How Well Do You Understand Pharmaceutical Supply Chain Management?

8 Questions | Total Attempts: 121

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Management Quizzes & Trivia

Everyone in pharma is talking about the need for better supply chain management, but how well do you understand the concepts involved? Take this brief quiz and find out. If you score 100%, let us know via "comments" and you will receive a prize.


Questions and Answers
  • 1. 
    What does the term "sales and operations planning" (S&OP) represent?
    • A. 

      A computer model to determine available supply-chain capacity.

    • B. 

      A system for long-range planning of revenues and costs

    • C. 

      A structured senior management process to optimize customer service and capacity

    • D. 

      A technique devised by Toyota to optimize operations

    • E. 

      None of the above

  • 2. 
    What is meant by the term "category management?"
    • A. 

      Planning similar items onto the same production line

    • B. 

      Management of procurement for a defined category of products or materials

    • C. 

      Grouping shipments together to minimize transport costs and delays

    • D. 

      A process to allocate customer orders to products

    • E. 

      None of the above

  • 3. 
    Which of the following should be managed when using a make-to-order planning policy?
    • A. 

      Production schedule adherence

    • B. 

      Capacity

    • C. 

      Customer service levels

    • D. 

      Lead time

    • E. 

      Stock turns

    • F. 

      A, c, and e

    • G. 

      B and d

  • 4. 
    Who devised the theory of constraints?
    • A. 

      W. Edwards Deming

    • B. 

      J.M. Juran

    • C. 

      Eli Goldratt

    • D. 

      Oliver Wight

    • E. 

      F.W. Taylor

  • 5. 
    What are integrators?
    • A. 

      Third-party logistics providers owning the assets involved in transportation (e.g. aircraft) and storage

    • B. 

      Companies that consolidate shipments into manageable loads

    • C. 

      Contract manufacturers offering a one-stop shop

    • D. 

      Consultants specializing in systems integration

    • E. 

      Brokers of transport services

  • 6. 
    You discover a sudden shortage of a key material.  What should you do first?
    • A. 

      Report to regulators

    • B. 

      Re-evaluate sourcing strategy and inventory policy

    • C. 

      Tell senior management

    • D. 

      Phone a friend

    • E. 

      All of the above

  • 7. 
    Incoterms 2010 are used in trading agreements to
    • A. 

      Allocate responsibility for cost, risk and ownership between buyer and seller

    • B. 

      Specify delivery terms and conditions

    • C. 

      Fix the price and delivery of a shipment at an agreement date

    • D. 

      Determine allocation of risk and cost between buyer and seller

    • E. 

      None of the above

  • 8. 
    The EU Falsified Medicines Directive dictates which of the following:
    • A. 

      Extending regulation to brokers of medicines

    • B. 

      Strengthened obligations on wholesale dealers

    • C. 

      Requiring safety features for medicines at risk of being counterfeited

    • D. 

      Improving controls on quality of active ingredients and certain excipients

    • E. 

      That manufacturers determine the origin and integrity of the upstream supply chain

    • F. 

      All of the above

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