sc3 midterm

50問 • 1年前

問題一覧

According to Burns and Stalker, there are two types of organizational structures, which type of structure shows that authority is decentralized, employees are empowered to respond effectively to the unexpected, and departments are encouraged to share information and other resources. a. Mechanistic structure b. Organic structure c. Purchasing structure d. Management structure

A factor that affects the business environment by creating leaner and more responsive organizations as a result of the planned elimination of positions and jobs. a. Downsizing b. e-Commerce c. Partnering d. Outsourcing

It is one of the factors affecting the business environment because it often involves the coordination of a complicated network of actors and relationships relating to the exchange of products, expertise, technology, and finance across boundaries. a. Partnering b. Global sourcing c. Functional departments d. Segmentation

Company "A" forms a contract with Company "B" making the latter the sole supplier of raw materials and responsible for the movement of such as required by Company "A". This arrangement involves a great deal of inter-firm interaction between many functional areas. a. Partnering b. Outsourcing c. Segmentation d. Purchasing

It is an organization that is not completely flat but has fewer layers than vertical organizations. a. Horizontal organization b. Straight organization c. Centralized organization d. Decentralized organization

The group of individuals from various organizational functions brought together to achieve clear, worthwhile, and compelling goals that could not be reached without a team. a. Cross-organizational team b. Cross-functional purchasing c. Cross-functional team d. Cross-organizational purchasing

The group of individuals from various organizational functions are brought together to achieve certain goals that involve the inclusion of suppliers or customers in teams. a. Cross-organizational team b. Cross-functional purchasing c. Cross-functional team d. Cross-organizational purchasing

It is usually the pattern for large, highly diversified organizations that, often, operate in several countries or continents. Once established, each division is organized in a functional forme with its hierarchies and is self-contained and autonomous in terms of day-to-day operations. a. Decentralized b. Centralized c.Cross-organizational d. Divisional

This purchasing structure implies that headquarters or some regional or divisional level. purchases are made either from compar a. Decentralized b. Centralized c. Cross-organizational d. Divisional

A purchasing model wherein when decentralized purchasing reports to a plant or divisional general managers with a centralized coordinating purchasing group at corporate headquarters. The central group takes a macro view of purchasing and logistics issues concerning the entire organization and provides services and information to the individual plants. a. Centralized coordinator model b. Area planner concept model c. Supply manager concept model d. None of the choices

One person has responsibility for the flow of a product or a few products from the supplier input, through production to delivery to the ultimate customer. a. Centralized coordinator model b. Area planner concept model c.Supply manager concept model d. None of the choices

It is the function responsible for acquiring all the materials needed by an organization. a. purchasing b. acquisition c. supply chain d. procurement

It involves the act of buying from suppliers without following the company's pre established procurement policy. a. Tail spend b. Overspend c. Maverick Spend d. None of the choices

It is the process by which the government acquires inputs for vital public sector consumption and investments a. Service procurement b. Public procurement c. Bidding d. None of the choices

Company "A" has 1000 items in store the supply of finished goods available for sale? available for sale. What is being referred to as a. Inventory b. Stocks c. Stacs d. Supply

It predicts the customer's future demand for a product or service. a. Demand Forecast b. Supply Forecast c. Market Trends d. None of the

Supplier "A" delivered raw materials to the warehouse of Company "A", two warehousemen unloaded the goods and inspected it based on the purchase order before it entered the warehouse. What is being referred to as the movements of the units as they enter the warehouse, move around it, and finally exit? a. Warehouse flow b. Inspection c. Stock rotation d. Warehousing

Warehouseman "A" does the method of checks and balances to confirm physical inventory counts match their inventory records. What principle of inventory management is being observed by Warehouseman "A"? a. Process auditing b. Inventory turns c. Stock rotation d. Cycle counting

It is described as materials that have started, but not yet finished their journey through the production process. a. Work-in-progress goods b. Work-in-process goods c. Semi-finished goods d. Either b or c

Company "A" has stocks of screws, buckets, blades, and other parts of machinery in their warehouse. What type of stocks are being kept by Company "A"? a. Raw materials b. Consumables c. Spare parts d. None of the choices

A system that shows the total demand for an item is made up of lots of separate demands that are not related to each other. a. Independent Demand System b. Inter-Demand System vendors c. Interdependent System d. Interdependent Demand System

Company "A" stored 1000 units of commodity "1" in their warehouse located in Batangas City, Batangas. What is the total of all expenses incurred by Company "A" related to storing unsold commodity "1"? a. Unit cost b. Reorder cost c. Cost of carrying stock d. Inventory cost

Company "A" places an order to Supplier "S" for the same item they purchased last quarter, what type of cost will be incurred by Company "A"? a. Unit cost b. Reorder cost c. Cost of carrying stock d. Inventory cost

A formula for how much inventory a company should purchase with a set of variables like total costs of production, demand rate, and other factors. a. Economic Order Quantity b. Minimum Order Quantity c. ABC Analysis d d. None of the choices

It is referred to as extra inventory that is ordered and set aside in case the company doesn't have enough for replenishment. This helps prevent stock-outs typically caused by incorrect forecasting or unforeseen changes in customer demand. a. Just-in-Time stock b. Excess stock c. Contingency stock d. Safety stock Inventory

A cost-efficient method of shipping in which a business palletizes inventory to ship more at once. a. Consignment inventory b. Batch tracking c. Bulk shipments d. Break bulking

A broad set of management practices that can be applied to any business practice. Its goal is to improve efficiency by eliminating waste and any non-value-adding activities from daily business. a. Perpetual Inventory Management b. Dropshipping c. Lean Manufacturing d. Six Sigma

It is the process of ordering, handling, storing, and using a company's non-capitalized assets. a. Inventory Management b. Warehouse Management c. Storage Management d. Stock Management

This method of inventory control refers to the process of keeping track of all the items in inventory that are not used frequently or are not required all the time. They are then categorized into three different categories: fast-moving inventory, slow-moving inventory, and non-moving inventory. a. Minimum Safety Stock b. FSN Method c. JIT Method d. MRP Method

A technique utilized by organizations to control their inventory. It mainly pertains to the management of vital and desirable spare parts. The high level of inventory that is required for production usually justifies the low inventory for those parts. a. VED Analysis b. VITAL Analysis c. ABC Analysis d. None of the choices

It is the process of hiring third parties to conduct services that were typically performed by the company. a. Partnering b.3PL c. Outsourcing d. Global sourcing

It is also known as business process outsourcing (BPO), focusing on delegating specific rocesses within a business to a service provider. a. Process-Specific Outsourcing b. Professional Outsourcing c. Logistics Outsourcing d. Operational Outsourcing

It is the process of identifying, assessing, and controlling threats to an organization's capital, earnings, and operations. a. Safety Management b. Risk Management c. Safety and Risk Management d. Threat determination

It refers to the process of planning and developing methods and options to reduce threats to project objectives. a. Risk Identification b. Risk Mitigation c. Risk Analysis d. Risk Avoidance

A method for mitigating risk by not participating in activities that may negatively affect the organization. a. Risk Identification b. Risk Mitigation c. Risk Analysis d. Risk Avoidance

It identifies how an organization purchases materials or services. Its main goal is to decrease the bottom line and maximize cost savings. a. Purchasing strategy b. Procurement strategy c. Supply chain strategy d. Acquisition strategy

It is a strategic approach to procurement where organizations group similar areas of external spending to identify opportunities for consolidation and to create added business value. a. Inventory Management b. Procurement Management c. Category Management d. None of the choices

It refers to innovative solutions, products, and processes that help to develop and drive value within an organization. a. Inventory Management b. Procurement Management c. Procurement Category d. None of the choices

It is the act of overseeing all activities and tasks that must be accomplished to maintain a desired level of excellence. a. Inventory Management b. Procurement Management c. Procurement Category d. None of the choices

Toyota implemented the Kanban system. A Kanban is a physical signal that creates a chain reaction, resulting in a specific action, they used this idea to implement its just-in-time (JIT) inventory process. To make its assembly line more efficient, the company decided to keep just enough inventory on hand to fill customer orders as they were generated. The Kanban system is the best example of what quality management concept? a. Total quality management b. Best quality management c. Inventory management d. Procurement management.

These are those goods and services that are required to support day-to-day operations. It enables business operations and production processes but cannot be allocated to a specific product. a. Direct Categories b. Indirect Categories c. Purchasing Category d. None of the choices

Which of the following statements is wrong? a.ABC Analysis is a technique that splits goods into three categories to identify items that have heavy impact on overall inventory costs. b.Just-in-time is a technique in which companies receive inventory on an as-needed basis instead f ordering too much and risking dead stock. c.Perpetual inventory management is simply counting inventory as soon as it arrives to deliver eal-time insights. d.Six Sigma is a method that gives companies tools to improve the performance of their inventory id decrease excess profit

It refers to the external factors that cause demand to unexpectedly increase or decrease a. Unforeseen events b. Uncertain factors c market share d. Market prices

Company "A" ordered 100 units of commodity "1" to Supplier "S", the amount of inventory, the reason it can keep the costs low. a. Minimum Order Quantity b. Economic Order Quantity c. Just- in-Time d. Work-in-process

Upon visiting the warehouse of Company "A", it was found out that almost 3/4 of his warehouse was occupied by stocks of ink, papers, and other supplies essential for the administrative operation of the company. What type of stocks are stored in the warehouse of Company "A"? a. Raw materials b. Consumables c. Spare parts d. None of the choices

Supplier "S" delivers the frozen fish to the warehouse of Company "B". Said fish will be used for the production of canned fish. Based on the situation, what type of stock was stored in the warehouse of Company "B"? a. Raw materials b. Consumables c. Spare parts d. None of the choices

Mr. Z, the General Manager of Company "C" conducts a surprise visit to one of their warehouses located in Laguna. Upon inspection, it was found out that there is a shortage of 100 stocks of polished wood which will be supplied to their customer-manufacturer of furniture. What type of inventory does Company "C" keep in storage? a. Raw materials b. Work-in-progress c. Finished goods d. None of the choices

It gives a mechanism for coordinating the flow of materials between customers and suppliers a. requisition b. acquisition c. buying d. procurement

Company "A", an organization based in the US contracts a firm in the Philippines to undertake their function for the clerical and support tasks on their day-to-day operation. What does Company "A" perform? a.Partnering b. Outsourcing c. Global Sourcing d. None of the choices

It is the act of buying services in various fields when a company might not have the pertise, time, or resources to do it in-house. a. Service Procurement b.Buying service c. Service Provider d. None of the choice

scm1 prelim

JOLIBETH GACOTE · 55問 · 1年前

scm1 prelim