Which of the following is a key function of logistics?

• Product development

• Customer service management

• Human resource planning

• Branding

The bullwhip effect in supply chains is caused by:

• Stable demand patterns

• Fluctuations in customer orders and demand distortion

• Reduced inventory levels

• Efficient supply chain coordination

Reverse logistics refers to:

• Managing the return of goods from customers back to manufacturers

• The backward movement of trucks in warehouses

• The process of forecasting customer demand

• The movement of raw materials to production units

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

• Procurement

• Manufacturing

• Advertising

• Distribution

In which type of inventory management is stock replenished only when it reaches a predetermined level?

• Push system

• Economic Order Quantity (EOQ)

• Just-in-Time (JIT)

• Reorder point system

What does 3PL stand for in logistics?

• Three-Point Logistics

• Third-Party Logistics

• Three-Phase Load

• Third-Party Labelling

Which mode of transport is most cost-effective for bulk cargo over long distances?

• Air

• Road

• Water

• Rail

Which technology is commonly used to track shipments in real-time?

• Barcodes

• GPS

• RFID

• ERP

What does the term "lead time" refer to in supply chain management?

• The time taken to produce a product

• The time taken from order placement to delivery

• The lifespan of a product in the market

• The time a supplier takes to find customers

Which of the following is an example of inbound logistics?

• Shipping finished goods to customers

• Procuring raw materials from suppliers

• Managing customer service complaints

• Promoting a new product in the market