SUPPLY CHAIN EXAM 3 PEAVEY
QUESTIONS AND ANSWERS
An organization's process for evaluating the quality systems of key suppliers in an effort
to eliminate incoming inspections can be referred to as?
A. Supply Management
B. Supplier Certification
C. Supplier Inspection
D. Quality Systems Certification - Correct Answers -B. Supplier Certification
ISO 14000 is a widely accepted management and quality certification standard.
A. True
B. False - Correct Answers -B. False
The process to evaluate a supplier's capabilities, and their capacity to supply a product
or service to the buyer, is known as Supplier Certification.
A. True
B. False - Correct Answers -B. False
A strong supplier partnership requires that both buyer and supplier adopt a strong
tactical perspective.
A. True
B. False - Correct Answers -B. False
Which warehousing process is considered a Lean concept because it eliminates the
need to store inventory, and reduces transportation
A. Consolidation Warehousing
B. Break-Bulk Warehousing
C. Cross Docking Warehousing
D. Third Party Logistics - Correct Answers -C. Cross Docking Warehousing
The greater the desired customer service level is, the more warehouses the company
may need to have, but the tradeoff is maintaining a lower inventory level
A. True
B. False - Correct Answers -B. False
Withdrawing components from stock to make assemblies or finished goods, or to ship to
a customer, is known as?
A. Shipping
B. Receiving
, C. Storage
D. Packing
E. Picking - Correct Answers -E. Picking
Performance Measures should be S.M.A.R.T. which is an acronym that means?
Correct answer:
A. Specific, Measurable, Achievable, Relevant, Time-oriented
B. Suitable, Marketable, Applicable, Remarkable, Time-based
C. Substantial, Meaningful, Accurate, Rational, Time-sensitive
D. Significant, Memorable, Appropriate, Reasonable, Time-tested - Correct Answers -B.
Suitable, Marketable, Applicable, Remarkable, Time-based
The Weighted-Criteria Evaluation System is typically used to select a supplier or to
evaluate the performance of a supplier?
A. True
B. False - Correct Answers -A. True
The key characteristics to consider in the development and implementation of a
Supplier Relationship Management System, include all of the following, EXCEPT?
A. Visibility
B. Detachment
C. Integration
D. Collaboration - Correct Answers -B. Detachment
Successful supplier relationships involve equal decision-making control between both
the buyer and the supplier.
A. True
B. False - Correct Answers -A. True
The process commonly utilized in continuous improvement is known as?
A.Plan, Source, Make, Deliver
B. Specific, Measurable, Achievable, Relevant, Time-Oriented (S.M.A.R.T.)
C. Plan, Do, Check, Act
D. Ready, Set, Go - Correct Answers -C. Plan, Do, Check, Act
When using a weighted-criteria evaluation system with five or more categories,
suppliers should be ranked based on their score in only the two highest weighted
categories.
A. True
B. False - Correct Answers -B. False
Costs incurred in the process of establishing specifications for incoming materials,
processes, products, and services, are categorized as which of the following?
A. Prevention Costs
B. Appraisal Costs
C. External Failure Costs
QUESTIONS AND ANSWERS
An organization's process for evaluating the quality systems of key suppliers in an effort
to eliminate incoming inspections can be referred to as?
A. Supply Management
B. Supplier Certification
C. Supplier Inspection
D. Quality Systems Certification - Correct Answers -B. Supplier Certification
ISO 14000 is a widely accepted management and quality certification standard.
A. True
B. False - Correct Answers -B. False
The process to evaluate a supplier's capabilities, and their capacity to supply a product
or service to the buyer, is known as Supplier Certification.
A. True
B. False - Correct Answers -B. False
A strong supplier partnership requires that both buyer and supplier adopt a strong
tactical perspective.
A. True
B. False - Correct Answers -B. False
Which warehousing process is considered a Lean concept because it eliminates the
need to store inventory, and reduces transportation
A. Consolidation Warehousing
B. Break-Bulk Warehousing
C. Cross Docking Warehousing
D. Third Party Logistics - Correct Answers -C. Cross Docking Warehousing
The greater the desired customer service level is, the more warehouses the company
may need to have, but the tradeoff is maintaining a lower inventory level
A. True
B. False - Correct Answers -B. False
Withdrawing components from stock to make assemblies or finished goods, or to ship to
a customer, is known as?
A. Shipping
B. Receiving
, C. Storage
D. Packing
E. Picking - Correct Answers -E. Picking
Performance Measures should be S.M.A.R.T. which is an acronym that means?
Correct answer:
A. Specific, Measurable, Achievable, Relevant, Time-oriented
B. Suitable, Marketable, Applicable, Remarkable, Time-based
C. Substantial, Meaningful, Accurate, Rational, Time-sensitive
D. Significant, Memorable, Appropriate, Reasonable, Time-tested - Correct Answers -B.
Suitable, Marketable, Applicable, Remarkable, Time-based
The Weighted-Criteria Evaluation System is typically used to select a supplier or to
evaluate the performance of a supplier?
A. True
B. False - Correct Answers -A. True
The key characteristics to consider in the development and implementation of a
Supplier Relationship Management System, include all of the following, EXCEPT?
A. Visibility
B. Detachment
C. Integration
D. Collaboration - Correct Answers -B. Detachment
Successful supplier relationships involve equal decision-making control between both
the buyer and the supplier.
A. True
B. False - Correct Answers -A. True
The process commonly utilized in continuous improvement is known as?
A.Plan, Source, Make, Deliver
B. Specific, Measurable, Achievable, Relevant, Time-Oriented (S.M.A.R.T.)
C. Plan, Do, Check, Act
D. Ready, Set, Go - Correct Answers -C. Plan, Do, Check, Act
When using a weighted-criteria evaluation system with five or more categories,
suppliers should be ranked based on their score in only the two highest weighted
categories.
A. True
B. False - Correct Answers -B. False
Costs incurred in the process of establishing specifications for incoming materials,
processes, products, and services, are categorized as which of the following?
A. Prevention Costs
B. Appraisal Costs
C. External Failure Costs
