Supply Chain Management Quiz

What is supply chain management?

• The process of planning, implementing, and controlling the flow of goods and services.

• The exclusive management of inventory levels.

• The oversight of purchasing and production.

• The strategic coordination of a company’s supply-side activities.

Which of the following is NOT a core component of the supply chain?

• Procurement

• Logistics

• Marketing

• Operations

What is the primary role of logistics in supply chain management?

• To manage the flow of information within the supply chain.

• To oversee financial transactions and payments.

• To plan, implement, and control the efficient, effective flow and storage of goods and related information from point of origin to point of consumption.

• To source and procure raw materials.

How has e-commerce impacted global supply chains?

• Decreased the need for efficient logistics.

• Increased the demand for faster delivery times.

• Reduced the complexity of global operations.

• Eliminated the need for international shipping.

What is a key challenge of global supply chain management?

• Ensuring product quality

• Managing inventory levels

• Navigating complex customs regulations and tariffs

• Selecting the right suppliers

A key component of supply chain planning is:

• Demand forecasting

• Inventory management

• Transportation optimization

• All of the above

What is the purpose of a supply chain network design?

• To minimize costs

• To improve customer service

• To reduce lead times

• All of the above

Inventory management is critical for:

• Preventing stockouts and excess inventory

• Ensuring timely delivery of products

• Minimizing holding costs

• All of the above

Transportation management involves:

• Selecting the appropriate mode of transport

• Optimizing routes and schedules

• Managing carrier relationships

• All of the above

What is a key soft skill for a successful supply chain manager?

• Strong technical expertise

• Attention to detail

• Effective communication

• Advanced programming skills