Supply Chain Exam with Solutions 2024

SUPPLY Chain Exam with Solutions 2024 Why does the UN Global Compact single out supply chain partners as an important factor in a firm's ability to comply with its 10 principles? - Ans it motivates suppliers in countries with low labor costs toward compliance Match each of the following examples with its most likely manufacturing environment: Custom Single Family Home Industrial Hydraulic Press Disposable Food Storage Container Bicycle - Ans ETO MTO MTS ATO Why is manufacturing important to the economy? - Ans It adds value to products to generate wealth In a conventional manufacturing and control environment, which of the following objectives often conflict? - Ans Meet customer service targets and decrease inventory investment .How can the objectives of marketing be met while also considering other stakeholder objectives? - Ans Marketing and production objectives can be met with higher inventories Which manufacturing environment had the longest delivery lead time? - Ans Make-to-Order Which is a major objective of materials management? - Ans Provide the required level of customer service Which are the primary activities in manufacturing planning and control? - Ans Production planning and inventory management Which is a category of performance measures that relates to daily work routines such as cycle time and utilization? - Ans Operational metrics