Supply Chain Management

A business' supply chain includes __________________

• all companies involved in the upstream flow

• all companies involved in the downstream flow

• all processes from raw materials to consumption

• All of the Above

Which of the following correctly describes a flow within the supply chain?

• The material flow usually moves upstream

• The flow of cash is predominantly downstream

• Exchange of information moves in both directions

• All of the above

The purpose of supply chain management is to...

• Meet customer demands

• Improve quality of a product

• Increase profitability

• Increase production

Which of the following is NOT one of the 4 Rs of supply chain management?

• Resilience

• Relationships

• Robustness

• Responsiveness

Which of the following statements is true of LEAN supply?

• Lean supply focuses on advanced statistical methods

• Lean supply focuses on quick reaction to changes in demand

• Lean supply focuses on reducing waste

• All of the above

Which of the following is true of AGILE supply

• Agile supply prioritises cost reduction

• Agile supply prioritises adaptability

• Agile supply is best for predictable market demand

• Agile supply is best for commodity products

How long does it take Zara to design, manufacture and distribute a new product item?

• 5 days

• 25 days

• 45 days

• 65 days

Which of the following is not part of the triple bottom line?

• People

• Products

• Profit

• Planet

What is radical transparency?

• Complying with the demands of environmental pressure groups

• Analysing the environmental footprint of your products

• Subcontracting production to other companies to hide supply chain practices

• Openly sharing supply chain information with customers

How much water is consumed in the lifecycle of one pair of Levi's 501s?

• 37 litres

• 371 litres

• 1, 378 litres

• 3,781 litres