Question 1

What does the Perfect Order Measurement calculate?

Accepted Answer

A) The entry accuracy rate 
B) The time between when the order ships and arrives at destination 
C) The rate of undamaged orders that arrive in a shipment 
D) All of the above 
A) The entry accuracy rate 
B) The time between when the order ships and arrives at destination 
C) The rate of undamaged orders that arrive in a shipment 
D) All of the above A,C

Question 2

Describe the three fundamental decision phases in a supply chain:

Accepted Answer

A) Information, storage, and survey. 
B) Strategy, product, and operation. 
C) Strategy, planning, and operation 
D) Information, operation, and manufacturing. 
A) Information, storage, and survey. 
B) Strategy, product, and operation. 
C) Strategy, planning, and operation 
D) Information, operation, and manufacturing. C

Question 3

Push/pull processes are also known as ________ and ________.

Accepted Answer

A) Interactive processes; non-interactive processes. 
B) Boundary processes; speculative processes. 
C) Reactive processes; speculative processes. 
D) Interactive processes; reactive processes. 
A) Interactive processes; non-interactive processes. 
B) Boundary processes; speculative processes. 
C) Reactive processes; speculative processes. 
D) Interactive processes; reactive processes. C

Question 4

During Production Scheduling, _______ is/are allocated to the production plan.

Accepted Answer

A) Consumer ratio 
B) Demand rate 
C) Raw materials 
D) Total orders 
A) Consumer ratio 
B) Demand rate 
C) Raw materials 
D) Total orders

Question 5

Why should a company ensure that its supply chain capabilities support its ability to satisfy the targeted customer segments?

Accepted Answer

A) To have better marketability. 
B) To achieve strategic fit. 
C) To maximize output. 
D) None of the above. 
A) To have better marketability. 
B) To achieve strategic fit. 
C) To maximize output. 
D) None of the above.

Question 6

Supply chain management creates value by:

Accepted Answer

A) Increasing profitability and returns to shareholders. 
B) Providing multiple variants of products for customers. 
C) Making transaction processing more efficient. 
D) Developing more accurate forecasts. 
A) Increasing profitability and returns to shareholders. 
B) Providing multiple variants of products for customers. 
C) Making transaction processing more efficient. 
D) Developing more accurate forecasts.

Question 7

Integration between _______, ________ and _______ processes is crucial for a successful supply chain firm.

Accepted Answer

A) CRM; ISCM; SRM 
B) RMR; TMS; WMS 
C) SRM; ISCM; SCEM 
D) SCE; TMS; SRM 
A) CRM; ISCM; SRM 
B) RMR; TMS; WMS 
C) SRM; ISCM; SCEM 
D) SCE; TMS; SRM

Question 8

The manufacturing cycle generally occurs at the _________ interface.

Accepted Answer

A) Retailer's 
B) Logistics 
C) Both Retailer's and Logistics 
D) None of the above 
A) Retailer's 
B) Logistics 
C) Both Retailer's and Logistics 
D) None of the above

Question 9

What is meant by the term inbound logistics?

Accepted Answer

A) These are activities related to receiving, storing, and disseminating inputs to the production process 
B) These are activities associated with transforming inputs into final products 
C) These are activities associated with receiving, storing, and disseminating the final product to consumers. 
D) These are activities associated with providing services to customers to enhance or maintain the value of the product. 
A) These are activities related to receiving, storing, and disseminating inputs to the production process 
B) These are activities associated with transforming inputs into final products 
C) These are activities associated with receiving, storing, and disseminating the final product to consumers. 
D) These are activities associated with providing services to customers to enhance or maintain the value of the product.

Question 10

Define the core objective of Supply Chain Management:

Accepted Answer

A) To manage logistics. 
B) To maximize the overall value. 
C) To process delivery services and manage customer relations. 
D) None of the above. 
A) To manage logistics. 
B) To maximize the overall value. 
C) To process delivery services and manage customer relations. 
D) None of the above.

Question 11

Supply, demand, strategy, supply planning, fulfillment and field service are all part of _________.

Accepted Answer

A) ISCM 
B) SRM 
C) CRM 
D) SCEM 
A) ISCM 
B) SRM 
C) CRM 
D) SCEM

Question 12

The __________ occurs at the manufacturers' interface and includes all the processes necessary to ensure materials are available for manufacturing according to schedule.

Accepted Answer

A) Production cycle 
B) Shipping cycle 
C) Procurement cycle 
D) Material cycle 
A) Production cycle 
B) Shipping cycle 
C) Procurement cycle 
D) Material cycle

Question 13

What is the difference between a push view and a pull view of supply chain processes?

Accepted Answer

A) In pull processes execution is initiated in response to a customer's order, whereas in push processes execution is initiated in expectation of a customer's order. 
B) In pull processes execution is initiated in expectation of a customer's order, whereas in push processes execution is initiated in response to a customer's order. 
C) In pull processes execution is initiated in response to a customer's order, whereas in push processes execution is initiated on the expectation of a supplier's order. 
D) In pull processes execution is initiated in response to a supplier's order, whereas in push processes execution is initiated on the expectation of a supplier's order. 
A) In pull processes execution is initiated in response to a customer's order, whereas in push processes execution is initiated in expectation of a customer's order. 
B) In pull processes execution is initiated in expectation of a customer's order, whereas in push processes execution is initiated in response to a customer's order. 
C) In pull processes execution is initiated in response to a customer's order, whereas in push processes execution is initiated on the expectation of a supplier's order. 
D) In pull processes execution is initiated in response to a supplier's order, whereas in push processes execution is initiated on the expectation of a supplier's order.

Question 14

What is the best definition of sourcing?

Accepted Answer

A) A procurement strategy aimed at exploiting global efficiencies in production. 
B) The act of releasing previously proprietary software under an open source/free software license 
C) A strategy that treats a given function that should be performed by internal staff. 
D) A set of business processes required to purchase goods and services which are crucial due to their effect on other factors throughout the supply chain 
A) A procurement strategy aimed at exploiting global efficiencies in production. 
B) The act of releasing previously proprietary software under an open source/free software license 
C) A strategy that treats a given function that should be performed by internal staff. 
D) A set of business processes required to purchase goods and services which are crucial due to their effect on other factors throughout the supply chain

Question 15

What is the purpose of a value chain?

Accepted Answer

A) To create value for producers. 
B) To create more value for customers as the product travels along the chain. 
C) To get extra returns on services for customers. 
D) To expand the value of logistics and merchandisers 
A) To create value for producers. 
B) To create more value for customers as the product travels along the chain. 
C) To get extra returns on services for customers. 
D) To expand the value of logistics and merchandisers

Question 16

A______system involves carrying only enough inventories of parts or merchandise for a few days of operation.

Accepted Answer

A) Inventory management 
B) Just-in-time inventory system 
C) Order quantity 
D) Supply chain management 
A) Inventory management 
B) Just-in-time inventory system 
C) Order quantity 
D) Supply chain management

Question 17

What is the core function of a supply chain?

Accepted Answer

A) Receiving and filling a customer request. 
B) Selecting the required amount of goods. 
C) Distribution of raw materials. 
D) Processing and forecasting managing errors. 
A) Receiving and filling a customer request. 
B) Selecting the required amount of goods. 
C) Distribution of raw materials. 
D) Processing and forecasting managing errors.

Question 18

Which of the following are types of basic decisions for the creation and holding of inventory?
I. Cycle Inventory
II. Optional Inventory
III. Safety Inventory
IV. Open Inventory
V. Seasonal Inventory

Accepted Answer

A) I and II 
B) I, II, and IV 
C) I, II, V, and VII 
D) I, III, and V 
A) I and II 
B) I, II, and IV 
C) I, II, V, and VII 
D) I, III, and V

Question 19

What is the first step in supply chain management?

Accepted Answer

A) Choosing supplies 
B) Planning 
C) Defect and excess 
D) Delivery 
A) Choosing supplies 
B) Planning 
C) Defect and excess 
D) Delivery

Question 20

The_________ macro process aims to generate demand and facilitate the placement and tracking of orders.

Accepted Answer

A) Internal supply chain management 
B) Supplier relationship management 
C) Customer relationship management 
D) Channel management 
A) Internal supply chain management 
B) Supplier relationship management 
C) Customer relationship management 
D) Channel management

What does the Perfect Order Measurement calculate?

Describe the three fundamental decision phases in a supply chain:

Push/pull processes are also known as and .

During Production Scheduling, _______ is/are allocated to the production plan.

Why should a company ensure that its supply chain capabilities support its ability to satisfy the targeted customer segments?

Supply chain management creates value by:

Integration between _, and _ processes is crucial for a successful supply chain firm.

The manufacturing cycle generally occurs at the _________ interface.

What is meant by the term inbound logistics?

Define the core objective of Supply Chain Management:

Supply, demand, strategy, supply planning, fulfillment and field service are all part of _________.

The __________ occurs at the manufacturers' interface and includes all the processes necessary to ensure materials are available for manufacturing according to schedule.

What is the difference between a push view and a pull view of supply chain processes?

What is the best definition of sourcing?

What is the purpose of a value chain?

A______system involves carrying only enough inventories of parts or merchandise for a few days of operation.

What is the core function of a supply chain?

Which of the following are types of basic decisions for the creation and holding of inventory? I. Cycle Inventory II. Optional Inventory III. Safety Inventory IV. Open Inventory V. Seasonal Inventory

What is the first step in supply chain management?

The_________ macro process aims to generate demand and facilitate the placement and tracking of orders.

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

Exam 1: Core Concepts

What does the Perfect Order Measurement calculate?

Describe the three fundamental decision phases in a supply chain:

Push/pull processes are also known as ________ and ________.

During Production Scheduling, _______ is/are allocated to the production plan.

Why should a company ensure that its supply chain capabilities support its ability to satisfy the targeted customer segments?

Supply chain management creates value by:

Integration between _______, ________ and _______ processes is crucial for a successful supply chain firm.

The manufacturing cycle generally occurs at the _________ interface.

What is meant by the term inbound logistics?

Define the core objective of Supply Chain Management:

Supply, demand, strategy, supply planning, fulfillment and field service are all part of _________.

The __________ occurs at the manufacturers' interface and includes all the processes necessary to ensure materials are available for manufacturing according to schedule.

What is the difference between a push view and a pull view of supply chain processes?

What is the best definition of sourcing?

What is the purpose of a value chain?

A______system involves carrying only enough inventories of parts or merchandise for a few days of operation.

What is the core function of a supply chain?

Which of the following are types of basic decisions for the creation and holding of inventory? I. Cycle Inventory II. Optional Inventory III. Safety Inventory IV. Open Inventory V. Seasonal Inventory

What is the first step in supply chain management?

The_________ macro process aims to generate demand and facilitate the placement and tracking of orders.

Customer Relationship Management

Demand

Design and Improvement

Dynamics

Efficiency

Global Management

Inventory

Logistics

Managing Supply

Market Segments

Risk

Supplier Relationship Management

Strategy Alignment

Sustainability

Filters

Push/pull processes are also known as and .

Integration between _, and _ processes is crucial for a successful supply chain firm.