Question 1

Which of the following mathematical expressions can be employed to compute inventory cost?

Accepted Answer

A) Carrying cost per unit + average inventory cost 
B) Carrying cost per unit × average inventory cost 
C) Carrying cost per unit ÷ average inventory cost 
D) Carrying cost per unit - average inventory cost

Question 2

What does a company's information system need to deliver to different parties who need to access the supply chain information of an organisation, whether they be employees, suppliers, logistics service providers or customers?

Accepted Answer

A) Password and user name reminders 
B) Supply chain visibility 
C) Radio-frequency identification of products 
D) None of the above

Question 3

Which of the following is the cost of carrying an item in inventory for a specific period of time?

Accepted Answer

A) Ordering cost 
B) Holding cost 
C) Shortage cost 
D) Stock out cost

Question 4

Which of the following reasons accounts for the importance of supply chain Management?

Accepted Answer

A) Increasing competitive pressures 
B) Decreasing globalization 
C) Decreasing levels of outsourcing 
D) Increasingtransportation costs

Question 5

A value chain analysis provides an analytical framework for an organisation to examine individual activities and determine value added at each stage. The principles can also be applied to an organisation's external value stream analysis which considers how the whole production and delivery process can be made more efficient. The activities can be categorized into those:

Accepted Answer

A) All of the below 
B) Those required for product development or production systems 
C) Those that do not add value 
D) That create value as perceived by the customer

Exam 3: E-Supply Chain Management: Concepts and Practices

Which of the following mathematical expressions can be employed to compute inventory cost?

What does a company's information system need to deliver to different parties who need to access the supply chain information of an organisation, whether they be employees, suppliers, logistics service providers or customers?

Which of the following is the cost of carrying an item in inventory for a specific period of time?

Which of the following reasons accounts for the importance of supply chain Management?