Supply Chain Management Quizzes for Business Studies Year 13

Question 1

Which of the following is not a core component of supply chain management?

Accepted Answer

Product design

Answer

Sourcing

Answer

Inventory management

Answer

Distribution

Question 2

Lean manufacturing aims to achieve which of the following?

Accepted Answer

Minimize waste and maximize efficiency

Answer

Increase production volume

Answer

Enhance product quality through additional testing

Answer

Maintain high levels of inventory to meet customer demands

Question 3

RFID (Radio Frequency Identification) technology is primarily used in supply chain management for:

Accepted Answer

Tracking inventory and managing asset movement

Answer

Analyzing customer behavior and preferences

Answer

Automating production processes

Answer

Reducing transportation costs

Question 4

The bullwhip effect refers to:

Accepted Answer

The tendency for demand variations to amplify as they move upstream in the supply chain

Answer

The use of technology to manage supply and demand

Answer

The impact of poor customer service on supply chain performance

Answer

The need for effective collaboration among supply chain partners

Question 5

Outsourcing in supply chain management involves:

Accepted Answer

Contracting specific functions or processes to external providers

Answer

Increasing production capacity to meet market demand

Answer

Centralizing all supply chain activities within the organization

Answer

Reducing the number of suppliers in the supply chain

Question 6

The theory of constraints (TOC) focuses on:

Accepted Answer

Identifying and resolving bottlenecks to improve supply chain flow

Answer

Increasing production output through additional investment

Answer

Reducing inventory levels to minimize holding costs

Answer

Improving customer service by enhancing communication

Question 7

Corporate social responsibility (CSR) in supply chain management refers to:

Accepted Answer

Considering the ethical, social, and environmental impact of supply chain activities

Answer

Focusing solely on maximizing profits for shareholders

Answer

Reducing costs and increasing efficiency at all stages

Answer

Expanding the product range to meet diverse customer needs

Question 8

Which of the following factors does NOT influence supply chain performance?

Accepted Answer

Marketing strategies

Answer

Supplier reliability

Answer

Demand volatility

Answer

Government regulations

Question 9

What is the primary goal of implementing a lean supply chain strategy?

Accepted Answer

Minimizing waste and maximizing efficiency

Answer

Increasing production output

Answer

Reducing inventory levels

Answer

Enhancing customer satisfaction

Question 10

Which of the following is NOT a potential benefit of optimized supply chain management?

Accepted Answer

Increased company revenue

Answer

Reduced operating costs

Answer

Improved customer service

Answer

Enhanced agility and responsiveness

Question 11

What is the fundamental difference between a pull and a push supply chain strategy?

Accepted Answer

Pull strategy: production is demand-driven, while push strategy: production is forecast-driven

Answer

Push strategy: production is demand-driven, while pull strategy: production is forecast-driven

Answer

Pull strategy: production is inventory-driven, while push strategy: production is demand-driven

Answer

Push strategy: production is inventory-driven, while pull strategy: production is demand-driven

Question 12

Which component of supply chain management focuses on acquiring goods and services from suppliers?

Accepted Answer

Procurement

Answer

Production

Answer

Distribution

Answer

Customer service

Question 13

What is the key objective of lean supply chain management?

Accepted Answer

Minimizing waste and maximizing efficiency

Answer

Increasing production volume

Answer

Expanding product range

Answer

Improving customer satisfaction

Question 14

Which forecasting technique uses a weighted average of past demand data?

Accepted Answer

Moving average

Answer

Exponential smoothing

Answer

Linear regression

Answer

Time series analysis

Question 15

Which metric measures the percentage of orders fulfilled without errors or delays?

Accepted Answer

Perfect order fulfilment rate

Answer

Inventory turnover ratio

Answer

Days sales outstanding

Answer

Return on assets

Question 16

How has globalization impacted the complexity of supply chains?

Accepted Answer

Increased geographic spread of suppliers and customers

Answer

Reduced transportation costs

Answer

Improved product quality

Answer

Simplified customs regulations

Question 17

Which of the following is NOT a core component of supply chain management?

Accepted Answer

Customer relations

Answer

Planning

Answer

Procurement

Answer

Production

Question 18

Which management strategy in supply chain management prioritizes minimizing inventory levels while fulfilling customer demand?

Accepted Answer

Just-in-time (JIT)

Answer

Lean management

Answer

Total quality management (TQM)

Answer

Theory of constraints (TOC)

Question 19

Which optimization technique determines the ideal order quantity to minimize inventory costs?

Accepted Answer

Economic order quantity (EOQ)

Answer

Safety stock

Answer

Lead time reduction

Answer

Vendor-managed inventory (VMI)

Question 20

Distinguish between a push-based and a pull-based supply chain.

Accepted Answer

In a push-based system, production is driven by forecast demand, while in a pull-based system, production is triggered by actual customer orders.

Answer

In a pull-based system, production is driven by forecast demand, while in a push-based system, production is triggered by actual customer orders.

Answer

There is no difference between a push-based and a pull-based supply chain.

Answer

Neither of the above

Question 21

The primary objective of supply chain management is to:

Accepted Answer

Achieve all of the above

Answer

Reduce costs

Answer

Enhance customer satisfaction

Answer

Maximize profits

Question 22

The process of selecting and managing suppliers is referred to as:

Accepted Answer

Procurement

Answer

Logistics

Answer

Distribution

Answer

Inventory management

Question 23

The process of evaluating and selecting suppliers for a business is known as:

Accepted Answer

Supplier selection

Answer

Supplier evaluation

Answer

Supplier onboarding

Answer

Supplier relationship management

Question 24

What is the primary objective of lean supply chain management?

Accepted Answer

Minimizing waste and optimizing flow

Answer

Maximizing production

Answer

Reducing costs

Answer

Improving customer satisfaction

Question 25

Which of the following is NOT a potential benefit of effective supply chain management?

Accepted Answer

Higher employee turnover

Answer

Improved customer service

Answer

Reduced operating costs

Answer

Increased market share

Question 26

The primary objective of supply chain management is to:

Accepted Answer

Optimize the flow of products and services

Answer

Minimize inventory levels

Answer

Maximize production efficiency

Answer

Reduce transportation costs

Question 27

Which supply chain strategy is designed to enhance flexibility and reduce lead times?

Accepted Answer

Agile supply chain

Answer

Lean supply chain

Answer

Responsive supply chain

Answer

Efficient supply chain

Question 28

Which of the following is a key characteristic of the bullwhip effect in supply chains?

Accepted Answer

Increased demand fluctuations as you move upstream in the supply chain

Answer

Enhanced demand forecasting and improved customer service

Answer

Lower transportation costs and reduced lead times

Question 29

Which of the following is NOT a key component of supply chain management?

Accepted Answer

Sales

Answer

Procurement

Answer

Production

Answer

Customer service

Question 30

What is the primary objective of lean supply chain management?

Accepted Answer

Minimizing waste while maximizing efficiency and productivity

Answer

Increasing production volume

Answer

Expanding market share

Answer

Improving customer satisfaction

Question 31

Which of the following is NOT a common Key Performance Indicator (KPI) used to measure supply chain performance?

Accepted Answer

Earnings per share

Answer

Inventory turnover ratio

Answer

Order fulfillment rate

Answer

Customer satisfaction index

Question 32

Identify how blockchain technology can enhance supply chain management's efficiency and transparency.

Accepted Answer

Enhanced data security through its decentralized and encrypted nature, protecting against unauthorized access and tampering.

Accepted Answer

Improved traceability by providing an immutable record of transactions, facilitating the tracking of goods and materials throughout the supply chain.

Accepted Answer

Reduced administrative costs due to automation and streamlining of processes.

Answer

Increased inventory levels as blockchain provides real-time visibility into inventory.

Question 33

In managing supply chains across different countries and cultures, organizations encounter specific challenges. Which of the following is a primary challenge in this context?

Accepted Answer

Cultural variations

Answer

Limited resources

Answer

Technological obstacles

Question 34

Which supply chain resilience strategy focuses on creating multiple sources of supply, transportation routes, and production facilities?

Accepted Answer

Diversification

Answer

Just-in-time

Answer

Centralization

Question 35

Which supply chain design approach is best known for its ability to adapt to unexpected changes and disruptions?

Accepted Answer

Agile supply chain

Answer

Lean manufacturing

Answer

Just-in-time inventory

Answer

Mass customization

Question 36

Which of the following is NOT a primary component of a supply chain?

Accepted Answer

Advertising

Answer

Logistics

Answer

Inventory management

Answer

Procurement

Question 37

The overarching goal of supply chain management is to:

Accepted Answer

Optimize the movement of goods and services to fulfill customer demand

Answer

Increase market share at any cost

Answer

Reduce production expenses exclusively

Question 38

A management strategy in supply chain management that entails forming long-term alliances with suppliers is:

Accepted Answer

Vendor managed inventory (VMI)

Answer

Kanban

Answer

Just-in-time (JIT) inventory

Answer

Enterprise resource planning (ERP)

Question 39

The concept of minimizing inventory levels and ordering only when necessary is referred to as:

Accepted Answer

Just-in-time (JIT)

Answer

Vendor managed inventory (VMI)

Answer

Economic order quantity (EOQ)

Answer

Kanban

Question 40

Which of the following is NOT a potential benefit of effective supply chain management?

Accepted Answer

Increased customer complaints

Answer

Enhanced agility

Answer

Improved customer service

Answer

Reduced overall costs

Question 41

A performance measure used to evaluate how efficiently inventory is being managed is:

Accepted Answer

Inventory days of supply

Answer

Return on investment (ROI)

Answer

Earnings per share (EPS)

Answer

Customer satisfaction index (CSI)

Question 42

The practice of sharing real-time inventory data with suppliers over computer networks is known as:

Accepted Answer

Electronic data interchange (EDI)

Answer

Blockchain technology

Answer

Barcoding

Answer

Radio frequency identification (RFID)

Question 43

Sustainable supply chain management involves:

Accepted Answer

Incorporating environmental and social considerations throughout the supply chain

Answer

Prioritizing short-term profits over long-term sustainability

Answer

Outsourcing production to countries with lax environmental regulations

Question 44

Which of the following is NOT a primary component of supply chain management?

Accepted Answer

Market research

Answer

Logistics

Answer

Inventory management

Answer

Procurement

Question 45

A company that outsources non-core activities to third-party providers is implementing which supply chain management strategy?

Accepted Answer

Tiering

Answer

Vertical integration

Answer

Horizontal integration

Answer

Centralization

Question 46

Which technique is used to reduce inventory waste by synchronizing supply with demand?

Accepted Answer

Just-in-time (JIT) inventory

Answer

Economic order quantity (EOQ)

Answer

First-in, first-out (FIFO)

Answer

Last-in, first-out (LIFO)

Question 47

A company that relies on a single supplier for its raw materials is employing which type of sourcing strategy?

Accepted Answer

Single sourcing

Answer

Vendor-managed inventory

Answer

Multiple sourcing

Answer

Blanket order contract

Question 48

Which of the following is a key performance indicator (KPI) used to measure the effectiveness of a supply chain?

Accepted Answer

Inventory turnover ratio

Answer

Marketing return on investment (ROI)

Answer

Gross domestic product (GDP)

Answer

Human resources (HR) turnover rate

Question 49

Which of the following is NOT a key component of supply chain management?

Accepted Answer

Product development

Answer

Sourcing

Answer

Inventory management

Answer

Logistics

Question 50

What is the primary goal of inventory management?

Accepted Answer

To minimize inventory levels while ensuring availability.

Answer

To increase inventory levels to meet future demand.

Answer

To maximize revenue from inventory sales.

Question 51

Which of the following is a benefit of effective supply chain management?

Accepted Answer

Improved customer service

Answer

Limited flexibility to respond to changes

Answer

Increased production costs

Answer

Reduced operational efficiency

Question 52

What is the Just-in-Time (JIT) supply chain management strategy?

Accepted Answer

Delivering materials as they are needed for production.

Answer

Outsourcing all production processes to external suppliers.

Answer

Stockpiling excess inventory to meet future demand.

Question 53

Which of the following is a key performance indicator (KPI) for supply chain management?

Accepted Answer

Inventory turnover ratio

Answer

Gross profit margin

Answer

Return on investment (ROI)

Answer

Net promoter score (NPS)

Question 54

What is the role of technology in supply chain management?

Accepted Answer

To streamline communication and data sharing.

Answer

To eliminate the need for physical inventory.

Answer

To replace human labor in all aspects of the supply chain.

Answer

To increase the complexity and cost of supply chain operations.

Question 55

Which of the following is a potential challenge in supply chain management?

Accepted Answer

Political instability in supplier countries

Answer

High levels of staff motivation

Answer

Low demand for products

Answer

Efficient transportation networks

Question 56

What is the impact of globalization on supply chain management?

Accepted Answer

Increased complexity and interdependence of supply chains.

Answer

Elimination of cultural differences in business practices

Answer

Reduced need for international trade

Question 57

Which of the following is a benefit of outsourcing in supply chain management?

Accepted Answer

Access to specialized expertise and resources.

Answer

Reduced overall production costs

Answer

Elimination of all risks associated with production.

Answer

Increased control over the entire supply chain.

Question 58

What is the role of ethics in supply chain management?

Accepted Answer

To ensure responsible and sustainable practices throughout the supply chain.

Answer

To avoid legal liabilities

Answer

To maximize profits at all costs