Supply Chain Management - Quiz

Which of the following is true for supply chain management?

• The physical material moves in the direction of the end of chain

• Flow of cash backwards through the chain

• Exchange of information moves in both the direction

• All of the above

The sequence of a typical manufacturing supply chain is

• Storage–Supplier–manufacturing–storage–distributor–retailer–customer

• Supplier–Storage-manufacturing–storage–distributor–retailer–customer

• Supplier–Storage-manufacturing– distributor–storage–retailer–customer

• Supplier–Storage-manufacturing–storage– retailer–distributor–customer

The purpose of supply chain management is

• Provide customer satisfaction

• Improve quality of a product

• Integrating supply and demand management

• Increase production

VMI stands for

• Vendor material inventory

• Vendor managed inventory

• Variable material inventory

• Valuable material inventory

Reverse logistics is required because

• Goods are defective

• Goods are unsold

• The customers simply change their minds

• All of the above

In general supply chain metrics mostly identical from company to company

• True

• False

There are five major categories of metrics that need to be used to measure the performance of process: reliability, ___________, flexibility, cost, and assets

• Profit

• Responsiveness

• Supply Chain

• Cash to cash cycle

Inventory Turnover ratio measures how many times or how fast inventory is turn to the customers relative to those kept in the warehouse

• True

• False

To support effective supply chain decisions, information must have the following characteristics:

• The information must be accurate

• The information must be accessible

• The information must be of the right kind

• All are correct

IT infrastructures typically consist of the following components: Operation System, Database, Application, ___________

• Device

• Internet

• Presentation

• Framework