1.

What is Sole sourcing – None of These

2. When an importer and manufacturer are operating in a free trade zone, payment of a customs
duty is triggered when products are –
3. When doing international business, a company’s total line-haul costs will vary with the –
4. Total types of letter of credit –
5. The term supply management is broader than the purchasing function because it –
6. The primary advantage of process flexibility is the –
7. Which of the following is an objective of MPS –
8. Which mode has maximum damage rate –
9. Drivers for using IT –
10. When a letter of credit does not indicate whether it is revocable or irrevocable, it is treated as
–
11. ………… is used to display digital image of the product information for picking. –
12. A factory operates 1000 minutes per day. Customer demand is 500 widgets units per day.
What is the takt time?
13. The number of stages that goods and services flow through –
14. What is the focus of the entire supply chain process –
15. Hub and Spoke model is suitable for –
16. What is FCA –
17. Benefits of CRM –
18. A supplier has decided to improve its forecast accuracy by reducing the information lead time
from the retailer. Which of the following actions would be most appropriate to achieve the
desired result –
19. Advantages of 3PL – All of these
20. Define ERP – Enterprise Resource Planning
21. The bullwhip effect is evident in a supply chain when demand – Both a & b
22. The process used to determine the impact of promotions, price discounts, and rebates on
demand forecasts commonly is referred to as demand – forecasting
23. Which of the following is one of the four stages in a supply chain network – End Users
24. The customer who provides point-of-sale data remains the sole decision-maker regarding
order quantities when what type of inventory strategy is used – Vendor-managed
replenishment
25. Which of the following statement best describes an example of advance ship notice – An
electronic data interchange communication
26. What are the major obstacles to successfully implement supply chain management – All of
these
27. In which process does a business count all items but at different times and intervals – Periodic
review
28. The complete supply chain dedicated to the flow of products for returns, repair and
remanufacturing is – Reverse Logistics
29. Value stream mapping is useful tool primarily because it – Look at the entire supply chain
rather than an isolated process
30. One purpose for holding inventory in distribution centers is to – Improve customer service by
locating
31. Which of the following inventory classifications would include semi-finished goods at an
outside supplier – Work in progress
32. The maintenance of a minimum possible level of inventory required for a desired level of
customer service is the objective of – right response
33. A remanufacturer of equipment is most likely to have what type of supply chain – Reverse
logistics
34. Which of the following cause forecast error –
35. An effective procurement strategy for commodity products should focus on – Driving cost and
reducing risk
36. A company ships from its manufacturing facilities directly to its warehouses. If the number of
warehouses increases, transportation costs between manufacturing facilities and warehouses
most likely will – Increases
37. Which of the following is critically based inventory classification – VED
38. Which would be more difficult to pack in a 20’ GP – 20 tons of steel rods or 20 tons of cotton
wool – 20 tons of cotton wool
39. EVA stands for – Economic Value Add
40. Reusable components are stored in an electronic repository is ….. registory –
41. Following are the common Cargo facilities – Both CFs & ICD
42. What is mean error –
43. Letter of credit is best mode because – The exporter is sure of receiving payments once
shipping document are submitted
44. A key assumption of the economic order quantity (EOQ) is that – Rate of demand is
continuous and constant
45. Which supply chain strategy involves the principle of postponement – Agile
46. Many different end items are made from small number of components. What manufacturing
environment would this be - Assemble to order
47. Strategic sourcing differs from tactical purchasing in that this activity periodically – All of these
48. Which is not a part of landed cost – Margin
49. Driver of Transportation Decision –
50. Which of the following strategies is most appropriate for managing unknown risks in a global
supply chain – Technology integration with suppliers
51. Which of the following is not a part of 4 P’s in CRM – Price
52. Which of the following transportation mode has least cost – a & c (pipeline & water)
53. Which method of record audit is concerned with the total value of inventory – Physical
Inventory
54. Which of these is NOT a flow that moves up and down the supply chain – Physical
55. Building and sustaining long term business with customers is the aim of – CRM
56. Lean thinking can help reduce total cost of ownership (TCO), this means the supply chain team
in the entire “Chain” must work to – Reduce non value cost
57. In FCL, “C” stands for – Container
58. Which of the following actions most likely will serve to reduce economic lot size – Increasing
the cost of carrying inventory
59. Two key factors that have sparked much of the technological change affecting supply chain
are – Computing power and internet
60. Which of the following is correct – Engineer to order is Building the product to meet
customer specifications
61. In which Factoring type, Factor agency carries the most risk – Nonrecourse factor
62. What is MPS – Master Production Schedule
63. Which of the following actions best exemplifies an appropriate demand management strategy
– Updating the sales and operations planning S&OP) to changes in the production capacity
64. The probability of customer classification is highest when which of the following conditions
exists – There is a gap between what was indicated and what was accomplished
65. In which year the lncoterms trade terms was last updated – 2012
66. One of the following is not a part of regulatory documents for EXIM – Bill of Entry
67. VMI stands for – Vendor Managed Inventory
68. The term value chain means we include the supply chain in our analysis and management with
– End consumer
69. EDI stands for – Electronic data interchange
70. Which of the following is not included on a commercial invoice – Insurance costs
71. An appropriate reason to carry safety stock is to protect against –
72. What is KPO – Knowledge Process Outsourcing
73. Which among the following is not a Inventory control technique – SME
74. Process of managing upstream and downstream of final goods, flow of raw materials and
information about resellers and final consumers is classified as – Supply Chain Management
75. In addition to sales history, current customer orders, and forecasted demand, which of the
following data sources should be used as part of a demand management process – Inventory
levels
76. Primary benefit of using customer relationship management (CRM) is – Identification of
customer with lifetime value
77. Engineer to order is – Manufactured based on customer specification
78. Which of the following is not an input to MRP – Capacity Planning
79. Multimodal and intermodal transportation are same – False
80. Which of – Sharing demand Information
81. What is the benefit of an effective SCM - All of these
82. Which one of the following does not define Mean Error –
83. Total Quality Management (TQM) used for – All of these
84. The invoice prepared from information on commercial invoice by the buyer’s consulate or
embassy in the shippers country is called as - Consular Invoice
85. Which of the following factors is the most appropriate measure of deleivery performance for
finished goods– Perfect order fulfilment
86. Calculate turnover ratio – Cot of goods sold is Rs. 450000 opening stock was Rs. 125000 – 3
times
87. The best way to manage a business relationship is to measure performance to – Cost of
ownership
88. What is the forecast error for a time period (t) - Actual Demand(t) – Forecast(t)
89. The primary reason for a firm to pursue strategic supply chain activities is to – Gain
competitive advantage
90. Which of the following documents is signed by exporter’s chamber of commerce– Certificate
of Origin
91. Which is not an external driver of Supply Chain Risks – Process risk
92. Define the term RFP – Request for proposal
93. The five “right objectives” of purchasing are – Quality, Quantity, Price, Time, Place
94. Which is not a method of entry into a global market – Stevedore
95. Which of the following types of information would be an appropriate basis for a qualitative
forecast – Shipment History
96. Which of the following – Performance of both firms is measured and reported regulary
97. Which one of the following is not an external driver/source of risk in Supply chain – Process
risk
98. The number that is used to uniquely identify trade itmes- GTIN
99. The overall objective of an integrated supply chain can best be described as the achievement
of – Efficient flow of materials and information
100. Which of the following activities positions goods or services closer to the customer –
Distribution
101. What are the perspectives measured by Balance Score Card- All of these
102. What is CPFR – Collaborative Planning, Forecasting and Replenishment
103. The supply chain management solutions often span an enterprises’ communiation with
suppliers. What is often the critical component – Cost analysis and budgetary concerns
104. Which of the following defines logistics–
105. What are materials used in the production process but that do not become a part of the
product called – Maintenance, repair and operating supplies
106. Risk pooling enables a lower total inventory level without affecting services levels based on
which of the following assumptions – Aggregate demand is more accurate than disaggregate
demand
107. Which of the following pairs is not a likely intermodal combination– Railpipeline
108. Which of the following distribution approached for a low-volume – Shipment through a multi-
echelon distribution network
109. Which of the following activities typically is included in a warehouse management system –
Order processing
110. Which of the following activity is not part of physical supply/ distribution – Order entry
111. Which of the following outcomes is a benefit typically expected of customer relationship
management (CRM) – Focusing sale efforts on most profitable customers
112. Which is the part of supply chain management flows – All of these
113. A company’s supply chain depends heavily on sourcing from international suppliers.
Conditions increasingly threatens supply continuity. Which of the following actions is most
appropriate. – Carry additional safety stocks
114. Which of the following is not true regarding SRM – SRM maximizes the supplier’s value to the
enterprise
115. Which of the following is not a routine occurrence in global supply chain – All of the above
116. As a company moves from domestic to global distribution, it becomes increasingly critical to
control which of the following distribution costs – Transportation
117. If price and demand do vary over time in a global network – Flexible production capacity can
be reconfigured to maximize profits in the new environment
118. A company produces to stock and sells its products to distributors. The factor that most likely
will contribute to the risk of loss in inventory investment is the – Accuracy of Demand
forecast
119. When we add the term networks to the supply and value chains, we are emphasizing the need
to focus on and interactively communicate with – Final consumers
120. Due to small change in customer demands, inventory oscillations become progressively larger
looking through the supply chain. This is known as – Bullwhip effect
121. Benchmarking a firm’s performance against industry competitors is most valuable because it
can reveal – Which process require improvement
122. Choose the benefits of Warehouse Tracking System – Options 2 & 4
123. Which of the following is true regarding TQM – All of these
124. Cycle Counting – Inventory accuracy
125. Which of the following factors is a primary consideration when contracting with a supplier –
Order Cost
126. A transportation company sees an upward trend in diesel prices and contracts for twice as
much fuel as it usually purchases for the coming period. What does this illustrate – Hedge
Inventory
127. Which party determines the exchange rate valuation – Customs
128. Which of the following factors can negatively influence indirect costs such as production
planning, purchasing, and inventory management – low efficiency production
129. Which of the following does not fall under supply chain measurement metrics – ERP metrics
130. Which of the following statements indicates an attribute of international commercial terms –
131. Which of the following statements best describes an example of advance ship notice – An
electronic data interchange communicating that an order has left
132. Which material handling equipment is the most flexible in distribution center – Hoist
133. Bar codes and radio frequency identification systems are key technologies in the supply chain
systems because they perform which of the following function – Facilitating timely and
accurate data acquisition
134. Backward scheduling begins with which of the following dates – Order due
135. Which of the following benefits should a supplier expect to receive by becoming a certified
supplier – Reduction in redundant processes with buyer
136. Which Inco term carries the least risk to importer – DAP
137. What does DDP means – Delivered Duty Paid
138. The main benefit of a mass customization product design strategy is to – Offer more product
variety while keeping inventories low
139. Which of the following is not a MRP inputs – none of these
140. What is single sourcing – Buying from one supplier by entering into a long term contract
141. What is not a component of a typical Supply Chain in an organization – None of these
142. Which of the following is a component of a demand pattern –
143. Managing supply chain risks includes which of the following activities –
144. Which of the following is forecast components – All of these
145. Costs of not carrying enough inventory include – All of these
146. A manufacturer can simplify the forecasting process by pooling demand forecasts for a
product group and then –
147. Define Bull Whip effect – All of these
148. Process which involves controlling, implementing and planning materials and final goods to
meet final customer at high profits is classified as – Supply Chain Management
149. What is outer dimension of 40’ container – 40’ * 8’ * 8.6’
150. Supply chain management emphasizes the …. Benefit of all parties on the chain through
cooperation and information sharing – Both A & B
151. Dispatching can be best described as –
152. A company most likely would consider moving a portion of its manufacturing to a second
location to –
153. Which of the following factors is most important to consider when deciding on offshore
outsourcing of manufacturing to a supplier –
154. What is outer dimension 20’ GP container – 20’ * 8’ * 8.6’
155. Which of the following warehousing tools enables wireless scanning of products – LAN
156. What are the commercial applications of RFID technology – All of these
157. The upstream supply chain is – Distribution of products
158. What is COO in EXM documentation – Certificate of Origin
159. One of the following is not a part Carrier Management Module –
160. Product A is made from component B & C. Component B is made from parts D & E. Which
items should be forecasted – Only A
161. Calculation forumala for inventory turnover ration (ITR) – Net sales/ average inventory at cost
162. Which is an internal driver of supply chain risks – Controlled Risk
163. What is the effect of applying ABC principle to safety stock levels – A items will have the
highest safety stock
164. Which of the following actions is most likely to increase total supply chain risk – Expanding
operations to multiple locations
165. Which of the following statements is true about safety stock – The greater the risk of stock
running out, the larger the safety stock needed
166. What is a state B/L – A B/L that has past its shipped on board date
167. Find out one of the following which is not involved in an export/ import process – Internal
Supply Chain
168. What is FSN classification of inventory – Items based on consumption
169. Which of the following is achieving management commitment –
170. Which of the following is not Anticipation inventory – Seasonal inventory
171. What is product performance –
172. A company’s strategic plan –
173. Which type of technology can provide information on the location of a container in transit –
Active RFID
174. Why is it important to track forecast – To improve forecasting methods
175. Which network is used in EDI to share the acknowledge – VAN
176. Which of the following benefits of supplier relationship management typically from
collaboration with a few critical suppliers –
177. Which of the following is considered as ordering cost – Capital cost
178. Formula to calculate risk value –
179. INCOTERMS stands for – International Commercial terms
180. Explain ASN – Advanced Shipping Notice
181. The strategy to implement supplier relationship management has been developed. The most
appropriate next step is to –
182. Which of the following statements about the use of bar code labels for product identification
in the supply chain is true – Each of the trading partners should have unique label
183. Formula to calculate inventory turnover ratio – COGS / Average inventory
184. One of the following is not defined as a category under EXIM Policy – Discounted
185. ………… is qualitative forecasting method – Delphi Method
186. One of the following is a key characteristics of cloud computing – Ubiquitous network acess
187. Organizations that change from a traditional purchasing perspective to a supply chain
perspective most likely will adopt techniques related to - Sourcing from multiple suppliers
188. Transportation decision depends on – All of these
189. Which of the following is not a strategic supply management activity –
190. Which is a type of Benchmarking – All of these
191. Which of the following forecasting inputs is considered to be intrinsic data –
192. Demand Forecasting is – All of these
193. Which of the following manufacturing systems involves the creation of one unit or a small
number of units – intermittent manufacturing
194. The globalization of a supply chain typically increases uncertainty and – Documentation
complexity
195. Group C Inco Terms are – CFR, CIF, CPT & CIP
196. Which of the following considerations should be included in product design –
197. Which Inco term carries the least risk to seller – EXW
198. A large wholesaler formerly owned a number of delivery trucks. The wholesaler sold all of its
trucks and now purchases transportation services from fleet operators. This is an example of
which of the following strategies – 3PL Supplier
199. In order to optimize delivery routing and load planning as well as to provide advanced
shipment notifications (ASN’s), which of the following technology platforms should be
implemented to plan and manage the above – Transportation Management System
200. Which of the following is availability based inventory classification - SDE