Multiple Choice Questions (MCQ) on Su Multiple Choice Questions (MCQ) on Supply chain management pply chain management Which of the following is true for supply chain management? Which of the following is true for supply chain management? a. a. The physical material moves in the direction of The physical material moves in the direction ofthe end of chain the end of chain b. b. Flow of cash backwards through the Flow of cash backwards through thechain chain c. c. Exchange of information moves in both the di Exchange of information moves in both the direction rection d. d. All of the above All of the above (Ans:d) (Ans:d) The sequence of a typical manufacturing supply chain is The sequence of a typical manufacturing supply chain is a. a. Storage Storage–Supplier Supplier–manufacturing manufacturing–storage storage–distributor distributor–retailer retailer–customer customer b. b. Supplier Supplier–Storage-manufacturing Storage-manufacturing–storage storage–distributor distributor–retailer retailer–customer customer c. c. Supplier Supplier–Storage-manufacturing Storage-manufacturing–distributor distributor–storage storage–retailer retailer–customer customer d. d. Supplier Supplier–Storage-manufacturing Storage-manufacturing–storage storage–retailer retailer–distributor distributor–customer customer (Ans:b) (Ans:b) The purpose of supply chain management is The purpose of supply chain management is a. a. provide customer satisfaction provide customer satisfaction b. b. improve quality of a product improve quality of a product c. c. integrating supply and demand integrating supply and demandmanagement management d. d. increase production increase production (Ans:c) (Ans:c) Logistics is the part of a supply chain involved with the forward and reverse flow of Logistics is the part of a supply chain involved with the forward and reverse flow of a. a. goods goods b. b. services services c. c. cash cash d. d. all of the above all of the above (Ans:d) (Ans:d) Due to small change in customer demands, inventory oscillations become Due to small change in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as progressively larger looking through the supply chain. This is known as a. a. Bullwhip effect Bullwhip effect b. b. Netchain analysis Netchain analysis c. c. Reverse logistics Reverse logistics d. d. Reverse supply chain Reverse supply chain (Ans:a) (Ans:a) VMI stands for VMI stands for a. a. Vendor material inventory Vendor material inventory b. b. Vendor managed inventory Vendor managed inventory c. c. Variable material inventory Variable material inventory
d. Valuable material inventory (Ans:b) The major decision areas in supply chain management are a. location, production, distribution, inventory b. planning, production, distribution, inventory c. location, production, scheduling, inventory d. location, production, distribution, marketing (Ans:a) Distribution requirement planning is a system for a. Inventory management b. Distribution planning c. Both ‘a’ and‘b’ d. None of the above (Ans:c) Reverse logistics is required because a. Goods are defective b. Goods are unsold c. The customers simply change their minds d. All of the above (Ans:d) 3-PL stands for a. Three points logistics b. Third party logistics c. Three points location d. None of the above (Ans:b) Single-sourcing has a number of advantages. Which of the following is NOT an advantage of single sourcing? Your Answer: Wide sources of knowledge and expertise to tap. Yes, that's correct.
2. Multiple-sourcing has a number of advantages. Which of the following is NOT an advantage? Your Answer: A wider source of knowledge and expertise is available. Correct Answer: More scale economies. No, that's not correct. 3. If the operation has minimum inventory and low-cost suppliers and the market requirements are predictable with few changes, that is: Your Answer: Match Yes, that's correct.
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