Supply Chain Management Quiz 1

What is the primary goal of a supply chain?

• To maximize individual profits

• To increase product variety

• To maximize the net value generated

• To minimize costs

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

• Marketing

• Information

• Funds

• Product

What does the term 'supply chain surplus' refer to?

• The difference between customer value and supply chain cost

• The total revenue generated by the supply chain

• The profit made by individual firms in the supply chain

• The total cost incurred by the supply chain

In which phase of supply chain management are decisions made regarding production plans and inventory policies?

• Supply chain strategy

• Supply chain planning

• Supply chain design

• Supply chain operation

What is the push/pull view of a supply chain primarily concerned with?

• The timing of process execution

• The types of products offered

• The location of suppliers

• The flow of funds

Which company is mentioned as an example of effective supply chain management?

• Kozmo

• Walmart

• Webvan

• Borders

What is a characteristic of pull processes in a supply chain?

• They require high inventory levels

• They are initiated in response to customer orders

• They are executed in anticipation of customer orders

• They are initiated based on forecasts

Which of the following best describes the cycle view of supply chain processes?

• Processes are divided into push and pull categories

• Processes are divided into cycles at the interface between stages

• Processes are managed independently of each other

• Processes are focused solely on customer orders

What is the significance of integrating customer relationship management (CRM), internal supply chain management (ISCM), and supplier relationship management (SRM)?

• To reduce costs across the supply chain

• To maximize individual profits

• To ensure effective communication and coordination

• To increase product variety

Which company is noted for its responsive replenishment system?

• Amazon

• Zara

• Dell

• Toyota