Supply Chain and Logistics Supply Chain Risk Management 2

Question 1

Which framework uses a heat map plotting likelihood versus impact to prioritize supply chain risks?

Accepted Answer

Risk probability-impact matrix

Answer

SWOT analysis

Answer

Balanced scorecard

Answer

Value stream mapping

Question 2

Geopolitical risk in supply chain management includes which of the following?

Accepted Answer

Trade tariffs and export controls affecting cross-border sourcing

Answer

Seasonal demand fluctuations

Answer

Internal warehouse theft

Answer

Supplier payment terms

Question 3

A Business Continuity Plan (BCP) in supply chain management is primarily designed to:

Accepted Answer

Ensure critical supply chain functions continue during and after a major disruption

Answer

Maximize profit margins under normal operations

Answer

Reduce warehouse overhead costs

Answer

Automate procurement processes

Question 4

Which metric measures the time required for a supply chain to return to normal performance after a disruption?

Accepted Answer

Time-to-recover (TTR)

Answer

Perfect order rate

Answer

Cash-to-cash cycle time

Answer

Fill rate

Question 5

Cybersecurity threats are increasingly important in supply chain risk because:

Accepted Answer

Digital systems and data sharing across partners create vulnerabilities to hacking and ransomware

Answer

They only affect retail companies

Answer

They are fully covered by standard cargo insurance

Answer

They do not affect physical goods movement

Question 6

Which supply chain risk management approach involves identifying critical nodes whose failure would most severely disrupt the entire network?

Accepted Answer

Critical path and node analysis

Answer

ABC analysis

Answer

Vendor scorecard review

Answer

FIFO inventory rotation

Question 7

Near-shoring as a risk mitigation strategy refers to:

Accepted Answer

Moving production or sourcing to nearby countries to reduce lead times and geopolitical exposure

Answer

Sourcing exclusively from domestic suppliers

Answer

Storing inventory near customer delivery points

Answer

Outsourcing logistics to a 3PL provider