electronic Device Interchange
Electronic Device Information
How does RFID Technology beneficial?
universal technology in that they are the norm for retail products
eliminates the need for manual counting
less expensive than other technologies
Can read tags from a greater distance
How big percentage of company's current assets are usually tied up in inventory?
Less than 10%
80%
50%
25%
What logistics cost is variable cost?
rent of a 2-hectare land
transport of goods from point A to point B
cost per item delivered
labor cost per fixed contract
How does the short life cycle of products affect the supply chain?
Longer lead times
Less complexity
Shorter transportation routes
Higher agility
What is ROI?
Point of return
Return on investment
Repeated order
Customer service level indicator
Which one is a disadvantage of an E-Business?
Order fulfillment
Shorten supply chain response times
Realize substantial cost savings
Level the playing field for small companies
What is activity based costing in logistics?
transportation cost are equally allocated to products
all logistics costs are allocated to products based on activities
all costs are allocated based on logistics activities
warehousing, transportation and returns costs are allocated based equally to every product
Competitive advantage equals to...
product excellence x low price
low inventories x fast deliveries
process excellence x product excellence
product excellence x revers logistics
What is outsourcing?
Help neighbor build fence
Send grandma a postcard
Hire nanny
Hire new employee
What Logistics activity is usually outsourced first?
delivery planning
returns handling
transportation
inventory management
What is the first step when considering outsourcing?
Market research
Making list of possible service providers
Decide scope of outsourcing
Calculate cost savings
Which of the following is not "waste"?
low salaries
lost of intellect
waiting time
danger, hurts
What is reverse logistics?
operations related to the reuse of products and materials
moving goods from their typical final destination for the purpose of capturing value, or proper disposal
movement of goods from customer to vendor or at least one step backward up the supply chain
all of the above
What is disintermediation?
Creation of new intermediaries between customers and suppliers providing services such as supplier search and product evaluation
Reducing one or more steps in a supply chain by cutting out one or more intermediaries
Reintroduction of an intermediary between a goods producer and consumers
Using the Internet to reassemble buyers, sellers and other partners in a traditional supply chain in new ways
What is VMI?
Value Managed Inventory
Value Monitored Information
Vendor Managed Inventory
Vendor Monitored Information
Which among the following is the best description for 1PL or First Party Logistics?
involves the transport of goods from a particular transport area of the supply chain like rail, road, sea or air
primarily concerns the transportation and delivery of different products
also known as a logistics aggregator
a firm or individual with its own cargo and freight can transport goods and merchandise from one point to another
This form of transportation has the advantage of speed, but the disadvantage of cost.
plane — air transportation
ship — marine transportation
truck freight — road transportation
train — rail transportation
The total time that elapses between an order's placement and its receipt.
inventory management
shipping and delivery
lead time
order fulfillment
