PM Deck 1

Operations Strategy

1

A global automotive company is considering outsourcing its production to a supplier in China to reduce costs.
 What key risk should the company evaluate?
 
a) Increased customer lead times
 b) Loss of control over quality
 c) Higher transportation costs
d) All of the above

d) All of the above

1

• McDonald's processes are consistent across all its locations worldwide.
Which key operations strategy does this exemplify?
a) Flexible manufacturing system
b) Mass customization
c) Process & Operation standardization
d) Project-based operations

c) Process & Operation standardization

1

• A leading apparel company is considering whether to manufacture its products inhouse or outsource production. Which of the following would not be a key consideration in this decision?
  a) Cost of production
  b) Brand image and ethical sourcing concerns
  c) Competitor’s pricing strategy
  d) Complexity of product design

c) Competitor’s pricing strategy

Supply Chain

1

• Which term refers to the movement of goods from suppliers to manufacturers?
  a) Outbound
  b) Inbound
  c) Reverse
  d) Just-in-time

b) Inbound 

1

• Which strategy focuses on reducing waste in the supply chain?
  a) Agile
  b) Lean
  c) Resilient
  d) Adaptive

b) Lean

1

• What is the process of sourcing raw materials globally called?
  a) Logistics
  b) Procurement
  c) Distribution
  d) Warehousing

b) Procurement

1

What inventory strategy reduces holding costs by ordering stock only when needed?
a) Bulk
b) Buffer
c) JIT
d) Safety

c) JIT

1

• Which metric measures the time between placing and receiving an order?
  a) Demand
  b) Lead
  c) Throughput
  d) Productivity

b) Lead

(Blank)

1

Which term refers to the ability to quickly adjust supply chain operations?
a) Efficient
b) Agile
c) Centralized
d) Forecasting

b) Agile

1

• What strategy involves reducing the number of suppliers to streamline operations?
  a) Outsourcing
  b) Vendor Consolidation
  c) Procurement
  d) Decoupling

b) Vendor Consolidation

1

• Which inventory method ensures older stock is sold first?
  a) LIFO
  b) FIFO
  c) JIT
  d) EOQ

b) FIFO

1

• What is the process of monitoring and reducing environmental impact in the supply chain?
  a) Logistics
  b) Sustainability
  c) Efficiency
  d) Sourcing

b) Sustainability ✅

1

Which technology is used for real-time demand forecasting?
a) AI
b) ERP
c) Big Data
d) EDI

c) Big Data

Technology

1

1. Which technology is widely used for real-time tracking of goods in supply chains?

a) RFID

b) ERP

c) CAD

d) Blockchain

a) RFID