WorksheetsREVISION SUPPLY CHAIN MANAGEMENT
Total questions: 40
Worksheet time: 21mins
The main objective of transportation is _____.
to provide economical transport of goods
to provide economical transport for passengers
to generate revenue and enhance logistical operations
to ensure the safe, economical and efficient transportation of goods.
All of these are the intentions of transportation documentation in an international transaction, except ___.
Documentation is important to manage risk
Documentation is needed to fulfill regulations
Documentation allows products to be delivered in bulk.
Documentation fosters common understanding among all parties involved
All the following are the documents prepared by the carrier except ____
Commercial invoice
Bill of the lading
Freight bill
Manifest
The cost of insurance and taxes are included in the ___.
inventory carrying cost
storage cost
capital cost
set up cost
The ___ includes handling costs associated with moving products into and out inventory.
capital cost
storage cost
inventory risk cost
inventory service cost
One of the functions of warehouse is to support customer requirements during the seasonal period which is known as ___.
value-added services
break-bulk function
full-line stocking
spot-stocking
All of these are the types of warehouse ownership, except ____.
contract
bonded
private
public
The warehouses owned and managed by manufacturers to store their own stock of goods exclusively are known as ____.
government warehouses
cooperative warehouses
private warehouses
public warehouses
Warehouses located near terminals or ports are also known as ___.
cold storages
distribution centers
bonded warehouses
buffer storage warehouses
Which of the following is not a procurement activity?
Issuing purchase order
Tracking the receipt of order
Make payment and updating payment terms
Moving the inventory to the customers
What is Just-in-time (JIT)?
Materials that arrived earlier than scheduled
Materials that arrived later than scheduled
Materials that arrived at the moment of schedule
Materials that arrived repeatedly as per scheduled.
One of the reasons why firm decides to do outsourcing is ___.
to concentrate on new product development and marketing efforts
to maintain control over the quality of raw materials
to reduce the risk of core competency capabilities
to avoid the issue of shortages or delays
When an order is picked as a whole instead of a single item, it is known as ___.
piece picking
case picking
pallet picking
whole picking
___ allows the interaction between retailers and consumers to integrate in virtual and traditional logistics activities.
Omni-channel retailing
A crowd delivery program
Artificial intelligence
Robotics technology
Which of the following technologies is needed to widely collaborate the data between suppliers and customers?
Automation
Internet of things
Artificial intelligence
Simulations
Bill of lading acts as confirmation of the importer's legal obligation to pay for the purchase of goods,
TRUE
FALSE
The term "procurement" refers to any idle resources that can be put to some future use.
TRUE
FALSE
Carrying costs includes obsolescence, opportunity costs and inspection.
TRUE
FALSE
Warehouse management systems are often used to run the day-to-day operations of distribution centre.
TRUE
FALSE
Public warehouses enable users to rent space as needed, thereby avoiding the cost of unneeded space.
TRUE
FALSE
Contract warehouses are licensed by the government to store goods prior to payment of taxes or duties.
TRUE
FALSE
One goal of procurement is to maintain supply continuity with the minimum inventory investment possible.
TRUE
FALSE
The second industrial revolution came with electronics, IT systems and automation.
TRUE
FALSE
The nature of shipping packages must be considered by the firm to maintain the quality of orders to keep customers satisfied.
TRUE
FALSE
The decision made by organizations which is dependent on the supplier's ability to provide necessary components is called insourcing.
TRUE
FALSE
Which of the following is related to rail transport?
Short distance
Low fixed costs
Extremely large capacity
Low variable operating cost
___ mode of transportation, operate on 24-hour basis with no labor intensive.
Air
Rail
Water
Pipeline
Which of the following is the responsibility of a seller in freight on board destination pricing?
Choose a carrier
Arrange for transportation
Pay for transportation charges
Select the modes of transportation
___ is the stock with irregular demand throughout the year which also involves high storage cost and high obsolescence costs.
Safety stock
Seasonal stock
In-transit stock
Speculative stock
What is in-transit stock?
Finished good already completed but not yet shipped to the customer
Goods hold by the seller in the warehouse to be picked by the customer
Goods shipped form the warehouse but not yet received by the customer.
Complete inventory in the process to be shipped by the seller to the customer
If the wholesalers use full-line stocking of warehouses, what type of inventory typically provided?
Multiple products
Seasonal products
Perishable products
Customize products
___ warehouse involves the process of warehouse after an order is received from the customer.
Bonded
In-transit
Distribution centre
Pick-pack and ship
The following refers to the supplier selection criteria, except __.
Capability
Reliability
Desirable qualities
Faster delivery services
All the following related to procurement objectives, except __.
Performance-based logistics
Minimise inventory investment
Decrease the total cost of ownership
Act as a sources of technology and innovation
Which of the following is not the impact of Artificial Intelligence (AI) used in supply chain?
Increased cost and better decision making
Accurate prediction of inventory demand
Customer satisfaction and customer service
Increase visibility and better decision making
Water transport is in demand when low freight rates are desired and speed of transit is a primary consideration.
TRUE
FALSE
Dead stock may be stored in the same warehouse as goods on sales or in a separate location.
TRUE
FALSE
Product put-away is the second handling activities where the product will be placed in an active storage or in second location.
TRUE
FALSE
Blockchain facilitates the structuring of decision logic automatically and applies without consuming the time of a subject matter expert.
TRUE
FALSE
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.
TRUE
FALSE
