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12th March, 2013

Indian Institute of Management Lucknow
PGP I (Supply Chain Management)

Sections F & G

Make-up Quiz (CLOSED BOOK)

Total Marks: 04

Q1. Answer whether the following are True / False:

(2 Marks)

Fixed period systems never result in stock-outs between periods. F Supply chain success cannot be measured by summing profits at each individual stage. T Bottom Line Improvement is linked to the academic approach to supply chain management. F All stages (producers, suppliers, retailers, customers, etc.) may not be present in all supply chains. T

Transportation mode selection is a strategic decision. T
Reducing cycle time increases inventory. F
‘E’in VED stands for essential. T
Holding costs do not include obsolescence. F
The replenishment cycle is initiated when a supermarket runs out of stock of a particular item. T Lead time is assumed zero in EOQ model. F
Inventories mask quality problems. T
Better supply chain management leads to fewer physical assets. T Expediting in purchasing is a strategic decision. F
Financial Services/ Logistics Services Providers are part of extended supply chains. T Fixed period systems may result in stock-outs between periods. T Expediting in purchasing is an operational decision. T

All stages (producers, suppliers, retailers, customers, etc.) must be present in all supply chains. F Holding costs include obsolescence. T
Inventories do not mask quality problems. F
Lead time is known and constant in EOQ model. T
Supply chain success may be measured by summing profits at each individual stage. F Bottom Line Improvement is linked to the industry approach to supply chain management. T Transportation mode selection is an operational decision. F

Reducing cycle time reduces inventory. T
‘E’in VED stands for economical. F

Q2. Select the best answer:

(2 Marks)

In a multi-stage global supply chains, managers should attack activities/ process/ stages that exhibit:
high demand variability and high...
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