#1
Which of the following is not a primary activity in the value chain?
Human resource management
ExplanationSupport activity focusing on personnel rather than direct product/service activities.
#2
What is the main goal of supply chain management?
Maximizing customer value
ExplanationFocuses on enhancing customer satisfaction and value proposition.
#3
What is the significance of the last-mile delivery in the supply chain?
It refers to the delivery of goods from the distribution center to the end customer
ExplanationCritical for customer satisfaction, representing final leg of delivery.
#4
Which of the following is a key aspect of supply chain sustainability?
Reducing carbon footprint
ExplanationFocuses on environmental responsibility and resource conservation.
#5
What is the significance of supply chain risk management?
To minimize the impact of potential disruptions
ExplanationIdentifies and mitigates risks to ensure continuity of operations.
#6
What is the significance of supply chain network design?
To optimize distribution channels
ExplanationEfficient layout of logistics network to enhance speed and cost-effectiveness.
#7
Which of the following is a characteristic of a responsive supply chain?
Flexibility to meet customer demands
ExplanationAbility to quickly adapt to changing customer requirements.
#8
What is the Bullwhip Effect in supply chain management?
The distortion of information as it moves through the supply chain
ExplanationAmplification of demand fluctuations along the supply chain.
#9
What is the role of demand forecasting in supply chain management?
To predict future customer demand
ExplanationAnticipates customer needs to optimize inventory and production.
#10
In supply chain terms, what does the term 'lead time' refer to?
The time it takes for a supplier to produce and deliver a product
ExplanationDuration from ordering to product receipt, critical for planning.
#11
What is the role of information technology in supply chain management?
To improve visibility and coordination
ExplanationEnhances communication and efficiency throughout the supply chain.
#12
Which of the following is a benefit of supply chain integration?
Increased information sharing and collaboration
ExplanationEnhances coordination among supply chain entities, improving performance.
#13
How does supply chain management contribute to gaining a competitive advantage?
By reducing costs and improving efficiency
ExplanationEnhances operational effectiveness, thus creating cost advantages.
#14
What is the concept of Vendor-Managed Inventory (VMI) in supply chain management?
Suppliers managing the inventory at the retailer's location
ExplanationSuppliers hold responsibility for inventory levels at retailers.
#15
Which of the following is an example of a strategic supply chain decision?
Selecting a transportation mode
ExplanationLong-term choices impacting supply chain efficiency and cost structure.
#16
What does the term 'lean manufacturing' refer to in supply chain management?
Producing goods using the least amount of resources
ExplanationEfficiency-focused approach minimizing waste and maximizing value.
#17
What is the role of reverse logistics in supply chain management?
To handle the return of products from customers
ExplanationManages product returns, refurbishment, and recycling processes.
#18
What is the primary goal of inventory optimization in supply chain management?
To balance inventory levels with customer demand
ExplanationMinimizes excess inventory while ensuring adequate stock availability.