Supply Chain Management Part 2

• Supply Chain Management
• Special Education

Your distribution centre has too much inventory. Which is a problem with having too much inventory?

1. Products can become obsolete
2. Company's capital in inventory is sitting on shelves
3. Storage space utilisation
4. All of the above

What is the term for selecting and creating contracts with suppliers while making sure all supplies are available when needed?

1. Forecasting
2. Procurement
3. Distribution
4. Logistics

A business' supply chain includes _________________.

1. all companies involved in the inbound flow
2. all companies involved in the outbound flow
3. all processes from raw materials to consumption
4. all of the above

Which of the following statements is TRUE?

1. Logistics and Supply Chain are same
2. Logistics is a subset of Supply Chain
3. Transportation and Logistics are same
4. Supply Chain is a subset of Logistics

For products with a high level of uncertainty in demand, the following strategy is suitable ____?

1. Use of a faster mode of transportation
2. Use of a slower mode of transportation
3. Keeping a higher amount of safety stock
4. A & C

Which mode of transportation is considered to be the most expensive?

1. Air
2. Sea
3. Road
4. Pipeline

Which one of the following contributes to the customer service from the perspective of a supply chain?

1. Delivery reliability
2. Responsiveness
3. Order delivery lead time
4. All of the above

Which terms provides storage facilities for raw materials and finished goods while ensuring a balanced flow of goods needed to keep the business running.

1. Warehousing
2. Storage Handling
3. Factory
4. Transport Network

Which term helps companies to calculate accurate inventory levels?

1. Procurement
2. Supply Chain Management
3. Warehouse Management System
4. None of the above

The best strategy of minimizing the amount of safety inventory to be kept in a store without hurting the level of customer service is _____?

1. minimizing the uncertainty in demand
2. minimizing the uncertainty in supply
3. increasing the supply lead time
4. none of the above