23/08

What does the supply chain process involve?

• Only marketing activities
• Storage and movement of goods
• Only production
• Only customer service

Which is true for a global supply chain?

• Easier than local supply chains
• Requires understanding of international regulations
• No impact from trade policies
• Cheaper than local supply chains

A long supply chain often results in:

• Lower costs
• Higher risks and costs
• Faster delivery
• More flexibility

What is a key feature of Just-in-Time (JIT)?

• Holding large buffer stocks
• Buying in bulk
• Ordering inventory only when needed
• Ignoring supplier reliability

Which is an advantage of JIT?

• Lower storage costs
• Large buffer stock
• Easier to meet sudden demand
• Less reliance on suppliers

Which is a disadvantage of JIT?

• Improves cash flow
• No buffer stock costs
• Inability to meet sudden demand
• Reduces waste

Which is a feature of Just-in-Case (JIC)?

• Zero inventory
• Reliance on suppliers
• Holding buffer stock
• Perishable goods focus

Which is an advantage of JIC?

• Wastage of perishable goods
• Flexibility to meet demand spikes
• Lower insurance costs
• Avoids buffer stocks

Which is a disadvantage of JIC?

• Ensures customer satisfaction
• High storage costs
• Meets unexpected demand
• Suitable for stable industries

Which product is least suited for JIC?

• Ball bearings
• Wine
• Fresh flowers
• Cotton