Supply chain management

Supply chain management

University

10 Qs

quiz-placeholder

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Supply chain management

Supply chain management

Assessment

Quiz

World Languages

University

Hard

Created by

English Teachers

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term “supply chain” refer to in business?

The process of marketing a product

The network of companies involved in producing and delivering a product

The financial management of a company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a primary objective of supply chain management?

Reducing costs

Enhancing customer satisfaction

Maximizing shareholder, profits

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of inventory management in supply chain operations?

To have the highest possible inventory levels at all times

To minimize inventory carrying costs while ensuring product availability

To increase leadtimes for product delivery

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does “Just-in-Time” (JIT) inventory management aim to achieve?

To maximize inventory levels to avoid stockouts

To minimize inventory holding costs, while having material arrived, just when needed

To accumulate surplus inventory as a buffer against uncertainty

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which phase of the supply chain involves delivering products to the end customer?

Procurement

Production

Distribution

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of demand forecasting in supply chain management?

To accurately predict the weather for efficient, transportation planning

To estimate future customer demand for products

To determine the best distribution channels for a product

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which key performance indicator (KPI) measures the time it takes for a product to move from the supplier to the customer?

Return on investment (ROI)

Lead Time

Inventory Turnover

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