Question 1.1.(TCO 2) Which of the following is not or are not key attributes of supply chain management?(Points : 3)
Inventory control
Leveraging technology
Customer power
A long-term orientation
All are key attributes.
Question 2.2.(TCO 2) The movement and storage of materials into a firm refers to(Points : 3)
physical distribution.
materials management.
materials handling.
inbound logistics.
outbound logistics.
Question 3.3.(TCO 2) An organization’s ability to respond to changes in demand, with respect to volume and variety, refers to _____.(Points : 3)
responsiveness
leanness
agility
relevancy
Question 4.4.(TCO 2) Cooperative supply chain relationships developed to enhance the overall business performance of both parties is a definition of (Points : 3)
Question 5.5.(TCO 1) Stocks of goods and materials maintained for satisfaction of demand are known as (Points : 3)
supply chain.
inventory.
safety stock.
inventory management.
None of the above
Question 6.6.(TCO 1) The reorder point (ROP) is defined as the (Points : 3)
point used for calculating safety stock.
highest inventory level allowed.
lowest inventory level allowed.
fixed level of inventory at which a replenishment order is placed.
None of the above
Question 7.7.(TCO 1) _____ stock refers to inventory en route between various nodes in a logistics system. (Points : 3)
Base
Safety
Pipeline
Speculative
Page 2
Question 1.1.(TCO 3) Rate structures deal with three factors. Which of the following is not one of them? (Points : 3)
Shipment weight
Shipment distance
Product
Shipment direction
Question 2.2.(TCO 3) Based on cost, speed, and capacity, which of the following modes is most suitable for high-value, low-volume products (may be perishable or otherwise require urgent delivery)? (Points : 3)
Pipelines
Air freight
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