Supply Chain Management PRELIM EXAM - TEST 1

Which of the following best defines Supply Chain Management (SCM)?

• The coordination and management of interconnected businesses to deliver products/services

• The process of managing the flow of goods and services

• A method for optimizing inventory levels

• A strategy for reducing costs in production

In hospitality, supply refers to:

• The availability of products, materials, or services for operations

• The process of sourcing ingredients

• The management of inventory levels

• The distribution of goods to customers

Which is NOT a key component of a supply chain?

• Suppliers

• Manufacturers

• Distributors

• Competitors

The main objective of supply chain integration is:

• Reducing costs

• Creating a seamless and interconnected system

• Improving supplier relationships

• Enhancing customer service

Which type of integration involves coordinating departments like procurement, production, and logistics within the same company?

• External integration

• Internal integration

• Vertical integration

• Horizontal integration

A hotel using Just-in-Time (JIT) inventory management is practicing:

• Stockpiling inventory

• Receiving goods only when needed

• Ordering in bulk

• Forecasting demand

Which of the following is an advantage of SCM in hospitality?

• Increased costs

• Decreased efficiency

• Improved customer satisfaction

• Limited supplier options

Which demand forecasting method uses historical data and trends?

• Qualitative methods

• Time Series Analysis

• Expert judgment

• Market research

End-to-end supply chain integration means:

• All supply chain members operate as one system

• Only suppliers are involved

• Logistics is excluded

• Only internal departments are integrated

Which of the following is a challenge in supply chain integration?

• Employee resistance to change

• Increased collaboration

• Improved communication

• Enhanced technology