Supply Chain Management Quiz

When would a firm consider outsourcing a supply chain activity?

• When the activity is a core competency

• When the activity is resource-intensive and non-core

• When the activity directly generates revenue

• When the activity requires real-time coordination with customers

What is the primary objective of supply chain management?

• Maximizing supply chain surplus

• Reducing lead time

• Enhancing transportation infrastructure

• Maximizing product variety

Which transportation mode is most suitable for long-distance, low-cost shipping of bulk goods?

• Air

• Rail

• Road

• Sea

Which type of demand forecasting is most effective for products with highly seasonal demand?

• Qualitative methods

• Time series methods

• Causal methods

• Simulation methods

What is the primary disadvantage of relying solely on qualitative demand forecasting methods?

• Lack of flexibility in dynamic markets

• High dependence on historical data

• Subjectivity and potential bias in predictions

• High computational cost

What does "Push" process in a supply chain signify?

• Processes executed based on forecasted demand

• Processes triggered by customer orders

• Processes related to supplier negotiation

• Processes involving backward integration

Which of the following is a key element of supply chain strategy?

• Reducing the number of suppliers

• Maximizing profit margins from a single source

• Aligning supply chain processes with customer demand and service requirements

• Ignoring market trends to focus on production efficiency

The Source stage of the SCOR model is primarily concerned with:

• Planning the production processes

• Procuring raw materials and services from external suppliers

• Developing forecasts for demand

• Distributing products to customers

Route optimization in transportation management aims to:

• Minimize the number of stops to ensure faster deliveries

• Maximize transportation costs for larger shipments

• Improve product availability at all distribution points

• Reduce the complexity of inventory management

In the cycle view of a supply chain, the procurement cycle occurs between:

• Manufacturer and supplier

• Customer and retailer

• Retailer and distributor

• Distributor and manufacturer