Quiz on Supply Chain Management

What does supply chain management (SCM) primarily involve?

• Production of goods only

• Only logistics management

• Marketing strategies

• Coordination of various activities

Which of the following is NOT a key practice in supply chain management?

• Customer service training

• Demand forecasting

• Supplier relationship management

• Inventory management

What is the main benefit of effective supply chain management?

• Increased employee satisfaction

• Reduced costs and improved quality

• More product variety

• Higher marketing budgets

What does forecasting in supply chain management help to predict?

• Market share growth

• Employee performance

• Supplier reliability

• Future demand for products or services

Which component of forecasting represents long-term average demand?

• Promotional Demand

• Cyclic Demand

• Base Demand

• Seasonal Demand

What type of demand is influenced by marketing activities?

• Base Demand

• Irregular Demand

• Seasonal Demand

• Promotional Demand

Which forecasting technique relies on expert opinion?

• Time Series Techniques

• Statistical Techniques

• Qualitative Techniques

• Causal Techniques

What is a characteristic of cyclic demand?

• Temporary spikes due to promotions

• Unpredictable fluctuations

• Regular fluctuations at predictable intervals

• Long-term periodic shifts related to economic cycles

What is the role of technology in the forecasting process?

• To reduce the need for trained personnel

• To increase costs

• For data gathering and analysis

• To eliminate human judgment

Which of the following is a time series technique?

• Regression analysis

• Expert panels

• Moving averages

• Surveys