Supply Chain Management Quiz

What is the purpose of Demand Planning?

• To project future demand and customize output

• To handle returns or refunds

• To manage daily warehouse operations

• To track supply chain workflow

Answer explanation

The purpose of Demand Planning is to project future demand and customize output, ensuring efficient production and inventory management.

What does Reverse Logistics involve?

• Disposing of products at the manufacturer

• Recycling products at the point of sale

• Returning products from point of sale to manufacturer for recovery

• Returning products from manufacturer to point of sale

Answer explanation

Reverse Logistics involves returning products from point of sale to manufacturer for recovery, not disposing or recycling products.

What is the main function of a Warehouse Management System (WMS)?

• To manage daily warehouse operations

• To track supply chain workflow

• To ensure efficient movement of goods through warehouses

• To handle returns or refunds

Answer explanation

The main function of a Warehouse Management System (WMS) is to ensure efficient movement of goods through warehouses.

What does Radio Frequency Identification (RFID) help companies do?

• Track supply chain workflow

• Manage daily warehouse operations

• Update inventory

• Handle returns or refunds

Answer explanation

RFID helps companies track supply chain workflow by providing real-time visibility of inventory movement and location throughout the supply chain.

What does OS&D stand for in the context of supply chain management?

• Outsource, Store, and Distribute

• Order, Shipping, and Delivery

• Over, Short, and Damaged

• Overstock, Store, and Dispose

Answer explanation

OS&D stands for Over, Short, and Damaged in the context of supply chain management.

What is the goal of Order Fulfillment in supply chain management?

• To handle returns or refunds

• To manage daily warehouse operations

• To ensure efficient movement of goods through warehouses

• To keep customers satisfied with accurate and efficient order process

Answer explanation

The goal of Order Fulfillment in supply chain management is to keep customers satisfied with accurate and efficient order process.