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Supply Chain and Inventory Management Quiz

Authored by Jose Lutrania

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University

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Supply Chain and Inventory Management Quiz
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a key supply chain activity?

Procurement

Production

Accounting

Distribution

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which component of the supply chain is responsible for transforming raw materials into finished goods?

Suppliers

Manufacturers

Distributors

Retailers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of logistics within the supply chain?

Broad planning

Day-to-day operations and movement of goods

Long-term strategic planning

Overseeing the entire flow of products

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of inventory management?

Maximize excess stock

Avoid stockouts and minimize excess

Increase holding costs

Complicate supply chains

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of Work-In-Progress (WIP) inventory for a pizza shop?

Flour

Half-baked dough

Boxed pizzas

Cheese

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Identify the correct inventory management strategy based on its characteristics.

Best quantity to order to reduce costs

(a)  

7.

OPEN ENDED QUESTION

3 mins • 1 pt

Name three components of a supply chain.

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