Question 21 Managing good customer and supplier relationships is a _______________ of effectively managing supply chains

a. difficult task

b. tough job

c. difficult job

d. crucial aspect

Question 22 Two key factors contributing to the _____________________ uncertainty are the lead time and their standard deviations,

a. SAP

b. Supply Chain Performance

c. ERP

d. ABC Analysis

Question 23 SNDC stands for ___________

a. Supply Chain net design

b. Supply Chain Network Design

c. Supply Chain Mgt

d. sales chain net design

Question 24 In order to be successful, it is essential that a business stays abreast with all the _____________ about the various aspects of its production

a. methods

b. update

c. techniques

d. latest information

Question 25 Inventory management ___________ constant and careful evaluation of external and internal factors and control through planning and review

a. must done

b. needs

c. requires

d. wants

Question 26 ________________is the concept that the variability in demand for raw materials is reduced by aggregating demand across multiple products.

a. Inventory Store

b. JIT

c. Inventory Risk Pooling

d. Inventory Control

Question 27 M-T-S stand for -------

a. made to stock

b. made to store

c. make to spare

d. make to stock

Question 28 ____________optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution

a. 3rd party

b. direct buying

c. supply -chain

d. outsourcing

Question 29 A centralized supply chain is the traditional supply chain model, featuring a central headquarters and warehouse based in a ____________________

a. many locations

b. multiple location

c. single location

d. one office

Question 30 By building a strong working ________ with your supplier, you would be able to work efficiently and come up with a better output in a short period of time.

a. relationship

b. joint venture

c. compromising

d. partnership

Question 31 Supply chain integration is a large-scale business strategy that brings as many links of the chain as possible into a closer ______________ with each other

a. joint venture

b. working relationship

c. close tie-up

d. partnership

Question 32 Achieving clear and sustained ___________between operations execution and the plans derived from business strategies is challenging

a. adjusting

b. balance

c. fine tuning

d. alignment

Question 33 Cost saving & improve customer services are the main goal of ___________________

a. Top Management

b. Purchase Dept

c. Supply Chain Management

d. Marketing Mgt

Question 34 The result of _______is increased cost, most commonly in the form of excess inventory, excess capacity in production, or the use of faster and more expensive transportation of goods

a. new market

b. demand uncertainty

c. sales loss

d. customer market

Question 35 The __________is always a sensitive matter since everyone wants the best service, but they also want to protect their budget

a. supply

b. pricing

c. products

d. delivery

Question 36 Innovative products have __________

a. low sales

b. high profit margin

c. low profit margin

d. high market share

Question 37 Supply chain integration is a process where all the parties involved with the fulfillment of a product are integrated into a ___________

a. one model

b. ABC Analysis

c. single system

d. main project

Question 38 ___________________ include the staples that people buy in a wide range of retail outlets, such as grocery stores and gas stations

a. old products

b. FMCG products

c. functional products

d. innovative products

Question 39 In ________ business operation there are more complexities in supply chain management

a. local setup

b. Global

c. Local

d. National

Question 40 Applying ____________ solutions to the supply chain can increase the efficiency of coordination and resource integration among partners.

a. EOQ

b. JIT

c. ERP

d. e-commerce

Question 41 Seven essential elements must be present before a ____________ is binding: the offer, acceptance, mutual assent, consideration, capacity, and legality

a. budget

b. terms

c. contract

d. agreement

Question 42 WIP stand for ________

a. Warehouse in Plan

b. Work in Project

c. Work In Progress

d. Work In Planning

Question 43 There are many complicated supply chain management processes that differ with the size of the business as well as the _____ of the chain and the number of products involved at each step

a. problems

b. complexity

c. shortfalls

d. issues

Question 44 Simulation Tools used to ___________ how realtime variability can impact supply chain performance and risk

a. evaluate

b. analysis

c. judge

d. decide

Question 45 MRP stand for___________

a. Material Report Plan

b. Material Receipt Plan

c. Material Receipt Project

d. Material Requirement Planning

Question 46 UCC Stands for _________

a. Uniform Common Code

b. Union Commodity Code

c. Universal Common Code

d. Uniform Commercial Code

Question 47 Supply Chain complexity does not mean complicated, but rather it describes a condition of inter-connectedness and inter-dependencies _____________

a. national setup

b. across network

c. global setup

d. local setup

Question 48 The main ______ of supply chain management is to monitor and relate production, distribution, and shipment of products and services.

a. target

b. objectives

c. focus

d. business goal

Question 49 __________________of Supply Chain Management Plan, Source, Make, Deliver and Return.

a. types

b. components

c. methods

d. systems

Question 50 The operation of inventory management determines the efficiency of storage of ____________

a. products

b. goods cost

c. goods & storing

d. goods & profit

Question 51 Logistics _______________ refers to the class of tools required to analyze the trade-offs among inventory quantities, number and location of warehouses,

a. Stock Management

b. SAP

c. ERP

d. network planning

Question 52 Functional products are basic products characterized by predictable demand, low profit margin, and long _____________________

a. sales revenue

b. product life cycle

c. new market

d. market development

Question 53 Communication and coordination between the corporate headquarters and the warehouses and between the warehouses themselves are an --------, especially in a decentralized warehouse.

a. Inventory Store

b. universal aim

c. main goals

d. important factor

Question 54 Perhaps the most fundamental role that inventory plays in supply chains is that of facilitating the balancing of _________________

a. demand strategy

b. new market

c. demand & supply

d. demand & inventory

Question 55 ____________ used to identify optimal inventory deployment policies and quantities by facility for a given network of facilities

a. Inventory Management

b. Inventory Control

c. Inventory Optimization

d. SAP

Question 56 The Physically Efficient Process can be used when supplying a functional product with a ______________

a. low sales

b. low demand

c. predictable demand

d. low market

Question 57 Warehousing all products in a _______________ can lead to greater availability of said products, as they are always at hand.

a. central facility

b. central stock control

c. SKU

d. central purchasing

Question 58 While a centralized purchasing will save money for the company, decentralized purchasing will give _____________ to individual departments to purchase what they require.

a. authority

b. responsibilities

c. power

d. rights

Question 59 The single period inventory model is ________ explained in terms of the newsboy problem.

a. always

b. often

c. commonly

d. very seldom

Question 60 Most business units or functional areas within a company are ____________ by a network design project.

a. joined

b. impacted

c. jointly

d. clubbed