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

Accepted Answer

Outbound logistics refers to the process involved in the movement and storage of products from the end of the production line to the end user, which includes the distribution of finished products and services.

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

Accepted Answer

A

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

Accepted Answer

All the options are true for supply chain management. Physical materials move towards the end of the chain (to the customer), cash flow moves backward from the customer to the suppliers, and information exchange occurs in both directions to optimize and manage the supply chain effectively.

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

Accepted Answer

Supply chain management primarily focuses on integrating supply and demand management to ensure efficient and effective flow of goods, services, and information from supplier to customer.

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

Accepted Answer

The major decision areas in supply chain management include location (where to produce and store products), production (what and how much to produce), distribution (how to best move and store products), and inventory (how much to keep on hand). These areas are crucial for optimizing the supply chain's efficiency and responsiveness.

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

Accepted Answer

Logistics involves the management of the forward and reverse flow of goods, services, and cash within the supply chain.

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

Accepted Answer

Reverse logistics is needed for handling returns due to defects, unsold goods, or customer preference changes.

Question 8

3-PL stands for
A)Three points logistics
B)Third party logistics
C)Three points location
D)None of the above

Accepted Answer

3-PL stands for Third Party Logistics, which refers to outsourcing logistics and distribution by a company to a third-party provider.

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

Accepted Answer

A user-based definition of quality focuses on meeting or exceeding customer expectations, which aligns with the idea that "quality is defined by the customer."

Question 10

The input to a transformation process include all of the following except
A)Material
B)People
C)Information
D)Assembly

Accepted Answer

Assembly is not an input to a transformation process; it is rather a part of the process itself where materials, information, and labor (people) are combined or transformed into finished goods or services.

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

Accepted Answer

Total Quality Management (TQM) aims for zero defects as part of its goal to achieve the highest quality in manufacturing and services.

Question 12

Which of the following is not an area responsibility for a logistic manager
A)Inventory
B)Purchasing
C)Warehousing
D)Marketing

Accepted Answer

The answer of Which of the following is not an...

Question 13

Which came last in the development of manufacturing techniques?
A)Learn production
B)Division of labor
C)Mass production
D)Interchangeable parts

Accepted Answer

The answer of Which came last in the development of...

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

Accepted Answer

Operations management typically focuses on the production and delivery aspects of a business, such as work methods, maintaining quality, and designing products or services. Securing financial resources is generally considered a function of financial management rather than operations management.

Question 15

Inspection, scarp, and repair are example of
A)Internal cost
B)External cost
C)Cost of dissatisfaction
D)Warranty & service cost

Accepted Answer

The answer of Inspection, scarp, and repair are example of
A)Internal...

Question 16

Which came last in the development of manufacturing process
A)Lean production
B)Division of labor
C)Mass production
D)Craft production

Accepted Answer

The answer of Which came last in the development of...

Question 17

Which of the following is not a typical supply chain member?
A)Retailer
B)Wholesaler
C)Producer
D)Customer

Accepted Answer

Customers are typically considered the end users of the supply chain process rather than active members within it. Supply chain members such as retailers, wholesalers, and producers are involved in the creation, distribution, and sale of products.

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

Accepted Answer

The supply chain involves the distribution of products and services, which includes delivering the final product to the end consumer.

Question 19

Companies manage their supply chain through..............
A)Information
B)Competitor
C)Internet
D)Skilled operator

Accepted Answer

Companies manage their supply chain through information by using data and analytics to optimize processes, forecast demand, and improve efficiency.

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

Accepted Answer

Lean production focuses on the elimination of all types of waste in the production process, including excess inventory, unnecessary steps, waiting times, and defects, to improve overall efficiency and value to the customer.

Quiz 1: Understanding Supply Chain Management: Logistics and Operations

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

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

Which of the following is true for supply chain management?

The purpose of supply chain management is

The major decision areas in supply chain management are

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

Reserve logistics is required because

3-PL stands for

Qualified is defined by the customer is

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

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

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

Which came last in the development of manufacturing techniques?

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

Inspection, scarp, and repair are example of

Which came last in the development of manufacturing process

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

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

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

Lean production involves