Question 1. Cycle stock is held as a result of a cushion between supply and demand.

True

False

Question 2. Outbound logistics covers which of the following?

Transport and warehouse networks

Transferring inputs into outputs

Handling and stock control

Installation and returns

None of the above

Question 3. The definition of a warehouse is "a planned space for the storage and handling of goods and materials".

True

False

Question 4. Safety stock is used for uncertainty with:

lead times

supply

demand

All of the above

None of the above

Question 5. Which of the following is not a function of the warehouse?

Receiving

Storing

Assembling

Manufacturing

None of the above

Question 6. Which of the following is NOT an example of independent demand?

ROP/ROL

MRP

Continuous patterns.

Forecast on all items.

None of the above

Question 7. Which of the following is a technique to reduce demand lead time variability (L.T.V.)?

Incorporate predictable order times

Get correct quality the first time

Get correct quantity the first time

Check data accuracy on what is supplied

All of the above

Question 8. According to the text, third party transportation companies are often referred to as:

supply chain management companies

source distributors

logistics suppliers

internal logistics providers

None of the above

Question 9. The value chain can be divided into primary and secondary activities.

True

False

Question 10. Value is added by ____ it faster:

moving

making

doing

Any of the above

None of the above.