CIOP Module-1 Learning Outcome Questions

  1. Define economy.
  2. Name the sectors of an economy.
  3. Describe Primary, Secondary and Tertiary sectors with examples.
  4. How these sectors and supply chain are connected?
  5. What is value and how value is added by these sectors?
  6. All product supply chains originate from primary sector. Understand this assertion with a case study on cookies.
  7. What is GDP and how it is measured?
  8. GDP values and comparison of countries. Examples from developed, developing and underdeveloped economies.
  9. Global GDP and World Bank data.
  10. End-to-end supply chain flows through all the three sectors.
  11. Define business environment.
  12. List the elements of business environment.
  13. How to learn the business environment for a given industry?
  14. Supply chain definition.
  15. Evolution of the term supply chain.
  16. Relationship between supply chain and inventory.
  17. What is Termiknowledge?
  18. Need to master terminologies.
  19. Define stakeholders.
  20. Internal vs. external stakeholders.
  21. List of stakeholders in supply chain.
  22. What is stakeholder analysis?
  23. Name the techniques for stakeholder analysis.
  24. What is pressure on supply chain?
  25. List the factors responsible for pressure on supply chain.
  26. What are all the best practices to measure, monitor and manage pressure on supply chain?
  27. Define inventory.
  28. Name the types of inventory.
  29. Name the functions of inventory.
  30. Name the natures of demand.
  31. Understand that all inventories exists in all the three dimensions. Discuss with an example.
  32. History of supply chain.
  33. Factors responsible for the growth and modernisation of supply chain
  34. Define process.
  35. Key benefits of process-centric approach.
  36. Why understanding a process is important?
  37. What is a process boundary?
  38. Why a process should deliver value?
  39. List the 20 key supply chain processes and describe them.
  40. Explain the 20 processes for an automotive OEM.
  41. Describe SIPOC diagram.
  42. What is specification?
  43. Define conformance specification.
  44. Define performance specification.
  45. Give examples of conformance specification.
  46. Give examples of performance specification.
  47. Factors that determine you to choose conformance specification.
  48. Factors that determine you to choose performance specification.
  49. List the key departments involved in supply chain.
  50. Objectives of individual departments.
  51. Describe the conflict between these departments.
  52. What is an objective?
  53. Explain SMART objectives.
  54. List the key supply chain objectives.
  55. Define manufacturing strategy.
  56. Explain manufacturing lead time and customer lead time.
  57. Discuss each strategy with prominent examples.
  58. Why low customer lead time strategies are costly within a given industry? Explain with a food products company.
  59. How these manufacturing strategies impact what is being forecasted in an organisation? Give examples.
  60. Objectives of MPC.
  61. Draw the MPC framework.
  62. Explain the elements of MPC.
  63. Define KPIs and metrics.
  64. List the key supply chain metrics.
  65. Why supply chain metrics are important for an organisation?
  66. What are financial statements?
  67. Who are all the stakeholders involved in the preparation of financial statements?
  68. Write accounting equation.
  69. List the three financial statements.
  70. Explain the elements of balance sheet.
  71. Explain the components of income statement.
  72. Explain the cash-flow statement.
  73. Why should a supply chain professional master the financial statements?
  74. Write accounting equation.
  75. List the three financial statements.
  76. Explain the elements of balance sheet.
  77. Explain the components of income statement.
  78. Explain the cash-flow statement.
  79. Why should a supply chain professional master the financial statements?
  80. Name the three entities in a basic model of supply chain.
  81. Name the four flows.
  82. Differentiate between a supplier and a vendor.
  83. Differentiate between customers and consumers.
  84. Explain the characteristics of product flow and give examples.
  85. Explain the characteristics of cash flow and give examples.
  86. Explain the characteristics of information flow and give examples.
  87. Explain the characteristics of reverse product flow and give examples.
  88. Why reverse product flow exists?
  89. What is the impact of reverse product flow on the profitability of an organisation?
  90. What are all the factors that forces a company to have the reverse product flow?
  91. Why most of the companies have a separate supply chain for reverse product flow?
  92. Give some examples where the forward and reverse product flows are served by the same supply chain.
  93. List the three levels of supply chain.
  94. Describe end-to-end supply chain.
  95. Describe extended supply chain.
  96. Describe internal supply chain.
  97. Which level indicates the highest level of maturity and why?
  98. Differentiate physical supply vs. physical distribution.
  99. Key activities in physical supply.
  100. List out the risks on the physical supply side.
  101. Key activities in physical distribution.
  102. List out the risks on the physical distribution side..
  103. What is EIP?
  104. Define documentation pyramid.
  105. Benefits of an Enterprise Inventory Policy.
  106. Who is the custodian of an organisation’s EIP?
  107. Elements of a good EIP.

Please follow the below guidelines to have a better understanding of the Learning Outcome Questions.
1. Please refer your class notes.
2. Please refer the class presentations.
3. Please go through the appropriate Supply Chain or Procurement reference books given in this link. The list of books may be exhaustive, so take advantage of college or university or Government libraries.

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