L&SCM Module 6

1. What is the role of IT in supply chain management?

• Reducing production costs

• 1. Increasing manual labor

• Enhancing visibility and coordination across the supply chain

• All the options

1. Which technology is commonly used for tracking inventory in SCM?

• 1. RFID (Radio Frequency Identification)

• 3D printing

• IOT

• GPS (Global Positioning System)

3. What is benchmarking in supply chain management?

• Determining employee salaries

• Setting sales targets

• Determining Inventory Level

• Comparing performance metrics to industry bests or best practices

3. Which of the following is a feature of benchmarking?

• Identifying gaps in performance

• Decreasing product quality

• 3. Extending lead times

• Increased Productivity

3. What is the primary purpose of benchmarking implementation in SCM?

• 3. To reduce marketing efforts

• To improve efficiency and performance

• To increase warehousing costs

• To reduce Transportation cost

6. What is Vendor Managed Inventory (VMI)?

• A system where the supplier manages the inventory levels for the customer

• A system where the customer manages the supplier's inventory

• A marketing strategy

• All the option

6. Which is a benefit of Vendor Managed Inventory (VMI)?

• Decreased supplier-customer collaboration

• 6. Improved inventory turnover

• Increased order processing time

• Increased Lead time

8. What does CPFRP stand for?

• Customer Planning for Resource Procurement

• Collaborative Planning, Forecasting, and Replenishment

• Collaborative Production and Financial Reporting

• Collaborative Processing and Functional Reporting

8. What is the primary goal of CPFRP?

• 8. Enhancing supply chain collaboration and improving demand forecasts

• 8. Reducing customer interaction

• Increasing production costs

• Improved efficiency

10. Which aspect is crucial for customer service logistics?

• 10. Timely and accurate delivery

• Reducing inventory levels

• Increasing production time

• Improved productivity