SCMA 10/24 Trivia

What has caused significant shipping delays at major ports recently?

• Increased demand for goods

• Labor strikes

• Natural disasters

• New shipping regulations

In response to supply chain disruptions, many companies are considering which strategy?

• Centralizing manufacturing

• Nearshoring production

• Reducing inventory levels

• Increasing reliance on single suppliers

What does the acronym "SKU" stand for in supply chain management?

• Stock Keeping Unit

• Supply Chain Unit

• Strategic Key Unit

• Standardized Kit Unit

Which inventory management technique aims to balance supply and demand?

• LIFO (Last In, First Out)

• FIFO (First In, First Out)

• Economic Order Quantity (EOQ)

• Just-in-Case

What does "cross-docking" refer to in logistics?

• Storing products in warehouses for long periods

• Directly transferring goods from inbound to outbound transportation

• Delivering products to multiple destinations in one trip

• Packaging goods for international shipping

Which of the following is a characteristic of a "pull" supply chain strategy?

• Products are made based on forecasts

• Production is driven by actual customer demand

• Large inventories are maintained

• Focus is on mass production

Which phenomenon occurs when small fluctuations in consumer demand lead to larger fluctuations in demand at the wholesale, distributor, and manufacturer levels?

• Supply chain disruption

• Demand forecasting error

• Bullwhip effect

• Inventory pile-up

What does the "bullwhip effect" refer to in supply chain management?

• The tendency for demand variability to increase along the supply chain

• The impact of transportation costs on pricing strategies

• The process of consolidating inventory across multiple locations

• The practice of reducing lead times to improve efficiency

What is the triple bottom line

• People, Planet, Profit

• Money, Money, Money

• Reduce, reuse, recycle

• Manufacturing, Maintenance, Machinery

What does the acronym ERP stand for in supply chain management?

• Efficient Regulatory Planning

• Enterprise Resource Pricing

• Enterprise Relationship Procurement

• Enterprise Resource Planning