Questions and answers for exam Preparation

MCQs

Total Questions : 20 | Page 2 of 2 pages

Question 11. In SCM PDS generated from Integrated Product and Process Engineering iPPE, master data has?

Product structure
Process structure
Factory layout
All the above

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Answer: Option D. -> All the above

Question 12. Gross Domestic Product is the

The total value of all finished goods and services produced within a country within a given time frame
Difference between the value of a country's exports and the value of its imports
Difference between the flows of funds into and out of a country's boundaries
Amount of funds owed by a domestic organization to another organization in a foreign country

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Answer: Option A. -> The total value of all finished goods and services produced within a country within a given time frame

Question 13. Which of the following doesn't represent an issue Material Requirement Planning element?

Sales Order
PIR
Transfer Order
Production Order

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Answer: Option D. -> Production Order

Question 14. In the ABC analysis/classification method of inventory replenishment

The supplier manages the inventory, ensuring that stock levels are always appropriate
There is a fixed order period for certain products, but not for others
Specific information signals the need for replenishment for each type of material
Pareto's Law is used to define three categories of materials, with varying levels of controls based on the categories

Discuss Question

Answer: Option D. -> Pareto's Law is used to define three categories of materials, with varying levels of controls based on the categories

Question 15. In the early stages of engagement with suppliers, which factors are the BEST considerations when managing early supplier involvement (ESI)?

Technology, design, cost, co-development, quality, intellectual property and risk management
Delivery, cost and quality
Supplier contract and relationship
The supplier's history with the buying company

Discuss Question

Answer: Option A. -> Technology, design, cost, co-development, quality, intellectual property and risk management

Question 16. What are the key benefits of using supply chain process in an organization?

To reduce accounts receivable collections with better visibility into the AR process, aging and extension of credit, and help to reduce day's sales outstanding using SCM process
To effectively manage fore-casting and handling sudden changes in demand and supply process
To effectively use Net Fixed assets NFA like plants and equipment
All of these

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Answer: Option D. -> All of these

Question 17. Which of the following is used to fill the demand and supply gap in Production process?

BOM
MRP run
Work Center
Routing

Discuss Question

Answer: Option B. -> MRP run

Question 18. An organization that established a strategic relationship with their client to offer management and oversight services for the client's logistics and transportation providers is known as a: