Supply Chain Quiz 1 14-Nov-21
Supply Chain Management Quiz
Test your knowledge on supply chain management with our comprehensive quiz! Designed for both students and professionals, this quiz will challenge your understanding of key concepts related to supply chain efficiency, agility, and adaptability.
- 10 engaging questions
- Multiple choice format
- Instant feedback on your answers
What has helped companies to eliminate intermediaries and sell directly to the end consumer
SCM
Internet
Competition
Global sourcing
In 3A-SC, according to the author, what are the three qualities of top performing supply chains
Agility, Adoptability, Aligned
Agility, Adaptability, Advanced
Affordable, Availability, Authentic
Agility, Adaptability, Aligned
As per 3A-SC, what does Agility signify
Respond to short-term changes in demand or supply quickly; handle external disruptions smoothly
Meet structural shifts in markets; modify supply network to strategies, products, and technologies
Create incentives for better performance and complimentary objectives
Create a fit for purpose supply chain aligned to customer demand
As per 3A-SC, what does Adaptability signify
Respond to short-term changes in demand or supply quickly; handle external disruptions smoothly
Meet structural shifts in markets; modify supply network to strategies, products, and technologies
Create incentives for better performance and complimentary objectives
Create a fit for purpose supply chain aligned to customer demand
As per 3A-SC, what does Alignment signify
Respond to short-term changes in demand or supply quickly; handle external disruptions smoothly
Meet structural shifts in markets; modify supply network to strategies, products, and technologies
Create incentives for better performance and complimentary objectives
Create a fit for purpose supply chain aligned to customer demand
The purpose of supply chain management is to
Increase the production level
Manage and integrate supply and demand management
Enhance the quality of a product and services
Increase share price
A firm can vary supply of product by controlling
Revenue
Pricing
Demand
Capacity
A firm can influence demand for a product by changing
Revenue
Pricing
Inventory
Capacity
Key objective of a supply chain transformation program is to
Achieve significant cost reduction
Drive customer loyalty
Drive profitable growth
Achieve supply chain excellence
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