
Mastering Operations Skills
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of supply chain management?
To increase production costs.
To focus solely on customer service.
To optimize the flow of goods, information, and finances.
To limit the distribution of products.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can data analytics improve supply chain efficiency?
Increasing lead times by limiting supplier choices
Enhancing product quality by ignoring customer feedback
Data analytics improves supply chain efficiency by optimizing inventory management, enhancing demand forecasting, and improving supplier performance.
Reducing transportation costs through manual tracking
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between push and pull supply chain strategies?
Push strategies are always more cost-effective than pull strategies; pull strategies are only for large companies.
Push strategies rely solely on customer orders; pull strategies do not consider inventory levels.
Push strategies forecast demand and produce in advance; pull strategies respond to actual demand.
Push strategies only focus on inventory management; pull strategies ignore demand forecasting.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which metric is commonly used to measure supply chain performance?
Customer Satisfaction
Production Cost
Delivery Time
Inventory Turnover
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does inventory management play in supply chain operations?
Inventory management is only relevant for manufacturing companies.
Inventory management plays a critical role in optimizing supply chain efficiency by balancing supply and demand.
Inventory management has no impact on customer satisfaction.
Inventory management is solely focused on reducing costs.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can predictive analytics be used in supply chain forecasting?
Predictive analytics is only useful for financial forecasting.
It can predict weather patterns affecting supply chains.
Predictive analytics can enhance supply chain forecasting by analyzing historical data to predict future demand and optimize inventory management.
Predictive analytics eliminates the need for inventory management.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of the bullwhip effect in supply chains?
The bullwhip effect reduces costs in supply chains.
The bullwhip effect is a strategy for demand forecasting.
The bullwhip effect is significant as it leads to inefficiencies and increased costs in supply chains.
The bullwhip effect ensures smooth inventory flow.
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