Supply Chain And Logistics Management Professional Competency Assessment Practice Tests

Question 1

A facility maintains a monthly consumption rate of $C = 500$ units. If the lead time $L$ is $3$ months and the safety stock $SS$ is $200$ units, calculate the reorder point $ROP$ using the formula $ROP = (C 	imes L) + SS$.

Accepted Answer

1700 units

Answer

1500 units

Answer

2000 units

Answer

1200 units

Question 2

An LMIS report shows an opening balance of $1000$ units, receipts of $500$ units, and an ending balance of $300$ units. Calculate the total consumption for the period.

Accepted Answer

1200

Question 3

If the total cost of a supply chain is defined by $TC = P + H + T$, where $P$ is procurement cost, $H$ is holding cost, and $T$ is transportation cost, and you reduce $T$ by $20\%$ while $P$ and $H$ remain constant, what is the new total cost if $P=1000$, $H=500$, and $T=200$?

Accepted Answer

1660

Answer

1680

Answer

1700

Answer

1640

Question 4

In a pull-based supply chain system, the production and distribution are triggered by actual customer demand rather than forecasted demand.

Accepted Answer

True

Answer

False

Question 5

Which of the following data points are essential for calculating the Average Monthly Consumption (AMC) over a $n$-month period?

Answer

Total quantity consumed over n months

Answer

Number of months in the period (n)

Answer

Current stock on hand

Answer

Vendor lead time

Question 6

A logistics manager determines that the lead time $L$ is $2$ weeks and the average weekly demand $D$ is $150$ units. Calculate the pipeline stock required to cover the lead time.

Accepted Answer

300

Question 7

A warehouse starts with an initial balance of $B_0 = 500$ units. During the week, the following transactions occur: 150 units received, 80 units issued, and 20 units returned by a customer. Calculate the final balance $B_f$ on the bin card.

Accepted Answer

550 units

Answer

590 units

Answer

610 units

Answer

430 units

Question 8

A facility has a reorder level defined by the formula $R = (d 	imes L) + SS$, where $d$ is average daily consumption, $L$ is lead time in days, and $SS$ is safety stock. If $d = 25$ units/day, $L = 10$ days, and $SS = 100$ units, calculate the reorder level $R$.

Accepted Answer

350 units

Question 9

If a bin card shows a maximum stock level of $M = 2000$ units and the current balance is $B = 450$ units with an incoming shipment of $Q = 1600$ units, determine the excess quantity $E$ that exceeds the maximum capacity.

Accepted Answer

Option A

Answer

Option B

Answer

Option C

Answer

Option D

Question 10

In a perpetual inventory system, the bin card balance must always equal the physical count of stock on hand, assuming no pilferage or damage occurs.

Accepted Answer

True

Answer

False

Question 11

Which of the following documents are essential for maintaining accurate audit trails in inventory management?

Answer

Waybills

Answer

Prescription Registers

Answer

Bin Cards

Answer

Employee Attendance Logs

Question 12

A pharmacy dispenses an average of $A = 12$ units per day. Over a period of $T = 30$ days, the total consumption $C$ recorded in the prescription register is 340 units. Calculate the variance $V$ between expected and actual consumption.

Accepted Answer

20 units

Question 13

A waybill records the transfer of 500 units from Point A to Point B. If the transit loss rate is defined as $L = \frac{	ext{Quantity Sent} - 	ext{Quantity Received}}{	ext{Quantity Sent}}$, and 485 units were received, calculate the loss rate $L$.

Accepted Answer

Option A

Answer

Option B

Answer

Option C

Answer

Option D

Question 14

A facility starts the month with $S_{begin} = 450$ units of a vaccine. During the month, they receive $R = 200$ units. If the physical count at the end of the month is $S_{end} = 150$ units, calculate the monthly consumption $C$ using the formula $C = (S_{begin} + R) - S_{end}$.

Accepted Answer

500

Question 15

A warehouse manager is organizing stock using the FEFO principle. If Batch A expires in 6 months, Batch B in 12 months, and Batch C in 3 months, which batch should be prioritized for distribution?

Accepted Answer

Option A

Answer

Option B

Answer

Option C

Answer

Option D

Question 16

Which of the following observations during a visual inspection indicate chemical degradation of pharmaceutical products?

Accepted Answer

Option A

Answer

Option B

Answer

Option C

Answer

Option D

Question 17

In the procurement cycle, the 'Right Price' principle implies selecting the lowest possible bid regardless of the quality specifications or delivery timeline.

Accepted Answer

False

Answer

True

Question 18

If a facility's average monthly consumption is $M = 120$ units and the current stock on hand is $H = 360$ units, calculate the months of stock remaining $T$ using the formula $T = \frac{H}{M}$.

Accepted Answer

3

Question 19

A nurse at a local health facility identifies a discrepancy between the bin card and the physical count. According to standard inventory procedures, what is the immediate next step after documenting the difference?

Accepted Answer

Option A

Answer

Option B

Answer

Option C

Answer

Option D

Question 20

In the logistics chain, which role is primarily responsible for signing waybills and monitoring cold chain integrity at the facility level?

Accepted Answer

Option A

Answer

Option B

Answer

Option C

Answer

Option D

Supply Chain And Logistics Management Professional Competency Assessment Practice Tests

Practice Tests

Supply Chain and Logistics Management Professional Competency Assessment

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