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REVISION SUPPLY CHAIN MANAGEMENT

Total questions: 40

Worksheet time: 21mins

Name
Class
Date
1.

The main objective of transportation is _____.

a)

to provide economical transport of goods

b)

to provide economical transport for passengers

c)

to generate revenue and enhance logistical operations

d)

to ensure the safe, economical and efficient transportation of goods.

2.

All of these are the intentions of transportation documentation in an international transaction, except ___.

a)

Documentation is important to manage risk

b)

Documentation is needed to fulfill regulations

c)

Documentation allows products to be delivered in bulk.

d)

Documentation fosters common understanding among all parties involved

3.

All the following are the documents prepared by the carrier except ____

a)

Commercial invoice

b)

Bill of the lading

c)

Freight bill

d)

Manifest

4.

The cost of insurance and taxes are included in the ___.

a)

inventory carrying cost

b)

storage cost

c)

capital cost

d)

set up cost

5.

The ___ includes handling costs associated with moving products into and out inventory.

a)

capital cost

b)

storage cost

c)

inventory risk cost

d)

inventory service cost

6.

One of the functions of warehouse is to support customer requirements during the seasonal period which is known as ___.

a)

value-added services

b)

break-bulk function

c)

full-line stocking

d)

spot-stocking

7.

All of these are the types of warehouse ownership, except ____.

a)

contract

b)

bonded

c)

private

d)

public

8.

The warehouses owned and managed by manufacturers to store their own stock of goods exclusively are known as ____.

a)

government warehouses

b)

cooperative warehouses

c)

private warehouses

d)

public warehouses

9.

Warehouses located near terminals or ports are also known as ___.

a)

cold storages

b)

distribution centers

c)

bonded warehouses

d)

buffer storage warehouses

10.

Which of the following is not a procurement activity?

a)

Issuing purchase order

b)

Tracking the receipt of order

c)

Make payment and updating payment terms

d)

Moving the inventory to the customers

11.

What is Just-in-time (JIT)?

a)

Materials that arrived earlier than scheduled

b)

Materials that arrived later than scheduled

c)

Materials that arrived at the moment of schedule

d)

Materials that arrived repeatedly as per scheduled.

12.

One of the reasons why firm decides to do outsourcing is ___.

a)

to concentrate on new product development and marketing efforts

b)

to maintain control over the quality of raw materials

c)

to reduce the risk of core competency capabilities

d)

to avoid the issue of shortages or delays

13.

When an order is picked as a whole instead of a single item, it is known as ___.

a)

piece picking

b)

case picking

c)

pallet picking

d)

whole picking

14.

___ allows the interaction between retailers and consumers to integrate in virtual and traditional logistics activities.

a)

Omni-channel retailing

b)

A crowd delivery program

c)

Artificial intelligence

d)

Robotics technology

15.

Which of the following technologies is needed to widely collaborate the data between suppliers and customers?

a)

Automation

b)

Internet of things

c)

Artificial intelligence

d)

Simulations

16.

Bill of lading acts as confirmation of the importer's legal obligation to pay for the purchase of goods,

a)

TRUE

b)

FALSE

17.

The term "procurement" refers to any idle resources that can be put to some future use.

a)

TRUE

b)

FALSE

18.

Carrying costs includes obsolescence, opportunity costs and inspection.

a)

TRUE

b)

FALSE

19.

Warehouse management systems are often used to run the day-to-day operations of distribution centre.

a)

TRUE

b)

FALSE

20.

Public warehouses enable users to rent space as needed, thereby avoiding the cost of unneeded space.

a)

TRUE

b)

FALSE

21.

Contract warehouses are licensed by the government to store goods prior to payment of taxes or duties.

a)

TRUE

b)

FALSE

22.

One goal of procurement is to maintain supply continuity with the minimum inventory investment possible.

a)

TRUE

b)

FALSE

23.

The second industrial revolution came with electronics, IT systems and automation.

a)

TRUE

b)

FALSE

24.

The nature of shipping packages must be considered by the firm to maintain the quality of orders to keep customers satisfied.

a)

TRUE

b)

FALSE

25.

The decision made by organizations which is dependent on the supplier's ability to provide necessary components is called insourcing.

a)

TRUE

b)

FALSE

26.

Which of the following is related to rail transport?

a)

Short distance

b)

Low fixed costs

c)

Extremely large capacity

d)

Low variable operating cost

27.

___ mode of transportation, operate on 24-hour basis with no labor intensive.

a)

Air

b)

Rail

c)

Water

d)

Pipeline

28.

Which of the following is the responsibility of a seller in freight on board destination pricing?

a)

Choose a carrier

b)

Arrange for transportation

c)

Pay for transportation charges

d)

Select the modes of transportation

29.

___ is the stock with irregular demand throughout the year which also involves high storage cost and high obsolescence costs.

a)

Safety stock

b)

Seasonal stock

c)

In-transit stock

d)

Speculative stock

30.

What is in-transit stock?

a)

Finished good already completed but not yet shipped to the customer

b)

Goods hold by the seller in the warehouse to be picked by the customer

c)

Goods shipped form the warehouse but not yet received by the customer.

d)

Complete inventory in the process to be shipped by the seller to the customer

31.

If the wholesalers use full-line stocking of warehouses, what type of inventory typically provided?

a)

Multiple products

b)

Seasonal products

c)

Perishable products

d)

Customize products

32.

___ warehouse involves the process of warehouse after an order is received from the customer.

a)

Bonded

b)

In-transit

c)

Distribution centre

d)

Pick-pack and ship

33.

The following refers to the supplier selection criteria, except __.

a)

Capability

b)

Reliability

c)

Desirable qualities

d)

Faster delivery services

34.

All the following related to procurement objectives, except __.

a)

Performance-based logistics

b)

Minimise inventory investment

c)

Decrease the total cost of ownership

d)

Act as a sources of technology and innovation

35.

Which of the following is not the impact of Artificial Intelligence (AI) used in supply chain?

a)

Increased cost and better decision making

b)

Accurate prediction of inventory demand

c)

Customer satisfaction and customer service

d)

Increase visibility and better decision making

36.

Water transport is in demand when low freight rates are desired and speed of transit is a primary consideration.

a)

TRUE

b)

FALSE

37.

Dead stock may be stored in the same warehouse as goods on sales or in a separate location.

a)

TRUE

b)

FALSE

38.

Product put-away is the second handling activities where the product will be placed in an active storage or in second location.

a)

TRUE

b)

FALSE

39.

Blockchain facilitates the structuring of decision logic automatically and applies without consuming the time of a subject matter expert.

a)

TRUE

b)

FALSE

40.

The third step of order processing is picking which refers to the collection of articles in a specified quantity before shipment, to fulfill the customer's order.

a)

TRUE

b)

FALSE