Supply Chain Quiz Questions and Answers
Warehousing creates __ utility
(a) Product utility
(b) Place utility
(c) Time utility
(d) Customer utility
Which of the following is not a typical supply chain member?
(a) reseller
(b) wholesaler
(c) retailer’s creditor
(d) producer
In Hau Lee’s uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following?
(a) Efficient
(b) Forward looking
(c) Agile
(d) Risk hedging
The strategy of using as many out lets as possible is called
(a) Intensive distribution
(b) Cohesive distribution
(c) Wide distribution
(d) All of these
The fundamental objective of supply chain management is __
(a) supply goods
(b) create goods
(c) add value
(d) identify supplier
Which of the following is not an organizationally driven reason for outsourcing in SCM?
(a) Improve effectiveness by focusing on what the firm does best.
(b) Improve flexibility to meet changing demand for products and services.
(c) Increase product and service value by improving response to customer needs.
(d) Improve credibility and image by associating with superior providers
Related: Marketing and Branding quiz
__ process in the supply chain includes all activities necessary for managing the product flow through the manufacturing facilities and for obtaining, implementing and managing flexibility.
(a) Manufacturing flow management
(b) Customer relationship management
(c) Customer service management
(d) Demand management
Exhaustive industries also known as
(a) Genetic industry
(b) Primary Industry
(c) Extractive Industry
(d) Manufacturing Industry
Supply chain is also referred as __
(a) supply force
(b) chain of manufacturing centre
(c) logistic network
(d) warehouse network
Which of the following is an improvement-driven reason for outsourcing in SCM ?
(a) Shorten cycle time.
(b) Improve effectiveness by focusing on what the firm does best.
(c) Increase product and service value by improving response to customer needs.
(d) Turn fixed costs into variable costs
__ is the process in the supply chain that defines how a company interacts with its suppliers.
(a) customer relationship management
(b) demand management
(c) supplier relationship management
(d) manufacturing flow management
The major four elements of distribution mix are channels of distribution, transportation, Warehousing, and __
(a) Inventory
(b) Channel
(c) Direct marketing
(d) None of these
Which of the following reasons accounts for the importance of supply chain Management?
(a) Increasing competitive pressures
(b) Decreasing globalization
(c) Decreasing levels of outsourcing
(d) Increasing transportation costs
Time to market is a critical objective of __ process in the supply chain.
(a) product development and commercialization
(b) demand management
(c) manufacturing flow management
(d) order fulfillment
Warehouse used for keeping imported goods not cleared by custom authorities is known as
(a) Special commodity warehouse
(b) Bonded warehouse
(c) Institutional warehouse
(d) Public warehouse
When suppliers, distributors, and customers partner with each other to improve performance of the entire system, they are participating in a __
(a) supply and demand chain
(b) supply chain
(c) channel of distribution
(d) value delivery network
In outsourcing as part of SCM, which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?
(a) Activities involving people
(b) Activities involving facilities
(c) Activities involving equipment
(d) Activities involving shareholders
Effective management of the __ process in supply chain enables the firm to identify productivity improvement opportunities and breakthrough projects.
(a) product development and commercialization
(b) demand management
(c) manufacturing flow management
(d) returns management
__ means the set of marketing intermediaries through which the goods flow from the producer to consumer.
(a) Channel of distribution
(b) Direct marketing
(c) Intensive distribution
(d) None of these
The Global Supply Chain Form identified __ key processes that make up the core of supply chain management.
(a) Five
(b) Six
(c) Seven
(d) Eight
Sorting and grading of goods is considered as the function of
(a) Wholesalers
(b) Retailers
(c) Managers
(d) None of these
A supply chain is made up of a series of processes that involve an input, a ___, and an output.
(a) shipment
(b) supplier
(c) customer
(d) transformation
The cost of participating in a public exchange is significantly __ than implementing out own SCM systems
(a) Higher
(b) Lower
(c) Medium
(d) None
Which of the following is not a part of the Supply chain Management system?
(a) Supplier
(b) Manufacturer
(c) Information Flow
(d) Competitor
Which one of the following is a condition for a successful supply chain?
(a) A large number of suppliers
(b) Many short-term contracts
(c) Trust among trading partners
(d) Continuous competitive bidding
Generally supply is
(a) more elastic in the long run than in the short run
(b) more elastic in the short run than in the long run
(c) more elastic for a firm in the industry
(d) more elastic, lower the input prices
Which of the following is NOT a benefit of supply chain management?
(a) Less variety
(b) Greater agility
(c) Lower inventory
(d) Higher productivity
Historically, conventional channels have lacked the leadership to __
(a) assign channel member roles and attain efficiency
(b) attain efficiency and assign member roles
(c) set standard pricing and promotions
(d) assign member roles and manage conflict
Supply chain execution is the process of putting supply chain planning in to __
(a) Action
(b) Operation
(c) Maintenance
(d) control
In __ approach the supplier and not the retailer, is responsible for managing and replenishing inventory.
(a) JIT
(b) QRM
(c) VMI
(d) MRP
Which of the following is an organizationally driven reason for outsourcing in SCM:
(a) Improve effectiveness by focusing on what the firm does best.
(b) Turn fixed costs into variable costs.
(c) Reduce costs through lowered cost structure and increased flexibility.
(d) Improve risk management
Which of the following transportation modes is used for digital products?
(a) ship
(b) rail
(c) air
(d) the internet
The effect of the lack of synchronization among supply chain members is referred to as which of the following?
(a) Forward buying
(b) Continuous replenishment
(c) Bullwhip effect
(d) Metcalf’s law E. Being out of step
The procurement process in supply chain management renamed by Global Supply Chain Forum as __
(a) Demand management
(b) Manufacturing flow management
(c) Returns management
(d) Supplier relationship management
__ factor is not considered as an important one while selecting channel of distribution
(a) Product
(b) Market factor
(c) Color
(d) None of these
The returns process in supply chain management renamed by Global Supply Chain Forum as __
(a) Returns Management
(b) Supplier relationship management
(c) Order fulfillment
(d) Demand management
Components of SCM system includes
(a) SCM software and hardware
(b) Business processes
(c) Users
(d) All the above
The father of JIT
(a) Taylor
(b) Taiichi Ohno
(c) James Morehouse
(d) Drucker
In Hau Lee’s uncertainty framework to classify supply chains, a supply chain for innovative products with a stable supply process is called which of the following?
(a) Efficient
(b) Forward looking
(c) Agile
(d) Responsive
The activities in the supply chain process reside inside a __ ,but an entire process will not be contained within one function.
(a) process
(b) activity
(c) functional silo
(d) objective
__ means moving of finished goods from one end of a producer to consumer.
(a) Exchange of goods
(b) Transfer of goods
(c) Physical distribution
(d) None of these
“3PL” involves using a supplier to provide _______ services.
(a) marketing
(b) design
(c) logistics
(d) contract manufacturing
Which aspects include in supply chain planning
(a) Demand forecasting
(b) Inventory simulation
(c) Manufacturing planning
(d) All the above
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__ is not a function of wholesaler
(a) Warehousing
(b) Transporting
(c) Risk bearing
(d) None of these
Companies manage their supply chains through __
(a) skilled operators
(b) information
(c) transportation modes
(d) the Internet
For high unit-value, low-turnover specialty goods, a manufacturer can __ its distribution channel
(a) Shorten & narrow
(b) Expand & extend
(c) Stretch & elongate
(d) all of the above
In the supply chain process __ is defined as “the act of buying all those activities necessary to acquire goods and services consistent with user requirements.
(a) collection
(b) buying
(c) procurement
(d) assembling
