How Well Do You Understand Pharmaceutical Supply Chain Management?

2.

What is meant by the term "category management?"

Planning similar items onto the same production line
Management of procurement for a defined category of products or materials
Grouping shipments together to minimize transport costs and delays
A process to allocate customer orders to products
None of the above

Correct Answer

A. Management of procurement for a defined category of products or materials

Explanation

Category management refers to the practice of managing the procurement process for a specific category of products or materials. This involves strategically organizing and overseeing the sourcing, purchasing, and inventory management of items within a particular category. By focusing on a defined category, businesses can optimize their procurement activities, negotiate better deals with suppliers, and ensure the availability of the right products at the right time. This approach helps streamline operations, improve cost-efficiency, and enhance overall supply chain performance.

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3.

Which of the following should be managed when using a make-to-order planning policy?

Production schedule adherence
Capacity
Customer service levels
Lead time
Stock turns
A, c, and e
B and d

Correct Answer

A. B and d

Explanation

When using a make-to-order planning policy, the aspects that should be managed are lead time and capacity. Lead time refers to the time it takes to fulfill a customer's order, which is crucial in a make-to-order system where products are not pre-made. Capacity management is important to ensure that the production process can meet the demand and deliver the orders on time. Therefore, option b and d (lead time and capacity) are the correct choices for managing when using a make-to-order planning policy.

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4.

Who devised the theory of constraints?

W. Edwards Deming
J.M. Juran
Eli Goldratt
Oliver Wight
F.W. Taylor

Correct Answer

A. Eli Goldratt

Explanation

Eli Goldratt devised the theory of constraints. He was an Israeli physicist, philosopher, and management consultant. Goldratt developed the theory of constraints as a methodology to improve organizations' performance by identifying and managing the constraints that limit their productivity. His book "The Goal" introduced the theory of constraints to a wider audience and became a seminal work in the field of operations management. Goldratt's theory emphasizes the importance of identifying and addressing bottlenecks in the production process to optimize overall performance.

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5.

What are integrators?

Third-party logistics providers owning the assets involved in transportation (e.g. aircraft) and storage
Companies that consolidate shipments into manageable loads
Contract manufacturers offering a one-stop shop
Consultants specializing in systems integration
Brokers of transport services

Correct Answer

A. Third-party logistics providers owning the assets involved in transportation (e.g. aircraft) and storage

Explanation

Integrators are third-party logistics providers who own the assets involved in transportation and storage. This means that they have their own fleet of vehicles, including aircraft, and warehouses for storing goods. They offer comprehensive logistics services to their clients, handling the entire supply chain process from transportation to warehousing. By owning their own assets, integrators have more control over the logistics process and can provide efficient and reliable services to their customers.

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6.

You discover a sudden shortage of a key material. What should you do first?

Report to regulators
Re-evaluate sourcing strategy and inventory policy
Tell senior management
Phone a friend
All of the above

Correct Answer

A. Re-evaluate sourcing strategy and inventory policy

Explanation

When faced with a sudden shortage of a key material, the first step should be to re-evaluate the sourcing strategy and inventory policy. This is important because it allows for a thorough examination of the current processes and procedures in place for acquiring and managing inventory. By doing so, it becomes possible to identify any potential weaknesses or inefficiencies that may have contributed to the shortage. Once this evaluation is complete, appropriate adjustments and improvements can be made to ensure a more reliable and efficient supply chain. Reporting to regulators and informing senior management may be necessary steps to take, but they should come after re-evaluating the sourcing strategy and inventory policy.

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7.

Incoterms 2010 are used in trading agreements to

Allocate responsibility for cost, risk and ownership between buyer and seller
Specify delivery terms and conditions
Fix the price and delivery of a shipment at an agreement date
Determine allocation of risk and cost between buyer and seller
None of the above

Correct Answer

A. Determine allocation of risk and cost between buyer and seller

Explanation

Incoterms 2010 are a set of internationally recognized rules that define the responsibilities of buyers and sellers in international trade. They determine the allocation of risk and cost between the buyer and seller by specifying who is responsible for various aspects of the shipment, such as transportation, insurance, and customs clearance. By using Incoterms 2010, both parties can have a clear understanding of their obligations and avoid any misunderstandings or disputes.

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8.

The EU Falsified Medicines Directive dictates which of the following:

Extending regulation to brokers of medicines
Strengthened obligations on wholesale dealers
Requiring safety features for medicines at risk of being counterfeited
Improving controls on quality of active ingredients and certain excipients
That manufacturers determine the origin and integrity of the upstream supply chain
All of the above

Correct Answer

A. All of the above

Explanation

The EU Falsified Medicines Directive encompasses all of the mentioned regulations and requirements. It extends regulation to brokers of medicines, strengthens obligations on wholesale dealers, requires safety features for medicines at risk of being counterfeited, improves controls on the quality of active ingredients and certain excipients, and mandates that manufacturers determine the origin and integrity of the upstream supply chain.

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How Well Do You Understand Pharmaceutical Supply Chain Management?

What does the term "sales and operations planning" (S&OP) represent?

Quiz Preview

What is meant by the term "category management?"

Which of the following should be managed when using a make-to-order planning policy?

Who devised the theory of constraints?

What are integrators?

You discover a sudden shortage of a key material. What should you do first?

Incoterms 2010 are used in trading agreements to

The EU Falsified Medicines Directive dictates which of the following: