Supply Chain Management 622 Quiz

Which of the following is NOT a topic covered in the Supply Chain Management 622 module?

• Sales and operations planning

• Managing Economies of Scale

• Coordination in a Supply Chain

• Inventory Management Techniques

Which of the following is a method to manage supply in response to predictable variability?

• Increasing advertising

• Managing capacity

• Reducing prices

• Changing product design

What is the bullwhip effect in supply chain management?

• A method of inventory control

• A phenomenon where demand variability increases along the supply chain

• A strategy for cost reduction

• A type of supply chain coordination

Which of the following is a key obstacle to coordination in a supply chain?

• Incentive obstacles

• Customer satisfaction

• Market demand

• Product quality

What is the role of cycle inventory in a supply chain?

• To reduce production costs

• To exploit economies of scale

• To increase lead time

• To manage customer relationships

What is the impact of a lack of supply chain coordination on manufacturing costs?

• Reduces variability

• Increases manufacturing costs

• Decreases manufacturing costs

• Has no impact

What is the purpose of using common components across multiple products?

• To increase production time

• To stabilize demand

• To reduce inventory costs

• To enhance product variety

What is a key benefit of a trust-based relationship in a supply chain?

• Improved performance

• Higher costs

• Increased competition

• Reduced communication

Which of the following is a method to manage demand in a supply chain?

• Implementing price discounts

• Reducing inventory levels

• Increasing production capacity

• Enhancing supplier relationships

What is the Economic Order Quantity (EOQ)?

• A strategy for reducing lead time

• An equation for determining ideal order quantity

• A type of inventory management

• A method for managing demand