Supply Chain Quiz

What is the primary purpose of a supply chain?

• To produce and deliver a product to the customer

• To manage employee relations

• To create marketing strategies

• To handle financial transactions

Which of the following is NOT a benefit of an efficient supply chain?

• Increased waste

• Faster delivery

• Cost reduction

• Improved quality

What strategy does Walmart use to enhance its supply chain efficiency?

• Local sourcing

• Just-In-Time manufacturing

• Data analytics

• Cross-Docking

How does Amazon predict customer demand?

• Through customer surveys

• By monitoring social media

• Using data analytics

• Based on historical sales only

What is a key feature of Toyota's Just-In-Time (JIT) system?

• Parts arrive exactly when needed

• Low inventory costs

• Production in time

• Excessive lead times

Which company is known for its agility?

• Toyota

• Walmart

• Zara

• Apple

What role does technology play in achieving supply chain efficiency?

• It increases communication

• It provides input in production

• It provides real-time data and automates processes

• It increases manual labor

What is one challenge of global supply chains?

• High sourcing costs

• Lack of technology

• Disruptions like trade disputes

• Limited market reach

What is one way IKEA is making its supply chain greener?

• Using non-recyclable materials

• Increasing packaging

• Employing electric delivery trucks

• Sourcing materials from different locations

What is a key factor in maintaining supplier relationships in international contexts?

• Acknowledge cultural differences

• Focusing solely on cost and transactions

• Building trust across borders

• Minding the cultural gap