Supply Chain Management - Pre-Quiz
Supply Chain Management Quiz
Test your knowledge of supply chain management concepts with our comprehensive quiz! Designed for both beginners and experts, the quiz covers essential topics such as procurement, logistics, and inventory management.
What you'll learn:
- Key components of supply chains
- Best practices in logistics
- Strategies for effective inventory management
A supply chain can best be described as:
One or two functions working together
Negotiating with suppliers
A network of many individual functions
Choosing the best warehouse strategy
Which of the following is not a key component of supply chain management?
Procurement
Production
Distribution
Marketing
To support the sales forecast, the demand plan defines the needed:
Customer
Inventory and resources
Suppliers
Transportation routes
Purchase orders are placed with suppliers by:
Warehousing
Procurement
Customers
Inventory Management
What is the term used to describe the movement of goods from one location to another within a supply chain?
Transportation
Warehousing
Inventory management
Order fulfillment
What is the name for the software systems that help manage inventory levels and track orders throughout the supply chain?
Enterprise resource planning (ERP)
Customer relationship management (CRM)
Human resources information system (HRIS)
Business intelligence (BI)
What is the term used to describe the practice of holding excess inventory as a buffer against uncertainty in demand or supply?
Safety stock
Reorder point
Economic order quantity (EOQ)
Lead time
What is the name for the process of identifying and selecting suppliers to provide goods and services to an organization?
Sourcing
Negotiation
Contracting
Purchasing
Which task is normally not performed by warehousing personnel?
Unloading incoming items from trucks
Processing inventory within the warehouse
Inspecting incoming items
Paying suppliers
Reduction of inventory is necessary to:
Decrease risks of stock-outs
Decrease competitiveness
Reduce operating costs
Justify additional suppliers
One focus of the manufacturing process is to ensure that:
Delivery trucks are properly routed
Suppliers ship materials on time
Annual forecasts are completed on time
Product quality is achieved
Reverse logistics could be a result of:
Manufacturing products with defects
Choosing an expensive shipper
Poor forecasting
Inadequate staffing
The business of transportation is best defined by which of the following:
Choice of the least expensive mode
Poor forecasting
Partners and facilities separated geographically in a supply chain
The use of planes as the preferred mode
Define the role of customer service with logistics and transportation
Always demand the quickest mode without regard for cost
Customer service does not have a role in logistics and transportation
Use intermodal transportation for most shipments
To get products where they belong, on time
Supply Chain Management can be described as a(n):
Comprehensive approach to the management of the entire flow of individual fun
Method to increase sales and market share
Process to create adversarial relationships with suppliers
Innovative process for choosing carrier modes
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