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Exploring Supply Chain Management

Authored by Amirdha vasani Sankarkumar

Business

12th Grade

Used 1+ times

Exploring Supply Chain Management
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of logistics management?

To ensure efficient and effective flow of goods and services.

To maximize profit margins for suppliers.

To minimize transportation costs only.

To focus solely on inventory management.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define inventory control and its importance in supply chain.

Inventory control is irrelevant to supply chain management.

Inventory control is only about tracking sales data.

Inventory control is the process of managing inventory levels and orders to ensure product availability, which is vital for minimizing costs and enhancing supply chain efficiency.

Inventory control focuses solely on employee management.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What methods are commonly used for demand forecasting?

Sales promotion strategies

Inventory management techniques

Common methods for demand forecasting include qualitative methods (expert opinion, market research) and quantitative methods (time series analysis, causal models).

Customer feedback analysis

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can effective supplier relationship management benefit a company?

It increases supplier turnover rates.

It complicates the procurement process.

It reduces the need for quality control.

It benefits a company by improving communication, quality, cost savings, innovation, and reliability.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

List the different modes of transportation used in supply chain.

Road, Rail, Air, Sea, Pipeline

Horse-drawn Carriage

Bicycle

Cable Car

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factors influence the choice of transportation mode?

Cost, distance, time, availability, environmental impact, and nature of goods/passengers.

Weather conditions

Color of the vehicle

Personal preference

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the role of warehouses in supply chain operations.

Warehouses serve as storage facilities that manage inventory, support order fulfillment, and optimize transportation in supply chain operations.

Warehouses are not involved in inventory management.

Warehouses are primarily used for manufacturing products.

Warehouses only serve as retail spaces for selling goods.

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