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Evaluation Unit 2

This document contains 10 questions about concepts related to stock management and the supply chain. The questions cover topics such as the definition of stock, the drawbacks of inventory management systems based on demand forecasting, the differences between procurement and purchasing, and how time can add value to a product.
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0% found this document useful (0 votes)
18 views4 pages

Evaluation Unit 2

This document contains 10 questions about concepts related to stock management and the supply chain. The questions cover topics such as the definition of stock, the drawbacks of inventory management systems based on demand forecasting, the differences between procurement and purchasing, and how time can add value to a product.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Question 1

What does stock management mean?

Select one:

a. a. Stock is the amount of product that is accumulated in a specific place and is available for
to be sold, distributed, or used.

b. A person or a company that supplies other companies with inventory (items), which will be
transformed to sell them later or are directly bought for resale.

c. None of the above.

Feedback

The correct answer is: a. Stock is that quantity of product that is accumulated in a place.
determined, and in a position to be sold, distributed, or used.

Question 2

What is the main drawback of inventory management systems based on forecasting?


demand?

Select one:

a. They assume a constant demand behavior. Correct Because they assume a


constant demand behavior, additional evaluations and periodic reviews are necessary
the definition of the parameters the greater the variability of demand (standard deviation).

b. They are difficult to manage.

c. That remain in the theoretical plane.

Feedback

The correct answer is: They assume a constant demand behavior.

Question 3

After reading the following news:

Do Zara stores have a large warehouse?

Select one:

Yes, Zara stores have a large warehouse.

b. No, Zara does not have large stores in sustendas. Correct This is the valid alternative. Amancio
Ortega designed a store where all its sales area is its warehouse, thus saving significant costs.

Feedback

The correct answer is: No, Zara does not own department stores in Sustainas.

Question 4

Two differences between Supply and Purchasing:


Select one:

a. Procurement: Sets and suggests prices

Purchases: Compare prices in the market to supply the organization with products.

Procurement: Plan and manage purchases, Purchases: Ensure the quality of materials
supplied.
d. Supply: Does not collaborate with the purchasing area and Purchase: Collaborates with the rest of the Areas of the
company.

Feedback

The correct answer is: Purchases: Compare prices in the market to supply the organization with
products.

Question 5

What key aspect is sought during the supplier selection process?

Select one:

a. Find the cheapest.

b. Identify suppliers that meet the requirements. Correct The preparation of the requirements
previous for the selection of suppliers, although it includes economic aspects, it does not have a finality.
final selection of the provider, but only to select the most suitable.

c. Find competitors' suppliers to understand their costs.

Feedback

The correct answer is: Identify suppliers that meet the requirements.

Question 6
What type of competitive priority do Bang & Olufsen or El Bulli offer to their customers?

Select one:

a. Cost and flexibility

Quality and service

Feedback

The correct answer is: Innovation

Question 7

What is one function of the distribution subsystem within internal logistics?

Select one:

a. The function of stocks

b. The function of transport and delivery: Correct The transport system is the most important component.
for most organizations, because the success of a supply chain is
closely related to its design and proper use. Transportation is responsible for moving the
finished products, raw materials and supplies, between companies and clients that are dispersed
geographically, and adds value to the transported products when they are delivered on time, without
damages and in the required quantities.

c. The function of control and monitoring of production:

Feedback

The correct answer is: The transportation and delivery function:

Question 8

What element belongs to the supply chain

Select one:

a. Lead Time

a QMS

c. Lean Feedback

The correct answer is: Lead Time

Question 9
After watching the following video:

What is the problem with manual packaging?

Select one:

a. The problem of manual packaging is that there are not enough workers or material to carry it out,
In addition, repetitive movements, routine actions, and inadequate posture are recorded.

b. The problem of manual packaging is that too much time is spent on it, and additionally it
They register repetitive movements, routines, and improper postures. Correct This is the correct answer.
It is worth adding that to solve this problem, the businessman implements a packaging machine.
automatic.

The problem with manual packing is that there is not enough material to carry it out.

Feedback

The correct answer is: The problem with manual packaging is that too much time is spent on it.
carry it out, in addition, repetitive movements, routines, and improper postures are recorded.

Question 10

Can time be a factor that adds value?

Select one:
a. Only if it is a magnitude on the order of months.

b. When the product value is relatively small, no, in other cases yes.

c. Always, if only for the improvement of the service by reducing delivery times.
Correct For any supply chain customer, tempo is a fundamental variable, as
the smaller it is, the less you should invest in inventory.

Feedback
The correct answer is: Always, even if only for the improvement of service through the reduction of the
delivery deadlines.

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