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WorksheetsSupply Chain Management - Quiz
Total questions: 14
Worksheet time: 7mins
Which of the following is true for supply chain management?
The physical material moves in the direction of the end of chain
Flow of cash backwards through the chain
Exchange of information moves in both the direction
All of the above
The sequence of a typical manufacturing supply chain is
Storage–Supplier–manufacturing–storage–distributor–retailer–customer
Supplier–Storage-manufacturing–storage–distributor–retailer–customer
Supplier–Storage-manufacturing– distributor–storage–retailer–customer
Supplier–Storage-manufacturing–storage– retailer–distributor–customer
The purpose of supply chain management is
Provide customer satisfaction
Improve quality of a product
Integrating supply and demand management
Increase production
VMI stands for
Vendor material inventory
Vendor managed inventory
Variable material inventory
Valuable material inventory
Reverse logistics is required because
Goods are defective
Goods are unsold
The customers simply change their minds
All of the above
In general supply chain metrics mostly identical from company to company
True
False
There are five major categories of metrics that need to be used to measure the performance of process: reliability, ___________, flexibility, cost, and assets
Profit
Responsiveness
Supply Chain
Cash to cash cycle
Inventory Turnover ratio measures how many times or how fast inventory is turn to the customers relative to those kept in the warehouse
True
False
To support effective supply chain decisions, information must have the following characteristics:
The information must be accurate
The information must be accessible
The information must be of the right kind
All are correct
IT infrastructures typically consist of the following components: Operation System, Database, Application, ___________
Device
Internet
Presentation
Framework
SCP capability in general covers: ___________, control, optimation, otonomy
Monitoring
Review
Management
Improvement
Smart Connected Product (SCP) is a product which is enhanced with a complex system that combines hardware, sensor, data storage, microprocessor, software, and connectivity
True
False
Fluctuation in orders increase as they move up the supply chain is one characteristic of
Demand forecast
Bullwhip effect
Demand management
Distortion
Bullwhip Effect could be triggered by the following factor:
Different information used by each stakeholder
Rationing and shortage game
Lot sizing in procurement and production
All are correct
