Supply Chain Management Quiz

What is the primary goal of efficient supply chains?

• Respond quickly to demand

• Maximize inventory

• Supply demand at the lowest cost

• Increase product diversity

Which strategy is used by responsive supply chains to manage inventory?

• Minimize inventory to lower cost

• Select suppliers based on cost only

• Maintain buffer inventory to deal with demand/supply uncertainty

• Maximize performance at minimum cost

What does ERP stand for in the context of business systems?

• Economic Resource Planning

• Enterprise Resource Planning

• Effective Replenishment Protocol

• Employee Retention Program

What is a key feature of the bullwhip effect in supply chains?

• Reduction of inventory costs

• Stabilization of demand patterns

• Amplification of order variations

• Decrease in product variety

Which of the following is NOT a typical driver for utilizing ERP systems?

• Reduce ethical compliance

• Standardize and speed up manufacturing processes

• Integrate financial information

• Standardize HR information

What is emphasized in the push processes of a supply chain?

• Execution in response to customer orders

• Execution in anticipation of customer orders

• Reduction of transportation costs

• Integration of customer feedback

Which of the following is a primary focus of supply chain management?

• Reducing marketing costs

• Focusing solely on internal operations

• Managing the flow of materials and information

• Managing employee satisfaction

What does the cycle view of a supply chain emphasize?

• Division of processes into cycles

• Focus on long-term strategic decisions

• Emphasis on single stage operations

• Reduction of supplier base

What is the relationship between operational cost and selling price in supply chain management?

• Higher operational cost leads to higher selling price

• Lower operational cost leads to higher selling price

• Operational cost has no impact on selling price

• Higher operational cost leads to lower selling price

Which of the following is NOT a component of the triple flows in supply chain management?

• Flow of information

• Flow of money

• Flow of services

• Flow of goods