Supply Chain Management Quiz

When customers desire a shorter response time, firms would need to ___________ the number of facilities.

• Maintain

• Increase

• Decrease

• No changes

Which distribution network design option BEST explains retail storage with customer pickup?

• Customers walk into the retail store or place an order online or by phone and pick it up at the retail store

• Customers place their orders online or on the phone and then travel to designated pickup points to collect their goods

• Inventory is kept in intermediate warehouses and delivered to the final customer via package carriers delivered

• Goods are shipped directly from the manufacturer to the end customer without any intermediaries.

Information is used to optimise routings, modes and shipments is an example of how supply chain management enhances the ______________ driver.

• Facility

• Sourcing

• Inventory

• Transportation

Firms that select their locations to be ________________ tends to focusses on being responsive.

• in the same area as their competitors

• in regions with no transportation costs

• as far from the market as possible to save costs

• closer to the market to react quickly to changing needs

________________ is the number of different products that are offered by the distribution network.

• Order visibility

• Product variety

• Delivery frequency

• Product availability

Which of the following BEST explains the concept of inbound transportation cost?

• Costs related to warehousing and storage

• Costs related to bringing material into a facility

• Costs related to sending material out of a facility

• Costs of transporting finished products to customers

Increasing the number of facilities would tend to result in ____________ inventory costs.

• Maintain

• Increase

• Decrease

• No changes

What is the purpose of the Global Political Risk Index (GPRI)?

• To measure the level of government corruption in a country

• To measure the country's ability to attract foreign investments

• To measure the likelihood of technological instability affecting businesses

• To measure the ability of a country to handle political, social, security, and economic crises

Outbound transportation costs per unit usually higher than inbound transportation costs because outbound lot sizes are usually __________.

• larger

• longer

• shorter

• smaller

Which of the following BEST describes the term "response time"?

• The duration to advertise a product.

• The duration to prepare a product for shipping.

• The duration for a customer to receive their order.

• The duration for a product to be available to the market from development.