WorksheetsAdditional_2_Quiz
Total questions: 20
Worksheet time: 10mins
Businesses sometimes use the term "triple bottom line" to define sustainability in terms of the 3Ps - Increasing profit, improving the planet, and improving people's lives. Which of the following should be added as a 4th P to ensure all the people around the world are included & will benefit from our efforts?
Purchases
Philanthropy
Procurement
Participation
Obstacles to achieving sustainability in logistics include which one of these?
Consumer preferences
Toll roads
ISO Standards
Reluctant to change
Produce exactly what is demanded during the period in which is demanded " describe which method of Aggregate Planning method?
Level
Optimal
Chase
Collaborative
What is one example of engaging with customers in a circular economy model?
Making the return process of the product accessible and easy if product does not meet the need of consumer
Leasing your product to customer
Offering incentive for customer to return product after use
All the above
Customer service, Ordering/Setup cost, labor and equipment utilization, transportation cost, and quantity discount are issues that result in which type of inventory pressure
High
Low
Conditional
Aggregate
"Changing economic control empowers creativity and competition. Changes in transportation-fewer or no economic controls over rates and services. Changes in financial institutions blurred traditional differences and increased competition " are some of characteristics of which of following " macro challenges to Sustainability
The empower consumer
Power shift in Supply Chain
Deregulation
Globalization
A circular economy should rebuild
All capital
some capital except human sources
no capital and maintain the capital in use
selective capital sources that are most useful for given industry
One of the biggest challenges facing companies today is?
Hiring and retaining qualified employees
Global warming
Government regulation
Infrastructure issues
The circular supply chain design is:
Inherently regenerative
self sufficient and require little practice of planning
easy implemented
only is applicable to specific industries
The circular economy is an alternative supply chain design to what traditional supply chain network design?
Triangle supply chain
Linear supply chain
Vertical supply chain
Web supply chain
SDGs:
Primarily target developing countries
Have no specific measures
Are socially Desirable Guides
Are UN Sustainable Development Goals
What emerging technology will most likely be adopted by emerging countries?
drones
edge computing
autonomous vehicles
3D printing
Regarding inventory performance measures, " fill rate "
Is the fraction of inventory older than a specified obsolescence date
should be measured in units, days of demand, and financial value
is the ratio of the average inventory to either the cost goods sold or sales
should not be averaged over time but over a specified number of units of demand
Inventory is created when ...
The receipt of materials, parts, or finished goods exceeds their disbursement
Their reimbursement exceeds their receipt
There is no receipt schedule
None of above correct
What is the measurement of obsolete inventory?
The Fraction of order/demand that were met on time from inventory
Should not be average over time but over a specified number of units of demand
the fraction of inventory older than a specified obsolescence date
The amount of both cycle and safety inventory that purchased solely due to seasonal changes in demand
Accuracy of this item, in the area of 99%, is absolutely required for MRP (or any dependent demand system) to operate correctly?
Master Production Schedule, MPS
Bill of Material, BOM
Maximum Material Condition, MMC
Inventory Record
Maintain stable machine capacity and workforce levels with a constant output rate, shortages and surpluses result in fluctuation in inventory levels over time, inventory that are built up in anticipation of future demand or backlogs are carried over from high to low demand periods, and better to workers morals'' are characteristics of which strategy?
Level
Optimal
Collaborate
Chase
A method for manufacturing that minimize waste and reduce the environmental impact is called?
Sustainable
Lean
Just in-time
Energy efficient
The decision regarding the manufacture or purchase of an item or service is commonly known as what type of decision?
Aggregate
Sourcing
Make or buy
Bullwhip
Which of the following is not a benefit of implementing a circular supply chain model?
Reduction in costs
Increase in productivity
Preservation of Natural capital and resources
Complete removal of negative externalities
