Systematic flow of services, goods or information from buying material for product delivery
to customers is known as
A. supply chain
B. value chain
C. material flow chain
D. manufacturing flow chain
Buying of goods or materials for production in a way that they are delivered directly on
manufacturing facility of company is called
A. economic order quantity purchasing
B. annual purchasing
C. just in time purchasing
D. both a and b
An ability of an accounting system, to point out use of resources in every step of production
process is called
A. back-flush trails
B. audit trails
C. trigger trails
D. lead manufacturing trails
What is used for ADC in implementation of WMS?
1. RF terminals
2. Dispensers
3. IR terminals
4. None of the above
____ refers to a process where a product is received in a facility, occasionally married with
product going to the same destination, and then shipped at the earliest time, without going
into longer-term storage.
1. Just-in-time
2. Cross-docking
3. Consolidation
4. Turbo logistics
005
1. The sequence of a typical manufacturing supply chain is
a. Storage–Supplier–manufacturing–storage–distributor–retailer–customer
b. Supplier–Storage-manufacturing–storage–distributor–retailer–customer
c. Supplier–Storage-manufacturing– distributor–storage–retailer–customer
d. Supplier–Storage-manufacturing–storage– retailer–distributor–customer
2. Due to small changes in customer demand, inventory oscillations become progressively
larger looking through the supply chain. This is known as
a. Bullwhip effect
b. Net chain analysis
c. Reverse logistics
d. Reverse supply chain
3. Value of shipment = $650,000. Shipping costs $40 daily-5 days. Holding costs for shipment
is 25% of value per year. Total logistic cost is
a. 2426
b. 3436
c. 4456
d. 5260
4. Which one of the following is the best explanation of international logistics?
a. The moving of raw materials from their foreign sources company facilities
b. Managing the information regarding the flow of resources in the company's supply chain.
c. Managing the flow of products from the company's foreign warehouse facilities to the company's
customers around the world.
d. The management of resources in a company's supply chain across at least one international
border.
5. Which of the following documents are not required for obtaining an export license?
a. IEC number
b. Letter of credit
c. Registration cum membership certificate
d. Bank account number
6. Which of the following documents is not required in connection with an import
transaction?
a. Bill of lading
b. Shipping bill
c. Certificate of origin
d. Shipment advice and logistics.
7. Packaging performs two functions..........and logistics.
a. Distribution.
b. Store keeping
c. Material handling
d Marketing.
8. What measures the effectiveness of the integrated logistical performance?
A. Customer satisfaction
B. Absolute performance
C. ISO
D. Perfect order
9. The need to monitor day-to-day performance versus less frequent review to diagnose
performance problems is:
A. Competitive bias
B. Measurement focus
C. Measurement frequency
D. Period audit
10. What is NOT an approach to identify and control logistics expenses?
A. Return on Investment
B. Contribution
C. Net profit
D. Activity-based costing
11. Carter Limited orders 250 units at a time and places 15 orders per year. Total ordering
cost is S1,600 and total carrying cost is S1,250. Which of the following statements is true?
A. The economic order quantity (EOQ) is 250.
B. The economic order quantity (EOQ) is more than 250.
C. The economic order quantity (EOQ) is less than 250.
D. Total inventory-related cost is lower than it would be at the economic order quantity (EOQ).
12. Carter Limited orders 250 units at a time and places 15 orders per year. The total
ordering cost is $1,100 and the total carrying cost is $1,750. Which of the following statements
is true?
A. The economic order quantity (EOQ) is 250.
B. The economic order quantity (EOQ) is more than 250.
C. The economic order quantity (EOQ) is less than 250.
D. Total inventory-related cost is lower than it would be at the economic order quantity (EOQ)
13. Carter Limited orders 250 units at a time and places 15 orders per year. The total
ordering cost is $1,100 and the total carrying cost is $1,100. Which of the following statements
is true?
A. The economic order quantity (EOQ) is 250.
B. The economic order quantity (EOQ) is more than 250.
C. The economic order quantity (EOQ) is less than 250.
D. Total inventory-related cost is lower than it would be at the economic order quantity (EOQ).
14. A store has a daily demand of 200 SKU, the average performance cycle length is 3 days.
The manager checks inventory every 2 weeks. To avoid stockout, he reserves another 30
SKUs in stock. What is his reorder point?
A. 1450
B. 2030
C. 2850
D. 3000
15. Freight to pay the bill of lading is acceptable if
A. The contract term is CIF.
B. The contract term is CFR.
C. The contract term is FOB.
D. Goods are carried by a foreign vessel.
16. The flow of information that facilitates operational activities is
A. Forward information flow.
B. Backward information flow.
C. Upward information flow.
D. Downward information flow.
17. Capacity planning, within logistics management, will be influenced the most by...
A. available resources
B. competitor activities
C. customer locations
D. management knowledge
18. The warehousing function that combines the logistical flow of several small shipments to
a specific market area is
A. Break bulk function.
B. Operational function.
C. Stockpiling function.
D. Consolidation function.
19. ...............concept is similar to the concept of unitization and has the similar objective of
space reduction
a. Logistical Packaging
b. Cube Minimization
c. Building block
d. Palletizing
20. Martin Limited uses 625 units of a part each year. The cost of placing one order is S8; the
cost of carrying one unit in inventory for a year is $4. Martin has decided to begin ordering
40 units at a time. What is the average annual carrying cost of Martin's new policy?
A. $80
B. $60
C. $160
D. $429
21. Martin has decided to begin ordering 40 units at a time. What is the average annual
ordering cost of Martin's new policy?
A. $190
B. $150
C. $125
D. $100
22. What is the EOQ for Martin?
A. 100
B. 50
C. 45
D. 30
23. Under a JIT system:
A. customer demand pulls units through the production line
B. safety stock is set at relatively high levels
C. stock-outs are never a problem
D. inventory levels are set at 10% of total production levels
24. Which of the following terms cannot be used for transportation of goods by Road or Air?
A. FAS.
B. DDP.
C. EXW.
D. CIP.
Q25 to Q26 use the flowing table below, which shows the actual demand for Vinsmart in the
HCMC market:
Month
Demand
Jan
3752
Feb
4583
Mar
4551
Apr
6750
May
6752
Jun
5346
25. What is Vinsmart's forecasted demand in Jul using Moving average 5- month approach?
a. 6282
b. 6049
c. 5597
d. 4581
26. What is Vinsmart's forecasted demand in July using Moving average 3-month approach?
a. 5909
b. 6283
c. 6350
d. 6400
27. Assigning 1" closest data to current time has a weight of 0.5. The second closest data is
0.4 and 3rd closest data is 0.1. What is Vinsmart's forecasted demand in Jul using Weighted
Moving average 3-month approach?
a. 6048
b. 6282
c. 4772
d. 3761
28. What is Vinsmart's forecasted demand in Aug using Weighted Moving average 3-month
approach?
a. 5873
b. 5838
c. 3050
d. 6282
29. TGDD reported annual sales of $355.75 billion, average inventory of $45.96 billion, and
a profit of $251.25 billion. Auchan's inventory turnover for the year equals:
a. 7.74
b. 2.27
c. 1.01
d. 0.13
30. How many days does TGDD hold its inventory?
a. 47
b. 46
c. 161
d. 45
001
Part 1
1. In exponential forecast method, when a decreases:
a. Old data is less important
b. Old data is more important
c. Forecasting line becomes more fluctuated
d. None of the above
2. Receiving a single large shipment and arranges for delivery to multiple destinations:
a. break-bulk
3. The warehousing function that combines the logistical flow of several small shipments in
a specific market area is
a. Break bulk function
b. Operational function
c. Stockpiling function
d. Consolidation function
3. The transportation model coordinated between railways and roadways is
a. Transship
b. Airtruck
c. Piggyback
d. Fishyback
4. Which of the following IS NOT a function of reverse logistics:
a. Remarketing
b. Refurbishing
c. Remark
d. Recall
5. Low value-to-weight ratio items will need type of warehouse:
a. Decentralized
b. Centralized
c. Fixed
d. Floated
6. Positioning inventory for seasonal or promotional demand is known as?
a. Spot-stocking
7. Maintaining safety assuring compliance to regulations and helping improve procedures
tasks of:
a. audit
7. Which of these is NOT true?
a. Public warehousing is flexible and can be easily changed in accordance with….?
b. Private warehousing is flexible and can be easily changed in accordance with…?
c. Contracted warehousing is flexible and can be easily changed in accordance with…?
d. Public warehousing charges clients basic functions plus some value-added sẻvices?
7. Auchan reported annual sales of $355.75 billion, an average inventory of $45.96 billion,
and a profit of $251.25 billion. Auchan's inventory turnover for the year equals:
a. 7.74
b. 2.27
c. 1.01
d. 0.15
8. How many days does Auchan hold ins inventory?
a. 47
b. 46
c. 161
d. 45
Q12 to Q15 uses the flowing table below, which shows actual demand for Oppo phone in
HCMC market:
Month
Jan
Feb
Demand
3752
4583
Mar
4551
Apr
6750
May
6752
Jun
5346
9. What in Oppo’s forecasted demand in Jul using Moving average 5- month approach?
a. 6282
b. 6049
c. 5597
d. 4581
10. What is Oppo’s forecasted demand in July using exponential smoothing with a=0.6? Let
the forecast in Jun the answer from previous question Q1
a. 5447
b. 5650
c. 5957
d. 6002
16. What is logistics?
c. the design and administration of systems to control movement and geographical positioning of
raw materials, work-in-process, and finished inventories at the lowest total cost.
17. What happen to components of logistics cost over time?
b. Transportation costs have gone up, Inventory Costs have gone down, Administrative Costs have
stayed the same
18. Multiple suppliers is strategy of
a. leverage purchase
19. Which component of time series is affected by business cycle?
a. cyclical
20. The styling and color to attract customer is which product dimension
b. aesthetics
21. What is the most common measure of business performance?
c. return on investment
22. percentage of hours that equipment is not ultilized
a. capacity utilization
The ratio of total sales divided by total assets is asset turnover
Part 2
Q1. What are important factors in selecting relationship type of 3PL?
Q2. Suppose we have a seafood farm in Nha Trang and we serve fresh seafood to customers
in Saigon, Da Nang, Hanoi and Beijing. Our suppliers of raw foods and other materials are
in Binh Thuan province. Design the physical flow, select warehouse location and suitable
transportation modes. You can make a chart with motes to ….your answer
1. .... is a part of supply chain management.
a. financial management
b. human resources management
c. marketing management
d. logistics management
2. LIS in logistics management stands for:
a. Logistical inventory system
b. Logistical investment system
c. Logistical input system
d. Logistical information system
3. Smart companies coordinate their logistics strategies and forge strong partnerships with
suppliers and customers to improve customer service and reduce channel cost through.
a. Cross-company teams
b. Partnering
c. Segregated departmentalization
d. Cross-functional, cross-company teams
4. ___ includes design and administration of systems to control the flow of materials, WIP
and finished inventory to support business unit strategy.
a Logistics management
b. Materials management
c. Bill of materials
d. None
5. Today, a growing number of firms now outsource some or all of their logistics to __
a. Disintermediaries
b. Competitors
c. Cross-functional teams
d. Third-party logistics providers
6. The effective implementation of logistic strategies includes in __ stage.
a. Corporate vision
b. Logistic strategic analysis
c. Logistic planning
d. Managing change
7. Material management function in logistics management known as __
a. Out-bound logistics
b. In-bound loaistics
c. Material logistics
d. Production logistics
8. ___ logistics function ensures timely availability of semi-processed materials components
inventory to support the production schedule.
a. Procurement function
b. Production function
c. Physical distribution function
d. Material management function
9. Marketing logistics in logistics management known as ___
a. Out-bound logistics
b. In-bound logistics
c. Material logistics
d. Production logistics
10. Proper definition and communication of logistics __ objective are prerequisites for the
development, implementation, administration, and control of logistics system design
a. Strategic
b. Operational
c. Managerial
d. Technical
11. Material handling is a branch of engineering which deals with the movements
of___between two or more different points.
a. Goods
b. Material
c. Product
d. Place
12. ___ requires cradle-to-cradle logistics.
a. Quality
b. Inventory reduction
c. Life cycle support
d. Responsiveness
13. ___ objective in logistics ensure a proper balance between total logistic cost and desired
level of customer service performance.
a. Right value
b. Right information
c. Right quality
d. Right cost trade-offs
14. Logistics add value by creating ___ utilities.
a. Time and place
b. Risk
c. Protection
d. Promotion
15. The gift of logistics system is the same level of customer service can be maintained with a
___
a. Higher inventory
b. Lower inventory
c. Total inventory
d. Valued inventory
16. The six R's about operational objectives of logistic management includes: Right response,
Right quality, Right quantity, Right value, Right cost trade-offs, and ___
a. Right production
b. Right place
c. Right information
d. Right person
17. The term Logistics stems from the Greek word ___
a. Logico
b. Lobistico
c. Logisticos
d. Logo
18. ___ technical report (1981) defines logistics as the science of planning and carrying out
the movement and maintenance of forces.
a. UK air force
b. Indian air force
c. Russian air force
d. US air force
19. Production function of logistics is also called __
a. Manufacturing function
b. Operation function
c. Both a and b
d. None of the above
20. ___ and physical distribution are the two major operations of logistics.
a. Supply chain management
b. Materials management
c. Logistics management
d. None
21. The managing change by developing a cohesive environment in the organization is
included in ___ stage of strategic planning process.
a. Corporate vision
b. Logistic strategic analysis
c. Logistic planning
d. Managing change
22. Logistic system follows the principle of ___ advantage.
a. Comparative
b. Co-operative
c. Discriminating
d. Productive
23. ROLA in logistic management means ___
a. Return On Local Assets
b. Return On Logistics Assets
c. Requirement Of Local Assets
d. Requirement Of Logistics Assets
24. Logistics activities provide the bridge between production and market locations that are
separated by ___ and
a. Place and product
b. Time and distance
c. Process and progamme
d. Product and distance
25. ___ system in logistic management refers to a set of activities concerned with storage and
flow of all materials, information and control systems in a cost-efficient manner.
a. Operating
b. Physical
c. Integrated
d. Distribution
26. Strategic logistics planning process starts with the definition of___
a. Corporate vision
b. Logistic strategic analysis
c. Logistic planning
d. Managing change
27. Apart from economic and non-economic benefits, ___ is the main artery of logistics and
supply chain management for the movement of goods.
a. Warehousing
b. Production
c. Storage
d. Transportation
28. All of the following are the logistics functions EXCEPT?
a. Order processing
b. Warehousing
c. Inventory management
d. Retailing
29. ___of a logistic system design taking in to consideration all the costs of integrated system.
a. Inventory analysis
b. Production analysis
c. Benefit analysis
d. Total cost analysis
30. Which of te following is not an area of responsibility for the logistics manager?
a. Warehousing
b. Inventory
c. Information systems
d. Marketing