. . . . . . . . is the process by which company creates and manages supply chain in order to strike a right balance between inventory, transportation and manufacturing cost.
A. Product life cycle
B. Logistics
C. Value chain analysis
D. Supply chain design
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Process Management is concerned with the selection of inputs, operations, workflows and methods that transform inputs into
A. outputs
B. inputs
C. profit
D. cost
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Average inventory computed by
A. 2 Beginning Inventory + Ending Inventory
B. 2 EOQ × C i
C. 2 EOQ × C 0
D. 2 100 × EOQ
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Markov process is based on
A. Probability Theory
B. Inventory Models
C. Routing Models
D. Simulation Models
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Selecting suppliers and purchasing items is called . . . . . . . .?
A. Negotiation
B. Procurement
C. Contracting
D. Selection
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ABC is a method of
A. Inventory Control
B. Financial Control
C. Cost Control
D. Accounting Control
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ISO-9000 is related with
A. Quality System
B. Functional System
C. Financial System
D. Cost
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Which of the following is/are part of phases in Operational Research?
A. Formulation and Defining the Problem
B. Analysing the Problem
C. Construction of Model
D. All of the above
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Match the following.
List-I
List-II
a. Brand valuation
1. Five Assets model
b. Aaker's Brand Equity model
2. Financial value
c. Image brands
3. Brand resonance
d. CBBE model
4. Heavy advertisement
A. a-2, b-1, c-3, d-4
B. a-2, b-1, c-4, d-3
C. a-2, b-4, c-3, d-1
D. a-2, b-3, c-4, d-1
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Match the following
List-I (Process of control)
List-II (Inventory)
a. Active Process
1. Replenishment policies
b. Compare progress with plans
2. Issue production & procurement orders
c. Expedite
3. Distribution of demand
d. Process capacity
4. Records of stock level
A. a-1, b-2, c-3, d-4
B. a-1, b-3, c-2, d-4
C. a-4, b-3, c-2, d-1
D. a-4, b-2, c-3, d-1
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"Operational Research is the art of giving bad answers to the problems otherwise which has worst answers." Who said?
A. R. M. Morse
B. Koontz and O'Donnell
C. T. L. Satty
D. Churchman, Acoff, Aronoff
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Which of the following is/are benefits of method study?
A. Increased Productivity
B. Saving in Materials
C. Improvement of Quality
D. All of the above
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Match the following
List-I (Techniques of Operational Research)
List-II (Element)
a. Simulation Model
1. Waiting Time
b. Queueing Model
2. Order Size
c. Allocation Model
3. Game Theory
d. Inventory Model
4. Integer
A. a-1, b-3, c-2, d-4
B. a-1, b-2, c-3, d-4
C. a-3, b-1, c-4, d-2
D. a-1, b-2, c-4, d-3
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According to Keller, which is the most desirable and difficult stage to achieve?
A. Brand meaning
B. Brand identity
C. Brand response
D. Brand resonance
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ISO-14000 series as quality system stan dard published by
A. Bureau of Indian Standard
B. RBI
C. International Organisation for Standard
D. SEBI
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The 4 costs of quality are external failure costs, internal failure costs, assurance costs and . . . . . . . . costs.
A. Inspection
B. Prevention
C. Performance
D. Insurance
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Monte Carlo method used in
A. Derivation of Solution
B. Validation of Model
C. Mathematical Model
D. Defining the Problem
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Which of the following statement is/are true?
A. Product layout designed according to a separate line for each product is considered
B. Material handling per product is costlier because of long distance handling and back tracking
C. Bulk purchase of materials is done at periodic intervals. Due to continuous process, less in process inventory exists hence material cost per product is less
D. All of the above
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Which of the following statement is true?
A. The design of products and services is partially dependent on the productive system design and vice versa
B. Process design is concerned with the overall sequences of operations required to achieve the design specifications of the product
C. Form design is concerned with the appearance and aesthetic considerations and also the size, volume and weight of the product which are secondary to the performance of the product
D. All of the above
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Which of the following is not a component of managing sales force?
A. Recruitment
B. Training
C. Supervision
D. None of these
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