Logistics Management Quiz

A supply chain is an entire system of producing and delivering a product or service, from the very beginning stage of sourcing of materials to the final delivery of the product or service to end-users.

• TRUE

• FALSE

Human Resources can be a part of a supply chain.

• TRUE

• FALSE

This includes all the activities related to the procurement of materials:

• Midstream supply chain activities

• Downstream supply chain activities

• None of the choices

• Upstream supply chain activities 

Supply chain CANNOT BE USED to denote a category of supply chains for service industries, such as finance, healthcare, hospitality and professional services.

• True

• False

Forecasting demand belongs to which part of Supply Chain Management Components?

• Planning

• Delivering

• Making

• Sourcing

• Returning

Selecting suppliers who will provide the goods, materials, and services belongs to which part of Supply Chain Management Components?

• Planning

• Sourcing

• Delivering

• Making

Designing the supply chain belongs to which part of Supply Chain Management Components?

• Returning

• Making

• Planning

• Sourcing

Designing warranty and post-service systems belongs to which part of Supply Chain Management Components?

• Sourcing

• Delivering

• Planning

It is the process of integrating the supply and demand management, not only within the organization, but also across all the various members and channels in the supply chain so they work together most efficiently and effectively.

• Logistics Management

• Inventory Management

• Supply Chain Management

• Supply Chain

Caselet: A manufacturing company orders 24,000 units of concrete blocks semi-annually at a price of Php20.00 per unit. Its carrying cost per year is 15% of the price of the concrete block and the order cost is Php12.00 per order per year. What is the optimum order quantity?

• 100 units
• 320 units

• 500 units

• 620 units