Logistics and Supply Chain Quiz

Which of the following best defines logistics?

• The process of producing goods

• The management of the flow of goods between the point of origin and the point of consumption

• Selling products to customers

• The process of managing human resources

Which of the following is a key objective of supply chain management?

• Reducing costs only

• Improving product quality

• Ensuring timely availability of products

• Increasing the product variety

Which term refers to the storage of goods until they are needed for production or sale?

• Inventory management

• Transportation

• Procurement

• Distribution

What does "Just-in-Time" (JIT) inventory management focus on?

• Maintaining high levels of inventory

• Receiving goods only as they are needed in the production process

• Bulk purchasing to reduce costs

• Storing excess inventory to meet uncertain demand

Which of the following is NOT a component of logistics?

• Warehousing

• Transportation

• Financial accounting

• Inventory control

Which of the following activities is a part of reverse logistics?

• Order fulfillment

• Product returns management

• Inventory forecasting

• Raw material procurement

In supply chain management, what does the term "lead time" refer to?

• The time taken to produce goods

• The time between placing an order and receiving it

• The time required for transportation

• The time needed to sell goods

Which of the following is a key function of a warehouse?

• Production planning

• Storing goods until they are needed

• Sourcing raw materials

• Market research

What is the primary goal of supply chain management?

• Increasing profit margins

• Maximizing customer satisfaction

• Reducing employee turnover

• Enhancing marketing strategies

Which of the following is an example of third-party logistics (3PL)?

• A company manufacturing its own products

• A retailer managing its own inventory

• Outsourcing transportation and warehousing to an external provider

• A supplier producing raw materials