Logi quiz 1

What does SCM stand for in the context of business operations?

• Supply Change Management

• Supply Chain Management

• Supply Core Management

• Supply Commodity Management

What is logistics?

• The process of storing goods

• The process of buying goods

• The process of planning, implementing, and controlling the efficient flow and storage of goods

• The process of selling goods

Which of the following is not a typical function of a warehouse?

• Storage of goods

• Production of goods

• Receiving goods

• Shipping goods

What is inventory management?

• Selling of goods

• Buying of goods

• Overseeing and controlling of the ordering, storage and use of components

• Producing goods

What is a key objective of supply chain management?

• Increase costs

• Increase storage times

• Decrease efficiency

• Decrease costs

What is reverse logistics?

• The process of moving goods from their typical final destination for the purpose of capturing value

• The process of moving goods from the manufacturer to the retailer

• The process of moving goods from the retailer to the customer

• The process of destroying unsold goods

Which one is not a mode of transportation in logistics?

• Train

• Plane

• Boat

• Bicycle

What is the bullwhip effect in supply chain management?

• An increasing swing in inventory in response to shifts in customer demand as one moves further up the supply chain

• The effect of cows in supply chain management

• The effect of a disaster on the supply chain

• A rapid decrease in supply

What is 'Just-in-time' delivery?

• A strategy of holding large amounts of inventory

• A strategy of producing or delivering goods just as they are needed

• A strategy of delaying delivery as long as possible

• A strategy of immediate delivery, regardless of need

Which one of these is not a type of warehouse?

• Private warehouse

• Public warehouse

• Bonded warehouse

• Underwater warehouse