Which of the following inventory-related costs typically is used only for decision making?
A. Carrying costs
B. Procurement overhead
C. Demurrage
D. Obsolescence
Risk management assessment tools are common techniques used in which certification program?
A. ISO 31000
B. ISO 14000
C. ISO 26000
D. ISO 9000
Bill of lading (B/L) documentation includes which of the following?
A. Country where goods were produced
B. Contract for shipping and ownership of goods
C. Description and terms of sale of goods
D. Means of payment for import/export of goods
A supervisor knows that employees have good ideas for improving department operations but are hesitant to share them. Which of the following tools would be most appropriate for encouraging the employees to participate in identifying opportunities?
A. Tree diagram
B. Pareto chart
C. Process map
D. Affinity diagram
Which of the following activities is critical to successful synchronization of supply and demand throughout a supply chain?
A. Sharing demand information
B. Placing large orders to obtain lower prices
C. Reducing the number of deliveries
D. Maintaining increased inventories
Which of the following relationships has the maximum degree of independence of ownership and the minimum degree of integration?
A. ad hoc trading
B. just-in-time suppliers
C. keiretsu
D. partnership
E. vertical integration
All of the following are management processes in the SCOR model EXCEPT:
A. plan
B. source
C. manage
D. make E. deliver
An item must be added to inventory to support new business. Which of the following inputs should be considered to determine minimum inventory level?
A. Consumption rate
B. Qualified supplier
C. ABC classification
D. Number of sales transactions
A company plans to benchmark its shipping reliability compared to other companies in the industry. Which measurement is most appropriate to benchmark in this case?
A. Perfect order fulfillment
B. Upside supply chain flexibility
C. Order fulfillment cycle time
D. Total inventory days of supply
Which of the following events would initiate an update of a manufacturing site business continuity plan?
A. A major renovation and asset consolidation program
B. A power outage lasting more than 48 hours
C. A country's upcoming political election
D. A one-week supply interruption from a vendor