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Flashcards	37
Language	English
Category	Macro-Economics
Level	University
Created / Updated	26.06.2024 / 26.06.2024
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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

Which statements about the determination of gross and net demands in the context of demand planning are true?

Gross demands are demands for raw materials and parts that are required in total for the planning period and were derived using the BOM explosion.

The net demand describes the quantity of components and raw materials to be procured.

To calculate the gross demands, the net demands are reduced by the tertiary demands.

Net demands are demands for raw materials and parts that are required in total for the planning period and were derived using the BOM explosion.

Which statements about "Lean Management" are true?

Lean management is part of TQM. It focuses upon simple and lean procedures and processes as well as an increase in productivity in general.

Lean management is an IT system can replace existing APS and ERP systems.

Lean Management is a holistic management system with a focus on eliminating waste.

Lean Management is a quantitative calculation method that you can use to determine the optimal batch size.

Which of the following terms represent a concept of packaging or assembling products for inbound shipments so that they can be easily sorted in intermediate storage or for outbound shipments, depending upon their final destination?

Customer Decoupling

Cross-Docking

Drop Shipping

Efficient Consumer Response

Which of the following statements about mass customization are true?

A prerequisite for mass customization is a high number of units, so that economies of scale can be achieved.

Mass customization is used to attract customers by offering every possible option for a product.

Mass customization requires standardized service modules (or components) as a basis (modular principle).

Beginning with a standard product, introducing mass customization shifts the customer decoupling point to the left (towards suppliers).

Which statements about "operations management" and "operational management" are true?

Operational management has a long-term and a medium-term orientation.

All three levels of decision-making (strategic, tactical and operational) are addressed under operational management.

All three decision-making levels (strategic, tactical and operational) are addressed under operations management.

Operations management ensures economic operation in the long run.

Which statements about the PDCA cycle (also called the Deming cycle) are true?

The PDCA cycle contains the steps: Problem (P-Problem) > Debate (D-Debate) > Change (C-Change) > Act (A-Act)

The PDCA cycle contains the steps: Plan (P-Plan) > Debate (D-Debate) > Change (C-Change) > Assess (A-Assess)

The PDCA cycle contains the steps: Plan (P-Plan) > Do (D-Do) > Check (C-Check) > Act (A-Act)

The PDCA cycle stands for a methodical approach, as consistently demanded by Kaizen.

Which of the following statements about the product carbon footprint are true?

The CO2 footprint of a product should only be assessed once, when the product is developed.

Standardization and documentation of measurement and survey data is an important prerequisite for comparability.

The assessment of a product's CO2 footprint can be made directly, without the need to collect data in other physical units.

It is not necessary to analyze the entire life cycle of the products.

Which of the following statements about product configurators are true?

Using product configurators requires either a customizable design or a set of features, but not both.

The use of product configurators requires a higher inventory of finished goods for direct and fast shipping.

Product configurators are used in Assemble-to-Order, Engineer-to-Order and Make-to-Order.

Product configurators require simple and understandable configuration steps.

Which statements regarding Sales & Operations Planning (S&OP) are true?

The S&OP process typically addresses a period of 1-6 months.

The S&OP cycle is synchronized with other key decision-making processes.

Executive buy-in is sufficient for the successful implementation of S&OP.

By their nature, S&OP process steps represent a sequential iteration with little overlap and are limited in agility to allow time for alignment.

Which of the following statements about soft customization are true?

Combination of standardized components into customer-specific modules.

Incorporating individual secondary services into a standard product.

Configuration or completion is performed by the customer.

Individual customization during the final stages of production.

Component of the SC strategy

With which products and services does the company enter into competition?

How much outside capital does the company need to borrow?

How can procurement costs be improved by increasing the transparency of the purchasing processes?

Does the company only offer one product or also additional services, such as replenishment at the customer's site?

Which of the following statements about systems supporting the transaction phases in e-commerce are true?

Fulfilment excludes payment processing and gateway services.

Metadata for products and services are relevant for SEO ( Search Engine Optimization) as well as for the presence in comparison portals.

SEO (Search Engine Optimization) functions by means of paid search results using keywords.

Cross-selling involves recommending complementary goods for a product in which the customer is currently interested.

Which statements about the four stages of development in the digital transformation of supply chain processes are true?

The goal of the third development stage is to improve cooperation with suppliers and customers at all levels (e.g., collaborative planning).

The first development stage is also called functional alignment, because in this stage the internal production processes are often isolated.

The integrated cooperation and optimization (4th stage) requires a digital exchange of all data necessary for the cooperation.

The goal of the first stage of development is to maximize internal production.

Which statements about "Total Quality Management" (TQM) are true?

The emergence of TQM led to the paradigm shift "from quality management to quality control".

Determining organizational responsibilities is one of the activities involved in implementing TQM.

Total Quality Management puts the customer first, in order to increase process effectiveness.

The three levels of TQM are meta-management level, strategy level and execution level.

A-X-goods:

Demand-synchronous procurement (JIT)

Procure to stock

Case-by-case procurement

Procure to stock

C-X-goods and C-Z-goods is:

Demand-synchronous procurement (JIT)

Procure to stock

Case-by-case procurement

Procure to stock

A-Z-goods

Demand-synchronous procurement (JIT)

Procure to stock

Case-by-case procurement

Rights of individual users according to the guidelines of the purchasing organization (Buy or Sell side)

Buy

Sell

Only one single login is required in one system (Buy or Sell Side)

Buy

Sell

Conditions are up-to-date (Buy or Sell side)

Buy

Sell

Low initial effort for introducing the system (Buy or Sell)

Buy

Sell

Configuration of products is better possible (Buy or Sell Side)

Sell

Buy

Transparency, thanks to own data management and reporting (Buy or Sell)

Buy

Sell

Product-specific representation of the items is better possible (Buy or Sell Side)

Buy

Sell

Own approval procedures and workflows (Buy or Sell side)

Buy

Sell

Good terms and conditions

Fulfillment Phase

Information Phase

Agreement Phase

Stimulation Phase

Better customer access

Stimulation Phase

Fulfillment Phase

Information Phase

Agreement Phase

Convincing offer

Agreement Phase

Information Phase

108000

Mock Exam 1 - Supply Chain and Logistics

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