Supply Chain Management SCM

1.

What is the primary goal of demand-driven replenishment in SCM?

Reducing production costs

Minimizing lead time

Maximizing order quantities

Aligning inventory levels with actual demand

2.

What role does the concept of "reverse logistics" play in supply chain management?

Managing the return and recycling of products

Maximizing the flow of goods from suppliers to consumers

Minimizing transportation costs

Streamlining the order fulfillment process

3.

Which term refers to the process of moving products from the manufacturer to the end consumer?

Production

Distribution

Procurement

Warehousing

4.

What does the term "cross-docking" refer to in logistics? A) B) C)

Keeping inventory in storage for an extended period

Transferring goods directly from inbound to outbound transportation with minimal handling

Reducing lead times through air transportation

Merging shipments from multiple suppliers into a single shipment

5.

Which type of inventory refers to products that are in the process of being manufactured or assembled?

Raw materials

Work-in-progress(WIP)

Finished goods

Safety stock

6.

Which of the following is a key performance indicator (KPI) for measuring supply chain efficiency?

Return on investment (ROI)

Customer satisfaction score

Employee turnover rate

On-time delivery performance

7.

What is the primary purpose of demand forecasting in SCM?

Optimizing inventory turnover

Minimizing transportation costs

Reducing lead time

Aligning production with customer demand

8.

What does SCM stand for?

Systematic Coordination Model

Supply Chain Management

Sales and Customer Management

Supply Chain Marketing

9.

What is the primary purpose of a risk management plan in supply chain management?

Identifying and mitigating potential disruptions

Minimizing collaboration with suppliers

Eliminating all potential risks

Increasing overall costs

10.

In the context of supply chain risk management, what is the primary purpose of a Business Continuity Plan (BCP)?

Increasing reliance on single-source suppliers

Eliminating all supply chain risks

Identifying potential disruptions

Responding to and recovering from disruptions

11.

Which of the following is a key objective of effective supply chain management?

Isolating departments for independent decision-making

Minimizing overall supply chain costs

Maximizing customer satisfaction

Maximizing individual department performance

12.

What is the purpose of a Supplier Relationship Management (SRM) system?

Managing relationships with end customers

Controlling internal processes

Analyzing market trends

Enhancing collaboration with suppliers

13.

Which inventory management strategy aims to minimize holding costs by ordering only when needed?

Just-In-Time(JIT)

Reorder Point (ROP)

Economic Order Quantity (EOQ)

Safety Stock

14.

What is the purpose of a freight audit in logistics?

Managing supplier relationships

Evaluating the environmental impact of shipping

Verifying and reconciling freight bills for accuracy

Assessing the speed of transportation

15.

Which technology is commonly used for real-time tracking of goods in the supply chain?

Barcode scanners

Radio-Frequency Identification(RFID)

GPS tracking

Blockchain

16.

Which of the following is a critical aspect of ethical sourcing in supply chain management?

Ensuring fair labor practices

Minimizing collaboration with suppliers

Maximizing profits at all costs

Ignoring environmental regulations

17.

Which logistics activity involves the storage and management of goods within a facility?

Distribution

Transportation

Warehousing

Procurement

18.

What is the "bullwhip effect" in supply chain management?

The distortion of information as it moves through the supply chain

Efficient coordination between suppliers and manufacturers

The gradual depletion of inventory

A sudden increase in demand at the retail level

19.

Which of the following is a key benefit of implementing Vendor-Managed Inventory (VMI) in supply chain management?

Reduced inventory holding costs

Lower supplier collaboration

Limited visibility into supplier operations

Increased order lead times

20.

What does the term "lead time" refer to in supply chain management?

The time it takes for a product to reach the end consumer

The time it takes for an order to be fulfilled from start to finish

The time it takes to manufacture a product

The time it takes for a customer to place an order

Tetra Pillars

Supply Chain Management SCM

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