SSC Mock Test 1

Organizations less familiar with the discipline of project management usually begin by creating task forces or committees within each role to tackle the problem, known as:

Procurement Manager

Procedural structure

Performance management

Functional Structure

Correct! Wrong!

The purpose of supply chain management is

provide customer satisfaction

improve quality of a product

increase production

integrating supply and demand management

Correct! Wrong!

The inventory reporting measures format is typically presented in which of the following way?

Week supply

Average aggregate Inventory

All the above

Inventory turn over ratio

Correct! Wrong!

The terms purchasing and procurement should not be seen as synonymous. As such, which of the following statements do you think has the greatest validity?

Procurement is broadly equivalent to purchasing

None of the above

Purchasing has a broader meaning than procurement

Procurement has broader meaning than Purchasing

Correct! Wrong!

The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as _____________________________.

None of the above

Reverse Logistic

Switch state art logistic

Multichannel logistic

Correct! Wrong!

Which of the following refers to the forecasting method that utilizes opinions gathered from people?

SWOT (Strengths, weaknesses, opportunities, threats)

Spend analysis

Delphi technique

Monte Carlo simulation

Correct! Wrong!

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

Supply

Transport

Distribution

Demand

Correct! Wrong!

Which of the following is the MOST effective method for negotiating with the sole supplier of a unique item?

Adversarial negotiations

Price comparison negotiations

Cost analysis negotiation

Price analysis negotiations

Correct! Wrong!

Which of the following is traditionally the MOST common form of payment for international business-to-business transactions?

Procurement card or credit card

Letter of credit

Net 30 via check

Prepayment via wire transfer

Correct! Wrong!

Which of the following is NOT the type of statement of work (SOW)?

Level of effort Sow

Project SOW

Design SOW

Performance SOW

Correct! Wrong!

Supply management is involved in projects at the planning stage through source solicitation planning and selection.

FALSE

TRUE

Correct! Wrong!

A supply management professional requested proposals from four suppliers. Before any proposal was received, the project engineering department changed the project scope, which resulted in a change of specifications. What should the supply professional do FIRST?

Call an interim pre-bid meeting to discuss and clarify new specifications.

Ensure that the process is properly documented by writing a letter to each supplier advising of a change in specification, advising how long it would take for the suppliers to receive new specifications, and asking each supplier to respond immediately if additional time would be required to respond.

Call and email each supplier to advise of a change in specification, advising how long it would take for the suppliers to receive new specifications, and asking each supplier to respond immediately if additional time would be required to respond.

Ensure that all involved clearly understand the project by preparing and distributing another complete request for proposal (RFP) package to each supplier

Correct! Wrong!

The demand forecast for all products and services then is used to create a________________, which breaks down all labor and material requirements, usually by quarter.

Scheduling forecast

Aggregate Plan

Aggregate Forecast

Top- down strategy

Correct! Wrong!

Contract statement of work is the output of which process group?

Organizing

Closing

Monitoring

Planning

Correct! Wrong!

When using the FOB delivery clause, which of the following responsibilities and rights are true?

Buyers take costs and responsibility quite literally from the factory gate.

Seller transfers the goods to the buyer before the goods actually gone over the side of the ship.

Seller has to deliver the goods in the importer’s country at a named place.

Seller is responsible for all costs and responsibilities for goods until they are put on board a ship or aircraft.

Buyer takes on the risks of loss or deterioration of goods or the costs caused by transit.

Correct! Wrong!

Which of the following is true for supply chain management?

The physical material moves in the direction of the end of chain

Exchange of information moves in both the direction

Flow of cash backwards through the chain

All of the above

Correct! Wrong!

To reduce inventory management costs, many companies use a system called ________, which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.

just-in-time logistics

supply chain management

reduction-inventory management

economic order quantity

Correct! Wrong!

A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:

Continuous Inventory check

Inventory turn around ratio

All the above

Cycle counting

Correct! Wrong!

Which of the following is NOT the type of budget that the supply management budget includes?

Maintenance budget

Expense budget

Capital budget

Purchase material

Correct! Wrong!

Due to the small changes in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as __________________.

Bullwhip effect

Reverse logistics

Reverse supply chain

Netchain analysis

Correct! Wrong!

"Quality is defined by the customer" is:

A product-based definition of quality

A manufacturing-based definition of quality

An unrealistic definition of quality

A user-based definition of quality

Correct! Wrong!

The amount of inventory kept at each stock point in a warehouse network is usually based on:

Tradeoffs between warehousing, inventory, and transportation costs

Minimizing transportation costs

Product pricing strategy

Constant demand

Correct! Wrong!

A supply chain is essentially a sequence of linked:

warehousing and wholesaling units

suppliers and customers

customer and prospects

supplier and manufacturer

Correct! Wrong!

A solicitation document used to obtain price quotes for a specified product or service is known as:

Temptation for bid

Invitation for Bid

Cost summons

Correct! Wrong!

The major decision areas in supply chain management are _______________________________________________.

location, production, distribution, inventory

location, production, distribution, marketing

location, production, scheduling, inventory

planning, production, distribution, inventory

Correct! Wrong!

According to the supply management, one of the most useful ways to develop______________ is, to begin with, an inventory report listing all items in descending order of dollar spent.

Slope classification

Gradient classification

ABC classification

Top down classification

Correct! Wrong!

Six Sigma can BEST be described as:

A system of strategically placed quality inspection steps to ensure discrepant parts are not passed on to the next operation.

A quality management program with a goal of less than 3.4 defects per million parts and an outstanding commitment to quality.

Standards and guidelines primarily concerned with quality management or what the organization does to fulfill the customer’s quality requirements.

A management function that includes establishing specifications that can be met, using suppliers that can provide adequate quality and developing the means to measure quality.

Correct! Wrong!

Incoterms can BEST be described as a uniform set of rules:

To clarify the costs, risk and obligations of supply managers and suppliers in international commercial transactions.

In which examples of bribery and other corrupt practices are defined and delineated

In which negotiations are standardized in international commerce.

In which items that are restricted from international trade are determined.

Correct! Wrong!

Fulfillment of an immediate need, typically of a commoditized item for which it is less important to know the credibility of the supplier is an example of

Spot sourcing

MRO sourcing

Systematic sourcing

E-procurement

Correct! Wrong!

An intermediary who brings the buyer and the seller together is the:

Dealer

Public surplus

Broker

Consolidator

Correct! Wrong!

SOURCING AND SUPPLY CHAIN

WE EMPOWER SCM COMMUNITY

SSC Mock Test 1

Organizations less familiar with the discipline of project management usually begin by creating task forces or committees within each role to tackle the problem, known as:

The purpose of supply chain management is

The inventory reporting measures format is typically presented in which of the following way?

The terms purchasing and procurement should not be seen as synonymous. As such, which of the following statements do you think has the greatest validity?

The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as _____________________________.

Which of the following refers to the forecasting method that utilizes opinions gathered from people?

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

Which of the following is the MOST effective method for negotiating with the sole supplier of a unique item?

Which of the following is traditionally the MOST common form of payment for international business-to-business transactions?

Which of the following is NOT the type of statement of work (SOW)?

Supply management is involved in projects at the planning stage through source solicitation planning and selection.

A supply management professional requested proposals from four suppliers. Before any proposal was received, the project engineering department changed the project scope, which resulted in a change of specifications. What should the supply professional do FIRST?

The demand forecast for all products and services then is used to create a________________, which breaks down all labor and material requirements, usually by quarter.

Contract statement of work is the output of which process group?

When using the FOB delivery clause, which of the following responsibilities and rights are true?

Which of the following is true for supply chain management?

To reduce inventory management costs, many companies use a system called ________, which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.

A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:

Which of the following is NOT the type of budget that the supply management budget includes?

Due to the small changes in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as __________________.

"Quality is defined by the customer" is:

The amount of inventory kept at each stock point in a warehouse network is usually based on:

A supply chain is essentially a sequence of linked:

A solicitation document used to obtain price quotes for a specified product or service is known as:

The major decision areas in supply chain management are _______________________________________________.

According to the supply management, one of the most useful ways to develop______________ is, to begin with, an inventory report listing all items in descending order of dollar spent.

Six Sigma can BEST be described as:

Incoterms can BEST be described as a uniform set of rules:

Fulfillment of an immediate need, typically of a commoditized item for which it is less important to know the credibility of the supplier is an example of

An intermediary who brings the buyer and the seller together is the:

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Author: Chirag Kalaria

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Organizations less familiar with the discipline of project management usually begin by creating task forces or committees within each role to tackle the problem, known as:

The purpose of supply chain management is

The inventory reporting measures format is typically presented in which of the following way?

The terms purchasing and procurement should not be seen as synonymous. As such, which of the following statements do you think has the greatest validity?

The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as _____________________________.

Which of the following refers to the forecasting method that utilizes opinions gathered from people?

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

Which of the following is the MOST effective method for negotiating with the sole supplier of a unique item?

Which of the following is traditionally the MOST common form of payment for international business-to-business transactions?

Which of the following is NOT the type of statement of work (SOW)?

Supply management is involved in projects at the planning stage through source solicitation planning and selection.

A supply management professional requested proposals from four suppliers. Before any proposal was received, the project engineering department changed the project scope, which resulted in a change of specifications. What should the supply professional do FIRST?

The demand forecast for all products and services then is used to create a________________, which breaks down all labor and material requirements, usually by quarter.

Contract statement of work is the output of which process group?

When using the FOB delivery clause, which of the following responsibilities and rights are true?

Which of the following is true for supply chain management?

To reduce inventory management costs, many companies use a system called ________, which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.

A physical stock checking system in which the inventory is divided into groups that are physically counted at predetermined intervals is called:

Which of the following is NOT the type of budget that the supply management budget includes?

Due to the small changes in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as __________________.

"Quality is defined by the customer" is:

The amount of inventory kept at each stock point in a warehouse network is usually based on:

A supply chain is essentially a sequence of linked:

A solicitation document used to obtain price quotes for a specified product or service is known as:

The major decision areas in supply chain management are _______________________________________________.

According to the supply management, one of the most useful ways to develop______________ is, to begin with, an inventory report listing all items in descending order of dollar spent.

Six Sigma can BEST be described as:

Incoterms can BEST be described as a uniform set of rules:

Fulfillment of an immediate need, typically of a commoditized item for which it is less important to know the credibility of the supplier is an example of

An intermediary who brings the buyer and the seller together is the:

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Author: Chirag Kalaria

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