Advanced Supply Chain Management

Question 1 Main Limitation of Mass production is the wide range of product verity True False Question 2 In Just-in-time inventory, Inventory is kept its minimum, only replenish as it is used True False Question 3 Lean planning mainly applies to situation where demand is unpredictable, replenishment lead time is short True False Question 4 Principles of Lean Consumptions provide what’s wanted where its wanted exactly when its wanted True False Question 5 Customer service dimension is characterized in a supply chain is delivery reliability and responsiveness. True False Question 6 Contemporary third-party logistics has existed since about 1975 True False Question 7 There are always predictable but inevitable changes in supply chain relationships. True False Question 8 The increased demand fluctuation, and global market competition are not very common in today’s supply chain. True False Question 9 Products with very short life cycles require innovation and short production lead times. True False Question 10 Enhanced communications across organizations in a supply chain is only dependent on the technological capabilities of the organizations. True False Question 11 What is the best statement that describes synchronized collaboration? It is better than any other collaborations Only defense industry can have this type of collaboration It requires more information sharing among partners VMI is an example of mutual collaboration It has very high level of collaboration but only in few areas Question 12 What is not a source of supply chain uncertainty? Weather Earthquake Machine breakdown Concept design Politics Question 13 Who is in charge of inventory decision making in VMI? Vendor Retailer Both first and second answers Neither Customer Question 14 Which one is not a roadblock to EDI implementation? Security Compatibility Reliable data Required infrastructure Cost of VAN Question 15 Which one has minimal impact on reverse logistics? Corporate civic responsibility Business vision Cost of reverse logistics A ban on disposals New environmental regulations Question 16 Which one activity has the profound impact on reverse logistics operation? Refurbish Gate keeping Re sell Transport Recycle Question 17 A ____________ encompasses all activities associated with the flow and transformation of goods from the raw material stage, through to the end user, as well as the associated information flows. Production line Supply chain Marketing channel Warehouse None of the above Question 18 The correct sequence of an organization’s supply chain from a systems perspective is: Delivery to customers, acquisition of resources, transformation process Transformation process, delivery to customers, acquisition of resources Transformation process, acquisition of resources, delivery to customers Acquisition of resources, transformation process, delivery to customers None of the above Question 19 Characteristics of good measures of logistics are all but Quantitative Invisible Easily understandable Multidimensional Measures customer expectations Question 20 Typically, which one of the following life cycle phases has the most influence on the overall system? Manufacturing Operations Retirement Detailed Design Requirements definition Question 21 Supportability includes all of the following except Inventory analysis Operator task analysis Investment analysis Maintenance task analysis Reparability analysis Question 22 The typical aim of the push approach to supply chain management is: To reduce costs of distribution To enhance product and service quality To reduce costs of new product development Both the first and third answer above None of the above Question 23 A good requirement analysis should not have Fixed problem statement Ambiguous problem statement Any product requirements Solutions at the end Many alternatives to analyze Question 24 Mature design is the one that Matures over time Meets customer requirements only Is ready to view by QC people Is the best design Has met all requirements and is tested, verified & validated Question 25 An organization’s ability to respond to changes in demand with respect to volume and variety refers to ___________. Responsiveness Leanness Agility Relevancy Just-in-time Question 26 What is not an advantage of a vendor if VMI is in place with its retailers? Lower inventory cost Better market information Closer ties with the retailers Better scheduling & planning Improved control Question 27 There are a number of key influences on the selection of distribution strategy. Which of the following is generally recognized as a key influence? Buyer behavior Producer’s needs Product type Product price All of the above Question 28 A supply chain system that buys ingredients with cash, manufactures products (3 days production time), and then sells to individual customers. What value of the following “cash to cash cycle time” is better for this company? 4 days 1 week 2 weeks 1 month 1 year Question 29 For a total customized product, which one of the following production system is appropriate? Make to order Assemble to order Make to stock Engineer to order None of the above Question 30 Better collaboration between design and production is required to improve: System reliability, producibility, testability, Accountability ; Design feasibility Question 1 Describe the ‘Newsvendor model’. How Newsvendor model can be a decision tool to determine the optimal ordering quantity of a product. How you determine the ordering quantity using Z-value and normal distribution parameters, such as (μ, σ)? Show the equation. Question 2 Describe the strength and weakness of any four transportation mode favoring the future business solution. Question 3 How shorter product life cycle can impact on the production process? Explain with an example. Question 4 What is an Intermodal activity? Describe the role of Intermodal Facility in The Global Supply Chain System. Question 5 Warehouse Location Question 6 Process evaluation Question 7 Manufacturing Process