391. Supply chain is also referred as ______________
supply force
chain of manufacturing centre
logistic network
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.
collection
buying
procurement
assembling
Correct answer: (C) procurement
393. The ______________ process is the firms face to the customer.
Customer relationship management
Demand management
Procurement management
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 ______________
place and product
time and distance
process and programme
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.
Supplying
Purchasing
Scrutinizing
None
Correct answer: (B) Purchasing
396. ______________ logistics function ensures timely availability of semi processed materials and components inventory to support the production schedule.
procurement function
production function
physical distribution function
material management function
Correct answer: (B) production function
397. 'Think on the best and then on the rest' is related with
ABC
VED
JIT
MRP
Correct answer: (A) ABC
398. The business activity of farming out identified non-core activities to external agencies came to be known as ______________
marketing
out sourcing
production
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.
Independent business function era (till 1950)
limited internally integrated business function era (1960-70)
fully internally integrated business function era (1980s)
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.