Halloween Special - Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: sntaclus

examout.co

Anagilesupply chain focuses on the elimination of waste. Is this true?

A.

Yes – an agile supply chain reduces waste and defects

B.

Yes – it introduces TQM to remove inefficiencies

C.

No – it incorporates continuous improvement until errors cease

D.

No – it focuses on responsiveness to changing customer demand

According to theSupply of Goods and Services Act (1982), which of the following isnota legal description of quality?

A.

Free from all defects

B.

Fit for purpose

C.

Safety

D.

Durability

Trust is a dynamic concept required in partnership relationships. Which of the following are part of thefive trust componentsimportant in supply chains?

A.

Integrity

B.

Competence

C.

Loyalty

D.

Power

E.

Charm

Which of the following tactics helps organisations in the middle of a supply chain protect themselves from theBullwhip Effect?

A.

Have buffer stock

B.

Conduct due diligence on lower-tier suppliers

C.

Employ a younger workforce

D.

Trade in a strong currency

Deborah discovers her company uses amulti-sourcing strategy. Which could be a reason for this?

A.

It shows loyalty to the supplier

B.

It ensures prices are low

C.

It maintains competition between suppliers

D.

It provides flexibility to suppliers

George, a property manager, agrees acost-pluspayment with a plumber. Which of the following will he need to know to calculate total price?

Select THREE.

A.

Cost of materials

B.

Cost of labour

C.

Supplier’s overhead and profit

D.

Supplier’s tax rate

E.

Supplier’s pension contribution

Jerry works in product development at a clothing manufacturer. The company is discussing ways of adding value for customers. Jerry suggestsreducing pricescould be a form of added value. Is he correct?

A.

Yes – this is a form of added value but requires the ability of the supply chain to reduce costs.

B.

Yes – this will increase the company’s profit margin.

C.

No – added value is only a form of innovation.

D.

No – as the customer is not offered anything additional to their purchase.

Where two organisations atdifferent levelsof the supply chain share responsibilities, resources, and performance information to serve similar end customers, what is this known as?

A.

Vertical collaboration

B.

Horizontal collaboration

C.

Tight supply chain collaboration

D.

Loose supply chain collaboration

Ahierarchically orientated organisationwould have which of the following characteristics?

A.

Flexibility and discretion

B.

Stability and control

C.

Integration focus

D.

Equality among employees

Which of the following is an example of aclosed-loopsupply chain?

A.

A farm supplying milk to a dairy manufacturer

B.

The extraction of diamonds from a mine sold to a jewellery manufacturer

C.

The sale of second-hand cars at a retail outlet

D.

A retailer which accepts old phones to be given back to the manufacturer