Question 1
All of the following are key components of the definition of supply chain management, EXCEPT:
A. monitoring of supply chain activities with the objective of creating net value
B. synchronizing of supply and demand
C. building a competitive infrastructure
D. selecting suppliers
Question 2
Which of the following is a key supply chain process?
A. forecast
B. source
C. benchmark
D. analyze
Question 3
Supply chains create value by:
A. increasing profitability and return to shareholders
B. providing multiple variants of products for customers
C. making transaction processing more efficient
D. developing more accurate forecasts
Question 4
Which of the following is not an “entity” of a supply chain?
A. producer
B. supplier
C. customer
D. manager
Question 5
Which of the following describes the typical flow of cash in a supply chain?
A. customer to producer to supplier
B. producer to customer to supplier
C. supplier to producer to customer
D. customer to supplier to producer
Question 6
Suppliers provide all of the following to a supply chain, EXCEPT:
A. materials
B. energy
C. services
D. demand
Question 7
All of the following describe a supply chain flow, EXCEPT:
A. the flow of physical materials and services from supplier to other entities
B. the flow of cash upstream to raw material suppliers
C. the flow of information within a supply chain
D. the flow of employees from one department to another
Question 8
Reverse supply chain is employed for the following reasons, EXCEPT:
A. repairs
B. disposal
C. recycling
D. quality control
Question 9
Tier 2 suppliers:
A. provide materials or services to suppliers of the producer
B. provide lower quality raw materials
C. serve only as a back-up to Tier 1 suppliers
D. supply raw materials to the secondary products of a company
Question 10
Which of the following best describes the term lateral supply chain?
A. processes are