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. A supply chain which includes the distribution of finished product and service?
Answer: Outbound logistics
2. What additional factor does overall equipment effectiveness take into account which makes it moremeaningful than efficiency or utilization?
Answer: .Flexibility
3. Which of the following is true for supply chain management?
Answer: All the above
4. The purpose of supply chain management is
Answer: Integrating supply and demand management
5. VMI stands for
Answer: Vendor managed inventory
6. The major decision areas in supply chain management are
Answer: .Location, production, distribution, inventory
7. Logistics is the part of supply chain involved with the forward and reserve flow of
Answer: .All of these
9. 3-PL stands for
Answer: Third party logistics
10. The supply concept originated in what discipline?
Answer: Marketing
11. Qualified is defined by the customer is
Answer: .A user based definition of quality
12.The supply chain management philosophy emerged in…………..
Answer: 1990’s
13. Positive, long term relationships between supply chain participants refers to
Answer: Supply chain management
14. The input to a transformation process include all of the following except
Answer: Assembly
15. Zero defects in manufacturing…………..
Answer: Is the goal of TQM
16. Which of the following is not an area responsibility for a logistic manager
Answer: Purchasing
17. Which came last in the development of manufacturing techniques?
Answer: Interchangeable parts
18. Which one of the following would not generally be considered as an aspect of operations management?
Answer: Secured financial resources
19. Inspection, scarp, and repair are example of
Answer: External cost
20. All the following costs are likely to decrease a result of better quality except
Answer: .Customer
23. A supply chain includes the chain of entities involved in the planning, procurement, production and………….. of products and services
Answer: .Distribution
24. Companies manage their supply chain through…………..
Answer: Internet
25. Lean production involves
Answer: Elimination of all types of waste
Answer: Longer product life cycle.
27. TQM refers to
Answer: Total quality management
28. …………… includes design and administration of system to control the flow of materials, work in progress and finished inventory to support business unit strategy
Answer: Logistics management
29. ………….. and physical distribution are the two major operations of logistics
Answer: Material management
30. Buying according to the requirements is called …………..
Answer: Hand to mouth buying
31. Getting the right goods to the right location at the right time for the least cost is known as
Answer: Market logistics
32. ………….. are meant to store products for moderate to long period of time
Answer: Storage warehouses
33. ………….. uses advanced materials handling systems under the direction of a central computer
Answer: .Automated warehouses
34. …………….. encompasses all activities associated with the flow and transformation of goodsfrom the raw materialstage, through to the end user, as well as the associated information flows
Answer: Supply chain
35. Which of the following is not one of the process in the SCOR model
Answer: Sell
36. According to Professor Mentzer and colleages, the supply chain concept originated in what discipline?
Answer: Logistics
37. ………….. is the provision of service to customers before, during and after a purchase
Answer: Customer service
38. “Kaizen” is a Japanese term meaning
Answer: Continuous improvement
39. The most common form of quality control includes:
Answer: Inspection
40. When suppliers, distributors, and customers collaborate with each other to improve the performance of the entire system, they are participating in a …………..
Answer: Value delivery network
41. A supply chain is a sequence of firms that performance activities required
Answer: To create and deliver goods to consumers
42. Intermediaries play an important role in matching ………….
Answer: Supply & demand
43. Today, a growing number of firms now out source some or all of their logistics to ……………intermediaries
Answer: Channel members
44. What technique deal with the problem of supply sufficient facilities to production lines or individuals that require uneven service?
Answer: Queing theory
45. A type of logistics costing
Answer: Activity costing
46. Supply chain management is increasingly difficult and complex due to:
Answer: Increased pace of globalization
47. The time difference between a business ordering and receiving stock is called the
Answer: Lead time
48. The business term that involves choosing a supplier, agreeing what to buy at a certain price and by when is called?
Answer: Procurement
49. Procurement methods have considerable impact on……………
Answer: Inventory level
50. AITS in inventory controls means……………
Answer: Automated Inventory Tracking and System
51. Expand SPC
Answer: Standard production control
52. Which of the following is not included in the logistic costs?
Answer: None of these
53. Which cost element is included in inventory holding?
Answer:All of these
54. Which of the following is considered as fixed cost for supply chain costing?
Answer:All of these
55. Which of the following is not included in logistics costs?
Answer: None of these
56. What refers to the distance to and from a delivery zone?
Answer: Stem distance
57. Which logistics net work modeling technique, is often referred to a “rule of thumb”?
Answer: Heuristic model
58. Which of the following document is a contract between the owner of goods and carrier (as withdomestic shipments)?
Answer: Bill of lading
59. What is included in the product segmentation while undertaking supply chain segmentation?
Answer: All of these
60. Which phase of supply chain design process, decides on which market will be supplied fromwhich locations?
Answer: Supply chain planning
61. Which aggregate planning strategy, involves a stable machine capacity and workforce aremaintained with a constant output rate?
Answer: Chase strategy
62. Which of the following is not a part of logistics?
Answer: Meandering
63. Which of the following transportation modes used for digital products?
Answer: Cargo scanning
65. The word ‘logistics’ is derived from the French word …………..
Answer: Logger
66. Logistics is typically considered as a subset of ……………
Answer: Supply chain management
67. 4PL stands for
Answer: Fourth Party Logistic Provider
68. Integrated logistics systems included
Answer: Physical distribution supported by information technology
69. A supply chain is made up of a series of process that involve an input, a ………….., and an output
Answer: .Transformation
70. “3PL”involves using a supplier to provide …………….service
Answer: Logistics
71. ………….. is a tool to chart how individual process are currently be conducted and to help layout to new improve process
Answer: Process mapping
72. …………..are the products that emerge when new products arrive to replace old products
Answer: Replacement products
72. …………..are the products that emerge when new products arrive to replace old products
Answer: Replacement products
73. ………… was the first kind of packaging Materials used in the history
Answer: Basket
74. Which of the following is not an input into logistics
Answer: .Competitive advantage
75. …………. is referred as professional working in the field of logistics management?
Answer: Logistician
76. What is the primary objective for material management?
Answer: Maintaining good supplier and customer relationship
77. Which of the following is not a function of wholesaler?
Answer: None of these
78. The length of time for which sellers extend credit terms to buyers is known as ………….
Answer: Dating
79. Where production logistics is primarily applied?
Answer: Manufacturing plants
80. …………describesthe process of logistics within the industry
Answer: Production logistics
81. …………. Is referred as a professional working in the field of logistic management?
Answer: Logistician
82. A systematic process for originating, developing and evaluating new product ideas is known as ………….
Answer: Product planning & development
83. …………. refers to the process of having the right item in the right quantity at the right time atthe right place for the right condition to the right customers
Answer: None of these
84. It has been believed that the concept of the logistics originated from the …………..
Answer: Military
85. What is the primary function of a logistician
Answer: .Inventory management
86. Which of the following is an output of logistics
Answer: Competitive advantage
87. A company’s channel decisions directly affect every ……………
Answer: Marketing decision
88. What does ROP expands to
Answer: Marketing decision
89. The objectives of logistics is
Answer: All of these
90. To reduce inventory management costs , many companies use a system called ………….. , which involves carrying only small inventories of parts or merchandise , often only enough for afew days of operation
Answer: Just in time logistics
91. In a supply chain, material flows in one direction while ………….. from in both direction
Answer: Information
92. Today, a growing number of firms now out source some or all of there logistics to ……………. Intermediaries
Answer: Third party logistics providers
93. What are the two basic type of the production system?
Answer: Third party logistics providers
94. Efficiency is defined by
Answer: Actual output divided by effective capacity
95. A big advantage of process layout is
Answer:It is a high equipment utilization
97. The purpose of supply chain management is…………….
Answer: provide customer satisfaction
98. Logistics is the part of supply chain involved with the forward and reverse flow of
Answer: all of the above
99.The major decision areas in supply chain management are
Answer: planning, production ,distribution, inventory
100. Distribution requirements planning is a system for
Answer: both ‘a’ and ‘b’
101. Reverse logistics is required because
Answer: all of the above
102. PL stands for
Answer: third party logistics
103. What are the elements of logistics system ?
Answer: all of the above
Answer: both ‘a’ and ‘b’
105. E-logistics features
Answer: both ‘a’ and ‘b’
106. Which is not a part of basic systems of codification?
Answer: .none of these above
Answer: material management
108. Which of the following is not a component of 4 PL?
Answer: resource providers
109. Which of the following is not a part of supply chain management system?
Answer: competitor
110. DRP stands for
Answer: distribution requirement planning
111. The objective of independent business function stage is
Answer: Maximization of profit by sales volume.
112. The objective of limited integrated business function stage is
Answer: Cost reduction
113. Form utility is created by
Answer: Operation function
114. Place utility is created by
Answer: Logistics function.
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