Test Your Knowledge About Supply Chain And Logistics Functions!

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Test Your Knowledge About Supply Chain And Logistics Functions! - Quiz

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 well do you know about the supply chain and logistics So, let's try out the quiz. All the best!


Questions and Answers
  • 1. 

    Which of the following is not a characteristic that makes information useful?

    • A.

      It is reliable

    • B.

      It is timely

    • C.

      It is inexpensive

    • D.

      It is relevant

    Correct Answer
    C. It is inexpensive
    Explanation
    The given answer states that "it is inexpensive" is not a characteristic that makes information useful. This implies that the cost or price of the information does not determine its usefulness. While cost can be a factor in determining the accessibility of information, it does not necessarily impact its usefulness. The usefulness of information is typically determined by factors such as reliability, timeliness, and relevance, which are mentioned as characteristics in the other options provided. Therefore, "it is inexpensive" is not a characteristic that contributes to the usefulness of information.

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  • 2. 

    Data differ from information in which way?

    • A.

      Data are output and information is input

    • B.

      Information is output and data are input

    • C.

      Data are meaningful bits of information

    • D.

      There is no difference

    Correct Answer
    B. Information is output and data are input
    Explanation
    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.

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  • 3. 

    In the value chain concept, upgrading IT is considerd what kind of activity?

    • A.

      Primary activity

    • B.

      Support activity

    • C.

      Service activity

    • D.

      Structured activity

    Correct Answer
    B. Support activity
    Explanation
    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.

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  • 4. 

    A firm, its suppliers, and it's customers collectively from which of the following?

    • A.

      Supply chain

    • B.

      Value chain

    • C.

      ERP system

    • D.

      AIS

    Correct Answer
    A. Supply chain
    Explanation
    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.

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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

    • A.

      Exclusive distribution

    • B.

      Exclusive dealing

    • C.

      Physical distribution

    • D.

      Supply chain management

    Correct Answer
    C. Physical distribution
    Explanation
    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.

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  • 6. 

    Logistic network through which unwanted or excess products by resellers or consumers are classified as

    • A.

      Inbound distribution

    • B.

      Outbound distribution

    • C.

      Forward distribution

    • D.

      Reverse distribution

    Correct Answer
    D. Reverse distribution
    Explanation
    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.

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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

    • A.

      Risk averse distribution

    • B.

      Reverse distribution

    • C.

      Inbound distribution

    • D.

      Outbound distribution

    Correct Answer
    D. Outbound distribution
    Explanation
    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.

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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

    • A.

      Marketing logistics network

    • B.

      Supply chain management

    • C.

      Delivery network

    • D.

      Physical distribution network

    Correct Answer
    B. Supply chain management
    Explanation
    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.

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  • 9. 

    Does SCM stand for?

    • A.

      Supply Continuity Management 

    • B.

      Supply crisis management 

    • C.

      Supplier Change Management 

    • D.

      Supply Chain Management 

    Correct Answer
    D. Supply Chain Management 
    Explanation
    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.

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  • 10. 

    In a manufacturing enterprise, which of the following is not a part of Internal Supply chain management?

    • A.

      Procurement Cycle 

    • B.

      Sales and Distribution Cycle 

    • C.

      Marketing Cycle 

    • D.

      Manufacturing Cycle 

    Correct Answer
    C. Marketing Cycle 
    Explanation
    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.

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