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

A risk probability-impact matrix categorizes risks by their likelihood of occurrence and potential severity, helping teams focus mitigation resources.

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

Geopolitical risk encompasses government actions such as tariffs, sanctions, and export controls that can disrupt international supply flows.

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

A BCP outlines procedures to maintain or quickly restore supply chain operations when a significant disruption occurs.

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

Time-to-recover (TTR) quantifies how long it takes for supply chain performance to fully bounce back after a disruptive event.

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

Modern supply chains rely on interconnected digital platforms; a cyberattack on any node—such as an ERP system—can halt orders, shipments, and payments across the network.

Supply Chain and Logistics Practice Test

Supply Chain and Logistics Practice Test

Supply Chain and Logistics Supply Chain Risk Management 2