Handing of piece of business to external supplier outside

Moving piece of business to another part of the world

What is the lead gap?

Time it takes produce/deliver is longer than customer wait

What is the cost plus margin (pricing model) ?

most used in contracts, adds "fee" for service +profitmargin

What is meant by reverse logistics?

reuse of products and materials (remanufacturing)

What is sypply chain resilience?

The ability to return to orginal state after being disrupted

What relationship management would fit kraljic matrix?

Strategic, Bottleneck, Tactical and Leverage

A demand-pull chain, quick reponse + synch. activities >info

Materials requirement planning systems are used to

plan and control orders with dependent demand

Which of the following best describes offshoring

transfer of specific process to low cost countries

What are the foundations of agility?

Synchronize activities through shared information

specifying requirements,identifying sources, eval. Options

What is the procurement process?

Specify requirement, indentify source, options and resources

What is a service level agreement (SLA) ?

A mutual agreed agreement between company buying and selling

Logistics is re-labeld by the new word SCM

Building with material handling and storage activities

What is the kraljic matrix?

A tool to understand value and procurement risk issues

The transaction-related aspect of procurment

An agile supply chain strategy works best with

short lead time, upredictable demand

What is the unionist view?

logistics is seen as a part of SCM

In the economic order quantity model, the following two sets of costs are considerd

Inventory carrying costs and order-set up costs

Offshoring is defines as

transfer of specific processes to low cost countries

hybrid, seperation through postponement

What is the key flows in SCM?

materials, information and resources

What is intersectionist?

There is a overlap between SCM and logistics

deciding the best way to procure

Agility is best used as a strategy by a company when

short lead time + unpredictable demand

What are the three Cs for competitive advantage?

Company ,customers and competitor

Which of the following is correct

procurment = sourcing + purchasing

What is sutainable supply chain and logistics

Reducing the enviromental + eliminate unnecessary freight

eliminating waste, based on toyota high volume + predictable

Inventory turnover is the ratio of

Cost all goods sold year /value average inventory held year

Which of these statements are correct?

SC collab cannot be achieved ny info tech. soloution alone

How can logistics provide value to customers?

Through service, quality, cost and time

Supply chain integration is a term that

Embodies various communication channels/linkages within SC

a JIT system is likely characterized by

Frequent orders of small quantities

Information visibility is the ability to

See information at various points across the supply chain

What are the drivers of sustainable supply chain?

Legil, cost reduction, social responsibility, market pressur

When is it best for a company to use postponement strategies

long lead time + unpredictable demand

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LOGISTICS AND SCM

50 termsStudBud Administration19 plays

#logistics #scm #supplychain

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Questions 50

Answers

1
What is outsourcing?
Outsource to another department
moving a piece of business to another part of world
Handing of piece of business to external supplier outside
the time it take to procure, deliver and give service
2
What is offshoring?
Exporting through another country
Handing piece of business to external supplier
Moving piece of business to another part of the world
Export the product in different ways
3
What is the lead gap?
global competitions from other organizations
A agility demand push-based
Time it takes produce/deliver is longer than customer wait
None of the above.
4
What is the cost plus margin (pricing model) ?
Deciding the best way to procure
Traditional unit pricing
most used in contracts, adds "fee" for service +profitmargin
Deciding areas of reponsibility
5
What is meant by reverse logistics?
Transport comes back
Joint optimation of technical and social system
reuse of products and materials (remanufacturing)
Ensures value for money
6
What is sypply chain resilience?
How you can stand against other competitors
The ability to return to orginal state after being disrupted
social responsibility
cost reduction and legilisation
7
What relationship management would fit kraljic matrix?
Strategic, Bottleneck, Tactical and Leverage
Bottleneck, strategic, cost reduction and delivery
Serivce, cost, resources, delivery
Cost reduction, strategic and delivery
8
What is Agil?
eliminating waste, based on toyota high volume + predictable
None of the above
A demand-pull chain, quick reponse + synch. activities >info
hybrid, seperation through postponement
9
Materials requirement planning systems are used to
plan and control orders with dependent demand
none of the above
forecast demand
plan and control orders with independent demand
10
Which of the following best describes offshoring
transfer of specific process to low cost countries
Transfer to third party and delivery of process by company
transfer all processes in-house
transfer of specific process to high cost countries
11
The acronym FCL stands for
final container load
full container load
none of the above
final cargo load
12
In the traditional perspective..
SCM is a part of logistics
logistics is a part of SCM
Both logistics and SCM overlap
SCM is just a re-labeling of logistics
13
What are the foundations of agility?
plan and execute
different product configurations
Synchronize activities through shared information
enabeling by postponment
14
What is procurement?
specifying requirements,identifying sources, eval. Options
manage level of risk and value
The transaction-related aspect of procurment
deciding the best way to procure
15
What is the procurement process?
Evaluationg options, specifying requriements, competitions
finding resources, evaluating options and delivering
Specify requirement, indentify source, options and resources
Finding resources and delivering
16
What is a service level agreement (SLA) ?
When a 3PL needs to charged seperatly costs
When risk is reduced for both parties
Scope of service
A mutual agreed agreement between company buying and selling
17
What is re-labeling?
There is overlap between SCM and logistics
logistics is seen as a part of SCM
Logistics is re-labeld by the new word SCM
SCM is a add-on to logistics
18
What is a warehouse?
Long term inventory holding
Short term goods holding
None.
Building with material handling and storage activities
19
What is transactional pricing? (pricing model)
Mutual agreement between contracter and supplier
How to motivate cost margin
Traditional unit pricing.
most used in contract. Adds "fee"+ profit margin
20
What is the kraljic matrix?
A tool to understand value and procurement risk issues
When the customer is directly impacted by the supply chain
joint optimation between technology and socially
A strategy to understand risk and evaluating options
21
What is purchasing?
manage level of risk and value
deciding the best way to procure
The transaction-related aspect of procurment
specifying requirements,identifying sources, eval. Options
22
An agile supply chain strategy works best with
short lead time, predictable demand
long lead time, unpredictable demand
short lead time, upredictable demand
long lead time, predictable demand
23
What is the unionist view?
logistics is re-labeld by the new word SCM
There is a overlap between SCM and logistics
logistics is seen as a part of SCM
SCM is add-on to logistics
24
Radio frequency identification (RFID) offers
remote communication of data
reduced stock keeping units (SKU)
slower information reporting
Improved product knowledge
25
What is the traditionalist view?
logistics is re-labeld by the new word SCM
There is a overlap between SCM and logistics
Logistics is seen as a part of SCM
SCM is add-on to logistics
26
Cross docking is a process that
improves product quality
bypasses storage
reduces materials handling
increases handling time of inventory
27
In the economic order quantity model, the following two sets of costs are considerd
Inventory carrying costs and inventory in transit costs
Order set-up costs and procurment costs
Inventory carrying costs and order-set up costs
Order set-up costs and sourcing costs
28
Offshoring is defines as
transfer of specific processes to low cost countries
transfer of some processes in-house
transfer of management to third party
movement of all processes in-house
29
What is storage?
Long term inventory holdning
Short term holdning goods
Building handling materials and storage activities
30
What is Leagile?
A demand-pull chain, quick reponse + synch. activities >info
eliminating waste, based on toyota high volume + predictable
None of the above
hybrid, seperation through postponement
31
A supply chain is best understood as
Network
business chain
Linear chain
value model
32
What is the key flows in SCM?
customer, service, quality
quality, time and service
materials, information and resources
logistics, service and time
33
What is intersectionist?
SCM is a add-on to logistics
logistics is re-labeld by the new word SCM
logistics is seen as a part of SCM
There is a overlap between SCM and logistics
34
What is sourcing?
specifying requirements,identifying sources, eval. options
deciding the best way to procure
The transaction-related aspect of procurment
manage level of risk and value
35
Agility is best used as a strategy by a company when
Long lead time + unpredictable demand
short lead time + unpredictable demand
short lead time + predictable demand
long lead time + predictable demand
36
What is terminal?
Building with material handling and storage activities
Short term goods holdning
Long term inventory
37
What are the three Cs for competitive advantage?
Company ,customers and competitor
Custom, Consumer, Competition
Consumer, Core , Care
Customer, Competitors and customs
38
Which of the following is correct
purchasing = procurment + sourcing
Sourcing = procurment + purchasing
procurment = procurment - sourcing
procurment = sourcing + purchasing
39
The upstream of the supply chain is?
retailer
Supplier end
customer end
focal company
40
What is sutainable supply chain and logistics
stragtegying the supply chain and managing the logistcis
Think about future generations
return to originale state after being disturbed
Reducing the enviromental + eliminate unnecessary freight
41
What is lean
hybrid, seperation through postponement
eliminating waste, based on toyota high volume + predictable
None of the above
A demand-pull chain, quick reponse + synch. activities >info
42
Inventory turnover is the ratio of
Value average inventory times cost of good sold in a year
Cost all goods sold year /value average inventory held year
Value of average inventory year /cost of all goods sold year
The number of times new stocks are delivered
43
Which of these statements are correct?
SC collab cannot be achieved ny info tech. soloution alone
Collaborative planning, forecast, CPFR not constrained scale
VMI is dependent upon decentralized Supplychain control
The less inventory turnover the better
44
How can logistics provide value to customers?
Through service, quality, cost and time
Thorugh money saved and express delivery
Through service and time
Through quality, quantity, delivery and service
45
slow moving items of are likely to be classified in an ABC inventory classification system as
B items
None of the above
A items
C items
46
Supply chain integration is a term that
Combine different business into one
Embodies various communication channels/linkages within SC
Illustrates the complexity and multiplicity of a supplyChain
Describes how information techn. are established within SC
47
a JIT system is likely characterized by
Les frequent orders of large quantities
Large orders irrespective of quantities
Frequent orders of small quantities
Less frequent orders of small quantities
48
Information visibility is the ability to
see all supply chain information on single use interface
See information at various points across the supply chain
avoid information overload
transfer information between supply chain partners
49
What are the drivers of sustainable supply chain?
reducing the freight
economic, ethic, culture
cust reduction, economic, pressure from logistics, legile
Legil, cost reduction, social responsibility, market pressur
50
When is it best for a company to use postponement strategies
long lead time + unpredictable demand
short lead time + predictable demand
short lead time + unpredictable demand
long lead time + predictable demand

LOGISTICS AND SCM Flashcards | StudBud