Question 1: Multiple choice questions (10 marks) Select the most correct answer

Question

Question 1: Multiple choice questions (10 marks) Select the most correct answer to each question posed and indicate your selection by circling the appropriate answer I(a), or (b), or (c), or (d), or (e)). Each correct answer gains one (1) mark; there are no penalties for incorrect answer. Which of the following is not a concern of the supply chain? a. warehousing and inventory levels b. maintenance scheduling C. suppliers d. distributors and banks e. credit and cash transfers 1. ntangible costs that need to be considered for location decisions include which of the following? a. quality of education b. quality of prospective employees C. availability of public transportation d. all of the above e, none of the above The objective of maintenance is to: a. maintain the capability of the system while controlling costs b. ensure that no breakdowns will ever occur ensure that preventive maintenance costs are kept as low as possible ensure that breakdowns do not affect the quality of the products d. e ensure that maintenance employees are fully utilized Which of the following statements best describes the relationship between quality management and product strategy? a. Product strategy is set by top management; quality management is an independent activity. b. Quality management is important to the low-cost product strategy, but not to the response or 4. differentiation strategies c. High quality is important to all three strategies, but it is not a critical success factor. d.) Managing quality helps build successful product strategies. e. Companies with the highest measures of quality are no more productive than other firms. 5. To become ISO 9000 certified, organizations must a. have an onsite assessment b. document quality procedures c. have an ongoing series of audits of their products or service d all of the above e. none of the above An organization's process strategy a. will have long-run impact on efficiency and flexibility of production b. is the same as its transformation strategy c. must meet various constraints, including cost d. is concerned with how resources are transformed into goods and services e, All of the above are true.

Explanation / Answer

1. e) Credit and cash transfer is not the concern of the supply chain management.

Warehouseing and inventory levels need to be maintained for a smooth supply. Suppliers, Distributers and Banks are also the major concern of supply chain. Maintenance maust be sheduled to take proper care of the goods

2. d) All of the above

Quality of education and the prospective employees are the intangible cost along with these, the availability of public transport, exapansion potential, legal regulations are also the part of intangible cost. The intangible costs are not directly related to production.

3. d) Objective of maintenance is to ensure that the breakdowns do not affect the quality of the products.

Breakdowns can not be avoided and the maintenance cost can not be ignored. Reduction of maintence cost will increase the chances of failure in needs of breakdowns.

4. d) Managing quality helps build successful product strategies.

It os very important to manage the quality standards which will be very useful in designing the product strategies as to focus on which consumer segment, how to deal with the competition etc.

5. d) All of the above

For ISO 9000 certification all the three things mentined are necessary. Apart form these other thing are also required such as management responsibility, control design, contract review, product identification etc.

6. d) is concrned with how goods are transformed into services

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