[TTC] Tổng hợp các câu hỏi trắc nghiệm từ cuộc thi sinh viên

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THE TRAINEE CLUB FOUNDATION OF LOGISTICS AND SUPPLY CHAIN *Nguồn tài liệu được thu thập từ The Trainee Club, một số thông tin được điều chỉnh để phù hợp. Lưu hành nội bộ học viên The Trainee Club 1) Redesigning the supply chain is one of the elements that make the supply chain more robust, secure, and agile by focusing on …? a. Location strategies b. Sourcing strategies c. Manufacturing strategies d. Pricing strategies 2) Match the non-financial KPIs with the according elements to measure a supply chain’s resiliency during disruption periods (one element can match with more than one KPI) 1. Agility 2. Flexibility 3. Information sharing A. Capacity utilization B. Supplier delivery efficiency C. Order lead time a. 1-B, 2-A, 3-C b. 1-A, 2-A,C 3-B c. 1-A,B, 2-A,C, 3-C d. 1-C,A, 2-B,A, 3-C 3) Resilience strategies are classified into two approaches: …. (a pre-disaster strategy which seeks to reduce the possibilities for disruption) and … (a post-disaster strategy which aims at reducing the consequences of disruptions) a. low risk, high risk b. proactive, reactive c. ecological, engineering d. operational, disruption 4) A supply chain of ABC’s retailer, warehouse, and factory is presented. ABC’s factory orders 1000 units of products every week from factory to warehouse, which aligns with the retailer’s demand. ABC’s warehouses hold a risk mitigation inventory of 7000 units. Due to a natural disaster, ABC’s factories are forced to shut down for 10 weeks. Assuming weekly shipment, calculate the weeks of stocking available for retailing during the 10 weeks of shutdown a. 7 weeks b. 10 weeks c. 3 weeks d. 1 week THE TRAINEE CLUB
5) In building resilience by balancing profitability and risk, low … (1) and high … (2) lead to an erosion of profits, whereas, high … (1) combined with low … (2) takes on more supply chain risk than the system is capable of withstanding a. (1) flexibility, (2) efficiency b. (1) vulnerabilities, (2) capabilities c. (1) visibility, (2) efficiency d. (1) adaptability, (2) efficiency 6) Which supply chain resilience strategies should be used for robustness and recovery dimensions: a. Multiple sourcing, Flexible Manufacturing System, E- based process b. Information sharing, Conditioning for disruption, Strategic stock and slack c. Supplier contract flexibility, Diversification, ERP System d. Revenue management via Dynamic Pricing, Parallel process, and Interchangeable people 7) Match the themes that shape post-disruption recovery efforts to suitable actions: 1. Reassess make-or-buy decisions 2. Sustain new norms through operations 3. Reassess the total operational cost structure A. Building operations resilience B. Increasing operating expense transparency C. Driving the future of work a. 1-C 2-B 3-A b. 1-A 2-B 3-C c. 1-A 2-C 3-B d. 1-C 2-A 3-B 8) Which of the following statements is true about the bullwhip effect and ripple effect: a. The ripple effect mainly decreases current performance parameters such as dally stock-out and overage costs; whereas the bullwhip effect reduces the critical parameters such as service level and total costs. b. The bullwhip effect happens when the disruption-based scope of changes in supply chain structural design; while operative problems such as demand fluctuation are common causes of the ripple effect. c. The ripple effects can lead to failure in operative parameters such as lead time and Inventory; whereas the bullwhip effect may cause structure problems and reduce service levels d. In recovery, it is required middle and long-term solutions with significant investments for ripple effects, while short-term solutions to balance demand and supply are usable for the bullwhip effect. 9) Match the goals of the supply chain with suitable measurements: 1. Waste reduction 2. Time compression 3. Product/process innovation THE TRAINEE CLUB
A. Product finalization point B. Supply chain cost of ownership C. Supply chain cycle efficiency a. 1-A 2-B 3-C b. 1-B 2-A 3-C c. 1-C 2-B 3-A d. 1-B 2-C 3-A 10) As supply chain transparency has been considered one of the best solutions for boosting resilience in a supply chain, it is obvious that sharing information between members of the supply chain is crucial. To achieve that goal, which one of the following does not need to proactively share their information with other actors? a. End-consumers b. Actors on the same levels in a supply chain c. Manufacturers d. Raw-material suppliers 11) According to the impact and likelihood of supply chain disruptions classification framework, which of the following can be considered as "high impact and high likelihood disruption: a. Visible quality problem, Single port closure b. Visible quality problem, Single port closure c. Labor unrest, Loss of key suppliers d. Transportation disruption, IT system failure 12) Last month, the customer order was 1200 units, and the safety stock is 25% of demand. The demand is predicted to decrease by 10% per month. Calculate the fluctuations in production rates of the manufacturer in this month. a. Decrease by 10% b. Decrease by 12,5% c. Decrease by 15,6% d. Increase by 15,6% 13) Which of the following indices is NOT used to analyze and calculate the impact of capacity disruptions at the main vendor on overall supply chain performance? a. Total Revenue b. Order fulfillment c. Total costs d. None of the above 14) TTC is a facemask manufacturing company with a safety inventory level of 10.000 units. Due to a disease lockdown policy, TTC's factories have to be shut down for 4 months. With each month's actual demand being 3000 units, how many units should TTC have stocked so that the Risk Exposure Time during the lockdown equals 0? a. 7000 units THE TRAINEE CLUB
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b. 12000 units c. 10000 units d. 11000 units 15) According to the triangle of resilience concept, the disruption severity of the company was proportional to the: a. Recovery time b. Recovery performance c. Degree of resilience d. Performance level 16) There are two basic factors in quantitative analyses for risk: the likelihood of a risky event occurring, and the consequences when the event does. When there is a 90 percent chance of no delay, and any delay costs $20.000, calculate the expected value of an event of a delay. a. 20000 b. 2000 c. 18000 d. Cannot calculate 17) One of the risk actors in a supply chain might incur is raw material shortages. Which one of the following should NOT be used to build resilience for the whole supply chain, regarding the aforementioned aspect? a. Planning to order components earlier than usual and allowing extra time for delivery b. Ordering in large lots for unperishable goods c. Reducing the share of components sourced from any single supplier d. Adding a production model using two different designs for the same products 18) As an overview of supply chain resilience, which of the following is not considered a resiliency factor? a. Supply chain market position, Supply chain security b. Supply chain recovery. Supply chain dispersion c. Supply chain capacity, Supply chain efficiency d. Supply chain risk, Supply chain vulnerability 19) TTC is a screwdriver manufacturing company with the expected service level of 95%. During political-social unrest which lasted 3 months, 30% of TTC's manufacturing had to shut down for safety precautions. Due to a risk mitigation policy in safety stock, TTC can still keep up with 95% service level. After the unrest has ended, it takes TTC a month to fully recover to the usual rate of supply and service level of 95%. In which period of time should TTC consider establishing reactive mitigation strategies? a. 3 months of unrest b. 1 month of after-unrest THE TRAINEE CLUB
c. Period of time before unrest d. Period of time after fully recovered 20) If the sale volume peaks at 200 units per month, then and the profit margin is $20 each. In two recent months, there has been a delay in production that caused a 2% reduction in the average volume of 150 units per month. Calculate the profit lost of delay. a. 4120 b. 4200 c. 1200 d. 4000 21) Which of the following consequences is a result of shipping directly from the point of manufacturing to the customer rather than through a distribution network? a. Delivery lead times are consistent b. Distribution overhead is increased c. Risk pooling benefits are negated d. Order-fill rate is decreased 22) IKEA, which is a Swedish furniture retailer with large stores in more than 20 countries, has targeted customers who want stylish furniture at a reasonable cost. Which part of the strategy should not be adopted by IKEA to make an efficient supply chain with low demand uncertainty? a. Adopting ETO models in MPC systems b. Limits the variety of styles that it sells through modular design c. Passes along little uncertainty to its manufacturers in developing countries d. Inventory at large IKEA store 23) LogPharma is a pharmacy retail chain. In a city, the company operates 10 stores supplied from 2 supply sources. Vans can transport 80,000 units in one shipment and cost $800 per load plus $40 per delivery. The cost of holding one unit in inventory at retail for a year is $0.2. The company applies the direct shipping network. Calculate the annual transportation cost of LogiPharma if sales for each product at each retail store are 1,200,000 units a. 126000 b. 412000 c. 152000 d. 252000 24) Major retailers place pressure on manufacturers of liquid laundry products to reduce the amount of water content by half. Where should the manufacturers focus to gain this green initiative improvement effort? a. Transportation mode selection b. Material handling c. Product design d. Packaging THE TRAINEE CLUB
25) How can a company fulfill the requirement of differentiated delivery lead time with higher net profits? a. Apply logistics network design with differentiated delivery lead time b. Apply consolidated logistics network design using consolidation hubs c. Apply logistics network design with price discount d. Outsource the operations 26) LSC Inc. is a producer of FMCG products. The company currently serves a high-density market, whereas the warehouse is far from the market. LSC should…? a. use the in-house fleets with milk-run distribution b. outsource a Logistics Service Provider to do the milk-run distribution c. ship the products to a cross-dock center, then apply the milk-run to customer d. use the private fleets with cross-docking 27) Which following statement is true? a. Rising number of destinations in milk-run leads to rise in higher transportation cost and lower inventory cost b. Companies like Shopee should use direct shipment with milk-run c. For high value-to-weight ratio products, reducing transportation costs is more important than inventory costs d. Lead time in direct shipment is long whereas the inventory is small 28) An instant noodle company wants to support people as the COVID-19 occurs. One truckload is about 1500 units, whereas the demand for one ward is about 150-200 units. These received wards are situated near each other. Which of the following networks should the company choose? a. Direct shipment b. Hub-and-spoke c. Cross-docking d. Milk-run 29) Logi LLC is making a distribution plan for their products. As known, responsiveness is one of their top priority in distribution activities. Which of the following solutions is the most suitable with Logi? a. Outsourcing the transportation with inventory aggregation b. Outsourcing the transportation with inventory disaggregation c. In-house transportation with inventory disaggregation d. In-house transportation with inventory aggregation 30) Customer demand is 200 units per week. Each employer works on an 8-hour shift every day, 6 days per week basis. Each shift has a half an hour lunch break and two 15-minute coffee breaks. To be able to meet demand, production must occur at the rate of one unit every a. 12.6 minutes THE TRAINEE CLUB
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b. 15 minutes c. 18 minutes d. 20 minutes 31) Companies that have low sales histories and serve markets with unstable demand and confusing forecasting tend to focus on which producing strategy? a. Make-to-order b. Assemble-to-order c. Make-to-stock d. Engineer-to-order 32) LogiHouse is an FMCG company, which has several warehouses and 30 retail stores. The products are regularly transported from warehouses to a Distribution Center. Then, these commodities will be split and moved to the stores. Which transportation system does Logi House follow? a. Direct shipment network b. Tailored network c. Direct shipping with milk-run d. Hub-and-spoke network 33) The ABC retailer has decided to provide a high level of variety while carrying low levels of inventory, so what strategy is fit for it? Choose the best answer. a. Choosing suppliers & carriers based on their responsiveness b. Targeting the most sustainable and environment-friendly transport solution c. Choosing suppliers & carriers based on their low prices d. Choosing suppliers with the highest product quality 34) What can help an organization ensure that each component or rare material in a returned product is properly recycled and tracked for compliance purposes? a. Bill of material for disassembly b. Unique identifiers down to the product level c. Designing products with larger amounts of rare materials d. Return material authorization for disassembly 35) The process of moving inventory immediately from receiving to the shipping dock without being stored in a warehouse is called? a. Consolidation b. Cross-docking c. Break bulk operation d. Quick response 36) A carrier takes three weeks to deliver a product that has average sales of 1,000 units per week. The unit cost is $20 each and the carrying cost is 15%. What is the savings in the transportation inventory cost if the manager decides to change the mode of transportation to decrease time to one week? a. 2000 b. 4000 c. 6000 THE TRAINEE CLUB
d. 9000 37) What are the characteristics of goods that should apply "manufacturer storage with direct shipping" design for the distribution network? a. High value and high demand b. Low value and high demand c. Medium value and high demand d. High value and low demand 38) For products with a high level of uncertainty in demand, the following strategy is suitable a. Keeping a lower amount of safety stock and using a faster mode of transportation b. Using a faster mode of transportation c. Keeping a higher amount of safety stock and using a faster mode of transportation d. Keeping a higher amount of cycle stock 39) If 80% of an organization's purchasing spend is involved in tactical buying and 20% is involved in strategic sourcing, the organization should organize its SRM system to a. focus on tactical buying b. address total spend rather than one category over another c. address the tactical buying items to make more of them strategic d. focus on strategic sourcing 40) To improve customer service and profits, a manufacturer leads a group of trading partners that are working together. Which of the following approaches is most suited for coordinating supply and demand throughout the supply chain? a. Sales and operations planning b. Distribution requirements planning c. Supply chain event management d. Supply chain operations reference-model 41) A distributor has a network consisting of a central distribution serving five regional distribution centers that ship to multiple retailers. The distributors want to reduce inventory while maintaining product availability. Which of the following actions is most likely to produce the desired outcomes? a. Centralizing inventory for slow-moving items b. Reducing the quoted price for slow-moving items c. Implementing continuous replenishment at the regional centers d. Implementing cross-docking at the central distribution center 42) Use of a fixed order quantity model is most likely to be effective in which of the following cases? a. Lead time is highly variable THE TRAINEE CLUB
b. Production is run on lean assumptions c. Demand is highly unpredictable and low d. The shipper is looking for quantity discounts 43) When a company produces highly customized products, their manufacturing process will most likely be? a. Batch-oriented b. Job-oriented c. Fixed line d. Project-based 44) Thuong Dinh has received an order to make 400,000 gold medals for an event. The firm has just bought some machines, each can manufacture at a speed of 200 medals per hour. The cost of preparing the machines is $80 per machine, and the total operating cost is $5.76 per hour. Estimate the number of machines the firm should use to minimize cost. a. 5 machines b. 0 machines c. 10 machines d. 12 machines 45) A make-or-buy decision is an act of choosing between manufacturing a product in-house or purchasing it from an external supplier. Also referred to as an outsourcing decision, a make-or-buy decision compares the costs and benefits associated with producing a necessary good or service internally to the costs and benefits involved in hiring an outside supplier for the resources in question. Which of the following is NOT a factor in deciding whether to make or buy? a. Sales volume b. Cost factors c. Political and social factors with the organization d. Existence of sufficient administrative/technical personnel 46) A make-or-buy decision is an act of choosing between manufacturing a product in-house or purchasing it from an external supplier. Also referred to as an outsourcing decision, a make-or-buy decision compares the costs and benefits associated with producing a necessary good or service internally to the costs and benefits involved in hiring an outside supplier for the resources in question. Which of the following is NOT a factor in deciding whether to make or buy? a. Sales volume b. Cost factors c. Political and social factors with the organization d. Existence of sufficient administrative/technical personnel 47) Ordering cost for each product manufactured by TTC joint stock company with a 100-unit EOQ drops from $160 per order to $40. The updated EOQ is: a. Twice as large THE TRAINEE CLUB
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b. Four times as large c. One-fourth as large d. Half as large 48) TTCace corporation wants to select the most optimal order quantity. Their supplier reduces price when larger quantities are purchased. Given that holding cost is 20% of the product value per year, ordering cost is $150 per order, and the company's yearly demand is 6400 units. The table below shows the quantity discount schedule of TTCace's supplier. Calculate the optimal order quantity for each price. Discount number Discount quantity Discount (%) Discount price 1 0 to 1199 0 $7 2 1200 to 2199 5 $6.65 3 2200 to 3199 10 $6.3 a. Q1= 1172, Q2=2199, Q3=2200 b. Q1= 1172, Q2=1202, Q3=2200 c. Q1= 1199, Q2=2199, Q3=3199 d. Q1= 1199, Q2=1202, Q3=2200 49) TTC company sources several components from Indonesia. The manufacturer must decide on the portfolio of transportation contracts to carry. Evaluate the optimal amount of the asset to be purchased in bulk with the following data Label Data Mean 12 million units Standard deviation 5 million units Long-term bulk contract costs/month/1 million units $14,000 Average price of Transportation capacity in the spot market/1 million units $17,500 a. 8.79 million b. 7.89 million c. 7.79 million d. 8.89 million 50) SCR corporation sells their goods via their home parties and e-commerce channels. What distribution channel used by them: a. A direct distribution channel b. An indirect distribution channel c. A layered distribution channel d. A functional distribution channel THE TRAINEE CLUB
51) The House of Quality (HOQ) is defined as a product planning matrix that is built to show how customer requirements relate directly to the ways and methods companies can use to achieve those requirements. What is the purpose of the lower level or foundation in the House of Quality? a. Compare your organization to the competition b. Make notes about customer "wants" c. Rank the "how's" d. List the actions your organization will take to satisfy your customers (known as the "how's") 52) TTC Corporation is making a decision on opening a new manufacturing plant. There are two potential locations and the location factors, factor rating and scores for them are shown in the table below. Which is the best location based on the factor rating method? No. Location factor Factor rating Rating Location 1 Location 2 Location 3 Location 4 1 Facility utilization 7 6 5 3 4 2 Labor availability and cost 6 4 5 6 3 3 Proximity to raw materials 3 2 1 2 2 4 Land and construction costs 4 3 2 2 3 5 Market proximity 2 1 2 1 2 a. Location 1 b. Location 2 c. Location 3 d. Location 4 53) Which of the following is NOT one of ISO 9000:2000 Quality Management Principles? a. Mutually Beneficial Supplier Relationships b. Quality Assurance c. System Approach to Management d. Factual Approach to Decision Making THE TRAINEE CLUB
54) What is the term used to describe the all-encompassing process that unites shippers, carriers, and receivers in order to eliminate inefficiencies in the transportation planning and execution? a. National transportation exchange b. Nistevo c. Collaborative transportation management (CTM) d. Inter-load 55) When you relocate a shipment from Hanoi to Ho Chi Minh city, the subsequent return movement from Ho Chi Minh city to Hanoi is commonly known as a. Linehaul movement b. Backhaul movement c. Reciprocal movement d. Flipside movement 56) Bullwhip effect is the the supply chain. fluctuation in orders or cancellations that often occurs as orders move through a. Cyclical b. Stable c. Increasing d. Decreasing 57) Lot-for-lot techniques order is suitable for continuous manufacturing. These following statements are true about its rule EXCEPT a. If Setup costs are high, it can be expensive b. The holding cost will be the lowest as no extra inventory is ever carried. c. Cost less than economic order quantity (EOQ) d. Planned order will equal net requirements 58) How many of the following statements are NOT TRUE about the characteristics of different modes of transportation? 1. Roadways has high mobility, flexibility, and invested capital 2. Waterways has low invested capital and high traffic capacity 3. Railways needs a large number of human resource, also has high invested capital and mobility, flexibility 4. Lines in airways greatly depend on the airport system 5. Pipelines has high transportation cost than other modes a. 3 b. 4 c. 1 d. 2 59) Regardless of whether the collaboration involves a logistics service provider or not, effective supply chain relationships in today's context thrive when there is collaboration among the who are involved. a. Customers b. Suppliers c. Participants THE TRAINEE CLUB
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d. Third party logistics provider 60) When customers consider using IWT, logistical decision makers inside the companies need information on several decision factors. Which of these following factors is not concerned about? a. Door-to-door transit time b. Infrastructure c. Cost d. Reliability 61) What methods may companies employ to gather Voice of the Customer data from external customers? a. None of the above b. Inbound voice recordings and translations c. Observations and defect data d. Surveys and focus groups 62) Due to the excessive demand, TTC corporation is planning to open a new warehouse. The new warehouse is expected to store 7 main products. Given that a monthly turnover ratio is maintained at 3. In the warehouse 50% of the space is used for aisles, 70% is utilized to anticipate variability in space requirements. An average mix of the products takes up 0.5 cubic meters per kg and can be stacked 16m high. The warehouse, with equipment, can be constructed for $30 per square foot, amortized over 20 years, and operated at $0.05/kg of throughput. Annual fixed costs are $3 per sq.m of total space. Space may be rented for a space charge of $0.1 per kg per month and an in-and-out handling charge of $0.07 per kg. SCR has an intention to build their new warehouse with an area of 60000 m2. Evaluate the annual cost of this warehouse with the following demand: Month Demand (Kg) Jan 66500 Feb 328000 Mar 1048500 Apr 2141000 May 2820000 Jun 2395000 Jul 1303000 Aug 460000 Sep 99900 THE TRAINEE CLUB
Oct 15300 Nov 302200 Dec 556700 a. $916,610 b. $913,351 c. $906,610 d. $903,351 63) The newly introduced production strategy in the twenty-first century, which combines lean manufacturing principles, Six Sigma methodologies, and real-time actionable insights from the factory floor, is referred to as: a. adaptive manufacturing b. capacity requirements planning c. machine flexibility d. just-in-time inventory 64) A distribution network can be seen as the flow of goods from a producer or supplier to an end consumer. The network consists of storage facilities, warehouses, and transportation systems that support the movement of goods until they reach the end consumer. The process of ensuring the consumer receives the product from the manufacturer is done through direct sales or by following a retail network. As the quantity of stocking points is reduced within a distribution network, fixed costs will while variable costs will a. Increase: decrease b. Increase; increase c. Decrease: decrease d. Decrease: increase 65) The supply chain function that collaborates with advertising and technical to find and qualify potential suppliers of products and services, as well as to maintain ongoing supplier relationships. This supply chain activity is a. Logistics b. Capacity planning c. Purchasing d. Forecasting 66) TTC manufactures three main products, the factory manager want to find out the break even point in dollars according to the following data, given that fixed cost are $5000/month Item Annual forecast demand Price Variable cost A 10000 6 4.5 B 15000 4.5 3 THE TRAINEE CLUB
C 9000 3 2 a. $198,354.83 b. $299,354.83 c. $199,354.83 d. $197,354.83 THE TRAINEE CLUB
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67) The TTC company is determining their service level based on how it affects sales and the cost of providing service level. Given the data below: Percentage of Orders Delivered within One Day 80 90 95 100 Estimated annual sales (millions of $) 15.0 16.5 17 20 Cost of distribution (millions of $) 8.0 8.5 13 22 Determine the optimal service level for TTC a. 95% b. 100% c. 80% d. 90% 68) How many of the following are functions of the purchasing organization? 1. Negotiate general conditions of purchase with vendors 2. Set pricing conditions 3. Represents an independent accounting unit 4. Responsible for purchasing a specific group of materials 5. Legally responsible for completing purchasing contract a. 1 b. 4 c. 2 d. 3 69) How many of the following statements are TRUE about SRM: 1. Transactional Supplier Relationship Management (SRM) enables the company to comprehensively analyze its entire supplier base. 2. An SRM strategy involves a scenario where a supplier's employee is stationed permanently within the buyer's purchasing department. 3. Enhanced visibility provided by SRM software can result in smoother processes, quicker cycle times, reduced new product development timelines, and improved time-to-market. 4. The automation of procurement activities can yield substantial cost savings as buyers transition towards exception-based process management. a. 1 b. 2 c. 3 d. 4 70) How many of the following statements are correct: 1. The significance of inventory management has diminished compared to its previous importance, owing to the emergence of other influential factors. THE TRAINEE CLUB
2. Inventory serves a dual purpose within organizations, affecting both the cost of goods sold and providing support to the balance sheet-an aspect that has gained attention relatively recently. 3. Purchase economies and transportation economies do not exhibit a mutually reinforcing relationship. 4. The decision to maintain inventory arises when an organization foresees the potential occurrence of an exceptional event that could adversely affect its supply source. a. 1 b. 2 c. 3 d. 4 71) This table portrays the expected demand of TTC company for 7 months. Known TTC using a constant workforce plan (number of workers do not change over time). It takes 2 labor hours to produce a unit. Calculate TTC number of workers Month Expected demand Production days Demand per day 1 1000 30 34 2 856 28 31 3 971 22 45 4 987 21 47 5 1098 22 50 6 891 20 45 7 920 24 39 a. 11 b. 12 c. 10 d. 9 THE TRAINEE CLUB
72) Match the correct types of processes Type of process Description Value-creation processes 1. Those most important to an organization's value creation processes, employees, and daily operations Design processes 2. Those that create or deliver products Production/delivery processes 3. Those most important to "running the business" Support processes 4. Activities that develop functional product specification a. a-1, b-3, c-2, d-4 b. a-3, b-2, c-4, d-1 c. a-1, b-4, c-2, d-3 d. a-3, b-4, c-2, d-1 73) TTC corporation receives orders for one of its products. The product line contains three separate items that customers order in various combinations. From a sampling of orders over time, the items appear on orders in seven different combinations with frequency in the table below. Also from TTC historical records, the probability of having each item in stock is SLA 0.95; SLB 0.90; SLC 0.80. Compute the weighted average fill rate (WAFR)? Item Combination on Order Frequency of Order A 0.1 B 0.1 C 0.2 A, B 0.2 A, C 0.1 B, C 0.1 A, B, C 0.2 1.0 a. 80% b. 90.1% c. 80.1% d. 90% THE TRAINEE CLUB
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74) Inventory holding costs are the fees incurred for storing goods or inventory in a warehouse. What would be an example of a stock holding cost? a. Shipping fees b. Sales commission c. Advertising for finished goods d. Warehousing worker wages 75) Logistics is transitioning from a low-priority, fragmented role to a key integrated one. This is a significant transformation that normally goes through the following stages. Rearrange the stages in integration that they are in the correct order: 1. Internal integration - recognising the benefits of internal co-operation and combining the separate functions into one. 2. Recognising that the separate activities of logistics are important for the success of the organization. 3. Developing a logistics strategy, to set the long-term direction of logistics 4. Separate logistics activities are not given much attention or considered important. 5. Making improvements in the separate functions, making sure that each is as efficient as possible. 6. Continuous improvement - accepting that further changes are inevitable and always searching for better ways of organizing logistics. 7. Benchmarking-comparing logistics' performance with other organizations, learning from their experiences, identifying areas that need improvement and finding ways of achieving this. a. d-b-a-e-f-g-c b. a-c-b-g-f-e-d c. a-c-b-d-e-f-g d. d-b-e-a-c-g-f 76) SCR acknowledges the importance of cooperation in providing better customer service and reducing distribution costs, both within the firm and across all marketing channel organizations. SCR will begin practice. a. Horizontal marketing system management b. Supply chain management c. Customer relationship management d. Integrated logistics management 77) Rearrange the following process of R&R studies: a) Randomly measure each part by each operator for r number of trials b) Select m operators and n parts c) Compute key statistics to quantify repeatability and reproducibility d) Calibrate the measuring instrument a. a-c-d-b b. b-d-a-c c. b-c-a-d d. a-d-b-c THE TRAINEE CLUB
78) Since introducing distribution requirements planning, management at a company has had increased complaints from staff at satellite warehouses that the variances of local demand are being ignored, and they often are unable to meet demand. An effective response from management would be to: a. Permit last-minute changes to the production schedule. b. Increase safety stock at the central warehouse of items that are repeatedly out of stock. c. Allow adjustments to the forecast based on input relating to local sales activity. d. Implement an ABC inventory management strategy. 79) Prioritization matrices serve several purposes, select the correct purposes. I. They aid in logically narrowing down the team's focus before detailed implementation planning can occur. II. They facilitate the selection of priority items by assessing each item against a predefined set of criteria. III. They assist in arranging process activities in a sequential order. IV. They help identify decision points within a process improvement initiative. a. I-II-IV b. I-II c. I-II-IV d. I-III e. II-III 80) Match the correct types of errors: a) Task errors b) Treatment errors c) Tangible errors 1. Instances of inadequate customer-server interaction can involve behaviors lacking courtesy, failure to acknowledge or respond appropriately, and insufficient listening to the customer. 2. Examples of issues may include poorly maintained facilities, unclean uniforms, inappropriate temperature control, and errors in documentation. 3. This category encompasses actions like performing tasks incorrectly, working on unrequested assignments, working on the wrong order, or exhibiting slow work pace. a. a-3, b-1, c-2 b. a-3, b-2, c-1 c. a-1, b-3, c-2 d. a-1, b-2, c-3 81) What is one benefit of employing a single sourcing strategy within an operation? a. increased flexibility of supply b. continuity of supply c. ability to keep prices down d. lower administration cost THE TRAINEE CLUB
82) Intermodal freight transport involves the transportation of freight in an intermodal container or vehicle, using multiple modes of transportation, without any handling of the freight itself when changing modes. Intermodal transportation which is the process of transferring containers from trucks to ships for transportation known as: a. Piggyback b. COF c. Birdyback d. Fishyback 83) TTC corporation in manufacturing gearboxes, in one of the step of making the gearbox the data is given in the following table Total observe time 2 min Performance Rating 115% Allowance 10% Determine the normal time and the standard time a. Normal time = 2.3 mins, standard time = 2.2 mins b. Normal time = 4.3 mins, standard time = 2.2 mins c. Normal time = 4.3 mins, standard time = 2.4 mins d. Normal time = 2.3 mins, standard time = 2.4 mins 84) Match the Types of Purchase Order Processes with the correct definitions: Types of purchase orders Definitions a. Standard purchase order (PO) 1. In comparison to the other three types, these orders necessitate more detailed information as they are placed with vendors who are not established long-term collaborators. b. Planned purchase order (PPO) 2. Provides minimal specific information, only outlines the agreed-upon terms and conditions between a company and a supplier. A contractual agreement that stipulates the occurrence of future purchase orders and provides guidelines for their implementation. c. Blanket purchase order (BPO) 3. The omission of delivery information in this type of order implies that the specific date and location for each item are not included during its creation. d. Contract purchase orders (CPO) 4. A contract established with a supplier for upcoming purchases where the exact quantity of items is unspecified. THE TRAINEE CLUB
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a. a-1, b-3, c-4, d-2 b. a-2, b-1, c-3, d-1 c. a-1, b-4, c-3, d-2 d. a-3, b-2, c-1, d-4 85) For herself, Lisa purchased a new smartphone. She informed her parents that in addition to the standard functions like messaging and phone calls, a mobile phone also includes a camera, Facebook functionality, and music capabilities. What Dimension of "product quality" is Lisa referring to? a. Performance b. Aesthetics c. Conformance d. Features 86) Maersk Line - a shipping line established in Denmark that has controlled the shipping business for more than 25 years - is a subsidiary of AP Moller. MAersk Line was founded in 1904 and now operates 738 container ships with a capacity of about 4,275,542 TEUs (equivalent units of 20 feet). Where is maersk ranked in terms of TEU in 2022 a. 2 b. 4 c. 1 d. 3 87) Given the Effect of Lot size in costs above, which represents 1, 2, 3, 4? a. Total cost - ordering cost - holding cost - material cost b. Total cost - holding cost - ordering cost - material cost c. Total cost - holding cost - material cost - ordering cost d. Total cost - material cost - ordering cost - holding cost 88) Mr. LSChef is working in Forecasting's Department. During his work, he heard a lot of terminologies that caused confusion. THE TRAINEE CLUB
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How many statement(s) below are CORRECT when talking about forecasting? 1. When LSCompany launches a new mooncake, predictions are necessary both for new cake sales and their influence on existing mooncake's product line. Forecasting is useful when those interactive factors in the past are assumed to be maintained in the future. 2. Seasonality is a data pattern that repeats itself that it may take years for a cycle to take its course and start over. Meanwhile, cyclical is a data pattern that repeats itself over the period of one year or less. 3. The tracking signal is used to monitor forecast quality, determining whether the forecasting method is under control. It is the result of cumulative error divided by average deviation. Additionally, the unit of a tracking signal is mean absolute deviation (MAD) a. 2 b. 0 c. 3 d. 1 89) Road freight transport operations could be broken down into two main types: primary transport and secondary transport. Since primary and secondary transport require different methods of planning and management, it is needed to understand the differences between these two types. of operation Which type of operation is each of the following descriptions related to? a. This type of operation is seldom regarded as an added value activity in the operation, because there is no direct link to the final customer or with the retail store. b. A business can improve customer experience with this type of operation. c. This type of operation typically involves shipping goods to single delivery points per vehicle journey d. One example of this type of operation is the movement of goods from regional distribution center (RDC) to retail outlets e Customer-facing is the core factor in this type of operation. f. The top criterion of this type of operation is cost reduction. g. It is sometimes called local delivery h. This type of transport is usually known as multi-drop deliveries a. Primary transport - a, b, c, g. Secondary transport - d, e, f, h b. Primary transport a, b, e. h. Secondary transport - c, d, f, g c. Primary transport a, c, e, g. Secondary transport - b, d, f d. Primary transport a, c, f. Secondary transport-b, d, e, g, h 90) The cost-ratio method relates all identifiable purchasing costs to the value of shipments received from individual suppliers (Zenz, 1994). Each cost ratio is assigned to a specific rating, subject to various performance criteria. The lower the ratio of costs to shipments, the higher the rating for the supplier. This method typically follows the steps described here: 1. Measure the costs for quality, delivery, and service separately. 2. Divide them into the total purchases from the supplier, resulting in three cost ratios. 3. Compute the supplier's overall cost-ratio. 4. Adjust the supplier's bid price for comparison purposes. THE TRAINEE CLUB
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F4 Company used the cost-ratio method to find a suitable supplier for their special campaign. The following table presents two potential suppliers of the company at this stage. Which supplier will be selected and compute the supplier's bid price after adjusting according to the table below a. Supplier A - 151.50 b. Supplier B - 153.04 c. Supplier B - 155.04 d. Supplier A - 157.5 91) To limit some disruptive last-minute changes and keep operations running on time and within budget once they are committed, demand prioritization may include setting time fences: In master scheduling, there are two types of time fences: the demand time fence and the planning time fence, which create three zones: Frozen Zone, Slushy Zone and Liquid Zone. Which of the following descriptions of Slushy Zone is CORRECT? a. Created by the remaining planning horizon after the planning time fence. b. All changes are permissible as long as they don't violate the limits set in the production plan. c. Changes require the approval of senior management. d. There is room to negotiate in the form of tradeoffs. 92) Operating a warehouse involves several activities whose performance decides the efficiency of the warehouse operation. These activities are receiving goods, identifying the goods, dispatching goods to storage, holding goods, picking goods, consolidating the shipment, dispatching the shipment, and recording the information. Which of the following statements is INCORRECT about the activity "record the information"? a. A record of stock must be maintained for each item which includes the quantity of stock on hand, received, issued, and where the stock is in the warehouse. THE TRAINEE CLUB
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b. Written information, human memory, and sophisticated computer-based system are both systems of the information recording. c. Both A and B. d. Recording the information identifies the appropriate stockkeeping unit (SKU) number (part number) and the quantity received is also recorded. 93) The HPTU Company wants to predict future sales of smartphones for a local retailer using simple exponential smoothing method and they have collected the monthly sales data to determine which factor should be used. The Head of Demand Management Department decides to use the factor that has the lowest Mean absolute percentage error (MAPE). What factor that the company may use to forecast its future sales? a. They can use either factor b. 0.1 c. They should use another forecasting method d. 0.5 94) As retailers like Walmart seek speedier and more sustainable fulfillment solutions, anticipate drones to play a more significant role in the final mile, including product retrieval. Aside from satisfying customers' increased expectations, Walmart sees drones as a more sustainable fulfillment alternative than vehicles, and delivering items to customers is only one way they want to use them. They're also looking into using drones to retrieve items, and as part of that. they're collaborating with a number of companies that use mailboxes. Walmart, which has made over 6,000 drone deliveries to date, is expanding its drone operations to an additional 34 hubs, increasing the retailer's total to 37 hubs across seven. states and 26 cities. According to Walmart, how many SKUs deployable via drones does it have currently? THE TRAINEE CLUB
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a. 150,000 SKUs b. 250,000 SKUs c. 50,000 SKUs d. 100,000 SKUs 95) We see additional steps that companies can take to remove some of the social and environmental risks that are commonly part of the fast-fashion model. According to McKinsey, which action NOT makes their supply chain more circular? a. Supply clients with direction and support to comply with the latest labor and environmental regulations, and hold them responsible for performance shortfalis to meet the standards. b. Establish standards and procedures for creating clothing that can be effortlessly reused or recycled. c. Support the development of mechanical- and chemical-recycling technologies. d. Urge customers to maintain their garments at any price. 96) In choosing the suitable transportation network, the company could choose the option that suppliers send their shipments to an intermediate transit point (could be a DC) where they are cross-docked and sent to buyer locations without storing them, which is defined as "All Shipments via Intermediate Transit Point with Cross-Docking". How many descriptions below are disadvantages of the network structure of All Shipments via Intermediate Transit Point with Cross-Docking? a. 4 b. 1 c. 3 d. 2 97) LSCompany is revising its inventory performance by taking into account some figures from the financial statements. Inventory on the balance sheet at the end of the last year was $5,200,000 Inventory at the middle and the end of this year, respectively, were $3,700,000 and $3,900,000. Last year's annual cost of goods sold (COGS) was $3,200,000. This year's annual COGS was $2,500,000.What is this year's inventory turnover? a. 0.5494 b. 0.5859 c. 0.4878 d. 0.7033 98) Warehousing is a function that creates a breakpoint between supply and demand in supply chain management. There are some common terms used to substitute the "warehouse" named distribution center, logistics center, transhipment center .... Match the following similar term of warehouse with the CORRECT descriptions given below THE TRAINEE CLUB
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a. 1b 2e 3d 4a 5c b. 1c 2e 3d 4a 5b c. 1b 2d 3c 4a 5e d. 1c 2d 3b 4a 5c 99) There are several factors to consider in the final decision of choosing the type of ownership, for example: Operating cost, Capital costs, Customer service, Control, Flexibility, Management skills, and Recruitment and training. Overall, many organizations including the biggest - have been reducing in using their own transport fleet to move their own materials, instead, they are using more third-party service providers of transport. A common option is to use a mixture of account and third-party carriers.Which of the following statements is CORRECT to give the incentive to use a mixture of own account and third-party carriers? a. An organization can use its in-house transport for core activities to save costs by full utilization while other transport demands can be left to contract operators who are flexible to adjust to allow for changing demands. b. An organization can use the mixture of the two terms to cut down employment costs when it runs its own account transport and to take advantage of the third-party transport providers' flexibility in the adjustment of vehicle type, size, delivery schedule, customer service, etc. c. Both A and B d. None of A and B THE TRAINEE CLUB
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100) A common supply chain risk that sourcing departments grapple with is the inability of their suppliers to deliver products and services when promised. LSCompany is choosing between 2 suppliers to provide the company with Component A to manufacture Item B for its customer. LSCompany expects to sell 100,000 Item B at a price of $70 to its customer. If the company fails to deliver the Item B by the delivery date, it is estimated that a loss of goodwill, future revenue, and penalties of $225,000 will incur. LSCompany will consider using the following information and method: Supply chain value at risk = value lost if event occurred x probability of occurring Which supplier has the highest expected value in this case? a. The oversea supplier with the expected value of $1,482,750. b. The oversea supplier with the expected value of $1,933,250. c. The local supplier with the expected value of $1,482,750. d. The local supplier with the expected value of $1,933,250. 101) COP27 is the 27th United Nations Climate Change Conference. They discussed ways for companies and organizations to implement circular solutions. Which of the following statements is INCORRECT about circular solutions in COP27? a. Improving material tracing and supply chain transparency. b. None of the above. c. Taking advantage of innovation and technology. d. Increasing investment to reduce circularity risk. 102) Production control wages at ABC Company average $500000 per year, production control supplies and operation expenditures at $60000 per year, and set-up costs at $100 per order on average. What is the average ordering cost per order for ABC Company assuming that 8000 orders are placed every year? a. $164 per order. b. $186 per order. c. $170 per order. d. $178 per order. 103) Effective sourcing methods inside a company may boost earnings and total supply chain surplus in a variety of ways. When making sourcing selections, it is critical to precisely identify the causes of increased revenues. THE TRAINEE CLUB
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Which of the following statements is INCORRECT when mentioning the benefits of effective sourcing decisions? a. Firms can achieve a lower purchase price by decreasing competition through the use of auctions. b. Design collaboration can result in products that are easier to manufacture and distribute, resulting in lower overall costs. c. Good procurement processes can facilitate coordination with the supplier and improve forecasting and planning. d. Better economies of scale can be achieved if orders within a firm are aggregated. 104) According to the sourcing strategy matrix adapted from Kraljic (1983), companies can categorize items and set different strategies to manage risk. There are four types of items: Match the types of items above with the correct characteristics below 105) In supply chain management, organizations have to know how much they should order at a time. EOQ is one of the most essential tools to solve this problem. It is the ideal order quantity a company should purchase to minimize inventory costs How many of the following are CORRECT about the conditions that needed to be assumed when dealing with EOQ in the simplest form? 1. The demand rate is unknown. THE TRAINEE CLUB
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2. The supplier lead-time is known and constant. 3. Stock outs are permitted. 4. The cost structure is fixed-order costs are the same regardless of lot size, holding cost is a linear function based on average inventory and unit purchase cost is constant 5. There is sufficient space, capacity and capital to procure the desired quantity. a. 4 b. 2 c. 3 d. 5 106) The warehouse system is decided based on the type of goods and the available demand of the market (service level). Therefore, warehouse storage systems are divided into two categories: static storage systems and dynamic storage systems. In the static storage system, when loading goods, the goods will be fixed in position, not temporarily withdrawn to move nor added. This system includes block storage, double deep racking, pallet rack, cantilever shelf… (A) This storage does not use any storage equipment. Loaded pallets are straightly put on the ground and built up in stacks, one pallet on top of another to reach maximum stable height. (B) This storage is used to store long rigid bars and tubes (C) This storage improves space utilization by eliminating alternate access aisles, and using a forklift truck, which can access not just one but two pallets deep into the racking. (D) Any forklift truck's lift height can be accommodated in its construction. To make this easier, a variety of accessories are available, including drum supports and channel supports for post pallets. It is often laid out with back-to-back rows in between a single-deep row at each end of the installation. 1. Block storage 2. Double deep Racking 3. Pallet rack 4. Cantilever shelf Match the appropriate categorizing approach for the situations above. 107) The situation below is an example of one of the four conditions that revenue management can adjust the pricing and available supply of assets and has a significant impact on supply chain profitability: LSC Airlines is one of the most renowned and profitable companies in the domestic aviation industry. The majority of the company's customers are businessmen and leisure travelers. Business travelers are willing to pay a higher fare for a flight that matches their schedule. In contrast, leisure travelers will often alter their schedules to get a lower fare. Which of these following conditions is the CORRECT description of the case? a. The value of the product varies in the different market segments. b. The product is sold both in bulk and on the spot market. c. The product is highly perishable or product wastage occurs. d. Demand has seasonal and other peaks. THE TRAINEE CLUB
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108) In supply chain management, Sales and Operations Planning (S&OP) is an important process, through which a specialized team will continuously improve all company functions. There is a report about the forecast they have made. As a result, it will affect other sectors such as sales, production, inventory, lead time ..... What is S&OP's input/output analysis? a. Capacity requirement planning. b. Finite loading. c. Rough-cut capacity planning. d. Resource planning. 109) The Bensaou model is based on a study of eleven Japanese and three US automobile. manufacturers. Bensaou suggests a framework for managing a portfolio of investments for the purpose of enabling senior managers. Bensaou suggests four buyer relationship profiles: - Market exchange - Captive buyer - Captive supplier - Strategic partnerships Which of the following statements is INCORRECT when Bensaou concluded after arranging 4 profiles in a matrix? a. Many large firms in manufacturing are moving away from traditional vertical integration and towards the external contracting of key activities b. Underdesign (path to failure) takes place when firms invest in building trust as a result of frequent visits and cross-company teams when the market and product context call for simple, impersonal control and information exchange. c. As interfirm relationships increase, firms cannot manage with one design for all relationships and so need to manage a portfolio of relationships. d. There are two kinds of successful relationships: high requirements-low capabilities and low requirements-high capabilities 110) LSCompany is a top 1 company in export cars. The demand for this product is so fluctuating that they have to carefully forecast the number of car trades. Because variability is quite hard to define, the forecast team has initially set the company's standard that if MAPE is greater than 4%, the quality of the forecasts indicates high variation. The demand and forecast information for the XYZ Company over a 3-month period is shown in the table below. a. The results indicate a great deal of bias but no variation in the forecasts b. The results indicate no bias as well as no variation in the forecasts THE TRAINEE CLUB
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c. The results indicate a great deal of variation but no bias in the forecast d. The results indicate a great deal of bias as well as a great deal of variation in the forecasts THE TRAINEE CLUB
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