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QUIZ 1: 10 Minutes

This document contains a 12 question quiz about supply chain management concepts. The questions cover topics like forecasting methods, inventory management, third party logistics, key challenges in supply chain management, and the meaning of "green supply chain." The correct answers to each multiple choice question are provided at the end.

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126 views3 pages

QUIZ 1: 10 Minutes

This document contains a 12 question quiz about supply chain management concepts. The questions cover topics like forecasting methods, inventory management, third party logistics, key challenges in supply chain management, and the meaning of "green supply chain." The correct answers to each multiple choice question are provided at the end.

Uploaded by

karansangar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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QUIZ 1 : 10 Minutes

1. In exponential forecasting, the value of , the smoothing co-efficient is high when a. The product has a stable demand b. The product is seasonal c. The product exhibits a positive trend in demand d. The product has highly fluctuating demand 2. Statement 1 : Forecasting is not required in a BTO (Build to Order) system. Statement 2 : Forecasting is required in a BTO (Build to Order) system a. Statement 1 is true but not Statement 2 b. Statement 2 is true but not Statement 1 c. Both the Statements 1 and 2 are true d. Both the Statements and 2 are false 3. Consider two companies A&B which are manufacturing and selling the same product. Some of the important operating figures are given.

Sl No Performance Measure Company A Company B 1 Annual Sales 300 200 2 Gross Profit Margin 0.2 0.15 3 Aggregate inventory 80 60 a(All figures are in Million Rs) On the inventory front a. Company A is better than Company B b. Company B is better than Company A c. Both the companies are performing equally well d. You cannot assess the Inventory performance of the companies from the given data 4. A Static Inventory Model refers to a. Inventory Management of Items whose price is relatively stable b. Inventory management of Fixe items (non-moving items) c. Inventory Management of Items where replenishment is not possible d. Inventory Management of items whose demand is dependent some other item 5. While using a simple EOQ model for computation of ordering quantity, you got the answer as 344.8. If the supplier insists that you can order only in multiples of 10, you will order a. 340 b. 350 c. It doesnt matter whether you order either 340 or 350 d. None of the above 6. If the number of SKUs (stock keeping units) are reduced, then total inventory required for providing same level of service a. Will increase because of improvement in aggregate sales levels b. Will increase because of reduction in forecasting accuracy

c. Will reduce because of reduction in aggregate sales levels d. Will reduce because of improvement in forecasting accuracy 7. Which of the following product promotional activities may not create problems and inefficiencies in the supply chain a. A three for price of two promotion b. A sample of a complimentary product c. Price promotions that expire on a specific date d. An every day low pricing strategy where prices are not dependent on quantity delivered with a specific order 8. By using a Third Party Logistics for transferring the goods in the supply chain a. Reduce the cost of transportation b. Increase the frequency of delivery c. Reduce the responsiveness to customer demand d. None of the above 9. One of the most important and challenging area of focus in Supply Chain Management is a. Reduction of transportation cost b. Increasing customer satisfaction c. Reducing service delivery time d. Achieving global optimisation among the chain partners 10. The strength of a supply chain is mainly dependent on a. Worst Performing of a member in the chain b. The number of entities in the chain c. The geographical dispersion of the chain d. Extent of usage of Technology within and among the chain partners 11. Which of the following challenges of todays business is not generally addressed by Supply Chain Management a. Customer demand for customised products b. Customer demand for faster services c. Customer demand for reduction in product/service price d. Customer demand for providing product warranties 12. Green Supply Chain is the term used to indicate a. A Supply Chain of Agricultural products b. A Supply Chain where all chain partners follow environmentally friendly policies c. A reverse supply chain or a supply chain to bring back used goods from the customer premises d. there is nothing called Green Supply Chain

Answers
1.c 2.b 3.a 4.c 5.b 6.d 7.d 8.b 9.d 10.a 11.d 12.c

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