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KPIs in Supply Chain Management Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of the following is a costing method that assumes inventory items are sold in the order in which they are acquired?

Question 2 2. Which costing method assumes that the most recent inventory items purchased are the first ones to be sold, and inventory items purchased first are sold last?

Question 3 3. Sam sells his inventory from a booth. He grabs whichever item he can and, at the end of the month, has sold everything. Which costing method would Sam use?

Question 4 4. Why is inventory valuation used?

Question 5 5. Which of the following is a costing method that is used to tract and cost specific and identifiable inventory items that are either in or out of stock?

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Question 6 6. Which of the following is NOT one of the supply chain four key performance indicators?

Question 7 7. A customer orders 50 items, but only 30 items (60% of the total order) can be shipped from a company's inventory. Which KPI does this scenario represent?

Question 8 8.

Four metrics are being analyzed:

  1. Order entry accuracy - 90%
  2. On time delivery - 90%
  3. Accurate invoicing - 98%
  4. On time shipping - 98%

What is the value of the perfect order metric?

Question 9 9. A _____ is a path of all the organizations involved in a product's design, production, and delivery to a customer.

Question 10 10. When analyzing storage space utilization, what is considered the ideal range?

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Question 11 11. How long it takes to manufacture a single unit is called:

Question 12 12. On-time rate is best calculated by dividing the number of on-time _____ by the number of total orders shipped.

Question 13 13. Which key indicator results in a figure that represents the number of days' worth of product available?

Question 14 14. Which key indicator tells a business owner how efficient a factory is with regards to money?

Question 15 15. Which key indicator tells a business owner if their warehouse is too big?

KPIs in Supply Chain Management Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next question. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. You will lose your work if you close or refresh this page. Good luck!

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