Supply Chain Management

What is the primary purpose of demand forecasting in supply chain management?

• Identifying potential suppliers

• Estimating customer demand

• Optimizing production schedules

• Analyzing transportation costs

What is the term used to describe the process of moving goods from the manufacturer to the end consumer?

• Distribution

• Procurement

• Inventory management

• Warehousing

What is the term used to describe the process of strategically sourcing goods and services from external suppliers?

• Outsourcing

• Offshoring

• Insourcing

• Internalization

What are the function of TIER in supply chain?

• To manage supplier relationships, conduct supply chain traceability and due diligence work, and assess supplier performance.

• To find a good resource for the production process.

• To manage the financial of company and to ensure their manufacturing process smoothly.

What is the level/Tier in supply chain management

• Each unit who improve a product

• Each unit add value to the product

• A hierarchy in a supply chain

• Where products are stored

What is the primary goal of supply chain management in a global context?

• A) Reducing costs

• B) Enhancing customer satisfaction

• C) Increasing production speed

• D) Expanding market reach

Which of the following is a key component of supply chain management that involves the storage of goods?

• A) Distribution

• B) Warehousing

• C) Procurement

• D) Transportation

What is the term for the practice of managing the flow of goods, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer?

• A) Logistics

• B) Inventory Management

• C) Supply Chain Coordination

• D) Demand Planning

In supply chain management, what is the significance of 'Just-In-Time' (JIT) inventory?

• A) Reducing waste by receiving goods only as they are needed

• B) Increasing storage capacity

• C) Enhancing supplier relationships

• D) Improving product quality

What is the role of technology in modern supply chain management?

• A) To automate production processes

• B) To enhance communication and coordination

• C) To reduce labor costs

• D) To increase product variety