Supply Chain Management Quiz

The levels of suppliers within a supply chain are called:

• Ranks

• Supports

• Tiers

• Services

For companies to be competitive, suppliers should be considered:

• Teammates

• Adversaries

• Unreliable

• Unnecessary

A supply chain can best be described as:

• A network of many individual functions

• One or two functions working together

• Negotiating with suppliers

• Choosing the best warehouse strategy

Supply Chain Management can be described as a(n):

• Comprehensive approach to the management of the entire flow of individual functions

• Method to increase sales and market share

• Process to create adversarial relationships with suppliers

• Innovative process for choosing carrier modes

The process for customers to return defective products is called:

• Backwards logistics

• Reverse logistics

• Forward logistics

• Domestic logistics

An estimate of a company’s future needs is called:

• Financial planning

• Balance sheet

• Demand forecasting

• Targeting

The basis for a credible demand plan is derived from the:

• Chief executive officer or company owner

• Demand forecast

• Shipping department

• Warehouse size and location

To support the sales forecast, the demand plan defines the needed:

• Inventory and resources

• Customers

• Suppliers

• Transportation routes

The demand planning function initiates requisitions for:

• Sales

• Suppliers

• Warehousing

• Procurement

The demand plan attempts to achieve a balance between supply elements and:

• Prior forecasts

• Anticipated consumer demand

• Warehouse square footage

• Receiving docks