WorksheetsSC1 Practice Quiz
Total questions: 40
Worksheet time: 25mins
Intermediaries play an important role in matching services to customers and manufacturers.
The process of planning, implementing, and controlling the efficient and effective flow and storage of raw materials, semi-finished and finished products, and related information from the point of origin to the point of consumption.
In the paragraph above, what does CRM stand for?
Customer Related Management
Customer Relationship Management
Customs Relationship Managerial
Customs Relationship Management
A supply chain is a sequence of activities by different parties with one objective. What is the correct management of warehouses, transport, and materials that integrate different functions of the business process?
Customer Relations Management
Delivery Order
Flexible Trade
Integrated Logistics Architecture
The act of reducing the selling price of merchandise is known as?
Entertainment
Goods Production
Price Reduction
Storage/Transportation
What is the quality attribute of logistics that refers to the ability to perform the promised service accurately and dependably?
Best Practices
Export Performance
Performance Level
Service Reliability
A service provider that used time-related positioning of resources to meet user requirements.
a. Export
b. Import
c. Logistics
d. Transshipment
As used in the supply chain, who does the end customer refer to?
Buyer
Consumer
Retailer
Wholesaler
Logistics is the part of the supply chain involved with the forward and reverse flow of these items:
All of the Above
Cash
Goods
Services
The growing number of firms now outsource some or all of their logistics to so of intermediaries.
Channel Members
Competitors
Cross-Functional Teams
Third-Party Logistics Providers
Which of the following is not a part of the supply chain management system?
a. Competitor
b. Information flow
c. Manufacturer
d. Supplier
It is a form of flexible logistics used to avoid storage and handling of slow-moving products through the mainstream of the echeloned logistics structure.
Customer Relations Management
Delivery Order
Flexible Trade
Integrated Service Provider
A supply chain is a sequence of firms that perform activities required:
to create and deliver goods to consumers
to create synergy in their training programs
to facilitate wholesalers' inventory selections
to find similar products
It is the term for the goods available for sale and raw materials used to produce goods. It represents one of the most important assets of a business because its turnover represents one of the primary sources of revenue generation and subsequent earnings for the company's shareholders.
Equipment
Inventory
Materials
Profit
The process by which ideas, goods, and services spread throughout the world. In business, the term is often used in an economic context to describe an integrated economy marked by free trade, the free flow of capital, and corporate use of foreign labor markets to maximize returns and benefit the common good.
Free Trade
Global Marketplace
Globalization
Global Trade
These are operational locations that are linked by information and transportation.
Connecting Point
Distribution Center
Echelon
Nodes
To reduce inventory management costs, many companies use a system that involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation. What is this system called?
Economic Order Quantity
Just-In-Time Logistics
Reduction-Inventory Management
Supply Chain Management
It is an internationally accepted commercial term defining the respective roles of the buyer and the seller.
A-Terms
Incoterms
Issuing Documents
Traceability
Supply Chain Management systems are inter-organizational systems that enable companies to efficiently handle the flow of goods from suppliers to customers. A supply chain is a network of organizations and facilities that transforms raw materials into products delivered to customers. The purpose of supply chain management is:
Provide Customer Satisfaction
Increase Production
Improve Quality of a Product
Integrating Supply and Demand Management
For the logistics company to achieve complete delivery of goods, it is advisable to use:
Barcode
Warehouse Management Mobile Application
Barcode and mobile application
Internet and wifi
Today, a growing number of firms now outsource some or all of their logistics to intermediaries through the help of:
third-party logistics providers
competitors
cross-functional teams
channel members
Most of the companies manage their supply chains through this kind of method.
Knowing competitors
Using Information
The Internet
Transportation Modes
Which of the following best describes the primary user groups of an Advanced Planning and Optimization System (APOS)?
Manufacturer and Supplier
Merchant and Customer
Seller and Logistics
Supplier and Seller
It is a model that allows management and employees to better achieve organizational goals through a structured process of employee development.
Management Cycle
Performance Cycle
Product Cycle
Production Cycle
What is the deduction from inventory after the manufacturing stage of the parts was used?
Back Flushing
Backhaul
Back Order
Bench Marking
A supply chain is a sequence of firms that perform activities required to deliver and:
to create and deliver goods to consumers
to facilitate wholesalers' inventory selections
to create synergy in their training programs
to find similar products
It means that all discounts and allowances are factored into the selling price.
Dead net pricing
Good pricing
Stock pricing
All of the above
Companies manage their supply chains through this method because it is the latest trend.
competitors
information
the Internet
transportation modes
Which of the following is not a component of 4PL?
Resource providers
Information
Control room
Recycling
A supply chain is essentially a sequence of linked parties. Who are the parties involved?
suppliers and customers
warehousing and wholesaling units
supplier and manufacturer
customer and prospects
It is the time required to convert raw material or inventory purchases into sales revenue.
a. Cash spin
b. Cash-to-cash conversion
c. Dwell time
d. None of the above
It refers to the inventory quantity available for each period.
Available Stock
Market Stock
Reserved Stock
Work-in-progress stock
The marketing logistics objective is to bring the product to the right customer in the right place and right time, from among the enumerated below, which one does not conform to the said objective.
a. Controlling the physical flow of goods, services, and information
b. Gathering customer's ideas for new products
c. Implementing the plan for the flow of goods and services
d. Planning the physical flow of goods and services
The set of activities concerned with the efficient movement of finished goods from the end of the production operation to the consumer.
Logistics Management
Physical Distribution
Material Management
Freight Forwarding Management
What is the systematic process to make the delivery of goods more efficient by determining which goods, in what quantities, and at what location are required to meet anticipated demand?
Distribution Resource Planning
Distribution Reverse Planning
Distribution Requirement Planning
Dividend Requirement Planning
The ratio of time inventory sits idle in comparison to the amount of time productivity moved to a desired location in the supply chain. It is an ecosystem of connected, collaborative data partners, whereby information gets collected, analyzed, and utilized in real-time. All stakeholders within the critical path obtain accurate visibility, identify weaknesses, streamline processes, and mitigate risk.
Dwell Time
Order-Interval Time
Processing Time
Production Time
Warehouse management system means;
Arranging the warehouse and its inventory.
Having and maintaining the appropriate equipment.
Managing new stock coming into the facility.
Those choices from a, b, and c.
The major decision areas in supply chain management are:
Location, Production, Scheduling, and Inventory
Location, Production, Distribution, and Marketing
Location, Production, Inventory
Planning, Production, Distribution, and Inventory
It is the inventory between stages in the supply chain and the final customer determines the safety inventories in the individual stage of the supply chain.
Customer Relationship Management
Echelon
Responsiveness
Reverse Logistics
It is the important distinction between import/export involvement and establishment of local presence on the fund they used.
Degree of Investment
Free Trade
Global Marketplace
Globalization
