Question $1(2$ points$)$

Which of the following processes best depict Supply Chain Management?

Question $1$ options:

production, distribution and consumption

distribution, production, and consumption

consumption $,$ distribution, and production

None of the above

Question $2(2$ points$)$

ABC is s an entity that leverages the purchasing power of a group of purchasers to obtain discounts from vendors and distributors based on all the members' collective buying power. This type of organization is best called

Question $2$ options:

A producer bargainer

A group purchasing organization

A consumer organization

None of the above

Question $3(2$ points$)$

A hospital department acquired software that can order requisitions without any person making requests. This is called:

Question $3$ options:

two bin systems

A robotic software

automated distribution unit

periodic automated replenisher

Question $4(2$ points$)$

What is supply chain management?

Question $4$ options:

a$.$ The management of all activities and processes related to both upstream vendors and downstream customers in the value chain

b$.$ Tracking and managing demand, inventory, and delivery

c$.$ Procurement and vendor relationship management

d$.$ All of the above

Question $5(2$ points$)$

Which of the following goals is not part of inventory management?

Question $5$ options:

a$.$ Meeting anticipated demand

b$.$ Having a variety of clinical devices in stock for physicians

c$.$ Protecting against stock outs

d$.$ Taking advantage of quantity discounts

Question $6(2$ points$)$

The ABC classification system is used in inventory management to

Question $6$ options:

a$.$ divide inventory into three categories based on physician preference.

b$.$ score vendors on service and price.

c$.$ divide inventory into three categories based on cost and then focus management on the most costly group.

d$.$ determine the most efficient layouts for stock rooms.

Question $7(2$ points$)$

What is the theory that provides optimal levels of stock on hand, order levels, and order frequency?

Question $7$ options:

a$.$ Stock level index

b$.$ Order quantity and date

c$.$ Economic order quantity

d$.$ Safety stock system

Question $8(2$ points$)$

Which assumption is not part of the basic EOQ model?

Question $8$ options:

a$.$ Only one product is involved

b$.$ Demand is known and constant.

c$.$ Lead time is known and constant.

d$.$ Back orders and stock outs are allowed

Question $9(2$ points$)$

The two$-$bin system is used to

Question $9$ options:

a$.$ provide overflow storage for inventory.

b$.$ color$-$code types of inventory.

c$.$ signal a need to order when one bin is empty.

d$.$ provide easy movement of stock from the storeroom to the work area.

Question $10(2$ points$)$

As inventory increases, less storage space is required.

Question $10$ options:

True

False