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This set of Logistic Supply and Chain Management Multiple Choice Questions & Answers (MCQs) focuses on Logistic Supply And Chain Management Set 8
Q1 | The kind of warehouse that is licensed and authorized by the customs for storing goods till import duty is
- Field warehouse.
- Buffer storage warehouse.
- Bonded warehouse.
- Export and import warehouse.
Q2 | The business activity of farming out identified non-core activities to external agenciesis
- Logistics.
- SCM.
- Outsourcing.
- Distribution.
Q3 | Which of the following statements is true?
- Supply chain is a subset of logistics.
- Logistics is a subset of supply chain.
- Transportation and logistics are same.
- Logistics and supply chain are same.
Q4 | If a customer visiting a departmental store cannot find his desired soap manufactured by Hindustan Unilever Ltd (HUL) in the store, which of the following chain partner will he hold responsible for the non-availability of the soap?
- The logistics service provider
- The distributor
- The departmental store
- Hindustan Unilever Ltd
Q5 | A Supply chain process is viewed as
- Birds eye view
- Technical view
- strategic view
- cyclic and push/pull view
Q6 | Supply chain is concerned with the
- flow of raw materials, WIP and finished products in the forward direction
- flow of information in both the directions
- flow of materials in the forward direction, cash in the reverse direction and information in both the directions
- flow of materials in the forward direction and that of cash in the reverse direction
Q7 | The objective of a supply chain is:
- to improve the efficiency across the whole supply chain
- to improve responsiveness across the whole supply chain
- to deliver improved value to the customers
- to improve the efficiency and responsiveness across the whole supply chain and also deliver improved value to the customers
Q8 | Which of the following statements is true?
- Ford supply chain is both highly efficient as well as highly responsive.
- Dell supply chain propagated the concept of long-term relationship with the suppliers.
- Toyota supply chain believed in medium-term relationship with the suppliers with loosely held supplier network.
- Dell supply chain is both highly efficient as well as highly responsive.
Q9 | which type of demand forecast is related to environmental factors
- Qualitative forecast
- Time forecast
- Casual forecast
- Simulation forecast
Q10 | Which of the following statements is true regarding outsourcing?
- Higher level of outsourcing enables a firm to have better control on all outsourced activities.
- Higher level of outsourcing makes a firm more vulnerable to outside influences.
- Higher level of outsourcing enables a firm to outsource core activities to other competent players.
- Higher level of outsourcing enables a firm to outsource non-core activities to other competent players.
Q11 | If the focus of a retailer is to achieve leadership in cost, then which of the following phenomenon will hold good?
- Customers will like to have convenience and the retailers will also set up a number of stores at different locations in order to provide convenience to the customers.
- Customers will prefer a large variety of products and the retailer will also keep a large variety in the store in order to satisfy customer needs.
- Customers will prefer a large variety of products but the retailer will not keep a large variety in the store in order to achieve economies of scale.
- Customers will prefer short lead time for their products and the retailer will keep higher amount of inventory in order to satisfy customer needs in time.
Q12 | The companies will realize the benefits of implementing IT when which of the following is undertaken?
- Companies need to invest heavily in information systems.
- Companies need to automate the existing supply chain systems and processes.
- Companies need to re-engineer their supply chain structure.
- Companies need to re-engineer their supply chain structure and undertake revision in the supporting organizational processes.
Q13 | Ford supply chain is characterized by
- Increased product variety
- Loosely-held supplier networks
- Vertical integration
- Long-term relationship with the suppliers
Q14 | Dell supply chain is characterized by
- Lean production systems
- Zero product variety
- Vertical integration
- Individual customization
Q15 | Which of the following statements is true?
- A 3PL company is a professional logistics service provider meeting the logisticsrequirements of an organization and can also integrate its resources, capability, and technology in order to provide comprehensive solution to its customers.
- A 4PL company is a professional logistics service provider meeting the logisticsrequirements of an organization and can also integrate its resources, capability, and technology in order to provide comprehensive solution to its customers.
- A 3PL is a logistics service provider meeting only the logistics requirements of an organization while 4PL is a logistics service provider meeting the logistics requirements ofan organization and can also integrate its resources, capability and technology to provide comprehensive solution to its customers.
- A 4PL company is a professional logistics service provider meeting only the logistic requirements of an organization.
Q16 | Which one of the following is not the supply challenge being faced by theIndian organizations?
- Poor infrastructure
- IT implementation
- Complex taxation structure
- Smaller pack sizes
Q17 | Many organisations hold safety stocks as part of their inventory. Which of the following isa reason for holding safety stocks?
- To improve stock holding levels
- To improve stock accuracy levels
- To cater for demand forecast errors
- To cater for a large storage capacity.
Q18 | Which of the following stock valuation methods is based on a cost estimate made before the part is purchased?
- Standard costing
- FIFO
- Average costing
- LIFO.
Q19 | The receipt used for warehouse is
- Inventory receipt
- Dock receipt
- EDI receipt
- Goods receipt
Q20 | Warehouses and stockyards are two types of storage facilities. Which of the following is the most appropriate factor to consider in the design of a stockyard?
- Structure
- Services
- Surface
- Shelving.
Q21 | Managing predictable variability is
- managing the seasonal demand
- managing the change in demand that can be forecasted
- forecasted error ratio
- managing stock out situation
Q22 | Which of the following statements is true?
- Ford supply chain is both highly efficient as well as highly responsive.
- Dell supply chain is both highly efficient as well as highly responsive.
- Dell supply chain propagated the concept of long-term relationship with the suppliers.
- Toyota supply chain believed in medium-term relationship with the suppliers with loosely held supplier network.
Q23 | Role of distribution in supply chain management
- providing localised services
- Collecting product reviews from customers which could be used by manufacturers
- Reduces inventory holding cost
- All the above
Q24 | Which of the following types of container is used to carry oversized cargo?
- Bulk
- Flat rack
- Reefer
- Tank.
Q25 | Which of the following is the name given to a bill of lading where goods have been received by a carrier free of defects?
- Shipped bill of lading
- Claused bill of lading
- Ordinary bill of lading
- Clean bill of lading.