#1
What does JIT stand for in Supply Chain Management?
Just In Time
Joint Inventory Tracking
Juxtaposed Inventory Techniques
Justified Inventory Transfer
#2
Which of the following is a key objective of Supply Chain Management?
Maximizing production costs
Minimizing customer satisfaction
Maximizing inventory levels
Minimizing total system costs
#3
Which of the following is not a typical supply chain driver?
Inventory
Transportation
Demand
Market share
#4
What does SCM stand for?
Single Channel Management
Supplier-Customer Management
Supply Chain Management
Sales and Customer Marketing
#5
What is the primary objective of supply chain integration?
To increase competition among supply chain partners
To reduce coordination and communication among supply chain partners
To enhance coordination and collaboration among supply chain partners
To eliminate supply chain partners
#6
Which of the following is a key principle of lean manufacturing in supply chain management?
Maximizing waste
Minimizing inventory
Increasing batch size
Slowing down production
#7
What does RFID stand for in the context of Supply Chain Management?
Remote Frequency Identification
Radio Frequency Identification
Resource Flow Identification
Routing and Facilitation Identification
#8
Which strategy aims to optimize inventory levels across the entire supply chain?
Just In Time (JIT)
Vendor-Managed Inventory (VMI)
Bullwhip Effect
Safety Stock Management
#9
Which of the following is a benefit of implementing a sustainable supply chain?
Increased production costs
Decreased brand reputation
Enhanced environmental performance
Reduced customer loyalty
#10
What is the Bullwhip Effect in supply chain management?
A sudden increase in demand
A phenomenon where demand variability increases as information moves upstream in the supply chain
A strategy to reduce excess inventory
A technique to streamline production processes
#11
What does SCOR stand for in the context of supply chain management?
Supply Chain Optimization and Reporting
Supply Chain Operations Reference
Supply Chain Order and Replenishment
Supply Chain Organization and Regulation
#12
Which of the following is not a characteristic of agile supply chain management?
Flexibility
Efficiency
Responsiveness
Adaptability
#13
What is the primary goal of Demand Forecasting in Supply Chain Management?
To eliminate all forecasting errors
To reduce supply chain costs
To match supply with demand
To increase lead times
#14
Which of the following is not a component of logistics in supply chain management?
Warehousing
Inventory management
Procurement
Sales forecasting
#15
What is the main purpose of a distribution network in supply chain management?
To increase lead times
To reduce transportation costs
To centralize production facilities
To limit customer access
#16
What is the purpose of a Bill of Materials (BOM) in supply chain management?
To track financial transactions
To manage human resources
To list the components needed to manufacture a product
To monitor transportation routes
#17
Which of the following is NOT a characteristic of a sustainable supply chain?
Environmental responsibility
Social responsibility
Economic inefficiency
Ethical sourcing