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NEW QUESTION 60
Establishing an organization's consistent physical and functional characteristics for its materials is known as:
- A. Regularity
- B. Standardization
- C. Measurement
- D. Consistency
Answer: B
NEW QUESTION 61
The mean of at least two recent periods of demand data is the basis for the next period's demand forecast is the description of which quantitative forecast method?
- A. Exponential smoothing forecast
- B. Naive forecast
- C. Weighted moving average
- D. Simple moving average
Answer: D
NEW QUESTION 62
A large number of suppliers who are all capable of supplying the same product, and the dollars in:
- A. Non-critical items
- B. Operational items
- C. Leveraged items
- D. Bottleneck items
Answer: C
NEW QUESTION 63
A managerial and organizational approach used to integrate the supply management functions in an organization is referred to as:
- A. Materials management
- B. Procurement management
- C. Production management
- D. Purchasing management
Answer: A
NEW QUESTION 64
According to Jason Westland, author of Project management Life Cycle, a business case should NOT include which of the following?
- A. a description of the problem under consideration
- B. post-recommended solution
- C. options available to solve the problem
- D. benefits, costs, risks and feasibility for each available option
Answer: B
NEW QUESTION 65
A pick module is a type of mechanized system used to:
- A. to pick only bulk items
- B. to pick only single items
- C. to pick both bulk items and single items
- D. None of the above
Answer: C
NEW QUESTION 66
distributing materials
in support
of
A warehouse for storing and shipping material, usually finished goods, often located apart from the manufacturing site is called:
- A. Allotment center
- B. Merchandise center
- C. Distribution center
- D. Divisional center
Answer: C
NEW QUESTION 67
Which of the following is NOT the international organization that provides extensive statistical data?
- A. United Nations
- B. Publication and Commercial Forecasts Organization
- C. Organization for Economic Co-operation
- D. Development and International Monetary Fund
Answer: B
NEW QUESTION 68
Which of the following is the area of concern to logistics?
- A. All of the above
- B. Customer service
- C. Inventory
- D. Transportation
Answer: A
NEW QUESTION 69
A scoreboard is simply a form of performance measurement and management that records the ratings from a performance evaluation process.
- A. True
- B. False
Answer: A
NEW QUESTION 70
Terms where the seller is responsible for delivering the goods to a carrier named by the
buyer is the:
- A. Group F
- B. Group C
- C. Group E
- D. Group K
Answer: A
NEW QUESTION 71
According
to the supply management, one of the most useful ways to develop is to begin with an inventory report listing all items in descending order of dollar spent.
- A. Slope classification
- B. Top-down classification
- C. Gradient classification
- D. ABC classification
Answer: D
NEW QUESTION 72
What involves selected practices and
measurements
that are
compared from one organization to another?
- A. Process assessment
- B. Benchmarking
- C. Cultural reviews
- D. Flowcharting
Answer: B
NEW QUESTION 73
A term used to describe a 'one piece flow' business strategy that allows an organization to establish a continuous sequencing of product, within a flow process is known as:
- A. Just-in-time scheduling
- B. Online scheduling
- C. Inventory scheduling
- D. Flow manufacturing
Answer: D
NEW QUESTION 74
The term most often used to refer to the role of logistics in product returns, source reduction, recycling, materials substitution, reuse of materials, waster disposal, and refurbishing, repair and remanufacturing is known as:
- A. Rearrange Materials logistics
- B. Reverse logistics
- C. Multichannel logistics
- D. Switch State art logistics
Answer: B
NEW QUESTION 75
An increasing or decreasing patterns of demand over time is considered as a:
- A. Seasonality
- B. Analysis
- C. Cycle
- D. Trend
Answer: D
NEW QUESTION 76
A distribution system in which freight moves in and out of a distribution center or point without ever being stored there is referred to as:
- A. Water-fronting
- B. Cross-docking
- C. Mild-wharfing
- D. Disembarking
Answer: B
NEW QUESTION 77
Services provided from third parties fall into which of the following area?
- A. All of the above
- B. Maintenance/ Support
- C. Consulting
- D. Customization
Answer: A
NEW QUESTION 78
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