Supply Chain Management (VV2)
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1 . Discuss the need of logistics .
2 . Differentiate bteween ABC and VED analysis.
3 . Explain inventory management .
4 . Discuss the Economic Order Quantity.
5 . Explain mass production system.
6 . Discuss different types of supply chains.
7 . Discuss JIT.
8 . Explain production planning and control.
Case Detail :
EOQ applies only when demand for a product is constant over the year and each new order is delivered in full when inventory reaches zero. There is a fixed cost for each order placed, regardless of the number of units ordered. There is also a cost for each unit held in storage, commonly known as holding cost, sometimes expressed as a percentage of the purchase cost of the item.
We want to determine the optimal number of units to order so that we minimize the total cost associated with the purchase, delivery and storage of the product.
The required parameters to the solution are the total demand for the year, the purchase cost for each item, the fixed cost to place the order and the storage cost for each item per year. Note that the number of times an order is placed will also affect the total cost, though this number can be determined from the other parameters.
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1. Discuss the parameters required to calcultae EOQ.
2. When can EOQ be implemented?
3. Explain various costs associated with inventory.
1.Also referred to as “best practice benchmarking” or “process benchmarking”, this process is used in management and particularly strategic management, in which organizations evaluate various aspects of their processes in relation to best practice companies’ processes
MATERIALS
finance
human resource
Benchmarking
2. In some companies materials management is also charged with the procurement of materials by establishing and managing a supply base
sale
procurement
lease
hire
3. This … department ensures that the launch materials are procured for production and then transfers the responsibility to the plant materials management
logistics
finance
human resource
legal
4. Most companies use … systems such as SAP, Oracle, BPCS, MAPICS, and other systems to manage materials control.
ERP
MRP
SR
TRP
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5. One challenge for materials managers is to provide . releases to the supply base.
costly
easy
timely
all
6. Materials management plans and designs for the
delivery
storage
distribution
all
7. ………….is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements, of customers or corporations.
MATERIALS
finance
human resource
logistics
8. The resources managed in logistics can include
physcal items
equipment
timely
all
9. this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, shipping, and warehousing the said parts.
MATERIALS
finance
human resource
all
10. The logistics of physical items usually involves the integration of
information flow
distribution
transportation
all
11. The …………..of the use of resources is a common motivation in logistics for import and export.
maximisation
minimization
reduction
increase
12. logistics is commonly seen as a branch of engineering that creates “…….. systems” rather than “machine systems.”
people
MATERIALS
finance
logistics
13. …………logistics is one of the primary processes of logistics, concentrating on purchasing and arranging the inbound movement of materials, parts, and/or finished inventory from suppliers to manufacturing or assembly plants, warehouses, or retail stores.
INBOUND
outbound
procurement
warehouse
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14. …….logistics is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.
INBOUND
outbound
procurement
warehouse
15. ……… is the branch of military science relating to procuring, maintaining and transporting material, personnel and facilities
MATERIALS
finance
human resource
logistics
16. The targets in procurement logistics might be
maximizing efficiency by concentrating on core competences,
outsourcing while maintaining the autonomy of the company
minimizing procurement costs while maximizing security within the supply process.
all
17. ………. logistics has as its main function to reduce logistics cost(s) and enhance service(s) related to the disposal of waste produced during the operation of a business.
disposal
INBOUND
outbound
procurement
18. ……..logistics denotes all those operations related to the reuse of products and materials.
reverse
outbound
disposal
INBOUND
19. The opposite of reverse logistics is ………. logistics.
forward
reverse
outbound
disposal
20. ………..logistics has, as main tasks, the delivery of the finished products to the customer. It consists of order processing, warehousing, and transportation.
INBOUND
outbound
procurement
distribution
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21. ……………Logistics describes all attempts to measure and minimize the ecological impact of logistics activities.
green
reverse
outbound
disposal
22. ……logistics describes logistic processes within a value adding system
production
green
reverse
outbound
23. ……….. involves using external organizations to execute logistics activities that have traditionally been performed within an organization itself
production
green
reverse
3PL
24. ……….is the application of computer software and/or automated machinery to improve the efficiency of logistics operations.
logistics automation
production
green
reverse
25. Industrial machinery can typically identify products through
bar code
RFID
both
none
26. …… tag is card containing a memory chip and an antenna which transmits signals to a reader.
bar code
RFID
both
none
27. ………..includes any form of outsourcing of logistics activities previously performed in house.
production
green
reverse
3PL
28. ……logistics is a term used by the logistics, supply chain, and manufacturing industries to denote specific time-critical modes of transport used to move goods or objects rapidly in the event of an emergency.
emergency
reverse
outbound
disposal
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29. ……………is the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption
logistics
MATERIALS
finance
human resource
30. They are usually large plain buildings in industrial areas of cities and towns and villages.
warehouse
airport
station
all
31. ………….management is a science primarily about specifying the shape and percentage of stocked goods.
logistics
MATERIALS
finance
inventory
32. ………..may be found on merchandise, animals, vehicles and people as well.
bar code
RFID
both
none
33. ….is a commercial building for storage of goods.
warehouse
airport
station
all
34. ……..logistics aims to ensure that each machine and workstation receives the right product in the right quantity and quality at the right time.
production
green
reverse
outbound
35. It is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.
reverse
outbound
disposal
INBOUND
36. …………refers to operations within a warehouse or distribution center, with broader tasks undertaken by supply chain management systems and enterprise resource planning systems.
logistics automation
production
green
reverse
37. ……….are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc.
warehouse
airport
station
all
38. Inventories are maintained as buffers to meet uncertainties in ………, supply and movements of goods.
demand
supply
cost
time
39. The goal of ………… management is to provide an unbroken chain of components for production to manufacture goods on time for the customer base.
MATERIALS
finance
human resource
all
40. ………. logistics stands for all operations related to the reuse of products and materials.
reverse
outbound
disposal
INBOUND
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