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Supply Chain Management Quiz

Total questions: 51

Worksheet time: 33mins

Name
Class
Date
1.

The OM decision about produced: relates to how the product or service will be

4 lines
2.

Designing unique product features.

4 lines
3.

Establishing and implementing quality standards.

4 lines
4.

The inventory utilized during a production cycle is known as:

a)

Cycle stock

b)

Anticipation inventory

c)

Pipeline inventory

d)

MRO

e)

None of the above

5.

_ forecasts are more accurate than individual forecasts.

a)

Qualitative

b)

Quantitative

c)

Stable

d)

Aggregate

e)

Causal

6.

Stages of supply chain management include suppliers, producers, distributors, retailers, and:

a)

Financial flows

b)

Customers

c)

Reverse logistics

d)

Sustainability

7.

Ways to mitigate the bullwhip effect include:

a)

Data sharing

b)

Collaborative forecasting

c)

Supplier management

d)

Independent forecasting

e)

a and b

8.

Operations management (OM) is responsible for producing products in a cost-effective and _ way

a)

Complex

b)

Efficient

c)

Expensive

d)

Outsourced

e)

Cellular

9.

_ is responsible for all activities related to delivering products at the right place and right time.

a)

Manufacturing

b)

Marketing

c)

Sourcing

d)

Logistics

e)

Finance

10.

_ is the process of predicting future events.

a)

Planning

b)

Sales and Operations Planning

c)

Sourcing

d)

Forecasting

11.

The logistics function significantly impacts operations in the area of :

a)

Inventory positioning

b)

Financial management

c)

Operations scheduling

d)

Distribution channels

e)

a and c

12.

This is a plan for the company that clearly defines the company's long-term goals, how it plans to achieve these goals, and the way the company plans to differentiate itself from its competitors.

a)

Supply chain strategy

b)

Marketing strategy

c)

Business strategy

d)

Business plan

13.

An example of an OM decision would be:

a)

Which distribution channels to utilize

b)

Where to locate a factory

c)

How to schedule clerks

d)

Market segmentation strategy

14.

SCM involves the design and management of three primary flows:

a)

Products, information, funds

b)

Suppliers, customers, manufacturers

c)

Distributors, retailers, customers

d)

Logistics, operations, marketing

15.

A product's cost advantage may include the following:

a)

High service

b)

Customization

c)

Reputation

d)

Sustainment

16.

Reasons to carry inventory include:

a)

Balance supply and demand

b)

Cover lead time demand

c)

Operational independence

d)

Buffer uncertainty

e)

All of the above

17.

High product value advantage combined with high product cost advantage can be described how?

a)

Value Advantage

b)

Cost and value advantage

c)

Commodity

d)

Cost advantage

e)

None of these

18.

Examples of 'focal firms' players in a supply chain include:

a)

Suppliers

b)

Manufacturers

c)

Retailers

d)

Inbound transportation providers

e)

Accountants

19.

Infrastructure investment is a primary reason why many firms _the logistics

a)

Manage

b)

Eliminate

c)

Outsource

d)

Insource

e)

Control

20.

An outcome of supply chain partners creating independent forecasts could be

a)

Improved inventory management

b)

Improved coordination

c)

Bullwhip effect

d)

Increased sales

e)

a and c

21.

_ is a term that defines the process of buying goods and services.

a)

Manufacturing

b)

Marketing

c)

Sourcing

d)

Logistics

e)

Purchasing

22.

Inventory policy addresses the basic questions of _ and _ to order:

a)

Where and how much

b)

Which supplier and how much

c)

How many suppliers and how much

d)

When to order and how much

23.

_ inventory represents all activities carried out in advance of a customer's arrival.

a)

Finished goods

b)

Raw materials

c)

Buffer

d)

Components

e)

Service

24.

Ways that companies can gain a value advantage include:

a)

Value-segmenting

b)

Supplier relationship management

c)

Service and support

d)

Lowest cost

e)

a and c

25.

Which of the following firms does not provide logistics services to their clients?

a)

United Parcel Service

b)

UBER

c)

Federal Express

d)

DHL

26.

Another name for a supply chain is:

a)

Supply network

b)

Transportation chain

c)

Value chain

d)

Customer chain

27.

focus include which of the following?

a)

Growth of supply chain management

b)

Global supply chains

c)

Cost

d)

Multiple distribution channels

e)

a and b

28.

Purchasing laundry detergent at a retail store is an example of:

a)

Commercial sourcing

b)

Consumer sourcing

c)

Retail sourcing

d)

Mass customization

e)

None of the above

29.

Three overriding SCM activities within and between firms include:

a)

Marketing, sourcing, logistics

b)

Suppliers, customers, manufacturers

c)

Products, information, funds

d)

Coordination, information sharing, collaboration

e)

Responsiveness, reliability, relationship management

30.

Logistics addresses the _ part of the supply chain:

a)

Channels of distribution

b)

Upstream and downstream

c)

Upstream

d)

Downstream

31.

Factors in the marketplace that elevated sourcing from a clerical-oriented function include:

a)

Internet technology

b)

Global competition

c)

Growth of consumer sourcing

d)

Multiple distribution channels

e)

a and b

32.

OM plays a critical role in a company's supply chain because it:

a)

Produces/delivers the product or service

b)

Customizes products

c)

Defines the location of facilities

d)

Works with marketing

33.

Forecasting impacts the operations function in the following ways:

a)

Inventory levels

b)

Sources of supply

c)

Advertising and promotions

d)

Asset acquisition

e)

None of the above

34.

When determining future resource needs, factors that should be considered include:

a)

Growth of supply chain management

b)

Impact of new technologies

c)

Competitor actions

d)

Existing distribution channels

e)

b and c

35.

The inbound side of logistics works primarily with which function:

a)

Manufacturing

b)

Sourcing

c)

Operations

d)

Marketing

e)

Finance

36.

The process of influencing demand is called:

a)

Sales and Operations Planning

b)

CPFR

c)

Demand management

d)

Forecasting

e)

Planning

37.

SCM's competitive advantage can be derived from two primary areas:

a)

Cost and value

b)

Suppliers and customers

c)

Productivity and sustainability

d)

Logistics and Marketing

38.

The outbound side of logistics works primarily with which function:

a)

Manufacturing

b)

Sourcing

c)

Operations

d)

Marketing

e)

Logistic

39.

Today there are three different types of logistics. Which of the following is nc

a)

Service logistics

b)

Business logistics

c)

Military logistics

d)

Even logistics

40.

The experience curve describes the relationship between:

a)

Value and experience

b)

Volume and experience

c)

Service levels and experience

d)

Costs and experience

e)

Innovation and experience

41.

The sourcing function impacts an organization in many ways including:

a)

Operational

b)

Financial

c)

Strategic

d)

All of the above

e)

None of the above

42.

Examples of 'downstream' players in a supply chain include:

a)

Suppliers

b)

Manufacturers

c)

Retailers

d)

Inbound transportation providers

e)

Accountants

43.

Attributes of a commercial sourcing include:

a)

Multiple suppliers of common products

b)

Buyers are final consumers of products

c)

Buyer does not negotiate purchase price

d)

Buyers have specialized purchasing needs

e)

All of the above

44.

The process of preparing for future events is

a)

Planning

b)

Sales and Operations Planning

c)

Sourcing

d)

Forecasting

45.

Parts which are delivered from suppliers are known as what?

a)

Finished goods

b)

Raw materials

c)

Inventory

d)

Components

e)

Buffer

46.

Planning decisions include:

a)

Resource scheduling

b)

Acquiring new resources

c)

Whether to outsource

d)

Sales plans

e)

a and b

47.

_ sourcing focuses on more than just price when selecting suppliers.

a)

Innovative

b)

Supply side

c)

Tactical

d)

Functional

e)

Strategic

48.

_ is responsible for all activities related to purchasing goods and services.

a)

Manufacturing

b)

Marketing

c)

Sourcing

d)

Logistics

e)

Finance

49.

The quantities of all products or materials in stock are known as

a)

Finished goods

b)

Raw materials

c)

Inventory

d)

Components

e)

Buffer

50.

Sourcing addresses the part of the supply chain:

a)

Channels of distribution

b)

Market segmentation

c)

Upstream

d)

Downstream

51.

A form of manufacturing inventory is:

a)

Skills

b)

Office space

c)

Work-in-process

d)

Raw materials

e)

c and d

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