Supply Chain Management

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Fixed period systems never result in stock-outs between periods. F Supply chain success cannot be measured by summing profits at each individual stage. T Bottom Line Improvement is linked to the academic approach to supply chain management. F All stages (producers, suppliers, retailers, customers, etc.) may not be present in all supply chains.

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Sach17512th March, 2013Indian Institute of Management LucknowPGP I (Supply Chain Management)Sections F & GMake-up Quiz (CLOSED BOOK)Total Marks: 04Q1. Answer whether the following are True / False:(2 Marks)Fixed period systems never result in stock-outs between periods. F Supply chain success cannot be measured by summing profits at each individual stage. T Bottom Line Improvement is linked to the academic approach to supply chain management. F All stages (producers, suppliers, retailers, customers, etc.) may not be present in all supply chains. TTransportation mode selection is a strategic decision. TReducing cycle time increases inventory. FEin VED stands for essential. THolding costs do not include obsolescence. FThe replenishment cycle is initiated when a supermarket runs out of stock of a particular item. T Lead time is assumed zero in EOQ model. FIn

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