SSC QUICK QUIZ 01

Supply Chain is gaining traction in the time of pandemic and everyone is looking at to gain knowledge on Supply Chain or making a career in Supply Chain.

Quizzes are always to be proven as the best tool to test the knowledge with the feel of the game and improve the objective knowledge base of players who are going to attempt the same.

SSC invites you to test your knowledge in quick quiz 01. Take a quick quiz and check out where you stand in the function knowledge. All the best!

This is a timed quiz. You will be given 675 seconds to answer all questions. Are you ready?

675

What is this? A production planning method that maintains a stable production rate while varying the inventory levels to meet demand?

Make-to-order

Portfolio Strategy

Make-to-stock

Level Strategy

Correct! Wrong!

The process of having suppliers provide goods and services that were previously provided internally. What is this called?

Outsourcing

Value Stream

Product Life Cycle Management

Sourcing

Correct! Wrong!

Supply Chain Resilience

The functions within the company that add value to the goods and services that the organization sells to customers and for which it received payment.

The ability of a supply chain to anticipate, create plan to avoid or mitigate, and/or to recover from disruptions to supply chain functionality.

A lean production tool to visually understand the flow of materials from supplier to customer that includes the current process and flow as well as the value added and non-value-added time of all the process steps. Used to lead to reduction of waste, decrease flow time, and make the process more efficient and effective.

A computer application system designed to manage transportation operations. These systems typically offer modules focused on specific functions, such as intermodal transportation, import/export management, fleet service management, and load planning and optimization.

Correct! Wrong!

Joint Replenishment System

Coordinating the lot sizing and order release decision for related items and treating them as a family of items. The objective is to achieve lower costs because of ordering, setup, shipping and quantity discount economies. This term applies equally to joint ordering (family contracts) and to composite part (group technology) fabrication scheduling.

Projection of the proportion of the products that will be sold within a given product family, or the proportion of the options offered within a product line. Product and option mix as well as aggregate product families must be projected. Even though the appropriate level of units is forecasted for a given product line, an inaccurate projection can create material shortages and inventory problems.

The systematic gathering, recording, and analysing of data about problems relating to the marketing of goods and services. Such research may be undertaken by impartial agencies or by business firms or their agents. It includes several types: 1) Market Analysis (Product potential is a type) is the study of the size, location, nature and characteristics of markets. 2) Sales Analysis (or research) is the systematic study and comparison of sales (or consumption) data 3) Consumer research (motivation research is a type) is concerned with the discovery and analysis of consumer attitudes, reactions and preferences.

Basic costs of carrier operation to move a container of freight, including driver’s wages and usage depreciation. These vary with the cost per mile, the distance shipped, and the weight moved.

Correct! Wrong!

What is this: An online trading exchange that enables both information integration and collaboration between multiple trading partners?

Horizontal Marketplace

Virtual Trading Exchange

Correct! Wrong!

Harmonized tariff schedule

When the on-hand quantity is within allowed tolerance of the recorder balance. This important metric usually is measured as the percent of items with stock levels tht fall within tolerance Target values usually are 95 percent to 99 percent, depending on the value of the item.

Terms created to simplify international transactions

This is the mechanism by which international tariffs are standardized in each country. Importers and exporters must classify all goods moved across international borders using the system of the country of import.

The demand for an item that is unrelated to the demand for the other items. Examples include for finished goods, parts required for destructive testing, and services part requirement.

Correct! Wrong!

Demand Shaping

1. A statement of long-range strategy and revenue, cost and profit objectives usually accompanied by budgets, a projected balance sheet, and a cash flow (source and applications of funds) statement. Usually stated in terms of dollars and grouped by product family. It is then translated into synchronized tactical functional plans through the production planning process (or the sales and operations planning process).,2. A document consisting of the business details (organization, strategy, and financing tactics) prepared by an entrepreneur to plan for a new business.

The practice of using 4 Ps (Product, Pricing, Placement and Promotion) and other market variables to influence the demand of a product or service so that the demand better matches the available supply.

A database management term used in the context of relational databases which helps to minimize the duplication of information or safeguard the database against certain types of logical or structural data anomalies. It is often used when merging data from one or more databases.

A product development approach that involves the manufacturing function in the initial stages of product design to ensure ease of manufacturing and assembly.

Correct! Wrong!

Model of how the organization operates regarding information. What is this called?

Value Added Market

Information System Architecture

Intranet

Continuous Replenishment

Correct! Wrong!

Inventory in the transportation network and the distribution system, including the flow through intermediate stocking points. What is this called?

Fluctuation Inventory

Pipeline Inventory

Distribution Inventory

Correct! Wrong!

A computer application system designed to manage transportation operations. What is this called?

Keiretsu

Data Normalization

Transportation Management System

Income Statement

Correct! Wrong!

What is this? A relationship formed by two or more organization that share information (proprietary), participate in joint investments, and develop linked or common processed to increase the performance of both companies?

Data Warehouse

Strategic Alliance

Waste Hierarchy

Seasonality

Correct! Wrong!

Simplification of parts and processes to improve the after-sale service of a product. What is this called?

Design for Manufacturability

Design for maintainability

Design for the supply chain

Design for Service

Correct! Wrong!

A method of just-in-time production that uses standard containers or lot sizes with a single card attached to each. What is This Called?

Keiretsu

Kanban

Intrinsic Forecast Method

Risk Pooling

Correct! Wrong!

Software-as-a-service

Software used for replenishment strategy in which the supplier prepares shipments at predetermined intervals and varies the quantity based on the recent sales data. Sales data may supplied via a point of sale system.

A complete supply chain dedicated to the reverse flow of product and materials for the purpose of returns, repair, remanufacture and / or recycling.

Computer services are provided by a third party that keeps all of the software and hardware in its place of business and the company using the services accesses them via the internet.

Software used to track net income for the previous 12 months and total assets

Correct! Wrong!

Simplification of parts, products, and processes, to improve the quality and reduce manufacturing costs. What is this called?

Design for Maintainability

Design for Manufacturability

Design for the Supply Chain

Design for Service

Correct! Wrong!

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