Supply Chain quiz questions

Push Business Model

1. Sell products to consumer 2. Create supply plan 3. Buy materials to produce products 4. Manufacture products 5. Deliver products to customer

Which of the following is an engineering document that shows an inclusive listing of all the component parts and assemblies making up the final product?

Bill of Materials

Which one of the following is NOT a common mode of transportation in the supply chain?

Bus

Successful modern supply chain management typically includes the practice of?

Collaborating and sharing information between supply chain partners

Which one of the following is NOT one of the four Foundations of Supply Chain Management?

Demand Management

Master Production Scheduling is a process that brings all the demand and supply plans for the business (sales, marketing, development, production, sourcing, and finance) together to provide management with the ability to strategically direct the business to achieve a competitive advantage

False

Material Requirement Planning is the system intended to develop long-range plans (more than a year away) concerning product families manufactured by the organization.

False

Service firms offer intangible products (meaning products that cannot be physically touched), therefore, they do not have a supply chain.

False

The Chase Production Strategy relies on a constant output rate and capacity while varying inventory and backlog levels to handle the fluctuating demand pattern.

False

The goal of Supply Chain Management is to increase customer service by increasing inventory and reducing costs.

False

The process of converting a parent item's planned order releases into component gross requirements is called?

MRP Explosion

The medium-range capacity planning technique used to check the feasibility of the Master Production Schedule (MPS) is called?

Rough-cut Capacity Plan

Which of the following MRP terms represents a committed order awaiting delivery for a specific period?

Scheduled Receipt

Organizations that choose to implement one single system with all of the desired applications from a single vendor is said to have chosen a?

Single Integrator Solution

Which of the following statements is TRUE?

Strategic partnerships are seen as one of the foundations of supply chain management

Based on the diagram, which of the following correctly identifies the Manufacturer's Tier 1 supply chain partner(s)?

Supplier C and Customer C

It was intense global competition that led manufactures to adopt Supply Chain Management (SCM) and other practices such as Just-in-Time (JIT).

True

Supply chain management starts with understanding the flow.

True

The goal of supply chain planning is to balance supply and demand in a way that realizes the financial and service objectives of the company.

True

The three basic production strategies for addressing the aggregate planning problem are the chase production strategy, the level production strategy, and the mixed production strategy.

True

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