SCM - basic concepts

1. The purpose of supply chain management is…………….

• Provide customer satisfaction

• Improve quality of a product

• Integrating supply and demand management

• A. Increase production

Logistics is the part of supply chain involved with the forward and reverse flow of

• Goods

• Services

• Cash

• All of above

The major decision areas in supply chain management are

• Planning, production ,distribution, inventory

• Location, production, scheduling ,inventory

• Location ,production ,inventory

• Location ,production, distribution, marketing

3. VMI stands for

• Vendor material inventory

• Vendor managed inventory

• Variable material inventory

• Valuable material inventory

Reverse logistics is required because

• Goods are defective

• Goods are unsold

• The customer simply change their minds

• All of above

6. Which of the following is not a part of supply chain management system?

• Supplier

• Information Flow

• Distributor

• competitor

Just-in-time/SCM purchasing requires the following condition:

• Many suppliers

• Short-term contracts

• Cooperation between purchasing and suppliers

• Continuous competitive bidding

A supply chain is made up of a series of processes that involve an input, a _______, and an output.

• Shipment

• Supplier

• Customer

• Transformation

Which of the following is not an area of responsibility for a logistics manager?

• Inventory

• Purchasing

• Marketing

• Transporting

Which of the following is NOT a reason that companies are depending more on their suppliers?

• More focus on core competencies

• Need for more flexibilities

• More control over their suppliers

• Desire to share risks