Test Your Knowledge About Supply Chain And Logistics Functions!
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Which of the following is not a characteristic that makes information useful?
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It is reliable
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It is timely
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It is inexpensive
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It is relevant
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Supply chain management is the broad range of activities in which a person has to plan, control and execute a product's flow, from acquiring resources till production and distribution to the final customer. Whereas, logistics deals with effective execution and planning to meet the customer requirements in a timely and cost-effective manner. This quiz has been made to assess how See morewell do you know about the supply chain and logistics So, let's try out the quiz. All the best!
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Data differ from information in which way?
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Data are output and information is input
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Information is output and data are input
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Data are meaningful bits of information
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There is no difference
Correct Answer
A. Information is output and data are inputExplanation
Data and information are two distinct concepts. Data refers to raw facts, figures, or symbols that are unorganized and have no meaning on their own. On the other hand, information is processed and organized data that has meaning and context. Therefore, data are input, as they need to be collected and entered into a system, while information is output, as it is the result of processing and analyzing the data.Rate this question:
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- 3.
In the value chain concept, upgrading IT is considerd what kind of activity?
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Primary activity
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Support activity
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Service activity
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Structured activity
Correct Answer
A. Support activityExplanation
In the value chain concept, upgrading IT is considered a support activity. Support activities are those that provide assistance and resources to the primary activities of a company, such as production, marketing, and sales. Upgrading IT involves improving and maintaining the technology infrastructure of a company, which supports various operations and processes. It helps enhance efficiency, productivity, and overall performance, indirectly contributing to the success of the primary activities. Therefore, upgrading IT is classified as a support activity in the value chain concept.Rate this question:
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- 4.
A firm, its suppliers, and it's customers collectively from which of the following?
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Supply chain
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Value chain
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ERP system
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AIS
Correct Answer
A. Supply chainExplanation
A supply chain refers to the network of organizations, resources, activities, and processes involved in the production, distribution, and delivery of a product or service from suppliers to customers. It includes the firm itself, its suppliers who provide the necessary inputs, and its customers who receive the final product. Therefore, the correct answer is supply chain.Rate this question:
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- 5.
The process which involves controlling, implementing and planning materials and final goods to meet the final customer at high profits is classified as
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Exclusive distribution
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Exclusive dealing
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Physical distribution
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Supply chain management
Correct Answer
A. Physical distributionExplanation
Physical distribution refers to the process of controlling, implementing, and planning materials and final goods to meet the final customer at high profits. It involves activities such as transportation, warehousing, inventory management, and order processing. By effectively managing these activities, companies can ensure that products are delivered to customers in a timely and cost-effective manner, leading to increased customer satisfaction and profitability.Rate this question:
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- 6.
Logistic network through which unwanted or excess products by resellers or consumers are classified as
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Inbound distribution
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Outbound distribution
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Forward distribution
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Reverse distribution
Correct Answer
A. Reverse distributionExplanation
Reverse distribution refers to the logistic network through which unwanted or excess products by resellers or consumers are classified. This process involves the return of products from the end-user back to the manufacturer or distributor. It includes activities such as product recall, product repair, recycling, or disposal of the returned items. Reverse distribution helps in managing and minimizing waste, reducing environmental impact, and recovering value from returned products.Rate this question:
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- 7.
The logistic network which moves finished product from the company to resellers and then to end users is classified as
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Risk averse distribution
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Reverse distribution
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Inbound distribution
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Outbound distribution
Correct Answer
A. Outbound distributionExplanation
The logistic network that moves finished products from the company to resellers and then to end users is classified as outbound distribution. This term refers to the process of delivering products from the company to the final destination, which in this case is the end users. It involves the transportation, storage, and management of goods throughout the supply chain to ensure timely and efficient delivery to customers.Rate this question:
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- 8.
The process of managing upstream and downstream of final goods, the flow of raw materials and information about resellers and final consumers are classified as
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Marketing logistics network
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Supply chain management
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Delivery network
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Physical distribution network
Correct Answer
A. Supply chain managementExplanation
Supply chain management refers to the coordination and integration of all activities involved in the production and distribution of goods and services. It encompasses the management of the flow of raw materials, the production process, the movement of final goods, and the information exchange between resellers and final consumers. This includes managing both upstream activities (such as sourcing raw materials) and downstream activities (such as delivering finished products to customers). Therefore, supply chain management is the most appropriate classification for the given scenario.Rate this question:
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- 9.
Does SCM stand for?
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Supply Continuity Management
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Supply crisis management
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Supplier Change Management
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Supply Chain Management
Correct Answer
A. Supply Chain ManagementExplanation
SAP Supply Chain Management is one of the key module in SAP ERP and controls Production Planning, business forecasting and demand planning, and helps the organization to manage their supply chain process in a dynamic environment.Rate this question:
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- 10.
In a manufacturing enterprise, which of the following is not a part of Internal Supply chain management?
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Procurement Cycle
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Sales and Distribution Cycle
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Marketing Cycle
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Manufacturing Cycle
Correct Answer
A. Marketing CycleExplanation
The marketing cycle is not a part of internal supply chain management in a manufacturing enterprise. Internal supply chain management focuses on the processes involved in procuring raw materials, manufacturing products, and distributing them to customers. The marketing cycle, on the other hand, involves activities such as market research, advertising, and promotion to attract customers and generate demand for the products. While marketing is an important aspect of overall business operations, it is not directly involved in the internal supply chain management processes.Rate this question:
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Current Version
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Mar 22, 2022Quiz Edited by
ProProfs Editorial Team -
Jan 01, 2008Quiz Created by
Kuniv
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