L & SCM Module 3

1. What is a supply chain?

• A network of suppliers and customers

• A process for manufacturing goods

• A system for producing raw materials

Which of the following is NOT a key challenge in supply chain management?

• Demand variability

• Supply disruptions

• High employee turnover

3. Which era marked the significant development of supply chain management?

• 1920s

• 1970s

• 1980s

• 1990s

Which of the following is an essential feature of supply chain management?

• Inventory management

• Marketing strategy

• Human resource planning

• Marketing Planning

What is the primary goal of supply chain management?

• Minimizing costs

• Maximizing customer satisfaction

• Increasing production speed

Which technology is commonly used to enhance supply chain visibility?

• Blockchain

• 3D Printing

• Virtual Reality

Which decision phase in SCM focuses on long-term planning?

• Operational planning

• Strategic planning

• Tactical planning

• Transformational Planning

What is a process view in SCM?

• Analyzing workflows within the supply chain

• Developing new products

• Advertising strategies

• Logistics Strategy

Which of the following is a benefit of effective supply chain management?

• Increased product defects

• Reduced production costs

• Higher inventory levels

• Higher Holding Cost

9. What is the Bullwhip Effect?

• A phenomenon where small fluctuations in demand at the retail level cause larger fluctuations in demand at the wholesale, distributor, and manufacturer levels

• A technique for optimizing supply chain performance

• A method for reducing lead times

• Reduced production costs