Sach175
12th March, 2013
Indian Institute of Management Lucknow
PGP I (Supply Chain Management)
Sections F & G
Make-up Quiz (CLOSED BOOK)
Total Marks: 04
Q1. Answer whether the following are True / False:
(2 Marks)
Fixed period systems never result in stock-outs between periods. F
Supply chain success cannot be measured by summing profits at each individual stage. T
Bottom Line Improvement is linked to the academic approach to supply chain management. F
All stages (producers, suppliers, retailers, customers, etc.) may not be present in all supply chains. T
Transportation mode selection is a strategic decision. T
Reducing cycle time increases inventory. F
‘E’in VED stands for essential. T
Holding costs do not include obsolescence. F
The replenishment cycle is initiated when a supermarket runs out of stock of a particular item. T
Lead time is assumed zero in EOQ model. F
Inventories mask quality problems. T
Better supply chain management leads to fewer physical assets. T
Expediting in purchasing is a strategic decision. F
Financial Services/ Logistics Services Providers are part of extended supply chains. T
Fixed period systems may result in stock-outs between periods. T
Expediting in purchasing is an operational decision. T
All stages (producers, suppliers, retailers, customers, etc.) must be present in all supply chains. F
Holding costs include obsolescence. T
Inventories do not mask quality problems. F
Lead time is known and constant in EOQ model. T
Supply chain success may be measured by summing profits at each individual stage. F
Bottom Line Improvement is linked to the industry approach to supply chain management. T
Transportation mode selection is an operational decision. F
Reducing cycle time reduces inventory. T
‘E’in VED stands for economical. F
Q2. Select the best answer:
(2 Marks)
In a multi-stage global supply chains, managers should attack activities/ process/ stages that exhibit: high demand
Indian Institute of Management Lucknow
PGP I (Supply Chain Management)
Sections F & G
Make-up Quiz (CLOSED BOOK)
Total Marks: 04
Q1. Answer whether the following are True / False:
(2 Marks)
Fixed period systems never result in stock-outs between periods. F
Supply chain success cannot be measured by summing profits at each individual stage. T
Bottom Line Improvement is linked to the academic approach to supply chain management. F
All stages (producers, suppliers, retailers, customers, etc.) may not be present in all supply chains. T
Transportation mode selection is a strategic decision. T
Reducing cycle time increases inventory. F
‘E’in VED stands for essential. T
Holding costs do not include obsolescence. F
The replenishment cycle is initiated when a supermarket runs out of stock of a particular item. T
Lead time is assumed zero in EOQ model. F
Inventories mask quality problems. T
Better supply chain management leads to fewer physical assets. T
Expediting in purchasing is a strategic decision. F
Financial Services/ Logistics Services Providers are part of extended supply chains. T
Fixed period systems may result in stock-outs between periods. T
Expediting in purchasing is an operational decision. T
All stages (producers, suppliers, retailers, customers, etc.) must be present in all supply chains. F
Holding costs include obsolescence. T
Inventories do not mask quality problems. F
Lead time is known and constant in EOQ model. T
Supply chain success may be measured by summing profits at each individual stage. F
Bottom Line Improvement is linked to the industry approach to supply chain management. T
Transportation mode selection is an operational decision. F
Reducing cycle time reduces inventory. T
‘E’in VED stands for economical. F
Q2. Select the best answer:
(2 Marks)
In a multi-stage global supply chains, managers should attack activities/ process/ stages that exhibit: high demand