FREE Certified in Production and Inventory Management (Basics of Supply Chain Management) Questions and Answers

Question 1

Which of the following functional domains makes decisions regarding the supply of products and the treatment of customers?

Accepted Answer

Marketing

Answer

Engineering

Answer

Finance

Answer

Manufacturing

Question 2

Which of the following claims about the idea of independent demand is accurate?

Accepted Answer

The requirements for these items are usually forecasted

Answer

The demand for these items is related to demand for other items

Answer

These items are usually raw materials

Answer

The demand for these items must be calculated

Question 3

An advantageous competitive trait is one that:

Accepted Answer

A company must exhibit to gain new sales

Answer

Is universal between customers and markets

Answer

Differentiates among potential customers

Answer

A company must exhibit to be considered a potential supplier

Question 4

A product is expected to sell 200 units per month. During the previous six months, the actual demand was 195, 210, 205, 190, 220, and 225. Which of the following values best represents the data's mean absolute deviation?

Accepted Answer

12.5

Answer

75

Answer

7.5

Answer

45

Question 5

What demand management activity involves handling a client request and preparing materials for manufacturing or shipping?

Accepted Answer

Order processing

Answer

Communicating with the marketplace

Answer

Forecasting

Answer

Providing available-to-promise dates

Question 6

Which of the following calculations is a major component that is used with extrinsic forecasting?

Accepted Answer

An economic indicator

Answer

Exponential smoothing

Answer

Moving average

Answer

A seasonal index

Question 7

Which of the following files is necessary for material requirements planning?

Accepted Answer

Bill of materials

Answer

Work center

Answer

Standard cost

Answer

Routing