Logistics & Supply Chain Management short only questions

Which statements regarding Value Creation in Procurement Management are true, and which are false?

1. The higher the purchasing volume in percent of a company's turnover, the higher the dependence on suppliers.:
2. The total return of a company can be significantly influenced by decisions in procurement management.:
3. The higher the purchasing volume in percent of sales of a company, the lower the dependency upon suppliers.:
4. The Total return of a company can be influenced by decisions in procurement management.:

Which statements regarding ABC and XYZ analyses are true, and which are false?

1. X Goods are considered to be subject to a good forecast accuracy.:
2. The Failure of A parts is often associated with high downtime costs.:
3. In particular Y goods are very difficult to plan.:
4. For Y goods, the procurement of stocks is a good option.:

Which statements regarding the procurement portfolio are true, and which are false?

1. Bottleneck products: These include products that the company sources from various suppliers and can be obtained in standardized quality.:
2. Strategic products: These products include technically complex products with significant volume, and which often must be provied according to customer specifications.:
3. The higher the volume or monetary value, the greater the impact of the corresponding input on the financial result.:
4. Cleaning agents, office supplies and screws are leverage products.:

Which statements regarding the procurement of direct goods are true, and which are false?

1. Supplier selection can be carried out via tenders and auctions (e-sourcing and e-auction systems).:
2. Order processing can be supported by automated electronic data interchange (EDI).:
3. Procurement is often controlled by a merchandise management or ERP system and can thus achieve high efficiency, a subject of Supply Chain Management.:
4. Direct Goods are procured as required via manual and expensive procurement processes (product selection, approval, invoice control).:

Which statements regarding Procurement Strategies are true, and which are false?

1. Internal and external sourcing are differentiated at the "point of value creation.":
2. "Single Sourcing," "Dual Sourcing" and "Triple Sourcing" are common sourcing concepts.:
3. "Individual Sourcing" and "Collective Sourcing" are organizational forms of procurement.:
4. Sourcing concepts are only differentiated according to the three criteria "complexity of goods," "organizational form" and "number of suppliers.":

Which statements regarding Barcodes and RFID are true, and which are false?

1. Until 2009, the use of the "European Article Number" (EAN) was common practice here. Since 2009 this was replaced by the "Global Trade Item Number" (GTIN).:
2. RFID stands for Rapid-Frequency-Identification.:
3. Because one-dimensional barcodes (1D codes) contain only a few characters, two-dimensional codes (mostly matrix codes) are increasingly used.:
4. RFID Systems consist of a transponder for data recording and a reader, with which the information stored on the transponder can be read.:

Which statements regarding Supplier Management Processes are true, and which are false?

1. The Supplier evaluation is often carried out with a utility value analysis.:
2. The intensification of supplier relationships has the goal, to operate a genuine and long-term supplier relationship management.:
3. The supplier management process is divided into three main sections.:
4. Pooling (supplier containment) refers to primary and secondary sources.:

Which statements regarding Supplier Management are true, and which are false?

1. Strategic supplier management focuses upon long-term optimization the supplier relationship.:
2. Operational supplier management has the permanent security of supply as its main goal.:
3. Operational supplier management is aimed at improving procurement efficiency.:
4. Strategic supplier management is primarily aimed at improving procurement efficiency.:

Which statements regarding EDI are true, and which are false?

1. EDI is a specific standard that describes all standards for the structured exchange of electronic data.:
2. Advantages of EDI include the reduction of manual activities, the acceleration of communication processes and the avoidance of multiple data entry.:
3. Disadvantages of EDI are high acquisition costs and the time-consuming reconciliation of master data.:
4. EDI stands for "Electronic Data Integration.":

Which statements regarding Cooperation Strategies are true, and which are false?

1. Vertical cooperation strategies refer to the upstream or downstream value creation partner.:
2. Coopetition refers to the cooperation and competition between companies.:
3. Vertical cooperation strategies include customer and supplier cooperation.:
4. Strategic alliances are basically the same as Coopetition.:

Which statements regarding E-Sourcing are true, and which are false?

1. The automotive industry most frequently uses semi-open systems, because of the large order quantites and longer-term binding.:
2. Open systems are not strategic and, therefore, not recommendable in procurement management.:
3. Closed Systems are very expensive and, therefore, hardly worthwhile.:
4. Half-open systems are systems in which customers can directly intervene in the supplier's processes, e.g. place orders.:

Which statements regarding "Vendor Managed Inventory" (VMI) are true, and which are false?

1. With VMI, the manufacturer is responsible, for example, for deciding on the dates and quantities of items to be delivered.:
2. With VMI, the manufacturer supplies the customer with forecast data from demand and market analyses.:
3. "Supplier Managed Inventory" (SMI) is the same as VMI, the only difference is in the approach.:
4. "Continuous Replenishment" is a philosophy at the strategic level and does not represent an operational lever for the realization of continuous replenishment of goods.:

Which statements regarding the Process Model for Procurement Management are true, and which are false?

1. Strategic procurement is a balancing act between cooperation and independence.:
2. Comparing alternative suppliers is one of the main tasks of strategic procurement.:
3. Increasing competitiveness is one of the main goals of operational procurement.:
4. The reduction of procurement costs by increasing the transparency of purchasing processes is a goal of operational procurement.:

Which statements regarding the SCOR Model are true, and which are false?

1. The focus on level 2 (configuration level) consists in the definition of process elements and the determination of input-output relationships for each process element.:
2. The top level (Level 1) in the SCOR model deals with planning, procurement, production, delivery and return.:
3. The SCOR model pursues three objectives: Evaluate and compare performance of value chains, design and optimization of value chains across organizational boundaries and identify areas of application for IT in the value chains.:
4. An advantage of the SCOR model is an optimized cost and performance structure.:

What are forecasting methods and why are they relevant in the business context?

How does the smoothing factor affect the forecasting error in the forecasting process in first-order exponential smoothing?

How do the simple and the moving average calculation differ from on another?

What are lot sizes and why are they differentiated?

How are lot sizes calculated?

What can having an Inventory mean?

Which statements regarding Forecasting Methods are true, and which are false?

1. The first-order exponential smoothing method performs an exponential weighting of the forecast errors, in order to determine the expected future demand values.:
2. The first-order exponential smoothing method is used to for forecasting with largely stationary demand patterns without significantly increasing or sinking trend movements.:
3. The first-order exponential smoothing method is, like the moving average value method, suitable for dynamic demand patterns.:
4. Exponential smoothing of the first order is a practice-relevant special case of averaging.:

Which statements regarding the Economic Order Quantity (EOQ) and the Harris-Andler Method are true, and which are false?

1. The best known of the dynamic methods for lot sizing is the Harris-Andler method.:
2. The Harris-Andler method is based upon the assumption that the fixed costs are independent of quantity.:
3. The Harris-Andler method is based upon the assumption that no backorders occur.:
4. The classic Harris-Andler method is based upon the assumption that demand is constant.:

Which statements regarding Forecasting Methods are true, and which are false?

1. The method of the moving average is characterized by the rolling shift of the period under consideration.:
2. The method of the simple mean value is characterized by the rolling shift of the period under consideration.:
3. A forecast calculation using the moving average is only recommendable with stationary demand behavior.:
4. With the moving average method, all demand quantities from the past are taken into account by calculating the arithmetic mean of these values.:

Which statements regarding the procedures for Sales Planning are true, and which are false?

1. Trending and stationary demand profiles display, to a certain extent, a linear profile.:
2. Sporadic and trending demand profiles are called mixed profiles.:
3. In sales planning, it is determined during which periods which quantities of a specified product assortment should be available for delivery.:
4. Generally, four different types of forecasting methods can be distinguished between in sales planning.:

Which statements regarding the Economic Order Quantity (EOQ) and the Harris-Andler Method are true, and which are false?

1. The classic Harris-Andler method is based upon the assumption that an order arrives immediately and is entered into inventory.:
2. The best known of the dynamic methods for lot sizing is the Harris-Andler method.:
3. The classic Harris-Andler method is based upon the assumption that the cost of carrying inventory is constant.:
4. The classic Harris-Andler method is based upon the assumption that no backorders occur.:

Which statements regarding the methods for Lot Size Calculation are true, and which are false?

1. The best known dynamic calculation method is the Harris-Andler method.:
2. Dynamic methods assume a constant lot size.:
3. Generally lot size calculation methods can be differentiated into those with or without cost optimization and those with static or dynamic approaches.:
4. The lot size calculation pursues the goal of achieving economically optimal lot sizes and, thereby, find a compromise between higher stocks with larger lot sizes and higher set-up costs for smaller lots.:

Which statements regarding the methods of Sales Planning are true, and which are false?

1. Seasonal and sporadic demand profiles display, to a certain extent, a linear course over time.:
2. The general profiles for forecasting of sales planning are stationary, trending, seasonal and sporadic profiles.:
3. Seasonal demand patterns can be recognized in recurring sections of the curve with a certain frequency (weekly, monthly, yearly, etc.).:
4. If the progression contains a large number of zero values over time and the demands are irregular, these are clear characteristics of a seasonal demand profile.:

Which statements regarding the methods for Lot Size Calculation are true, and which are false?

1. In practice, the most common static methods are the exact and the fixed lot size as well as the "refill to maximum stock level;" the most common dynamic method is the "periodic lot size.":
2. The dynamic methods assume a constant lot size.:
3. The static methods assume a variable lot size.:
4. Simply put, the "Lot-for-Lot" method uses the "demand minus available stock" as lot size in its calculation.:

Which statements regarding the calculation of the optimal order size are true, and which are false?

1. The optimal order quantity can be determined using the Harris-Andler formula.:
2. The optimal order quantity can be determined using a table.:
3. The optimal order quantity can only be determined using the Harris-Andler formula.:
4. The optimal order quantity can be determined graphically.:

Which statements regarding the Forecasting Methods are true, and which are false?

1. With the method of the simple average, all demand quantities from the past are taken into account by using the arithmetic mean of these values.:
2. The method of the simple mean value is characterized by the rolling shift of the period under consideration.:
3. The method of the moving average is characterized by the rolling shift of the period under consideration.:
4. A forecast calculation using the simple mean value is only recommendable with stationary demand behaviour.:

Which statements regarding the methods for Lot Size Calculation are true, and which are false?

 

1. The Harris-Andler method offers a better informative value than static calculations, especially when the requirements are highly volatile.:
2. Methods without cost optimization are also called "simple methods.":
3. One of the most common dynamic methods is the "sliding economic lot size.":
4. The static processes assume a variable lot size.:

Which statements regarding the calculation of the Economic Order Quantity (EOQ) with the Harris-Andler Method are true, and which are false?

1. The classic Harris-Andler method is based upon the assumption that the inventory carrying cost is constant.:
2. The classic Harris-Andler method is based upon the assumption that the inventory carrying cost is not constant.:
3. The best known of the static methods for lot sizing is the Harris-Andler procedure.:
4. The classic Harris-Andler method is based upon the assumption that an order does not arrive immediately and enter into inventory.:

What is Operations Management and what is the difference to Operational (day to day) Management?

How is Operations Management seen from a general business perspective?

What is an operations strategy and which approaches can be distinguished?

Which competitive factors are highlighted in the magic pentagon?

What are the characteristics of an operations typology?

What are the levels of the Supply Chain Operations Reference Model (SCOR)?

What are the six process areas at the highest level of the SCOR model?

What are the three process categories at the second level? What is the content of the third level?