Question 1. Cycle stock is held as a result of a cushion between supply and demand.
True
False
Question 2. Outbound logistics covers which of the following?
Transport and warehouse networks
Transferring inputs into outputs
Handling and stock control
Installation and returns
None of the above
Question 3. The definition of a warehouse is "a planned space for the storage and handling of goods and materials".
True
False
Question 4. Safety stock is used for uncertainty with:
lead times
supply
demand
All of the above
None of the above
Question 5. Which of the following is not a function of the warehouse?
Receiving
Storing
Assembling
Manufacturing
None of the above
Question 6. Which of the following is NOT an example of independent demand?
ROP/ROL
MRP
Continuous patterns.
Forecast on all items.
None of the above
Question 7. Which of the following is a technique to reduce demand lead time variability (L.T.V.)?
Incorporate predictable order times
Get correct quality the first time
Get correct quantity the first time
Check data accuracy on what is supplied
All of the above
Question 8. According to the text, third party transportation companies are often referred to as:
supply chain management companies
source distributors
logistics suppliers
internal logistics providers
None of the above
Question 9. The value chain can be divided into primary and secondary activities.
True
False
Question 10. Value is added by ____ it faster:
moving
making
doing
Any of the above
None of the above.