Supply Chain Management Quiz

What is a disadvantage of partnering with a 3PL provider?

• The cost of monitoring the performance of logistics provider can be high

• Increase in-house logistics capabilities

• Enhanced control over customer service

• Reduced operational flexibility

What is a key factor for success in retailer - Supplier partnerships?

• Manager support

• Customer insight

• Inventory management

• Forecast accuracy

What is the most important reason for the establishment of Authentic Apple Store in particular countries?

• For local adaptation

• For cost efficiency

• For revenue improvement

• For preventing local distributors from opportunistic behavior

Which technology is used for real-time tracking of tagged items in inventory management?

• RFID (Radio Frequency Identification)

• QR codes

• Barcoding

• Digital Signatures

The Company has a demand for steel of 1,000 tons per year. The unit price is $100. The carrying cost accounts for 20% of the unit price. Total carrying cost per year is:

• $100,000

• $80,000

• $400,000

• $20,000

Which type of inventory is held to offset seasonal variations?

• Seasonal inventory

• Safety inventory

• Speculative inventory

• In-transit inventory

What is the Economic Order Quantity (EOQ) for the company given the annual demand of 4800 units, cost per unit of $150, carry cost percentage of 20%, and ordering cost of S100?

• 126 Units

• 80 Units

• 179 Units

• 1549 Units

Which of the following is NOT a Consequence of the bullwhip effect?

• Decreased safety stock

• Inefficient allocation costs

• Increased transportation costs

• Increase warehousing costs

What technique can help reduce the bullwhip effect by improving information visibility?

• Electronic Data Interchange (EDI

• Increasing inventory levels

• Batch ordering

• Reducing product variety

What is Vendor Managed Inventory (VMI)?

• Strategy where the supplier responsible for managing inventory levels at the customer's location

• System where customs manage their own inventory

• Technique for inflating orders

• Method to centralize demand information