Strategic Logistics, Procurement and Supply Quiz

Which of the following are functions of logistics?

• Transportation management

• Inventory management

• Packaging

• Product design

Strategic procurement involves which of the following?

• Supplier relationship management

• Contract management

• Risk management

• Only selecting the lowest cost vendor

Porter’s value chain includes which primary activities?

• Inbound logistics

• Operations

• Marketing and sales

• Value engineering

Objectives of strategic logistics and supply include:

• Improve customer service

• Reduce logistics and inventory costs

• Enhance supply chain responsiveness

• Maximize supplier pricing

Core principles of Total Quality Management (TQM) include:

• Customer focus

• Employee involvement

• Continuous improvement

• Cost maximization

Which are strategic sourcing activities?

• Spend analysis

• Market analysis

• Performance management

• One-time purchasing

Supplier relationship management (SRM) benefits include:

• Improved reliability

• Innovation sharing

• Risk mitigation

• Reduced compliance

Elements of a quality system include:

• Quality manual

• Procedures

• Records

• Supplier incentives

Strategic logistics decisions involve:

• Network design

• Cold chain investment

• Transport mode selection

• Sales forecasting

Inventory performance measures include:

• Inventory turnover

• Fill rate

• Stockout rate

• Conversion rate