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.

ABE

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

  1. Which method of demand forecasting involves customer surveys and market research?

Answer: D

  1. 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

  1. What is the primary objective of EDI in supply chain operations?

Answer: A

  1. What aspect of supplier management involves ongoing communication, performance monitoring, and fostering trust and transparency?

Answer: C

  1. ……………………..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

  1. Logistics is the part of supply chain involved with the forward and reverse flow of

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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