Intermediate storage strategy always involves cross-docking

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Reference no: EM132292177

1. The concept "global optimization" of a supply chain system is about focusing on getting the best out of an individual department or function at the expense of others. True False

2. Intermediate storage strategy always involves a cross-docking warehouse that distributes goods to destination markets. True False

3. Walmart runs a cross-docking transportation system without owning any trucks. True False

4. An advanced forecasting system can practically remove any forecast errors, which essentially get rid of all demand uncertainties for a supply chain. True False

5. Which of the following is one of the main purposes of a MRP system?

Educate personnel in basic work rules

To determine the amount of materials needed to produce each end item.

Stimulate the work force

Decrease labor requirements

Increase inventory accuracy

6. Which of the following activities does not belong to operations management?

A) Demand forecasting

B) Inventory management

C) Advertising

D) Production planning

7. You have been talking to your co-worker about a document you just sent to a supplier. The document contains your offer to purchase 50 gallons of lubricating oil and has the terms and conditions of the purchase printed on the document. The document is legally binding if the supplier accepts it. This document is a?

A) Purchase order

B) Request for quotation

C) Sales order

D) Material requisition

8. Many companies and state governments are beginning to pursue centralized purchasing of supplies. Which of the following are true with respect to centralized versus decentralized purchasing?

A) Centralized purchasing can lead to greater quantity discounts

B) Centralized purchasing leads to local sourcing

C) Decentralized purchasing uses a common supply base

D) Decentralized purchasing reduces the duplication of activities

Reference no: EM132292177

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