Supply Chain Management -1

1. The purpose of supply chain management is…………….

• Provide customer satisfaction

• Improve quality of a product

• Integrating supply and demand management

• A. Increase production

Logistics is the part of supply chain involved with the forward and reverse flow of

• Goods

• Services

• Cash

• All of above

3. VMI stands for

• Vendor material inventory

• Vendor managed inventory

• Variable material inventory

• Valuable material inventory

The major decision areas in supply chain management are

• Planning, production ,distribution, inventory

• Location, production, scheduling ,inventory

• Location ,production ,inventory

• Location ,production, distribution, marketing

Reverse logistics is required because

• Goods are defective

• Goods are unsold

• The customer simply change their minds

• All of above

Which of the following is not a component of 4 PL?

• Control room

• Resource providers

• Information

• Recycling

6. Which of the following is not a part of supply chain management system?

• Supplier

• Information Flow

• Distributor

• competitor

Which of the following statements is true of LEAN?

• Lean principles focus on advanced statistical methods

• Lean principles are separate body of knowledge

• Lean principles have been developed over a lengthy period of time.

• Lean principles include reducing waste.

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

Just-in-time/SCM purchasing requires the following condition:

• Many suppliers

• Short-term contracts

• Cooperation between purchasing and suppliers

• Continuous competitive bidding