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ISM521C-INTRO TO SUPPLY CHAIN MANAGEMENT-2ND OPP-JULY 2022 |
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nAm I BIA un IVERSITY
OF SCIEnCE Ano TECHn OLOGY
FACULTYOF COMMERCEH, UMANSCIENCESAND EDUCATION
CENTRE FOR ENTERPRISE DEVELOPMENT (CED}
QUALIFICATION CODE : 06DBPM
COURSE CODE: ISM521C
LEVEL: 6
COURSE NAME: INTRODUCTION TO SUPPLY
CHAIN MANAGEMENT
DATE: JUNE 2022
MODE: PM
DURATION: 3 HOURS
MARKS: 100
EXAMINERS:
SECOND OPPORTUNITY EXAMINATION QUESTION PAPER
Ms H. NUUYANDJA
MODERATOR: Ms G. TSHOOPARA
INSTRUCTIONS
1. Answer ALL the questions.
2. Write clearly and neatly.
3. Number the answers correctly.
PERMISSIBLE MATERIALS
1. Examination paper
2. Examination script
THIS QUESTION PAPER CONSISTS OF 5 PAGES (INCLUDING THIS FRONT PAGE)
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QUESTION 1: MULTIPLE CHOICE QUESTIONS
[2X15]
1.1 Which statement regarding typical supply chain flows is best?
a) The flow of goods and information goes both ways.
b) The flow of goods is downstream and the flow of information is upstream.
c) The flow of goods is upstream and the flow of information is downstream.
d) The flow of goods is downstream but information is held by all companies.
1.2 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
1.3 Reverse supply chain is employed for the following reasons, EXCEPT:
a) Repairs
b) Disposal
c) Recycling
d) Quality control
1.4 Logistics clearly contributes to
and
utility.
a) time; place
b) form; time
c) place; form
d) possession; time
e) none of the above
1.5 Which would we expect from a JIT plant as compared to a plant that does not use
JIT?
a) More inventory held at the plant.
b) More assembly hours per unit. ·
c) More deliveries of inventory.
d) More defects per unit.
1.6 The bullwhip effect:
a) is an ineffective way to motivate warehouse employees
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b) applies to rodeos and has nothing to do with supply chain management
c) refers to the "swaying" motion associated with triple trailers
d) refers to variability in demand orders among supply chain participants
1.7 Logistic network which moves finished product from company to resellers and then
to end users is classified as
a) risk averse distribution
b) reverse distribution
c) inbound distribution
d) outbound distribution
1.8 Which of the following is a method for eliminating the bullwhip or 'Forrester Effect'?
a) Timely communication of sales figures throughout the supply chain
b) The stabilisation of lead times throughout the supply chain
c) Increased accuracy of stock levels throughout the supply chain
d) Ensuring realistic Bills of Materials throughout the supply
1.9 The main objective of inventory management is:
a) Keep track of quantities of all products in stock
b) Determine optimal ordering quantities
c) To avoid dead stock and large buffer stocks
d) To increase profitability by decreasing inventory related costs and
increasing fill rates
1.10 The three functions of warehousing operations are:
a)
Movement, consolidation and storage
b)
Receive, Storage, and dispatch
c)
Receiving, transfer and shipping
d)
Order picking, semi-permanent storage and information transfer
1.11 Purchasing managers are responsible for the management of:
a)
Price changes in raw materials
b)
Adaptation of purchase orders to changes in production plans
c)
The quality of relations with suppliers
d)
Each of the above (all are correct answers)
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1.12 An important disadvantage of using JIT is:
a)
Reduced inventory turnover rates
b)
Shipping costs increase as LTLmovements are made
c)
An increase in manufacturing cycle times
d) The use of greater numbers of carriers
1.13 All the following are inventory risk costs except:
a) Obsolescence
b) Taxes
c) Damage
d) Shrinkage
1.14 Which of the following is a key part of a decision to outsource?
a) Make or buy
b) Win or lose
c) Buy or sell
d) Passor fail
1.15 __ refers to the raw materials, component parts, and supplies bought from
outside organizations to support a company's operations.
a) Inbound logistics
b) Procurement
c) Materials management
d) Supply management
Sub-total: 30 Marks
QUESTION 2
2.1 Define supply chain management. What are the differences/similarities between
logistics and supply chain management?
(10 marks)
2.2 Discussany 5 supply chain challenges
(10 marks)
2.3 Companies or business organisations today operate in a globalised economy.
However, interdependence and connectedness are necessary requirements for
global business success. Outline any five advantages and five disadvantages of
globalisation generally?
(10 marks)
Sub-total: 30 Marks
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QUESTION 3
3.1
Differentiate between procurement and purchasing.
(10 marks)
3.2
Lists four (4) Classification of inventory based on its position in the supply chain and
five (5) Classification of inventory based on its purpose.
(9 marks)
3.3
Discuss the four (4) categories of inventory carrying costs.
(12 marks)
3.4
Distinguish between lean and agile supply chain strategy
(9 marks)
Sub-total: 40 Marks
Grand Total: 100 marks
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