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1、.Question Number: 1The basic elements of the supply chain include:Asupply, manufacture,distribution.B) design, manufacture, inventory.C) engineer, design, manufacture.D) supply, engineer, manufacture.The correct answer is: AEven though different panies produce different products, the basic elements
2、are the same: supply, manufacture,and distribution.Question Number: 2In order to maximize profit, a pany must have all of the following objectives except:A) Best customer serviceB) Most accurate production forecastC) Lowest inventory investmentD) Lowest distribution costThe correct answer is: BA pan
3、y, to maximize profits, must have the lowest production cost, best customer service, lowest inventoryinvestment, and lowest distribution costs. While an accurate production forecast will contribute to low productioncosts, it will not guarantee the lowest production costs.Question Number: 3BASICS OF
4、SUPPLY CHAIN MGMT (BSCM) :Businesswide ConceptsThe inventory turns ratio measures:the amount of inventory needed to A) support sales growth.B) obsolete inventory as a percent of sales.C) how effectively inventory is being used.D) the amount of space needed to store inventory.The correct answer is: C
5、The inventory turns ratio measures how effectively inventories are being used. It is calculated by dividing annualcost of goods sold by average inventory in dollars.Question Number: 4Process specifications can be best defined as a document which:A) shows how the product will appear.B) shows the step
6、s needed to produce the end item.C) details the capacity available at a work center.D) flow charts various processes.The correct answer is: BProcess specifications describe the steps needed to make an end product. They are usually printed on a routingsheet or kept in the database for online access.Q
7、uestion Number: 5BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide ConceptsA panys strategic plan:A) provides the manufacturing plan for families of end items.B) outlines the sales plan for the next year.C) is a statement of goals and objectives for a long range period.D) outlines new products for th
8、e next year.The correct answer is: CWhile strategic plans do provide for manufacturing, sales, and new product plans, they really provide the overalldirection for the pany. The result is a statement of goals and objectives for 2-5 years, and sometimes 10 years.Question Number: 6In which of the follo
9、wing manufacturing environments would consumer products, such as film, food, etc. beclassifiedA) Assemble-to-orderB) Engineer-to-orderC) Make-to-orderD) Make-to-stockThe correct answer is: DConsumer products are generally considered make-to-stock. There are a few standard items assembled from manypo
10、nents.Question Number: 7Many different end items are made from a small number of ponents. What manufacturing environment wouldthis beA) Make-to-stockB) Make-to-orderC) Assemble-to-orderD) Engineer-to-orderThe correct answer is: BMake-to-order panies typically make many end items from a small number
11、of ponents. The schedule isdeveloped from actual customer orders.Question Number: 8The purpose of a strategic business plan is to:plan production A) by product family.B) plan for business changes which take a long time.C) establish customer requirements over the long term.D) establish order promisin
12、g strategies.The correct answer is: BStrategic plans are used for long term planning (2-10 years). They are used to allow time to plan for changes whichtake a long time to occur. These might include new plants or distribution centers.Question Number: 9BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide
13、 ConceptsAggregate inventory management is concerned with:A) managing inventory items and how they are used.B) establishing the production plan.C) the cost and benefits of carrying the different classes of inventory.D) the distribution network and the movement of inventory.The correct answer is: CAg
14、gregate inventory management is concerned with the cost and benefit of carrying raw materials,work-in-process, and finished goods inventory. It is financially oriented.Question Number: 10Which of the following are objectives of inventoryI. Maximize customer serviceII. Efficient transactionIII. Low c
15、ost plan operationsIV. Minimum inventory investmentA) I, II, and IIIB) I, III, and IVC) I, II, and IVD) II, III, and IVThe correct answer is: BIn order to maximize profits, a pany must manage inventories, provide great customer service, and haveefficient plant operations, while minimizing the amount
16、 of capital used for inventory.Question Number: 11Which of the following would be included in the cost of carrying inventoryHeating and I. lighting a warehouseII. Obsolete inventoryIII. Labor to move materialIV. Damaged inventoryA) I, II, and IIIB) II, III, and IVC) I, III, and IVD) I, II, III, and IVThe correct answer i
