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