How Much Do You Actually Know About Supply Chain?

30 Questions | Total Attempts: 156

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How Much Do You Actually Know About Supply Chain?

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. This quiz has been made to assess how well do you know about the supply chain. So, let's try out the quiz. All the best!


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Questions and Answers
  • 1. 
    Data mining:
    • A. 

      Is illegal in the United States

    • B. 

      Is synonymous with marginal analysis

    • C. 

      Looks for patterns and relationships in relevant data

    • D. 

      Can only be done by grocery stores

  • 2. 
    In a(n) _______ approach, all relevant software applications are provided by a single vendor.
    • A. 

      Single integrator

    • B. 

      Captive customer

    • C. 

      Information outsourcing

    • D. 

      Customer centric

  • 3. 
    _________ refers to "how we do things around here" and reflects an organization's vision, values, and strategic plans.
    • A. 

      Supply chain management

    • B. 

      Organizational behavior

    • C. 

      A mission statement

    • D. 

      Corporate culture

  • 4. 
    Which of the following is not a routine occurrence in global supply chains?
    • A. 

      Documentation errors

    • B. 

      Incomplete shipments

    • C. 

      Packaging errors

    • D. 

      Failure to follow order guidelines

    • E. 

      All of the above are routine occurrences

  • 5. 
    Supply chains can be integrated by having various parties enter into and carry out longterm mutually beneficial agreements. These agreements are known by several names. Which of the following is not one of these names?
    • A. 

      Partnerships

    • B. 

      Strategic alliances

    • C. 

      Third-party arrangements

    • D. 

      Contract logistics

    • E. 

      All of the above are correct

  • 6. 
    There are three primary methods that organizations can pursue when attempting to integrate their supply chains. Which of the following is not one of them?
    • A. 

      Vertical integration

    • B. 

      Intensive distribution

    • C. 

      Formal contracts

    • D. 

      Informal agreements

  • 7. 
    __________ utility refers to the value or usefulness that comes from a customer being able to take possession of a product
    • A. 

      Time

    • B. 

      Place

    • C. 

      Form

    • D. 

      Possession

  • 8. 
    ___________ utility refers to having products available where they are needed by customers.
    • A. 

      Possession

    • B. 

      Time

    • C. 

      Place

    • D. 

      Form

  • 9. 
    All of the following terms have been used to refer to business logistics except:
    • A. 

      Business logistics

    • B. 

      Industrial distribution

    • C. 

      Logistics management

    • D. 

      Physical distribution

    • E. 

      All of the above are correct

  • 10. 
    "How well a company does what it says it's going to do" represents _______.
    • A. 

      Efficiency

    • B. 

      Productivity

    • C. 

      Leading edge logistics

    • D. 

      Effectivness

  • 11. 
    Every customer gets the same type and levels of logistics service refers to ________.
    • A. 

      Tailored logistics

    • B. 

      Mass logistics

    • C. 

      Effectiveness

    • D. 

      Efficiency

  • 12. 
    The ________ concept suggests that there is an ever-increasing number of market segments with distinct preferences.
    • A. 

      Rhochrematics

    • B. 

      Relationship marketing

    • C. 

      Market demassification

    • D. 

      Niche marketing

  • 13. 
    According to Professor Menter and colleagues, the supply chain concept originated in what discipline?
    • A. 

      Marketing

    • B. 

      Operations

    • C. 

      Logistics

    • D. 

      Production

  • 14. 
    A ________ encompasses all activities associated with the flow and transformation of goods from the raw material stage, through to the end user, as well as the associated information flows.
    • A. 

      Production line

    • B. 

      Supply chain

    • C. 

      Marketing channel

    • D. 

      Warehouse

  • 15. 
    Which of the following are not key attributes of supply chain management?
    • A. 

      Inventory control

    • B. 

      Leveraging technology

    • C. 

      Customer power

    • D. 

      A long-term orientation

    • E. 

      All are key attributes

  • 16. 
    An organization's ability to respond to changes in demand with respect to volume and variety refers to ______.
    • A. 

      Responsiveness

    • B. 

      Leanness

    • C. 

      Agility

    • D. 

      Relevancy

  • 17. 
    What is a perfect order?
    • A. 

      Simultaneous achievement of relevant customer metrics

    • B. 

      An order that arrives on time

    • C. 

      An order that arrives undamaged

    • D. 

      An order that is easy for the receiver to fill

  • 18. 
    The bullwhip effect:
    • A. 

      In an ineffective way to motivate warehouse employees

    • B. 

      Applies to rodeos and has nothing to do with supply chain management

    • C. 

      Refers to the "swaying" motion associated with triple trailers

    • D. 

      Refers to variability in demand orders among supply chain participants

  • 19. 
    The variabliity in demand orders among supply chain participants:
    • A. 

      Cannot be controlled

    • B. 

      Refers to the bullwhip effect

    • C. 

      Can be controlled with electronic order placement

    • D. 

      Is more pronounced in relational exchanges

  • 20. 
    A cost trade-off is a situation where:
    • A. 

      All cost react according to their individual degrees of inflation in the economy

    • B. 

      All costs are reflected as a percentage variation from standard costs

    • C. 

      Some costs increase, some decrease,and the net effect is that total costs decrease

    • D. 

      Some costs are eliminated by efficient management controls

  • 21. 
    The cash flow associated with holding inventory is known as inventory ______.
    • A. 

      Turnover

    • B. 

      Valuation

    • C. 

      Stock

    • D. 

      Float

  • 22. 
    The four basic components of the marketing mix include all the following except:
    • A. 

      Price

    • B. 

      Production

    • C. 

      Product

    • D. 

      Place

  • 23. 
    __________ refers to one location where customers can purchase products from two or more brand-name retailers.
    • A. 

      Intensive distribution

    • B. 

      Co-branding

    • C. 

      Co-generation

    • D. 

      Selective distribution

  • 24. 
    _________ refers to charges being paid at the time of shipment delivery.
    • A. 

      Freight absorption

    • B. 

      Freight yield

    • C. 

      Freight collect

    • D. 

      FOB destination

  • 25. 
    The most common interface between production and logistics generally involves:
    • A. 

      The use of plastic versus wood pallets

    • B. 

      The mode of transportation

    • C. 

      Shipment pricing

    • D. 

      The length of production runs

  • 26. 
    _________ refers to breaking a homogeneous supply into smaller lots.
    • A. 

      Sorting out

    • B. 

      Allocating

    • C. 

      Accumulating

    • D. 

      Assorting

  • 27. 
    Channel intermediaries:
    • A. 

      Assume temporary ownership of the goods

    • B. 

      Fill niches

    • C. 

      Disappear as the market becomes organized

    • D. 

      Tend to lack focus

  • 28. 
    The most costly logistics activity in many firms is ________.
    • A. 

      Industrial packaging

    • B. 

      Warehousing management

    • C. 

      Order management

    • D. 

      Transportation management

  • 29. 
    Which of the following is not a barrier to supply chain management?
    • A. 

      Regulatory and political considerations

    • B. 

      Lack of top management commitment

    • C. 

      Reluctance to share, or use, relevant data

    • D. 

      Incompatible corporate cultures

    • E. 

      All the barriers

  • 30. 
    Which of the following statements about supply chain software is false?
    • A. 

      Many supply chain software packages are developed for specific, rather than general, applications

    • B. 

      Supply chain software packages can focus on specific functional activities such as transportation and warehousing

    • C. 

      Supply chain software packages can focus on specific supply chain processes such as customer relationship management

    • D. 

      Supply chain software can attempt to simultaneously optimize supply chain processes across organizations