Supply Chain Management Quiz 1

What is the core purpose of Reverse Logistics?

• Delivering products to the customer

• Managing raw material sourcing

• Handling product returns, repairs, and recycling

• Optimizing production workflows

Which key component of a supply chain involves managing suppliers for raw materials and services?

• Core Operations

• Logistics & Distribution

• Reverse Logistics

• Strategic Planning & Sourcing

According to the provided information, which technology is crucial for 'Forecasting & Optimization' and 'Predicting demand fluctuations'?

• Blockchain

• Artificial Intelligence & Machine Learning

• Internet of Things (IoT)

• Advanced Analytics

The 'Supply Chain Diagram' shows the flow of goods from which point of origin?

• Raw Materials

• Manufacturer

• Distributor

• Retailer

What is a key benefit of a resilient and transparent supply chain, as highlighted under 'Risk Mitigation'?

• Lower product prices

• Better anticipation and recovery from disruptions

• Faster delivery times

• Higher quality products

Which of the following is NOT listed as a key aspect of oversight in Supply Chain Management?

• Design

• Execution

• Control

• Planning

What does the slide on 'SCM as a Competitive Advantage' list as a factor for 'Cost & Speed'?

• Higher Quality Products

• Market Responsiveness

• Better Prices & Faster Delivery

• Precision Planning

What is the primary function of Blockchain in modern SCM?

• Real-time visibility

• Predictive analytics

• Enhanced transparency and security

• Optimizing inventory levels

Which of the following is considered a business outcome driven by Supply Chain Management?

• Operational Complexity

• Increased Expenditure

• Customer Satisfaction

• Supply Instability

Which emphasizes 'Integrated Coordination' and 'Driving Value & Efficiency' about SCM in the global market?

• 'The Importance of Effective SCM'

• 'The Role of Technology in Modern SCM'

• 'Conclusion: SCM in the Global Market'

• 'SCM as a Competitive Advantage'