Multiple Choice Questions (MCQ) on Supply chain management
Multiple Choice Questions (MCQ) on Supply chain management
Which of the following is true for supply chain management?
- The physical material moves in the direction of the end of chain
- Flow of cash backwards through the chain
- Exchange of information moves in both the direction
- All of the above
(Ans:d)
The sequence of a typical manufacturing supply chain is
- Storage–Supplier–manufacturing–storage–distributor–retailer–customer
- Supplier–Storage-manufacturing–storage–distributor–retailer–customer
- Supplier–Storage-manufacturing– distributor–storage–retailer–customer
- Supplier–Storage-manufacturing–storage– retailer–distributor–customer
(Ans:b)
The purpose of supply chain management is
- provide customer satisfaction
- improve quality of a product
- integrating supply and demand management
- increase production
(Ans:c)
Logistics is the part of a supply chain involved with the forward and reverse flow of
- goods
- services
- cash
- all of the above
(Ans:d)
Due to small change in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as
- Bullwhip effect
- Netchain analysis
- Reverse logistics
- Reverse supply chain
(Ans:a)
VMI stands for
- Vendor material inventory
- Vendor managed inventory
- Variable material inventory
- Valuable material inventory
(Ans:b)
The major decision areas in supply chain management are
- location, production, distribution, inventory
- planning, production, distribution, inventory
- location, production, scheduling, inventory
- location, production, distribution, marketing
(Ans:a)
Distribution requirement planning is a system for
- Inventory management
- Distribution planning
- Both ‘a’ and ‘b’
- None of the above
(Ans:c)
Reverse logistics is required because
- Goods are defective
- Goods are unsold
- The customers simply change their minds
- All of the above
(Ans:d)
3-PL stands for
- Three points logistics
- Third party logistics
- Three points location
- None of the above
(Ans:b)