Logistic System Quiz

What is supply chain optimization?

• Minimizing efficiency and maximizing costs in the supply chain

• Maximizing efficiency and minimizing costs in the supply chain

• Ignoring efficiency and costs in the supply chain

• Maximizing efficiency and maximizing costs in the supply chain

What are the main goals of supply chain optimization?

• Increase efficiency, reduce costs, improve customer satisfaction, enhance overall performance

• Increase efficiency, increase costs, improve customer satisfaction, maintain current performance

• Maintain current efficiency, keep costs the same, ignore customer satisfaction, maintain current performance

• Decrease efficiency, increase costs, worsen customer satisfaction, hinder overall performance

What are the key components of a logistic system?

• transportation, inventory management, warehousing, packaging, and distribution

• transportation, inventory management, warehousing, packaging, and information management

• transportation, inventory management, warehousing, packaging, and supply chain management

• transportation, inventory management, warehousing, packaging, and information management

What is the role of transportation in supply chain optimization?

• Transportation ensures efficient movement of goods

• Transportation only adds unnecessary costs to the supply chain

• Transportation is not important in supply chain optimization

• Transportation can be completely eliminated in supply chain optimization

What are the different types of inventory in a logistic system?

• raw materials, work-in-progress, and finished goods

• supplies, equipment, and tools

• packaging materials, transportation equipment, and storage facilities

• customer orders, invoices, and receipts

What is the bullwhip effect in supply chain management?

• The bullwhip effect in supply chain management refers to the phenomenon where large fluctuations in consumer demand can result in small fluctuations in orders placed by retailers, wholesalers, and manufacturers.

• The bullwhip effect in supply chain management refers to the phenomenon where small fluctuations in consumer demand have no impact on orders placed by retailers, wholesalers, and manufacturers.

• The bullwhip effect in supply chain management refers to the phenomenon where small fluctuations in consumer demand can result in large fluctuations in orders placed by retailers, wholesalers, and manufacturers.

• The bullwhip effect in supply chain management refers to the phenomenon where consumer demand has no impact on orders placed by retailers, wholesalers, and manufacturers.

What are the challenges faced in supply chain optimization?

• lack of skilled workforce

• lack of technology

• inefficient communication

• demand variability, lack of visibility, inventory management, transportation costs, coordination among different stakeholders

What is the difference between push and pull strategies in supply chain management?

• Push strategy and pull strategy are the same in supply chain management.

• Push strategy involves pushing products from manufacturer to retailer based on forecasts or production capacity, while pull strategy involves pulling products based on customer demand.

• Push strategy involves pulling products based on customer demand, while pull strategy involves pushing products from manufacturer to retailer based on forecasts or production capacity.

• Push strategy involves pushing products from manufacturer to retailer based on customer demand, while pull strategy involves pulling products based on forecasts or production capacity.

What is the role of technology in logistic systems?

• Technology slows down processes, decreases efficiency, and hinders real-time tracking and monitoring of shipments.

• Technology has no role in logistic systems.

• Technology automates processes, improves efficiency, and enables real-time tracking and monitoring of shipments.

• Technology increases costs, reduces accuracy, and causes delays in shipments.

What are the benefits of implementing a logistic system?

• Increased inefficiency in transportation and distribution, higher costs, worse inventory management, decreased customer service, lack of visibility and control over the supply chain

• Improved efficiency in transportation and distribution, reduced costs, better inventory management, enhanced customer service, increased visibility and control over the supply chain

• No benefits at all

• Decreased efficiency in transportation and distribution, increased costs, poor inventory management, decreased customer service, lack of visibility and control over the supply chain