Deck 1: Understanding Supply Chain Management: Logistics and Operations

Question 1

A supply chain which includes the distribution of finished product and service?

A)Outbound logistics
B)Inbound logistics
C)Supply of goods
D)Transportation

Answer 1

Outbound logistics

Question 2

What additional factor does overall equipment effectiveness take into account which makes it more meaningful than efficiency or utilization?

A)Flexibility
B)Speed
C)Cost
D)Quality

Answer 2

Flexibility

Question 3

Which of the following is true for supply chain management?

A)The physical material moves in the direction of the end of chain.
B)Flow of the cash backward through the chain.
C)Exchange of information moves in both the direction.
D)All the above

Answer 3

All the above

Question 4

The purpose of supply chain management is

A)Provide customer satisfaction
B)Improve quality of a product
C)Integrating supply and demand management
D)Increasing production

Question 5

The major decision areas in supply chain management are

A)Location, production, distribution, inventory
B)Planning, production, distribution, inventory
C)Location, production, scheduling, inventory
D)Location, production, distribution, marketing

Question 6

Logistics is the part of supply chain involved with the forward and reserve flow of

A)Goods
B)Service
C)Cash
D)All of these

Question 7

Reserve logistics is required because

A)Goods are defective
B)Goods are unsold
C)The customer simply change their minds
D)All of the above

Question 8

3-PL stands for

A)Three points logistics
B)Third party logistics
C)Three points location
D)None of the above

Question 9

Qualified is defined by the customer is

A)An unrealistic definition of quality
B)A user based definition of quality
C)A manufacturing based definition of quality
D)A product based definition of quality

Question 10

The input to a transformation process include all of the following except

A)Material
B)People
C)Information
D)Assembly

Question 11

Zero defects in manufacturing..............

A)Is a relevant goal only in electronic assembly
B)Is readily achievable in all areas
C)Is the goal of TQM
D)Is an unobtainable and misleading idea

Question 12

Which of the following is not an area responsibility for a logistic manager

A)Inventory
B)Purchasing
C)Warehousing
D)Marketing

Question 13

Which came last in the development of manufacturing techniques?

A)Learn production
B)Division of labor
C)Mass production
D)Interchangeable parts

Question 14

Which one of the following would not generally be considered as an aspect of operations management?

A)Work methods
B)Secured financial resources
C)Maintain quality
D)Product or service design

Question 15

Inspection, scarp, and repair are example of

A)Internal cost
B)External cost
C)Cost of dissatisfaction
D)Warranty & service cost

Question 16

Which came last in the development of manufacturing process

A)Lean production
B)Division of labor
C)Mass production
D)Craft production

Question 17

Which of the following is not a typical supply chain member?

A)Retailer
B)Wholesaler
C)Producer
D)Customer

Question 18

A supply chain includes the chain of entities involved in the planning, procurement, production and.............. of products and services

A)Distribution
B)Supply
C)Demand
D)Transport

Question 19

Companies manage their supply chain through..............

A)Information
B)Competitor
C)Internet
D)Skilled operator

Question 20

Lean production involves

A)Improvement of speed only
B)Improvement of quality only
C)Elimination of all types of waste
D)Elimination of cost only

Question 21

Which of the following is not a factor affecting the supply chain?

A)Reduced number of suppliers
B)Increased competition
C)Longer product life cycle.
D)Increased opportunities to strategically use technology

Question 22

…………… includes design and administration of system to control the flow of materials, work in progress and finished inventory to support business unit strategy

A)Logistics management
B)Materials management
C)Bills of materials
D)None of these

Question 23

………….. and physical distribution are the two major operations of logistics

A)Supply chain management
B)Material management
C)Logistics management
D)None of these

Question 24

Buying according to the requirements is called …………..

A)Seasonal buying
B)Hand to mouth buying
C)Scheduled buying
D)Tender buying

Question 25

Getting the right goods to the right location at the right time for the least cost is known as

A)Market facilities
B)Market logistics
C)Market distribution
D)None of the above

Question 26

………….. are meant to store products for moderate to long period of time

A)Storage warehouses
B)Distribution warehouses
C)Automated warehouses
D)None of the above

Question 27

………….. uses advanced materials handling systems under the direction of a central computer

A)Storage warehouses
B)Distribution warehouses
C)Automated warehouses
D)None of the above

Question 28

………….. is the provision of service to customers before, during and after a purchase

A)Customer service
B)Product management
C)Purchase management
D)None of the above

Question 29

The most common form of quality control includes:

A)Planning
B)Organizing
C)Inspection
D)Directing

Question 30

A supply chain is a sequence of firms that performance activities required

A)To find products that are similar
B)To facilitate wholesalers inventory selections
C)To create synergy in their training programs
D)To create and deliver goods to consumers

Question 31

What technique deal with the problem of supply sufficient facilities to production lines or individuals that require uneven service?

A)Supply-demand theory
B)PERT
C)Inventory theory
D)Queing theory

Question 32

A type of logistics costing

A)Consumer costing
B)Employee costing
C)Activity costing
D)None of these

Question 33

Supply chain management is increasingly difficult and complex due to:

A)Increased pace of globalization
B)Population
C)Economies of scale
D)Improvements in communication system

Question 34

The time difference between a business ordering and receiving stock is called the

A)Recorder quantity
B)Lead time
C)Buffer stock
D)Recorder level

Question 35

The business term that involves choosing a supplier, agreeing what to buy at a certain price and by when is called?

A)Logistics
B)Supply chain management
C)Stock control
D)Procurement

Question 36

Procurement methods have considerable impact on...............

A)Product pricing
B)Inventory level
C)Warehouse space
D)Transportation modes

Question 37

AITS in inventory controls means...............

A)All Inventory Transport System
B)Automated Inventory Tracking and System
C)Alternative Inventory Trading System
D)Adoption of Inventory Tracing Storage