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NEW QUESTION 52
The process of accessing progress toward achieving predetermined goals is called:
- A. Professional development
- B. Performance measurement
- C. Efficiency evaluation
- D. Support center
Answer: B
NEW QUESTION 53
The supply management professional may
use conflicts?
- A. Acceptance
- B. All of the above
- C. Litigation
- D. Negotiation
Answer: B
NEW QUESTION 54
The re-employment, reuse, recycling or regeneration of something of value that is no longer necessary for the original intent is called:
- A. Financing recovery
- B. Supply chain recovery
- C. Asset recovery
- D. Inventory recovery
Answer: C
NEW QUESTION 55
According to Juran, which of the following three management processes are essential for all organizations?
- A. Quality management, quality improvement and resource planning
- B. Variation control, resource improvement and quality planning
- C. Quality control, quality improvement and quality planning
- D. Quality assurance, process improvement and resource planning
Answer: C
NEW QUESTION 56
A standard
of point
of reference
used in measuring or judging an organization's performance according to selected criteria is called:
- A. Process revelation
- B. None of the above
- C. Performance assessment
- D. Benchmarking
Answer: D
NEW QUESTION 57
The costs of logistics services should be determined; these costs plus an added value or markup becomes the:
- A. Productivity cost
- B. Professional supply cost
- C. Operational price
- D. Transfer price
Answer: D
NEW QUESTION 58
The process which begins by understanding the product such as its value, its physical characteristics such as length, height, width, and weight and its fragility is called:
- A. Packaging optimization
- B. Process Throughput
- C. Product optimization
- D. Flood flow gain
Answer: A
NEW QUESTION 59
A form of network diagram that graphically portray the sequential relationships and interdependence between the project tasks is called:
- A. Steps Forward Method
- B. Evolutionary Method
- C. Critical Path Method
- D. Development Method
Answer: C
NEW QUESTION 60
That fact that minor changes in customer demand can become exaggerated as that demand is communicated up that supply chain is referred to as:
- A. amplification effect
- B. inflation effect
- C. bullwhip effect
- D. embellished effect
Answer: C
NEW QUESTION 61
A one-way system with incoming goods flowing to the left of the entry and into one of the three storage areas, depending on usage is the:
- A. Inverted T warehouse
- B. Through-flow warehouse
- C. Inverted U warehouse
- D. Cross-flow warehouse
Answer: D
NEW QUESTION 62
A relatively small amount of the population controlled the majority of the wealth, this is known as:
- A. Controlled analysis
- B. Ratio analysis
- C. Statistical analysis
- D. Pareto analysis
Answer: D
NEW QUESTION 63
A professional tool that organizations use to measure, investigate and control price and cost changes within their own organizations as:
- A. None of the above
- B. Supply professionalism
- C. Panel trading
- D. Custom indexing
Answer: D
NEW QUESTION 64
An intermediary who brings the buyer and the seller together is the:
- A. Dealer
- B. public surplus
- C. Broker
- D. their-party specialist
Answer: C
NEW QUESTION 65
What defines work scope, sets the expectations and defines the relationship between the organization and the service provider?
- A. Technology agreements
- B. Process level agreements
- C. Counterfeit analysis agreements
- D. Service level agreement
Answer: D
NEW QUESTION 66
The implementation of a measurement-based strategy aimed at reducing variances and improving processes is the objective of:
- A. Performance specification
- B. Performance life cycle
- C. Quality model
- D. Six sigma
Answer: D
NEW QUESTION 67
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