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- 1. Multiple Choice
1. The purpose of supply chain management is…………….
Provide customer satisfaction
Improve quality of a product
Integrating supply and demand management
A. Increase production
- 2. Multiple Choice
Logistics is the part of supply chain involved with the forward and reverse flow of
Goods
Services
Cash
All of above
- 3. Multiple Choice
3. VMI stands for
Vendor material inventory
Vendor managed inventory
Variable material inventory
Valuable material inventory
- 4. Multiple Choice
Reverse logistics is required because
Goods are defective
Goods are unsold
The customer simply change their minds
All of above
- 5. Multiple Choice
6. Which of the following is not a part of supply chain management system?
Supplier
Information Flow
Distributor
competitor
- 6. Multiple Choice
Which of the following is NOT a factor affecting the supply chain?
Reduced number of suppliers
Increased competition
Longer product life cycles
Increased opportunities to strategically use technology
- 7. Multiple Choice
When suppliers, distributors, and customers collaborate with each other to improve the performance of the entire system, they are participating in
Channel of distribution
Value delivery network
Supply chain
Supply and demand chain
- 8. Multiple Choice
Which of the following is not an area of responsibility for a logistics manager?
Inventory
Purchasing
Marketing
Transporting
- 9. Multiple Choice
A supply chain is made up of a series of processes that involve an input, a _______, and an output.
Shipment
Supplier
Customer
Transformation
- 10. Multiple Choice
The bullwhip effect:
Is an ineffective way to motivate warehouse employees
Applies to rodeos and has nothing to do with supply chain management
Refers to the “swaying” motion associated with triple trailers
Refers to variability in demand orders among supply chain participants.
- 11. Multiple Choice
Which of the following is NOT a reason that companies are depending more on their suppliers?
More focus on core competencies
Need for more flexibilities
More control over their suppliers
Desire to share risks
- 12. Multiple Choice
The terms purchasing and procurement should not be seen as synonymous. As such, which of the following statements do you think has greatest validity?
Purchasing has a broader meaning than procurement
Procurement has a broader meaning than purchasing
Procurement is broadly equivalent to purchasing
None of the above
- 13. Multiple Choice
E-procurement aims to improve performance of what is known as the 'five rights of purchasing'. One aim of e-procurement is increasing savings by sourcing items:
At the right price
Of the right quantity
Of the right quality
From the right source
- 14. Multiple Choice
Production related procurement refers to the purchasing of:
Information systems
Office supplies
Raw materials
Furniture
- 15. Multiple Choice
Reverse logistics is an activity that ensures _____________.
Productivity
Quick response
Reuse and recycling of products
Quality standards
- 16. Multiple Choice
An expert in buying goods and services for a business is a
receiving
purchaser
shipment
supplier
- 17. Multiple Choice
A purchase order is a
Form used for submitting orders to a supplier.
Counting every item in storage by hand.
A place where the supplies are unloaded, usually near where they will be stored.
Business from whom supplies are purchased.
- 18. Multiple Choice
The process of making items available to employees; a synonym for issuing.
specification
storage
requisitioning
physical inventory
- 19. Multiple Choice
Which of the following tasks are performed by the receiving department?
Managing the bidding process and documentation of products.
Buying supplies, checking deliveries, and counting items in inventory.
Delivery of products, checking of products, and documentation.
Developing specifications, determining quality and quantity, selecting suppliers, and ordering.
- 20. Multiple Choice
................... tends to focus on purchasing and procurement, production planning, demand management, from point of origin to point of consumption
Operations Management
Logistics Management
Supply chain Management
Materials Management
- 21. Multiple Choice
Benefits of effective supply chain management
Higher profits
greater customer loyalty
shorter lead times
Quality processes
high inventories
- 22. Multiple Choice
Supply Chain is also referred to as Value Chains
True
False
- 23. Multiple Choice
An element of the supply chain management wherein the main concern is the evaluation of suppliers, purchase of goods and services
Suppliers
Logistics
Purchasing
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