Production and Operations Management

391. Supply chain is also referred as ______________

  1. supply force
  2. chain of manufacturing centre
  3. logistic network
  4. warehouse network
Correct answer: (C)
logistic network

392. In supply chain process ______________ is defined as "the act of buying all those activities necessary to acquire goods and services consistent with user requirements.

  1. collection
  2. buying
  3. procurement
  4. assembling
Correct answer: (C)
procurement

393. The ______________ process is the firms face to the customer.

  1. Customer relationship management
  2. Demand management
  3. Procurement management
  4. Customer service management
Correct answer: (D)
Customer service management

394. Logistics activities provide the bridge between production and market locations that are separated by ______________ and ______________

  1. place and product
  2. time and distance
  3. process and programme
  4. product and distance
Correct answer: (B)
time and distance

395. ______________ is the task of buying goods of right quality, in the right quantities, at the right time and at the right price.

  1. Supplying
  2. Purchasing
  3. Scrutinizing
  4. None
Correct answer: (B)
Purchasing

396. ______________ logistics function ensures timely availability of semi processed materials and components inventory to support the production schedule.

  1. procurement function
  2. production function
  3. physical distribution function
  4. material management function
Correct answer: (B)
production function

397. 'Think on the best and then on the rest' is related with

  1. ABC
  2. VED
  3. JIT
  4. MRP
Correct answer: (A)
ABC

398. The business activity of farming out identified non-core activities to external agencies came to be known as ______________

  1. marketing
  2. out sourcing
  3. production
  4. agency
Correct answer: (B)
out sourcing

399. To control cost and output was the survival of the firm in the competitive market due to their price based competitive capacity, this was the objective in ______________ era of logistic evolution.

  1. Independent business function era (till 1950)
  2. limited internally integrated business function era (1960-70)
  3. fully internally integrated business function era (1980s)
  4. externally integrated business function era (1990s)
Correct answer: (B)
limited internally integrated business function era (1960-70)

400. The effective implementation of logistic strategy includes in ______________ stage.

  1. corporate vision
  2. logistic strategic analysis
  3. logistic planning
  4. managing change
Correct answer: (C)
logistic planning
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