A) The activities needed to optimize the goods flow from suppliers to the point of consumption.
B) Recycling packaging materials and surplus materials.
C) Includes the management of materials planning, the supply of raw materials and other purchased goods, internal transportation, storage and physical distribution.
D) The way in which materials processes are managed within a company.
F) B) and D)
Correct Answer
verified
Correct Answer
verified
A) Neither the supplier nor the buyer can influence the price of the product because there are a large number of buyers and sellers.
B) There is a high degree of product differentiation.
C) A limited number of suppliers and a limited product differentiation.
D) The supplier cannot influence the price of the product because there are a large number of buyers.
F) C) and D)
Correct Answer
verified
Correct Answer
verified
A) Neither the supplier nor the buyer can influence the price of the product because there are a large number of buyers and sellers.
B) There is a high degree of product differentiation.
C) A limited number of suppliers and a limited product differentiation.
D) The supplier cannot influence the price of the product because there are a large number of buyers.
F) A) and C)
Correct Answer
verified
Correct Answer
verified
A) Identifying saving in direct and indirect activities.
B) Recycling packaging materials and surplus materials.
C) Includes the management of materials planning, the supply of raw materials and other purchased goods, internal transportation, storage and physical distribution.
D) The way in which materials processes are managed within a company.
F) A) and D)
Correct Answer
verified
Correct Answer
verified
A) Controls production capacity.
B) Releasing purchasing requisitions.
C) Taking into account the relationship between materials flows and the required capacity.
D) Controls relevant materials flows.
F) None of the above
Correct Answer
verified
Correct Answer
verified
A) A form of JIT based upon fixed volume lot delivery.
B) The exact same as just-in-time (JIT) .
C) Where the ordering costs per unit is lowest.
D) A form of JIT based upon fixed volume lot delivery. When a lot is used, the kanban (card) will be sent to the supplier as a signal to replenish that lot
F) None of the above
Correct Answer
verified
D
Correct Answer
verified
A) Customer orders, the sales plan, the planned stocks of finished products, and the purchasing plans are linked together.
B) The resources needed are recorded in a document from which the required composition of manufacturing resources is derived.
C) This is a basis for computing the quantities of materials, semi-manufactured products and components which must be manufactured.
D) Priorities are derived directly from the master production schedule.
F) None of the above
Correct Answer
verified
Correct Answer
verified
A) Achieving the highest delivery reliability.
B) Achieving the best order fulfilment.
C) Achieving the shortest delivery time.
D) Relationship management between the company and its suppliers as well as its customers.
F) C) and D)
Correct Answer
verified
D
Correct Answer
verified
A) An infrequent replenishment programme that uses the exchange of information between the retailer and the supplier to allow the supplier to manage and replenish product at the store or warehouse level.
B) A continuous replenishment programme that uses forecasts to allow the supplier to manage and replenish product at the store or warehouse level.
C) A monthly replenishment programme that uses the exchange of information between the retailer and the supplier to allow the supplier to manage and replenish product at the store or warehouse level.
D) A weekly replenishment programme that uses the exchange of information between the retailer and the supplier to allow the supplier to manage and replenish product at the store or warehouse level.
F) A) and D)
Correct Answer
verified
Correct Answer
verified
A) Requisitioning and ordering.
B) Product, contract and supplier database.
C) Order follow-up.
D) Reduced purchase prices.
F) A) and C)
Correct Answer
verified
Correct Answer
verified
A) Finished products are kept in stock at the end of the production process.
B) Finished products are distributed to various distribution points.
C) Orders are not released to customers.
D) Finished products are shipped directly to many geographically dispersed customers.
F) A) and B)
Correct Answer
verified
Correct Answer
verified
A) The finished product of one link is the main or sole input for the next production stage of various other industry columns.
B) The finished product of one link is the main or sole input for the subsequent link.
C) Various finished products of links of various supply chains are the input for the next link.
D) A company producing a diverse range of products.
F) B) and C)
Correct Answer
verified
Correct Answer
verified
A) Minimum of two suppliers.
B) Payment per order.
C) Delivery times and specification often change.
D) Delivery time and specifications fixed, quantities are adjusted within predetermined margins if necessary.
F) All of the above
Correct Answer
verified
Correct Answer
verified
A) Products are manufactured and distributed to various distribution points which are dispersed and located close to the customer.
B) Products are distributed to various distribution points.
C) Orders are ready for distribution.
D) Manufacturing is based upon forecasts and on expected stock turnover at the points of distribution.
F) A) and D)
Correct Answer
verified
Correct Answer
verified
A) A series of companies (links) in which the consecutive stages of production of an economic product take place, from primary producer to final consumer.
B) The way in which finished products are distributed by the company to its customers.
C) Includes the management of materials planning, the supply of raw materials and other purchased goods, internal transportation, storage and physical distribution.
D) The way in which materials processes are managed within a company.
F) None of the above
Correct Answer
verified
A
Correct Answer
verified
A) The activities needed to optimize the goods flow from suppliers to the point of consumption.
B) The way in which finished products are distributed by the company to its customers.
C) Includes the management of materials planning, the supply of raw materials and other purchased goods, internal transportation, storage and physical distribution.
D) The way in which materials processes are managed within a company.
F) A) and D)
Correct Answer
verified
Correct Answer
verified
A) Payment is made monthly based on units supplied.
B) Payment is made by the manufacturer on the basis of labour costs of the component supplier.
C) The manufacturer only pays the supplier for the components which have actually been consumed during the production of a given day or batch.
D) Payment is based on the number of hours required for the production of each unit of the component.
F) A) and D)
Correct Answer
verified
Correct Answer
verified
A) Price can be set by a market- or price leader, or arranged through some form or price arrangement.
B) There is a high degree of product differentiation.
C) A limited number of suppliers and a limited product differentiation.
D) The supplier cannot influence the price of the product because there are a large number of buyers.
F) B) and D)
Correct Answer
verified
Correct Answer
verified
A) Customer orders.
B) Forecast-based.
C) Internal audit.
D) Quality control.
F) A) and C)
Correct Answer
verified
Correct Answer
verified
A) The point in the supply chain where a production order becomes customer specific.
B) Activities are planned based upon customer order.
C) Orders are ready for distribution.
D) Activities are planned based upon forecast.
F) B) and D)
Correct Answer
verified
Correct Answer
verified
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