Mock Exam 1 - Supply Chain and Logistics

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Set of flashcards Details

Flashcards	37
Language	English
Category	Macro-Economics
Level	University
Created / Updated	26.06.2024 / 26.06.2024
Licencing	Not defined
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Flip-Mode

Which statements about the APICS framework are true?

The Product Life Cycle Operations Reference Model (PLCOR) addresses the processes from idea to portfolio (Idea-to-Portfolio).

The Customer Chain Operations Reference Model (CCOR) manages and controls the product and service development process (Portfolio-to-Solution).

The Design Chain Operation Reference Model (DCOR) manages and controls the customer interaction process (Lead-to-Contract).

The Supply Chain Operations Reference Model (SCOR) includes the key competencies: planning, sourcing, making, delivering, returns and enabling.

Which of the following statements is consistent with the principle: "avoidance before recovery before disposal"?

The product design ensures that all components and materials used can be easily disposed of.

A product is designed to be washed and reused.

Disposing of all materials in the designated recycling bins is the first thing to be done, according to the principle.

A bottler reuses his glass bottles, retrieves them from the end user, cleans them, and fills them again.

When comparing B2B and B2C supply chains, which of the following statements are true?

Switching costs are usually high in the B2B segment.

Pricing and payments in the B2C segment are generally based upon fixed price conditions.

Delivery times are usually negotiable in the B2B segment.

In the B2C segment, larger quantities of products pass through fewer stages.

Which statements about procurement management are true?

Strategic procurement management pursues an increase in purchasing efficiency.

Operational procurement management pursues the optimization of purchasing effectiveness.

Procurement management is divided into a strategic and an operational part.

Strategic procurement management primarily has a long term perspective.

Which statements regarding "supply chains" are true?

In addition to logistics, a supply chain also includes the accompanying flows of money and information.

The term "supply chain" is defined much more narrowly than the term "logistics."

"Logistics chain" and "supply chain" are synonyms.

The supply chain is the implementation of the logistics concept.

Which statements regarding the economic significance of inventories are true?

From a business perspective, the capital tied up by inventories should be accounted for through opportunity costs.

A reduction in inventories has a positive impact on cash flow.

A reduction in inventory and working capital also leads to a reduction in return on investment (ROI).

Inventories are an essential component of working capital.

Which statements about EDI are true?

EDI stands for "Electronic Data Integration".

EDI itself is not an actual standard, the principle covers all standards for the structured exchange of electronic data.

The advantages of EDI include: the reduction of manual activities, the acceleration of the communication process and the avoidance of multiple entry of data.

Disadvantages of EDI are high acquisition costs and the time-consuming comparison of master data.

The funnel model as a queuing system describes the throughput behavior using several variables. Which of the following variables are used and which are not used in the funnel model?

WIP (Work in Progress)

Work

Size

Output