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True or False;1. True Cargo is freight plus mail;2. True or False The downstream end of a supply chain is supplier end;3. True or False In the ?unionist perspective? SCM is part of logistics;4. True or False A system includes: inputs, processes, outputs, and sychronization;5. True or False Containerisation was first developed in the 1970s;6. True or False A low value, high volume shipment has a high transport cost penalty;7. True or False The term supply chain management was introduced around the 1960s;8. True or False A supply chain is best understood as a linear chain;9. True or False In the context of global logistics the acronym ?TNC? stands for;transnational corporation;10. True or False A transnational company portrays more of a global identity than a;multinational company;11. True or False Offshoring can be defined as the transfer to a third party of the management;and delivery of a process previously performed by the company itself;12. True or False Craft production allows high output volume with low output variety;13. True or False Another name for postponement is delayed product design;14. True or False An agile supply chain strategy works best with short lead time;unpredictable demand;15. True or False Another term used to describe the ?functional? nature of many;organisations is silo;16. True or False A leagile supply chain strategy works best with long lead time, predictable;demand;17. True or False The consignee is the company or individual who sends the consignment;18. True or False The term NVOCC is an acronym for non-vessel-owning common carrier;19. True or False Sourcing = procurement + purchasing;Multiple Choice (There is only one answer per question);20. Effective transport deregulation typically aims to achieve (at least in theory);a. cost reduction;21. Ethnocentricity involves;a. adopting the perspective only of the home country where its headquarters are located;b. adopting the host country perspective;c. the company not adopting any particular country perspective(s);22. How many groups of incoterms are there?;a. Two;b. Three;c. Four;23. The acronym ?RFI? as understood in the procurement process means;a. request for identification;b. road freight information;c. request for information;24. A higher score on the environmental separation index between an outsourcer and an outsourcee indicates;a. large differences in work practices, culture and perceptions between an outsourcer and an outsource;b. small differences in work practices, culture and perceptions between an outsourcer and an outsource;25. Very slow moving items of inventory are likely to be classified in an ABC inventory classification system as;a. ?A? items;b. ?B? items;c. ?C? items;26. In the economic order quantity (EOQ) model the following two sets of costs are considered;a. Inventory carrying costs and order set-up costs;b. Inventory carrying costs and costs associated with inventory in transit;c. Order set-up costs and sourcing costs;27. Inventory turnover is the ratio of;a. value of average inventory held throughout the year divided by cost of all;goods sold in a year;b. cost of all goods sold in a year divided by value of average inventory held;throughout the year;c. value of average inventory held throughout the year divided by value of all goods sold in a year;28. A JIT system is likely to be charcaterised by;a. frequent orders of small quantities;b. less frequent orders of large quantities;c. bulk orders or large quantities;29. Cross docking is;a. A process that bypasses storage;b. A process that reduces materials handling;c. A process that improves product quality;30. Materials requirements planning (MRP) systems are used to;a. Plan and control orders with dependent demand;b. Plan and control orders with independent demand;c. Forecast demand;a. Pick accuracy confirmation;31. When factory gate pricing is used who usually arranges transportation of the freight;a. The consignor;b. The consignee;c. The carrier;32. The acronym ?FCL? stands for;a. Final container load;b. Full container load;c. Final cargo load;33. Volumetric charging uses which of the following criteria to determine a freight rate;a. Dimensions;b. Weight;c. Perishability;34. CVP analysis is;a. Cost, value, profit analysis;b. Cost, volume, profit analysis;c. Cash, value, profit analysis;35. An ?SLA? is;a. a supplier location agreement;b. a service level agreement;c. a service location agreement;36. The acronym ?CSI? used in a logistics context stands for;a. Carrier Safety Initiative;b. Container Security Initiative;c. Carrier Security Implementation;37. The Sarbanes-Oxley Act originated in;a. Europe;b. Asia;c. The US;38. Which of these statements is correct?;a. Supply chain collaboration cannot be achieved through information technology solutions alone;b. Vendor managed inventory (VMI) is dependent upon decentralised supply chain control;c. CPFR is not constrained by scale and complexity, when it is implemented;Short Answer Questions;39. Explain how reduction in lead-time can help a supply chain reduce its inventory buffer without hurting customer service.;40. Explain the distinction between outsourcing and offshoring.;Additional Requirements;Min Pages: 4;Level of Detail: Only answer needed


Paper#19381 | Written in 18-Jul-2015

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