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MITHRA INSTITUTE OF MANAGEMENT STUDIES PVT.LTD- INDIA’S LEADING LOGISTICS & SUPPLY CHAIN MANAGEMENT INSTITUTE
110th, 111th ,112th & 113th Batches Admission Continues for Logistics & Supply Chain Management.
1. What does SCM stand for in the context of business operations?
Answer: C
2. ……………and physical distribution are the two major operations of logistics.
Answer: B
3.Which performance metric measures the number of times inventory is sold or used in a specific period?
Answer: A
4.……………is the task of buying goods of right quality, in the right quantities, at the right time and at the right price.
Answer: B
5.What component of SCM involves converting raw materials into finished products?
Answer: B
6…………is the time that elapses between issuing replenishment order and receiving the material in stores.
Answer: B
7.What is a significant challenge faced by supply chain management in the modern landscape?
Answer: D
8.Which is not a part of basic systems of codifications?
Answer: D
9.What technique aims to strike the balance between carrying costs and stockouts?
Answer: A
10. ……………….includes design and administration of systems to control the flow of materials, WIP and finished inventory to support business unit strategy.
Answer: A
Which method of demand forecasting involves customer surveys and market research?
Answer: D
Which of the following is not a component of 4PL?
Answer: D
13.What is the primary purpose of Demand Planning and Forecasting in SCM?
Answer: A
14.Buying according to the requirements is called …………
Answer: B
15. Which metric measures the percentage of customer orders that are fulfilled on time?
Answer: B
16.Which of the following is not a part of Supply chain Management system?
Answer: D
17.What does ABC analysis classify inventory items Demand based on?
Answer: B
18.The purpose of supply chain management is…………….
Answer: A
What is the primary objective of EDI in supply chain operations?
Answer: A
What aspect of supplier management involves ongoing communication, performance monitoring, and fostering trust and transparency?
Answer: C
……………………..is the provision of service to customers before, during and after a purchase.
Answer: A
22.What does strategic sourcing involve in procurement and supplier management?
Answer: C
Answer: D
24.What does WIP inventory refer to in the supply chain?
Answer: D
25.Continuous improvement initiatives in supplier management aim to _____
Answer: B
26.PL stands for
Answer: B
27.What does the Economic Order Quantity (EOQ) aim to minimize?
Answer: A
28.Distribution requirements planning is a system for
Answer: C
29.Lean inventory principles aim to eliminate _____
Answer: C
29.What function does EDI standardization serve in supply chain operations?
Answer: C
30.Logistics system are made up of 2 main activities
Answer: C
31.What does ERP offer in terms of human resource management?
Answer: A
32.VMI stands for
Answer: B
33.ABC analysis suggests that approximately what percentage of items account for a large portion of the total value or impact?
Answer: D
34.Reverse logistics is required because
Answer: D
35.What does Just-in-Time (JIT) emphasize in production and inventory management?
Answer: B
36.Which of the following is true for supply chain management?
Answer: D
37.What does the term “TIMWOODS” represent in Lean methodology?
Answer: B
38.What function do supply chain integration and collaboration platforms primarily serve?
Answer: C
39.What are the elements of logistics system ?
Answer: D
40.What role does root cause analysis play in supplier performance evaluation?
Answer: B
41.Which step in supplier management focuses on assessing supplier financial stability, compliance, and capacity?
Answer: B
42.Supplier scorecards or performance dashboards provide _____
Answer: D
43.What aspect does RFID technology significantly improve within a warehouse setting?
Answer: B
44.What purpose does RFID technology serve in inventory management?
Answer: B
45.Time for which the assets are kept idle against the time they get utilized in the supply chain is _____.
Answer: D
46.True or False? The forecast should work constantly and also be reliable.
Answer: A
47.The concerned effort of two or more supply chain partners to gain competitive advantage is _____
Answer: C
48.Logistics is the part of Supply chain involved with the forward and reserve flow of _____
Answer: D
49.Positive, long-term relationships between supply chain participants refers to _____
Answer: D
50.The purpose of supply chain management is to
Answer: D
51.Supply Chain consist of the following
Answer: D
52.In a supply chain, material flows in one direction, while _____ flows from both the directions
Answer: B
53.The major decision areas in supply chain management are
Answer: A
53.The major decision areas in supply chain management are
Answer: A
54.Due to small change in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as
Answer: A
55.DRP stands for
Answer: A
57.E-logistics features
Answer: C
58.E-logistics features
Answer: C
59.Which one of the following is the best explanation of international logistics?
Answer: C
60.The sequence of a typical manufacturing supply chain is
Answer: C
61.The sequence of a typical manufacturing supply chain is
Answer: B
62.Which of the following is not a component of 4 PL?
Answer: B
63.A receipt issued by the commanding officer of the ship when the cargo is loaded on the ship is known as
Answer: B
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