SSC MOCK TEST 2

When defining the 5 rights of procurement and supply we should consider: Quality, Quantity, ________________, Source and Price.

Time

Target

Tally

Tangent

Correct! Wrong!

The management of an effective supply chain requires the coordination of a wide range of activities which include _______________.

inbound logistics (e.g. purchasing and material releasing, inbound transportation, receiving, materials handling)

operations (e.g. inventory control and management, demand and supply planning, production planning).

all of the above.

outbound logistics (e.g. warehousing and distribution, outbound transportation)

Correct! Wrong!

Which of the following is true for supply chain management?

All of the above

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

Flow of cash backwards through the chain

Exchange of information moves in both the direction

Correct! Wrong!

Rahul is a sourcing manager for a consumer electronics manufacturing company. His company is developing a new product that they expect will change the industry, and Davis wants to engage suppliers in the product development cycle. Which of the following includes the items MOST important when involving suppliers in the development cycle?

Confidentiality agreements, Ownership of Intellectual Property (IP), Risk, Production Capacity and Cycle time are important.

Price, Quality and Delivery are important

Confidentiality agreements are essential.

Confidentiality agreements, Production Plans and Pricing are important.

Correct! Wrong!

A company plans to hire a consulting firm to implement a new employee benefits Web site. Which of the following is MOST appropriate for this contract?

Cost plus pricing

Market based pricing

Time and material pricing

Loss leader pricing

Correct! Wrong!

Master schedule is prepared for ______________.

Single product batch production

Multi product batch production

Single product continuous production

Assembly product continuous production

Correct! Wrong!

Supply chain management is essentially the optimization of material flows and associated information flows involved with an organization's operations. To manage these flows, e-business applications are essential to bringing such benefits as noted in 'Internet retailing' in 2010 which reported that the average rates of return to a high street retailer could be as high as 10%. What did the same source report as the average rate of return for UK e-commerce sites?

18

22

12

15

Correct! Wrong!

What is used to establish a relationship between the cost, schedule, and technical aspects of a project?

Earned Value management System

Key Performance indicator systems

Cost Lead System

Resource management system

Correct! Wrong!

Logistics is an integral part of supply chain management. Which explanation best represents outbound logistics?

An emphasis on using the supply chain to deliver value to customers who are actively involved in product and service specification

The management of material resources entering an organization from its suppliers and other partners

A supply chain that emphasizes distribution of a product to passive customers

The management of resources supplied from an organization to its customers and intermediaries

Correct! Wrong!

Which of the following descriptions best describe the role of a supply chain?

The role varies based on the nature of the environment, but can include sourcing, production, marketing, sales, after-sales service, and the acceptance of risk and responsibility for the product

The logistics of an organization's distribution strategy

The role varies based on the nature of the environment, but can include physical ownership, payment collection, and the inclusion of after-sales service, but never involves risk or responsibility for the product.

Physical distribution and payment collection

Correct! Wrong!

Which of the following is true for ‘Routing’?

Route sheets include list of machine tools that are to be followed

It depends upon material handling facilities

All of the above

It is flow of work in the plant

Correct! Wrong!

Which of the following is NOT effective communication of acceptance of an offer?

Conduct of the contract

Deviation (which is a quicker form) from the method stipulated in the offer

Outward evidence of the offeree's intention to accept

Silence

Correct! Wrong!

Dispatching authorizes the start of production operations by ______________________. 1. Release of material and components from stores to the first process 2. Release of material from process to process 3. Issue of drawings instruction sheets Which of the following is (are) true?

1,2 and 3

Only 2

Only 1

1 and 2

Correct! Wrong!

Operations generated forecasts often not to do with

Resource needs

Time requirements

Sales

Inventory requirements

Correct! Wrong!

In order to ensure value for money organizations must strive for _____________________________________.

inventory management

short supply chains

efficient and effective administration

timely delivery

Correct! Wrong!

There are various methods to reduce the cost of production, except _______________

increase in production output

maintaining maximum inventory levels

reduction in number of rejections

producing standardized products

Correct! Wrong!

Which of the following is not a part of Five M’s?

Machine

Motion

Material

Method

Correct! Wrong!

Which of the following are the three types of supplier audits?

System audit, Process audit, Product audit

Performance audit, Process audit, Timely audit

System audits, Performance audits and Product audit

Business audit, Performance audit, Product audit

Correct! Wrong!

Jack works for a company that buys in diamonds and creates jewelry. In which sector is Jack employed?

Secondary

Primary

Quaternary

Tertiary

Correct! Wrong!

The sequence of a typical manufacturing supply chain is _____________________________.

Supplier–Storage-Manufacturing–Storage– Retailer–Distributor–Customer

Supplier–Storage-Manufacturing–Storage–Distributor–Retailer–Customer

Supplier–Storage-Manufacturing– Distributor–Storage–Retailer–Customer

Storage–Supplier–Manufacturing–Storage–Distributor–Retailer–Customer

Correct! Wrong!

Which of the following statements about the selection of an intermediary would be typically TRUE in respect of the distribution of fast-moving consumer goods?

Market coverage and approach to order processing and fulfilment are important but the depth and width of lines carried by the intermediary and whether or not competitor lines are carried is irrelevant.

Market coverage, approach to order processing and fulfillment and whether or not competitor lines are carried by the intermediary are important, but the depth and width of lines carried are irrelevant.

Market coverage, approach to order processing and fulfillment, and the depth and width of lines carried by the intermediary are important, but it is irrelevant whether or not competitor lines are carried.

Market coverage, approach to order processing and fulfillment, the depth and width of lines carried and whether or not competitor lines are carried by the intermediary are all important factors.

Correct! Wrong!

Which of the following is a definition of the term ‘supply chain’?

The way in which information passes from user to procurement to supplier

The network of organisations and activities involved with the flow and transformation of goods

The range of suppliers used by a procurement organization

The types, frequency and organisation of deliveries to the end user

Correct! Wrong!

Calculate four periods moving average forecast from the last six periods?

42

40

43

41

Correct! Wrong!

Which of the following refers to the process of identifying elements or factors that could lead to injury, loss, damage, or failure?

Risk mitigation

Risk pooling

Risk analysis

Risk management

Correct! Wrong!

The supply management professional may use which means to resolve the logical conflicts?

All the above

Litigation

Acceptance

Negotiation

Correct! Wrong!

Brunswick Manufacturing commodity manager Lew Kennedy had worked on a large request for quotation (RFQ) for printed circuit boards for the past seven months. Brunswick was in the process of developing a new tool for semiconductor processing that could revolutionize the semiconductor manufacturing process and bring Brunswick a significant market share. All work surrounding this cross-functional product development team effort had been highly confidential. However, in a meeting with the potential winning supplier, Kennedy saw that the supplier had revised prints that had not been formally released. When asked, the supplier said that they had received the prints, as well as proprietary operating data, from Brunswick’s engineering team. What should Kennedy do? What are applicable?

Ask for the offending engineer’s resignation.

Have the supplier with the confidential documentation sign a non-disclosure agreement.

Terminate the RFQ because one potential supplier seemed to have an unfair advantage.

Correct! Wrong!

The short term regular variations related to the calendar or time of day is known as

Trend

Cycles

Seasonality

Randon variances

Correct! Wrong!

The task of exercising control over the incoming raw materials and the outgoing finished products is usually known as ____________.

Process control

Quality control

All of the above

Acceptance sampling

Correct! Wrong!

Which of the following types of contracts is LEAST desirable from the buyer’s perspective?

Cost sharing

Cost plus a percentage of cost

Cost plus award fee

Cost plus a fixed fee

Correct! Wrong!

A measure of the velocity of total inventory movement through the organization, found by dividing annual sales by the average aggregate inventory value maintained during the year is called

Inventory return

Inventory turn over

Inventory proceed

Inventory Yield

Correct! Wrong!

SOURCING AND SUPPLY CHAIN

WE EMPOWER SCM COMMUNITY

SSC MOCK TEST 2

When defining the 5 rights of procurement and supply we should consider: Quality, Quantity, ________________, Source and Price.

The management of an effective supply chain requires the coordination of a wide range of activities which include _______________.

Which of the following is true for supply chain management?

A company plans to hire a consulting firm to implement a new employee benefits Web site. Which of the following is MOST appropriate for this contract?

Master schedule is prepared for ______________.

What is used to establish a relationship between the cost, schedule, and technical aspects of a project?

Logistics is an integral part of supply chain management. Which explanation best represents outbound logistics?

Which of the following descriptions best describe the role of a supply chain?

Which of the following is true for ‘Routing’?

Which of the following is NOT effective communication of acceptance of an offer?

Dispatching authorizes the start of production operations by ______________________. 1. Release of material and components from stores to the first process 2. Release of material from process to process 3. Issue of drawings instruction sheets Which of the following is (are) true?

Operations generated forecasts often not to do with

In order to ensure value for money organizations must strive for _____________________________________.

There are various methods to reduce the cost of production, except _______________

Which of the following is not a part of Five M’s?

Which of the following are the three types of supplier audits?

Jack works for a company that buys in diamonds and creates jewelry. In which sector is Jack employed?

The sequence of a typical manufacturing supply chain is _____________________________.

Which of the following statements about the selection of an intermediary would be typically TRUE in respect of the distribution of fast-moving consumer goods?

Which of the following is a definition of the term ‘supply chain’?

Calculate four periods moving average forecast from the last six periods?

Which of the following refers to the process of identifying elements or factors that could lead to injury, loss, damage, or failure?

The supply management professional may use which means to resolve the logical conflicts?

The short term regular variations related to the calendar or time of day is known as

The task of exercising control over the incoming raw materials and the outgoing finished products is usually known as ____________.

Which of the following types of contracts is LEAST desirable from the buyer’s perspective?

A measure of the velocity of total inventory movement through the organization, found by dividing annual sales by the average aggregate inventory value maintained during the year is called

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Author: Chirag Kalaria

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When defining the 5 rights of procurement and supply we should consider: Quality, Quantity, ________________, Source and Price.

The management of an effective supply chain requires the coordination of a wide range of activities which include _______________.

Which of the following is true for supply chain management?

A company plans to hire a consulting firm to implement a new employee benefits Web site. Which of the following is MOST appropriate for this contract?

Master schedule is prepared for ______________.

What is used to establish a relationship between the cost, schedule, and technical aspects of a project?

Logistics is an integral part of supply chain management. Which explanation best represents outbound logistics?

Which of the following descriptions best describe the role of a supply chain?

Which of the following is true for ‘Routing’?

Which of the following is NOT effective communication of acceptance of an offer?

Dispatching authorizes the start of production operations by ______________________. 1. Release of material and components from stores to the first process 2. Release of material from process to process 3. Issue of drawings instruction sheets Which of the following is (are) true?

Operations generated forecasts often not to do with

In order to ensure value for money organizations must strive for _____________________________________.

There are various methods to reduce the cost of production, except _______________

Which of the following is not a part of Five M’s?

Which of the following are the three types of supplier audits?

Jack works for a company that buys in diamonds and creates jewelry. In which sector is Jack employed?

The sequence of a typical manufacturing supply chain is _____________________________.

Which of the following statements about the selection of an intermediary would be typically TRUE in respect of the distribution of fast-moving consumer goods?

Which of the following is a definition of the term ‘supply chain’?

Calculate four periods moving average forecast from the last six periods?

Which of the following refers to the process of identifying elements or factors that could lead to injury, loss, damage, or failure?

The supply management professional may use which means to resolve the logical conflicts?

The short term regular variations related to the calendar or time of day is known as

The task of exercising control over the incoming raw materials and the outgoing finished products is usually known as ____________.

Which of the following types of contracts is LEAST desirable from the buyer’s perspective?

A measure of the velocity of total inventory movement through the organization, found by dividing annual sales by the average aggregate inventory value maintained during the year is called

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Author: Chirag Kalaria

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