MEM Supply Chain Management 2

Question 1

Which of the following best describes a 'make-to-order' (MTO) production strategy?

Accepted Answer

Production begins only after a confirmed customer order is received

Answer

Products are built before receiving customer orders

Answer

Products are partially built and customized later

Answer

Inventory is replenished based on forecasts

Question 2

The SCOR (Supply Chain Operations Reference) model organizes supply chain processes into which primary categories?

Accepted Answer

Plan, Source, Make, Deliver, Return

Answer

Buy, Build, Ship, Sell, Service

Answer

Design, Procure, Produce, Distribute, Recycle

Answer

Forecast, Order, Fulfill, Invoice, Pay

Question 3

Which supplier selection criterion is most associated with a strategic partnership rather than a transactional relationship?

Accepted Answer

Capability for joint product development

Answer

Lowest unit price

Answer

Geographic proximity

Answer

Largest production capacity

Question 4

Cross-docking in distribution centers primarily aims to:

Accepted Answer

Reduce storage time by transferring goods directly from inbound to outbound transport

Answer

Increase on-hand safety stock

Answer

Batch-process large orders over multiple days

Answer

Inspect and repackage all incoming goods

Question 5

Which concept describes the practice of sharing real-time sales and inventory data between a retailer and its suppliers to improve replenishment?

Accepted Answer

Collaborative Planning, Forecasting, and Replenishment (CPFR)

Answer

Electronic Data Interchange (EDI)

Answer

Material Requirements Planning (MRP)

Answer

Distribution Requirements Planning (DRP)

Question 6

A supply chain risk mitigation strategy that uses multiple suppliers for the same component is called:

Accepted Answer

Dual or multiple sourcing

Answer

Single sourcing

Answer

Sole sourcing

Answer

Preferred supplier program

Question 7

The cash-to-cash (C2C) cycle time metric is calculated as:

Accepted Answer

Days Inventory Outstanding + Days Sales Outstanding − Days Payable Outstanding

Answer

Days Sales Outstanding + Days Payable Outstanding

Answer

Days Payable Outstanding − Days Inventory Outstanding

Answer

Revenue divided by average inventory