QUESTION 1

1. INVENTORY CONTROL IS CONCERNED WITH ACHIEVING AN OPTIMUM BALANCE BETWEEN ' MAXIMIZING THE SERVICE LEVEL & MINIMIZING THE INVENTORY INVESTMENT'

   True

   False

0.5 points

QUESTION 2

1. INCREASING ENVIORMENTAL CONSTRAINTS DUE TO GLOBAL WARMING IS ONE OF THE FACTOR DUE TO WHICH GREEN SCM IS NEEDED

   True

   False

0.5 points

QUESTION 3

1. "LOCAL PURCHASING DEPT MAKE THEIR OWN PURCHSING DECISIONS, THIS STEMENT IS TRUE FOR"

   		DECENTRALIZED PURSCHASING
   		CENTRALIZED PURCHASING

0.5 points

QUESTION 4

1. The forecasting model that is based upon salesperson's estimates of expected sales is

   		consumer market survey.
   		jury of executive opinion.
   		Delphi method.
   		sales force composite.

0.5 points

QUESTION 5

1. VALUE ADDITION IS THE ACTUAL INCREASE OF FROM THE VIEW POINT OF CUTOMER

   		UTILITY
   		TANGIBILTY
   		VISIBILITY
   		SUSTAINABILTY

0.5 points

QUESTION 6

1. .. IS POTENTIALLY THE BIGGEST DRIVER OF PERFORMANCE IN THE SUPPLY CHAIN

   		INFORMATION
   		MATERIAL
   		CASH
   		TIME

0.5 points

QUESTION 7

1. Which of the following sourcing strategy could be the riskiest under any disruption?

   		Multi Sourcing
   		E procurement
   		Single Sourcing
   		Dual Sourcing

0.5 points

QUESTION 8

1. SUPPLY CHAIN PLANNING INCLUDES INVENTORY POLICIES TO BE FOLLOWED

   True

   False

0.5 points

QUESTION 9

1. PURCHASING CONTRIBUTES TO ITS GOALS BY NOT WORKING CLOSELY WITH STRATEGIC SUPPLIERS

   True

   False

0.5 points

QUESTION 10

1. The initial decision whether a manufacturer fabricates in-house or uses an outside supplier is known as _____________________?

   		An Offshoring decision
   		A Make-or-Buy decision
   		"SRM, ISCM, CRM"
   		"ISCM, MRP, RFQ"

0.5 points

QUESTION 11

1. RESPONSE TIME CAN BE IMPROVED THROUGH CENTRALIZED PROCUREMENT

   True

   False

0.5 points

QUESTION 12

1. "In forecasting, the near future holds ________ uncertainty than (as) the far future."

   		Less
   		More
   		The same
   		None of the available options

0.5 points

QUESTION 13

1. Which of the following is not a forecasting technique?

   		Judgmental
   		Time series
   		Time horizon
   		Associative

0.5 points

QUESTION 14

1. SINGLE SUPPLIER CAN PROVIDE TRANSPORTATION ECONOMIES

   True

   False

0.5 points

QUESTION 15

1. ANALYSIS OF QUOTE IS DONE IN SUPPLIER DETERMINATION & ANALYSIS OF POSSIBLE SOURCES OF SUPPLY STEP

   True

   False

0.5 points

QUESTION 16

1. PRIMARY GOAL OF A RESPONSIVNESS SUPPLY CHAIN IS TO SUPPLY DEMAND AT THE LOWEST COST

   True

   False

0.5 points

QUESTION 17

1. "The terms purchasing and procurement should not be seen as synonymous. As such, which of the following statements do you think has greatest validity?"

   		Procurement has a broader meaning than purchasing
   		Procurement is broadly equivalent to purchasing
   		Purchasing has a broader meaning than procurement
   		None of the available options

0.5 points

QUESTION 18

1. FASHION GOODS ARE EASY TO FORECAST

   True

   False

0.5 points

QUESTION 19

1. USE OF ENVIORMENT FRIENDLY PRODUCTS CAN BE A START TO BECOME A GREEN SUPPLY CHAIN

   True

   False

0.5 points

QUESTION 20

1. BLANKET ORDERING CAN ALSO BE REFFRED AS ONE OFF TRANSACTION

   True

   False

0.5 points

QUESTION 21

1. FOCUS ON CORE BUSINEES IS THE ADVANTAGE OF

   		OUTSOURCING
   		MAKING

0.5 points

QUESTION 22

1. PURCHASING REFERE TO THE PROCESS OF ORDERING & GOODS

   		INSPECTING
   		DISTRIBUTING
   		RECEIVING
   		DISTROYING

0.5 points

QUESTION 23

1. Which of these is not a major reason to outsource a product or service?

   		To give access to higher technical ability
   		To increase control of the process
   		To focus on core business areas
   		To reduce operating costs

0.5 points

QUESTION 24

1. THE OBJECTIVE OF SUPPLY CHAIN IS TO MAXIMIZE THE OVERALL VALUE GENERATED

   True

   False

0.5 points

QUESTION 25

1. Incoterm CIF stands for

   		Cost Insurance & Freight
   		Cost Insurance & Fund
   		Customer Insurance & Freight
   		Customer Insurance & Fund

0.5 points

QUESTION 26

1. THE FIRM BREAK DOWN SILO WALLS & BRING FUNCTIONAL AREA TOGETHER IN PROCESS SUCH AS S&OP WITH A FOCUES ON COMPANY WIDE PROCESS THIS STATEMENT IS TRUE FOR

   		EXTENDED ENTERPRISE
   		INTEGRATED ENTERPRISE
   		SEMIFUNCTIONAL ENTRPRISE
   		MULTIPLE DYSFUNCTION

0.5 points

QUESTION 27

1. Incoterms stand for

   		International Commercial Terms
   		International Communication terms
   		International Conveyance Terms
   		International College Terms

0.5 points

QUESTION 28

1. THE GOAL OF SUPPLY CHAIN PLANNING IS TO MAXIMIZE SUPPLY CHAIN SURPLUS

   True

   False

0.5 points

QUESTION 29

1. PULL PROCESS ARE PERFORMED IN ANTICIPATION OF CUTOMER DEMAND

   True

   False

0.5 points

QUESTION 30

1. TRUE EXAMPLE FOR DEPENDANT DEMAND ITEM IS

   		FINISHED GOODS
   		RAW MATERIAL