SSC MOCK TEST 2

Which of the following is true for supply chain management?

All of the above

Flow of cash backwards through the chain

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

Exchange of information moves in both the direction

Correct! Wrong!

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

Trend

Randon variances

Seasonality

Cycles

Correct! Wrong!

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

Material

Motion

Machine

Method

Correct! Wrong!

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

Cost plus a fixed fee

Cost plus award fee

Cost sharing

Cost plus a percentage of cost

Correct! Wrong!

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

Resource management system

Key Performance indicator systems

Cost Lead System

Earned Value management System

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 analysis

Risk management

Risk pooling

Correct! Wrong!

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

Tangent

Tally

Target

Time

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 are essential.

Confidentiality agreements, Production Plans and Pricing are important.

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

Price, Quality and Delivery are important

Correct! Wrong!

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

producing standardized products

reduction in number of rejections

increase in production output

maintaining maximum inventory levels

Correct! Wrong!

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

42

41

43

40

Correct! Wrong!

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

Acceptance

Negotiation

All the above

Litigation

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 turn over

Inventory return

Inventory Yield

Inventory proceed

Correct! Wrong!

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

Silence

Outward evidence of the offeree's intention to accept

Conduct of the contract

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

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 are the three types of supplier audits?

Business audit, Performance audit, Product audit

System audit, Process audit, Product audit

Performance audit, Process audit, Timely audit

System audits, Performance audits and Product audit

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.

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

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

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?

15

22

12

18

Correct! Wrong!

Master schedule is prepared for ______________.

Multi product batch production

Single product batch production

Single product continuous production

Assembly product continuous production

Correct! Wrong!

Operations generated forecasts often not to do with

Resource needs

Time requirements

Inventory requirements

Sales

Correct! Wrong!

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

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

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

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

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

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?

Market based pricing

Time and material pricing

Cost plus pricing

Loss leader pricing

Correct! Wrong!

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

Primary

Tertiary

Quaternary

Secondary

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, 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 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, the depth and width of lines carried and whether or not competitor lines are carried by the intermediary are all important factors.

Correct! Wrong!

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

All of the above

Acceptance sampling

Process control

Quality control

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?

Only 1

Only 2

1,2 and 3

1 and 2

Correct! Wrong!

The sequence of a typical manufacturing supply chain is _____________________________.

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

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

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

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

Correct! Wrong!

Which of the following is true for ‘Routing’?

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

It is flow of work in the plant

It depends upon material handling facilities

All of the above

Correct! Wrong!

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

short supply chains

inventory management

timely delivery

efficient and effective administration

Correct! Wrong!

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

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

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

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!

SOURCING & SUPPLY CHAIN

WE EMPOWER SCM COMMUNITY

SSC MOCK TEST 2

Which of the following is true for supply chain management?

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

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

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

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

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

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

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

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

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

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

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

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

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

Master schedule is prepared for ______________.

Operations generated forecasts often not to do with

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

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?

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

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?

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

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?

The sequence of a typical manufacturing supply chain is _____________________________.

Which of the following is true for ‘Routing’?

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

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

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

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Author: Chirag Kalaria

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Which of the following is true for supply chain management?

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

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

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

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

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

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

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

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

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

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

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

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

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

Master schedule is prepared for ______________.

Operations generated forecasts often not to do with

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

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?

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

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?

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

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?

The sequence of a typical manufacturing supply chain is _____________________________.

Which of the following is true for ‘Routing’?

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

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

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

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Author: Chirag Kalaria

Leave a ReplyCancel reply