Value Chain
What is a value chain?
a) Producing valuable products
b) Set of activities that add value to raw materials and sub products
c) Value created by consumer
d) Selling a valuable product
b) Set of activities to deliver valuable product to the market
a) quality management
b) warehousing
c) distribution
d) reverse logistics
a) quality management
a) Sales push production to produce more
c) The movement of goods in a chain is initiated by supply
c) Demand drives logistics
d) Amount of returns must be minimized
c) The movement of goods in a chain is initiated by supply
What is outsourcing?
a) Help neighbor build fence
b) Send grandma a postcard
c) Hire nanny
d) Hire new employee
c) Hire nanny
What is the short definition of efficiency?
a) How to do it
b) Why to do it
c) What is the cost
d) What to do
d) What to do
What activity is not value adding to the product?
a) mining of gold
b) loading a truck
c) producing a car
d) making a "ready-to-drink" juice
b) loading a truck
a) Point of return
b) Return of investment
c) Repeated order
d) Customer service level indicator
a) Demand and supply is equal
b) Much more frequent deliveries
c) Overestimated inventories
d) Increase of customer complaints
b) Much more frequent deliveries
What means 3PL?
a) Three musketeers
b) Third party logistics
c) Transportation management
d) Multi modal transportation
b) Third party logistics
What is the best guitar riff of all times?
a) AC/DC Thunderstruck
b) Guns N Roses November Rain
c) Black Sabbath Iron Man
d) Deep Purple Smoke on the water
e) Led Zeppelin Kashmir
d) Deep Purple Smoke on the water
a) customers and consumers
b) finished goods manufacturers and wholesalers
c) raw material manufacturers, wholesalers and retailers
d) all mentioned above
d) all mentioned above
How does short life cycle of products affect supply chain?
a) Longer lead times
b) Less complexity
c) Shorter transportation routes
d) Higher agility
d) Higher agility
a) make-to-order
b) produce-to-assemble
c) deliver-to-customer
d) plan-for-production
a) make-to-order
a) delivery planning
b) returns handling
c) transportation
d) inventory management
c) transportation
a) low salaries
b) lost of intellect
c) waiting time
d) danger, hurts
a) low salaries
a) produce and deliver
b) have a good marketing strategy
c) store and count
d) all mentioned above
a) produce and deliver
a) Less than 10%
b) 80%
c) 50%
d) 25%
a) transportation cost are equally allocated to products
b) all logistics costs are allocated to products based on activities
c) all costs are allocated based on logistics activities
d) warehousing, transportation and returns costs are allocated based equally to every product
b) all logistics costs are allocated to products based on activities
What is the first step when considering outsourcing?
a) Market research
b) Making list of possible service providers
c) Decide scope of outsourcing
d) Calculate cost savings
c) Decide scope of outsocrsing
How Kaizen methodology helps Supply Chain to be efficient?
a) transport is faster and less damages
b) warehouse is well organized and losses are minimized
c) Customer service standard is met and exceeded
d) Turnover of employees is low
e) All mentioned above
e) All mentioned above
How supply chain activities can help to form a value chain?
a) Transport goods
b) Connects all parts of value chain
c) Add value by storing valuable products
d) Moving value throughout the value chain
d) Moving value throughout the value chain
a) rent of 2000m2
b) transport of goods from Tallinn to Tartu
c) cost per item delivered
d) labor cost per fixed contract
c) cost per item delivered
Competitive advantage equals to...
a) product excellence x low price
b) low inventories x fast deliveries
c) process excellence x product excellence
d) product excellence x revers logistics
c) process excellence x product excellence
The differences between Outsourcing & Insourcing are:
a) ...cost&control
b) ...risks&taxes
c) ...health&safety
d) no difference
a) ...cost&control
How cost to supply helps to be customer centric ?
a) Determine and define all costs in logistics
b) Helps to understand how to add value to customer
c) Reduce revers logistics
d) Cost saving in warehouse and distribution
b) Helps to understand how to add value to customer