1. On what basis did Dickson formulate the evaluation factors?
Ans. Based on the survey done on purchasing agents and managers
2.Mention any two of the SCM constructs.
Ans. Level of information sharing, quality of information sharing
3. The main areas of SQM are Supply Chain Management and Quality Control. (True/False)
Ans. False. The main areas of SQM are Supply Chain Management and Quality Management.
4. Aligning goal is a long-term process. (True/False)
Ans. True
5. Accepting third-party standards is a practice approach in designing a robust system. (True/False)
Ans. True
6. Purchasing is a process of acquiring all the materials needed by an organization in exchange for goods. (True/False)
Ans. False. Purchasing is a process of acquiring all the materials needed by an organization in exchange for funds.
7. The goods that are received from the supplier go through ___.
a) Receipting process
b) Tender process
c) Payment process
d) Selection process
Ans. a) Receipting process
8.The high-value products usually require ___.
Ans. Bids
9. Which among the following options is a reason for the bullwhip effect?
a) Demand forecasting
b) Strategic partnership
c) Lead time reduction
d) Misguided capacity plan
Ans. a) Demand forecasting
10. The goods that are received from the supplier go through ___.
a) Receipting process
b) Tender process
c) Payment process
d) Selection process
Ans. a) Receipting process
11. Uncertainty can be reduced by centralizing the ___.
Ans. Demand information
12. In which among the following methods is expert’s opinions taken into consideration while creating forecasts?
a) Judgement method
b) Time-series method
c) Casual method
d) Market research method
Ans. a) Judgement method