CLT CLT Supply Chain Management 1

Question 1

What is the primary goal of supply chain management?

Accepted Answer

To deliver the right product to the right place at the right time at the right cost

Answer

To maximize warehouse space

Answer

To minimize the number of suppliers

Answer

To eliminate all transportation costs

Question 2

Which term describes the practice of receiving goods only as they are needed to minimize inventory?

Accepted Answer

Just-in-Time (JIT)

Answer

Safety stock

Answer

Economic Order Quantity (EOQ)

Answer

Batch processing

Question 3

What is the 'bullwhip effect' in supply chain management?

Accepted Answer

Amplification of demand fluctuations as they move upstream in the supply chain

Answer

A technique for accelerating deliveries

Answer

A type of material handling equipment

Answer

A shipping route optimization method

Question 4

Which metric measures the percentage of customer orders fulfilled completely and correctly on the first shipment?

Accepted Answer

Perfect order rate

Answer

Inventory turnover rate

Answer

Order cycle time

Answer

Fill rate

Question 5

What does the acronym 'SKU' stand for in logistics?

Accepted Answer

Stock Keeping Unit

Answer

Storage Key Utility

Answer

Standard Keeping Utility

Answer

System Key Unit

Question 6

Which supply chain strategy involves producing goods only after receiving a confirmed customer order?

Accepted Answer

Make-to-order (MTO)

Answer

Make-to-stock (MTS)

Answer

Assemble-to-order (ATO)

Answer

Engineer-to-order (ETO)