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5.Due to small change in customer demands, inventory oscillations become progressively larger
looking through the supply chain. This is known as
a. Bullwhip effect
b. Netchain analysis
c. Reverse logistics
d. Reverse supply chain
(Ans:a)
6.VMI stands for
a. Vendor material inventory
b. Vendor managed inventory
c. Variable material inventory
d. Valuable material inventory
(Ans:b)
7.The major decision areas in supply chain management are
a. location, production, distribution, inventory
b. planning, production, distribution, inventory
c. location, production, scheduling, inventory
d. location, production, distribution, marketing
(Ans:a)
28. In which of the following forecasting technique, subjective inputs obtained from various
sources are analyzed?
a. Judgemental forecast
b. Time series forecast
c. Associative model
d. All of the above
(Ans:a)
29. In which of the following forecasting technique, data obtained from past experience is
analyzed?
a. Judgemental forecast
b. Time series forecast
c. Associative model
d. All of the above
(Ans:b)
31. Short term regular variations related to the calendar or time of day is known as
a. Trend
b. Seasonality
c. Cycles
d. Random variations
(Ans:b)
32. The demand for period t-2 and t-1 is 10 and 12 cases respectively. As per naïve method, the
demand for next period ‘t’ is
a. 10
b. 11
c. 12
d. 14
(Ans:d)
33. Calculate four periods moving average forecast from the last six periods
Period Demand
1 38
2 40
3 42
4 40
5 44
6 38
a. 40
b. 41
c. 42
d. 43
(Ans:b)
33. Calculate a weighted average forecast using a weight of .50 to the most recent period, .40 for
the next recent period and .30 for the next period
Period Demand
1 38
2 40
3 42
4 40
5 44
6 38
a. 46.6
b. 47.6
c. 48.6
d. 49.6
(Ans:c)
35. If the actual demand for a period is 100 units but forecast demand was 90 units. The forecast
error is
a. -10
b. +10
c. -5
d. +5
(Ans:b)
36. The initial stage of the supply chain process is the _____________.
Sourcing Stage
Organizing Stage
Planning stage
Directing Stage
(Ans: c)
37. The term supply chain management was first coined by ______.
Frankel & Paulraj
Peter Drucker
Keith Oliver
Philip Kotler
(Ans C)
38. In supply chain management, after planning, the next step involves ______________.
Developing
Sourcing
(Ans: D)
Available To Promise
Access To Point
(Ans: B)
Analytics Workbench
(Ans: D)
(Ans: A)
43. ________is mainly deals with all activities associated with the flow and transformation and
information of goods from the stage of raw material to the end user i.e. consumption.
Marketing Channel
Production Line
Supply Chain
Inventory management
(Ans: C)
44. In supply chain management, Inspection, scrap and repair are examples of ________.
Societal Costs
External Costs
Costs of dissatisfaction
Internal Costs
(Ans : D)
Kaizen
TQM
Taguchi Map
(Ans: B)
(Ans: D)
47. Organisations or companies manage their supply chains through _______.
Transportation modes
The internet
Information
Skilled Operators
(Ans: C)
48. The concept and philosophy of supply chain management evolved or emerged in _______
The 1960s
The 1970s
The 1980s
The 1990s
(Ans: C)
(Ans: B)
Logistics Management
Marketing
Operations Management
(Ans: B)
51. In operations & supply chain management, Kaizen is a Japanese term meaning __________.
Change for the better
Continuous Performance
Top-level quality
(Ans: A)
52. According to Frankel, Bolumole, Eltantawy, Paulraj& Gundlach, (2008), these are the four
functions identified as foundational – operations, logistics, supply management, __________.
Marketing
Production
Materials
Procurement
(Ans: A)
53. Positive long-term relationships between supply chain participants refer to ______
Supply chain management
Partnerships
Cooperations
Co-alliances
(Ans: B)
Fullfillment of order
Satisfaction of customer
(Ans: B)
Title Flow
Physical Flow
Virtual Flow
(Ans: D)
56. ___________ involve the transformation, movement, and storage of goods and materials.
Virtual Flow
Physical Flow
Title Flow
Information Flow
(Ans: B)
(Ans: D)
Analytics Workbench
(Ans: D)