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SUPPLY CHAIN MANAGEMENT

Authored by ROSELLE JOY TRABADO

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Professional Development

Used 4+ times

SUPPLY CHAIN MANAGEMENT
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

You need a specific type of fabric for your clothing line. Which supplier is MOST important to consider?

The cheapest supplier.

The supplier with the fastest delivery time.

The supplier who can provide the exact fabric you need, even if it's slightly more expensive or has a longer lead time.

The supplier with the best reputation on social media.

2.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

You're starting a small business and need to purchase packaging materials in bulk. What's the best approach?

Order from the first supplier you find online.

Compare prices and quality from at least three different suppliers.

Only consider suppliers located within your city to minimize shipping costs.

Choose the supplier with the most attractive website.

3.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

A supplier offers you a significantly lower price than competitors. What should you do?

Immediately place a large order.

Investigate the supplier's reputation and verify their claims.

Assume it's a great deal and don't ask questions.

Only consider the price and ignore other factors.

4.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

You've received a shipment of goods, and some are damaged. What's the best course of action?

Accept the damaged goods and hope for the best.

Immediately contact the supplier and document the damage with photos and videos.

Ignore the damage and use the undamaged goods.

Post a negative review online before contacting the supplier.

5.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

Before signing a contract with a new supplier, what's the MOST important thing to do?

Sign the contract quickly to secure the deal.

Trust the supplier's word and skip reviewing the contract.

Only focus on the price and delivery dates.

Carefully read and understand the terms and conditions.

6.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

Your company relies solely on one supplier for a crucial component. What's the biggest risk, and how can it be mitigated?

Higher production costs; negotiate lower prices.

Supplier bankruptcy; diversify your supplier base.

Delayed shipments; improve communication.

Lower quality components; implement stricter quality control.

7.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

A major port strike is anticipated. What proactive step could minimize disruption to your supply chain?

Increase marketing efforts.

Increase production.

Diversify shipping routes and modes of transportation.

Reduce inventory levels.

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