Question 1

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

Accepted Answer

A longer product life cycle generally does not negatively affect the supply chain. It can lead to more stable production schedules and inventory management, unlike the other options which directly impact supply chain dynamics.

Question 2

…………… 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

Accepted Answer

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

Question 3

………….. and physical distribution are the two major operations of logistics
A)Supply chain management
B)Material management
C)Logistics management
D)None of these

Accepted Answer

Material management and physical distribution are the two primary operations in logistics, focusing on the procurement, handling, and movement of materials and finished goods.

Question 4

Buying according to the requirements is called …………..
A)Seasonal buying
B)Hand to mouth buying
C)Scheduled buying
D)Tender buying

Accepted Answer

Hand to mouth buying refers to purchasing goods only as they are needed, without maintaining a large inventory or stock.

Question 5

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

Accepted Answer

Market logistics focuses on planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption to meet customers' requirements. This includes getting the right goods to the right location at the right time for the least cost.

Question 6

………….. 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

Accepted Answer

Storage warehouses are specifically designed for the storage of goods for moderate to long periods. They are equipped to handle and store products in a way that preserves their quality over time.

Question 7

………….. 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

Accepted Answer

Automated warehouses use advanced materials handling systems that are directed by a central computer to efficiently manage the storage and movement of goods.

Question 8

………….. 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

Accepted Answer

Customer service is the support offered to customers before, during, and after purchasing and using goods or services. It's aimed at enhancing the customer's experience, ensuring satisfaction, and fostering loyalty.

Question 9

The most common form of quality control includes:
A)Planning
B)Organizing
C)Inspection
D)Directing

Accepted Answer

Inspection is the most common form of quality control, as it involves examining and testing products or services to ensure they meet specified standards.

Question 10

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

Accepted Answer

The supply chain encompasses all the steps involved in getting a product from the manufacturer to the consumer, including creating and delivering goods.

Question 11

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

Accepted Answer

Queuing theory specifically deals with problems of providing adequate service facilities by analyzing situations where demand for service occurs randomly over time, leading to uneven or unpredictable service requirements. This makes it applicable to scenarios where there is a need to manage the provision of services or resources to production lines or individuals with fluctuating demands.

Question 12

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

Accepted Answer

Activity costing is a type of logistics costing that involves analyzing the costs associated with specific activities within the logistics process.

Question 13

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

Accepted Answer

The increased pace of globalization has made supply chain management more difficult and complex due to the expansion of markets and production bases across different countries, requiring more sophisticated coordination and management.

Question 14

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

Accepted Answer

Lead time is the period between when an order is placed and when it is received. It encompasses the time taken for processing, manufacturing, and delivering the order.

Question 15

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

Accepted Answer

Procurement is the business process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. It involves choosing a supplier, agreeing on what to buy, the price, and the delivery date.

Question 16

Procurement methods have considerable impact on...............
A)Product pricing
B)Inventory level
C)Warehouse space
D)Transportation modes

Accepted Answer

The answer of Procurement methods have considerable impact on...............
A)Product pricing
B)Inventory...

Question 17

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

Accepted Answer

AITS stands for Automated Inventory Tracking System, which is a system designed to automatically track inventory levels, orders, sales, and deliveries.

Quiz 1: Understanding Supply Chain Management: Logistics and Operations

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

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

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

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

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

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

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

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

The most common form of quality control includes:

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

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

A type of logistics costing

Supply chain management is increasingly difficult and complex due to:

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

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

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

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