Supply Chain Management Quiz

What is the primary focus of Supply Chain Management (SCM)?

• Eliminating all suppliers

• Maximizing individual department profits

• Coordinating and optimizing the flow of goods and services

• Minimizing transportation costs

Which of the following is a key component of the Sourcing Process?

• Inventory Management

• Logistics Outsourcing

• Total Cost of Ownership

• Reverse Logistics

What does the term 'INCO Terms' refer to?

• Internal Company Operations

• International Commercial Terms

• Inventory Control Operations

• International Cost Optimization

What is the role of logistics in the distribution channel?

• To eliminate waste in manufacturing

• To increase production speed

• To manage supplier relationships

• To facilitate the movement of goods to consumers

What does 3PL stand for in logistics?

• Third Party Labor

• Third Party Logistics

• Third Party Logistics Management

• Third Party Licensing

Which technology is commonly applied in SCM for tracking inventory?

• Cloud Computing

• Radio Frequency Identification (RFID)

• Artificial Intelligence

• Blockchain

What is the purpose of the Supply Chain Balanced Score Card?

• To manage supplier contracts

• To track financial metrics only

• To measure employee performance

• To evaluate supply chain performance across multiple dimensions

What is a key benefit of Vendor Managed Inventory (VMI)?

• Increased supplier control over inventory levels

• Reduced supplier costs

• Elimination of all inventory

• Increased customer complaints

What does 'Reverse Logistics' refer to?

• The optimization of transportation routes

• The process of returning goods to suppliers

• The management of forward logistics

• The elimination of waste in production

Which of the following is a trend in modern SCM?

• Application of Artificial Intelligence

• Reduction in global sourcing

• Decreased use of technology

• Increased reliance on manual processes