AIMA Solved Assignments for OM05
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Subject Code: OM05
Subject Name: SUPPLY CHAIN MANAGEMENT
Component name: ASSIGNMENT 1
Question 1:- Supply chain management can be viewed as a pipeline or conduit for the efficient and effective flow of _____________
a) products/materials, services
b) information
c) financials
d) All of the above
Question 2:- ________________refer to the traditional linkages between firms in the supply chain such as retailers, distributors, manufacturers, and parts and materials suppliers.
a) Vertical Relationship
b) Horizontal Relationship
c) Matrix Relationship
d) None of the above
Question 3:- ______________referts to those business agreements between firms that have “parallel” or cooperating positions in the logistics process.
a) Vertical Relationship
b) Horizontal Relationship
c) Matrix Relationship
d) Linear Relatonship
Question 4:- Essentially, a ____________________ firm may be defined as an external supplier that performs all or part of a company’s logistics functions
a) 2PL
b) 3PL
c) 4PL
d) 5PL
Question 5:- A supply chain is made up of a series of processes that involve an input, a _______, and an output.
a) shipment
b) supplier
c) customer
d) transformation
Question 6:- “3PL” involves using a supplier to provide _______ services.
a) marketing
b) design
c) logistics
d) contract manufacturing
Question 7:- he collective learning in the organization, especially how to coordinate diverse production skills and integrate multiple streams of technologies, is called
a) innovative constraint.
b) second-tier competency.
c) corporate skill.
d) core competency.
Question 8:- Inbound and outbound logistics is _________ in the generic value chain of logistics.
a) a support activity.
b) a primary activity.
c) not an activity.
d) the only activity
Question 9:- The business activity of farming out identified non¬core activities to external agencies is
a) Logistics.
b) SCM.
c) Outsourcing.
d) Distribution.
Question 10:- The upstream supply chain is:
a) exclusively inside an organization.
b) involved with procurement of material from suppliers.
c) the distribution of products or delivery of services to customers.
d) both the first and third answer above
Question 11:- The downstream supply chain is:
a) exclusively inside an organization.
b) involved with procurement of material from suppliers.
c) the distribution of products or delivery of services to customers.
d) both the first and third answer above
Question 12:- The correct sequence of an organizations supply chain from a systems perspective is
a) transformation process, acquisition of resources, delivery to customers.
b) transformation process, delivery to customers, acquisition of resources.
c) acquisition of resources, transformation process, delivery to customers.
d) delivery to customers, acquisition of resources, transformation process.
Question 13:- _____ offers the opportunity to buy direct from the supplier with reduced costs and shorter cycle.
a) Reintermediation
b) Countermediation
c) Contramediation
d) Disintermediation
Question 14:- The typical aim of the push approach to supply chain management is:
a) to reduce costs of distribution.
b) to reduce costs of new product
c) Both a & b
d) None of the above
Question 15:- One of the important role of distribution in SCM towards base cost reduction is
a) Transportation
b) Warehousing/inventory
c) Information
d) All of the above
Question 16:- Demand Forecasting is
a) an imperfect science
b) accompanied with forecast error
c) identifying the future demand
d) All of the above
Question 17:- Demand of components in the assembly of a product is often___________
a) independent demands
b) dependent demand
c) Both a & b
d) None of the above
Question 18:- EOQ stands for_________
a) Essential Order Quantity
b) Economocal Order Quantity
c) Effective Order Quantity
d) Eseesntial Order Quality
Question 19:- The Pareto principle is best applied to which of the following inventory systems?
a) EOQ
b) Fixed-time period
c) ABC classification
d) Fixed-order quantity
Question 20:- Delphi Method is a _________
a) Qualitative method of Forecasting
b) Quantitative method of Forecasting
c) Both a & b
d) None of the above
Assignment Start Date: 15/11/2022
Assignment End Date: 15/01/2023
Subject Code: OM05
Question 1: The _______ has made it possible for other companies to eliminate intermediaries and sell directly to the end consumer.
a) SCM
b) Internet
c) Competition
d) All of the above
Question 2: Information Systems can be used to reduce cycle time by:
a) increased efficiency of individual processes.
b) improved data integration between elements of the supply chain.
c) reduced cost through outsourcing.
d) reduced complexity of the supply chain.
Question 3: Customer order processing level is that
a) determines the direction of business.
b) creates the capacity.
c) involves the functional planning.
d) provides specification for manufacturing.
Question 4: The flow of information that facilitates co¬ordination activities is
a) Forward information flow.
b) Backward information flow.
c) Upward information flow.
d) Downward information flow
Question 5: An important feature of supply chain management is its application of electronic commerce technology that allows companies to share and operate systems for:
a) order processing, transportation scheduling, and inventory management.
b) cost-effective flowing of raw materials
c) future purchasing of computer systems
d) future merger opportunities
Question 6: The variability in demand orders among supply chain participants:
a) cannot be controlled
b) refers to the bullwhip effect
c) can be controlled with electronic order placement
d) is more pronounced in relational exchanges
Question 7: What is a perfect order?
a) simultaneous achievement of relevant customer metrics
b) an order that arrives on time
c) an order that arrives undamaged
d) an order that is e easy for the receiver to fill
Question 8: Which of the following statements is true regarding outsourcing?
a) Higher level of outsourcing enables a firm to have better control on all outsourced activities.
b) Higher level of outsourcing makes a firm more vulnerable to outside influences.
c) Higher level of outsourcing enables a firm to outsource core activities to other competent players.
d) Higher level of outsourcing enables a firm to outsource non¬core activities to other competent players
Question 9: If the focus of a retailer is to achieve leadership in cost, then which of the following phenomenon will hold good?
a) 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.
b) 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.
c) 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.
d) 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.
Question 10: The companies will realize the benefits of implementing IT when which of the following is undertaken?
a) Companies need to invest heavily in information systems.
b) Companies need to automate the existing supply chain systems and processes.
c) Companies need to re¬engineer their supply chain structure.
d) Companies need to re¬engineer their supply chain structure and undertake revision in the supporting organizational processes.
Question 11: Ford supply chain is characterized by
a) Increased product variety
b) Loosely¬held supplier networks
c) Vertical integration
d) Long¬term relationship with the suppliers
Question 12: Dell supply chain is characterized by
a) Lean production systems
b) Zero product variety
c) Vertical integration
d) Individual customization
Question 13: In order to better serve its customers, a retail store will need to have information on the:
a) store inventory level.
b) past data on customer demand.
c) supply lead time.
d) store inventory level, customer demand data & supply lead time
Question 14: An ERP system falls under:
a) Supply chain transaction execution
b) Supply chain decision support
c) Supply chain performance measurement and reporting
d) Supply chain collaboration and coordination
Question 15: Which of the following does CPFR fall under?
a) Supply chain transaction execution
b) Supply chain collaboration and coordination
c) Supply chain decision support
d) Supply chain performance measurement and reporting
Question 16: IT in supply chain transaction execution is concerned with:
a) cooperation and collaboration with suppliers, partners, etc. via the internet.
b) measurement of the supply chain performance through data analysis tools.
c) enabling managers to process and evaluate SCM-related decisions using different optimization techniques.
d) collection, generation, and storage of vast data and tracking of the same through automated means.
Question 17: Outsourcing not only brings ……………. but can also improve the efficiency of business operations.
a) price advantages
b) sales advantages
c) cost advantages
d) None of the above
Question 18: The Assessments Module allows you to perform supplier assessments virtually, using a…………………..
a) broad range of inputs
b) broad range of output
c) Both
d) None of the above
Question 19: Factors affecting the location decision include:
a) Sales forecasts / capacity planning / road access
b) Labour costs / land availability / capacity planning
c) Sales forecasts / road access / land cost
d) Labour costs / land availability / environmental restrictions
Question 20: Re order point is the point
a) the level of inventory which triggers an action to replenish that particular inventory stock
b) It is a minimum amount of an item which a firm holds in stock before placing an order
c) Both
d) None of the above