FREE GLP Supply Chain Management & Strategy Questions and Answers

Question 1

What is the primary goal of supply chain management?

Accepted Answer

To optimize flow across the supply chain

Answer

To increase production only.

Answer

To reduce marketing expenses.

Answer

To manage employee schedules.

Question 2

Which strategy helps reduce supply chain risk?

Accepted Answer

Supplier diversification

Answer

Single sourcing.

Answer

Ignoring supplier issues.

Answer

Delaying shipments.

Question 3

What does 'just-in-time' inventory mean?

Accepted Answer

Receiving goods as needed

Answer

Stockpiling excess inventory.

Answer

Ignoring inventory levels.

Answer

Delaying orders.

Question 4

Which metric measures supply chain efficiency?

Accepted Answer

Order fulfillment cycle time

Answer

Employee turnover.

Answer

Marketing ROI.

Answer

Sales growth.

Question 5

What is the role of logistics in supply chain?

Accepted Answer

Handling transportation and warehousing

Answer

Managing production only.

Answer

Ignoring customer needs.

Answer

Reducing product quality.

Question 6

What is a key benefit of supply chain integration?

Accepted Answer

Better coordination

Answer

Increased delays.

Answer

More errors.

Answer

Higher costs.

Question 7

Which technology improves supply chain visibility?

Accepted Answer

RFID technology

Answer

Manual records.

Answer

Paper invoices.

Answer

Ignoring data.

Question 8

What is demand forecasting?

Accepted Answer

Predicting customer demand

Answer

Ignoring sales trends.

Answer

Delaying shipments.

Answer

Increasing costs.

Question 9

Why is sustainability important in supply chains?

Accepted Answer

To reduce environmental impact

Answer

To increase waste.

Answer

To ignore regulations.

Answer

To increase costs.