Top 80+ Solved Enterprise Systems MCQ Questions Answer
Q. What does a company's information system need to deliver to different parties who need to access the supply chain information of an organisation, whether they be employees, suppliers, logistics service providers or customers?
a. Password and user name reminders
b. Supply chain visibility
c. Radio-frequency identification of products
d. None of the above
Q. What was the rationale behind introducing the Global Data Synchronisation Networkin 2005?
a. To provide a common pricing structure taking currency fluctuations into account
b. To speed up e-commerce interaction
c. To allow trading partners to manage each other's supply chain
d. To create standards for sharing information about products
Q. To manage e-supply chains effectively, benefits need to be developed into a performance management framework. Sambasivan and colleagues (2009) produced such a framework, identifying categories of measures and provided examples of metrics for each. Which of the following fits this framework?
a. Production level metric - range of products and services, effectiveness of scheduling techniques, capacity utilisation
b. Cost in supply chain - return on investment
c. Supply chain finance and logistics cost - total, distribution, manufacturing, and inventory costs
d. They are all accurate
Q. Key to re-structuring the supply chain is the need to examine the types of relationships between partners such as suppliers and distributors. Researchers have found that low cost is the main driver in managing supply partnerships and a restructuring will often require companies to:
a. Reduce their number of suppliers
b. Focus on core competencies
c. Develop strong partnership relationships
d. All of the above
Q. As guidance to managing a global distribution, seven action points have beensuggested. Do these include:
a. Do not waste money, time and energy initially
b. Let distributors pick you
c. Treat local distributors as short-term partners
d. They are all incorrect
Q. Big JIT includes all of the following EXCEPT:
a. Vendor relations
b. Scheduling materials
c. Human relations
d. Technology management
Q. Which of the following reasons accounts for the importance of supply chain Management?
a. Increasing competitive pressures
b. Decreasing globalization
c. Decreasing levels of outsourcing
d. Increasingtransportation costs
Q. . Which of the following is NOT a benefit of supply chain management?
a. Less variety
b. Greater agility
c. Lower inventory
d. Higher productivity
Q. What would be the total cost of inventory, if a firm holds 200 units of a product ‘A’,wherethe carrying cost is Rs. 2 per unit?
a. Rs. 202
b. Rs. 100
c. Rs. 198
d. Rs. 400
Q. Which of the following mathematical expressions can be employed to compute inventorycost?
a. Carrying cost per unit + average inventory cost
b. Carrying cost per unit × average inventory cost
c. Carrying cost per unit ÷ average inventory cost
d. Carrying cost per unit – average inventory cost
Q. Which of the following is the cost of carrying an item in inventory for a specific period oftime?
a. Ordering cost
b. Holding cost
c. Shortage cost
d. Stock out cost
Q. Which one of the following mathematical expressions can be employed to compute annual carrying cost?
a. (Q-2)H
b. (Q+2)H
c. (Q÷2)H
d. (Q×2)/H
Q. In which of the following systems an item’s inventory is stored at two different locations?
a. Optional replenishment system
b. Base stock system
c. Two bin system
d. Universal bar code system method
Q. Which one of the following is a condition for a successful supply chain?
a. A large number of suppliers
b. Many short-term contracts
c. Trust among trading partners
d. Continuous competitive bidding
Q. JIT stands for which of the following?
a. Just In Time
b. Just In Test
c. Job In Time
d. Job Inventory Time