Quiz 1_Module 7

What is the goal of Supply Chain Management (SCM)?

• To ignore customer needs

• To complicate processes

• To increase costs

• To match supply to demand effectively and efficiently

What does Logistics refer to in a supply chain?

• Managing customer relationships

• Forecasting demand

• Quality assurance

• Movement of goods within a facility

What is RFID technology used for in supply chains?

• To decrease supply chain visibility

• To improve inventory management

• To reduce quality control

• To increase shipping costs

What are the key aspects of Supply Chain Management (SCM)?

• Matching supply to demand effectively and efficiently

• Determining inappropriate levels of outsourcing

• Managing risks effectively

• Ignoring customer relationships

What is the main responsibility of SCM managers?

• Forecasting demand

• Avoiding ethical problems

• Sourcing and procurement of materials and services

• Ignoring supplier relationships

What are the benefits of outsourcing in a supply chain?

• Increased transportation costs

• Lower productivity

• Loss of control

• Ability to focus on core strengths

What are the risks of outsourcing in a supply chain?

• Increased effort required to manage the supply chain

• Lower prices due to lower labor costs

• Permits the conversion of fixed costs to variable costs

• Ability to take advantage of a supplier's expertise

What is one of the trends in Supply Chain Management (SCM)?

• Not integrating IT

• Ignoring Lean Principles

• Measuring Supply Chain ROI

• Not managing risks

What is one of the ethical issues in SCM?

• Selling products abroad that are banned at home

• Following health and safety standards

• Choosing green suppliers

• Bribing government officials

What are the strategic responsibilities of management in SCM?

• Forecasting demand

• Network configuration

• Managing inventory

• Transportation planning