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Supply Chain Management
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Supply Chain Management
Practice Tests
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(1) What is procurement in supply chain management?
Packaging of final goods
The process of sourcing and purchasing goods and services
Advertising the products
Customer support operations
(2) What does "third-party logistics (3PL)" refer to?
Internal logistics team
Freight forwarder owned by the manufacturer
Use of external companies to manage logistics operations
Local delivery service
(3) Which type of inventory is held as a buffer against uncertainty?
Cycle stock
Safety stock
Dead stock
Work-in-progress
(4) Which transportation mode is typically the fastest for long-distance delivery?
Truck
Air
Rail
Sea
(5) What is the main objective of supply chain management?
Maximizing the number of suppliers
Increasing advertising costs
Optimizing the flow of goods, information, and finances
Reducing the number of warehouses
(6) Which of the following is a benefit of demand forecasting in supply chain management?
Helps prevent stockouts and overstock
Decreases transportation efficiency
Increases manual labor
Reduces supplier reliability
(7) Which supply chain strategy focuses on minimizing waste and improving efficiency?
Agile supply chain
Push strategy
Lean supply chain
Global outsourcing
(8) Which inventory strategy involves regularly restocking to a target level?
Reorder point
EOQ
JIT
Vendor-managed inventory
(9) Which of the following is a key benefit of Just-In-Time (JIT) inventory systems?
Higher storage costs
Increased product variety
Reduced inventory holding costs
Longer lead times
(10) Which of the following best describes a "bullwhip effect" in the supply chain?
Increased demand due to seasonal sales
Lack of warehouse space
Delays due to customs clearance
A small change in demand causing larger changes upstream
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