SSC Quick Quiz 01

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.

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.

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.

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

Correct! Wrong!

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

Virtual Trading Exchange

Horizontal Marketplace

Correct! Wrong!

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

Value Added Market

Intranet

Continuous Replenishment

Information System Architecture

Correct! Wrong!

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

Design for the supply chain

Design for maintainability

Design for Service

Design for Manufacturability

Correct! Wrong!

Joint Replenishment System

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.

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.

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.

Correct! Wrong!

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

Make-to-stock

Make-to-order

Level Strategy

Portfolio Strategy

Correct! Wrong!

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

Design for Service

Design for Maintainability

Design for Manufacturability

Design for the Supply Chain

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.

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.

Terms created to simplify international transactions

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!

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

Product Life Cycle Management

Sourcing

Value Stream

Outsourcing

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

Kanban

Intrinsic Forecast Method

Risk Pooling

Keiretsu

Correct! Wrong!

Demand Shaping

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.

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.

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

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.

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

Seasonality

Waste Hierarchy

Strategic Alliance

Correct! Wrong!

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

Transportation Management System

Data Normalization

Income Statement

Keiretsu

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.

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

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.

Correct! Wrong!

SOURCING AND SUPPLY CHAIN

WE EMPOWER SCM COMMUNITY

SSC Quick Quiz 01

Supply Chain Resilience

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

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

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

Joint Replenishment System

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

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

Harmonized tariff schedule

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

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

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?

Demand Shaping

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?

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

Software-as-a-service

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Author: Chirag Kalaria

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