______________ is a set of approaches utilized to efficiently integrate suppliers ,manufacturers, warehouses, and stores, so that merchandise is produced and distributed, at the right quantities, to the right location ,and at the right time, in order to minimize system wide costs while satisfying service level requirements.
Detailed Answer
Correct answer: (B)
Supply chain management
2
VMI stands for ______________
Detailed Answer
Correct answer: (A)
Vendor Managed Inventory
3
Effective management of the ______________ process in supply chain enables the firm to identify productivity improvement opportunities and breakthrough projects.
Detailed Answer
Correct answer: (D)
returns management
4
_____________ and physical distribution are the two major operations of logistics.
Detailed Answer
Correct answer: (B)
Materials Management
5
______________ is a part of supply chain management
Detailed Answer
Correct answer: (D)
Logistic management
6
The determination of transport rate and price are normally based on economic ,shipper and carrier factor, followed by alternative ______________
Detailed Answer
Correct answer: (C)
pricing strategies
7
Logistics add value by creating ______________ Utilities.
Detailed Answer
Correct answer: (A)
time and place
8
The out put of ______________ era is the maximization of customer value and harmonious long -run relationship between all supply chain members.
Detailed Answer
Correct answer: (D)
externally integrated business function era (1990s)
9
______________ requires cradle - to - cradle logistics
Detailed Answer
Correct answer: (C)
life cycle support
10
_____________ is a small group of employees in the same work area or doing similar work who voluntarily meet regularly to identify,analyse and resolve work related problems leading to improvement in their total performance.
