COM Supply Chain & Logistics Management 1

Question 1

What is the primary goal of supply chain management?

Accepted Answer

Ensure timely delivery of products

Answer

Minimize employee training

Answer

Reduce overhead costs

Answer

Increase production rates

Question 2

What is the role of logistics in the supply chain?

Accepted Answer

To ensure products are delivered on time

Answer

To manage financial budgets

Answer

To reduce employee turnover

Answer

To conduct marketing analysis

Question 3

Which of the following is an example of inbound logistics?

Accepted Answer

Managing supplier relationships

Answer

Transporting finished products to customers

Answer

Distributing products to retailers

Answer

Conducting marketing research

Question 4

What is the purpose of demand forecasting in supply chain management?

Accepted Answer

To ensure product availability and minimize waste

Answer

To reduce supplier costs

Answer

To eliminate stockouts only

Answer

To increase inventory turnover

Question 5

What is the 'Just-in-Time' (JIT) inventory system?

Accepted Answer

Receiving inventory only when it is needed for production

Answer

Receiving raw materials only once a year

Answer

Maintaining large stockpiles of inventory

Answer

Storing products for long periods to meet future demand

Question 6

What does 'supply chain visibility' refer to?

Accepted Answer

Knowing the location and status of products at any given time

Answer

Tracking financial transactions in the supply chain

Answer

Monitoring supplier financial health

Answer

Checking customer satisfaction

Question 7

What is the primary function of inventory management in supply chain management?

Accepted Answer

To keep track of product orders

Answer

To track supplier payments

Answer

To reduce employee workload

Answer

To determine product pricing

Question 8

What is the main purpose of a supply chain risk management plan?

Accepted Answer

To identify and mitigate risks

Answer

To reduce product prices

Answer

To enhance customer satisfaction

Answer

To improve supplier relationships

Question 9

Why is collaboration important in supply chain management?

Accepted Answer

To streamline operations and improve overall efficiency

Answer

To increase supplier power

Answer

To reduce transportation costs

Answer

To avoid market competition