Q. JIT stands for which of the following?
✅ Correct Answer: (A)
Just In Time
Enterprise Systems MCQs and Notes
Q. Which one of the following is a condition for a successful supply chain?
✅ Correct Answer: (C)
Trust among trading partners
Q. In which of the following systems an item’s inventory is stored at two different locations?
✅ Correct Answer: (C)
Two bin system
Q. Which one of the following mathematical expressions can be employed to compute annual carrying cost?
✅ Correct Answer: (C)
(Q÷2)H
Q. Which of the following is the cost of carrying an item in inventory for a specific period of time?
✅ Correct Answer: (B)
Holding cost
Q. Which of the following mathematical expressions can be employed to compute inventory cost?
✅ Correct Answer: (A)
Carrying cost per unit + average inventory cost
Q. What would be the total cost of inventory, if a firm holds 200 units of a product ‘A’,where the carrying cost is Rs. 2 per unit?
✅ Correct Answer: (D)
Rs. 400
Q. . Which of the following is NOT a benefit of supply chain management?
✅ Correct Answer: (D)
Higher productivity
Q. Which of the following reasons accounts for the importance of supply chain Management?
✅ Correct Answer: (D)
Increasingtransportation costs
Q. Big JIT includes all of the following EXCEPT:
✅ Correct Answer: (C)
Human relations