MEM Supply Chain Management 3

Question 1

Which supply chain design principle suggests that the decoupling point should be positioned to separate demand-driven from forecast-driven production?

Accepted Answer

Postponement strategy

Answer

Postponement delays final product differentiation as close to actual demand as possible, reducing forecast risk while maintaining responsiveness.

Question 2

In the context of supply chain sustainability, the 'triple bottom line' framework evaluates performance across which three dimensions?

Accepted Answer

Economic, environmental, and social

Answer

The triple bottom line assesses organizational performance simultaneously through economic (profit), environmental (planet), and social (people) lenses.

Question 3

Which logistics term refers to the movement of goods from end customers back through the supply chain for returns, recycling, or disposal?

Accepted Answer

Reverse logistics

Answer

Reverse logistics manages the flow of goods moving upstream—from consumer back to manufacturer—for returns, repairs, remanufacturing, or recycling.

Question 4

Which analytical tool is commonly used to evaluate supplier performance across multiple criteria simultaneously?

Accepted Answer

Weighted scoring model

Answer

A weighted scoring model allows decision-makers to assign importance weights to multiple criteria and calculate a composite score for each supplier.

Question 5

Supply chain visibility is most directly enhanced by implementing which technology?

Accepted Answer

Internet of Things (IoT) with real-time tracking

Answer

IoT sensors and real-time tracking devices enable end-to-end visibility into product location, condition, and movement across the supply chain.

MEM - Master of Engineering Management Practice Test

MEM - Master of Engineering Management Practice Test

MEM Supply Chain Management 3