Supply Chain Management Part 1

• Supply Chain Management
• Special Education

What is Logistics?

1. The system of creating plans for an organization.
2. Managing the flow and storage of goods from their point of origin to the point of consumption.
3. None of the above
4. The implementation of policies and procedures

Which player helps to manage the e-commerce logistics processes for example, inventory management and warehousing?

1. Distributors
2. Third Party Logistics
3. Retailers
4. Suppliers

What is the term for the amount of time between when the customer orders the product and when it is delivered?

1. Production Time
2. Manufacturing Time
3. Lead Time
4. Risk

Which component is NOT in Logistics Management?

1. Warehousing
2. Sourcing
3. Inbound & Outbound Transport
4. Inventory

Which of the following is NOT an element of supply chain management?

1. Distribution & Transportation
2. Inventory
3. Production
4. Labour

Which key player in the Supply Chain network triggers the flow of goods

1. Distributors
2. Suppliers
3. Customers
4. Third Party Logistics

The objective of a supply chain is _______.

1. to improve the efficiency across the whole supply chain
2. to improve responsiveness across the whole supply chain
3. to deliver improved value to the customers
4. all of the above

Which of the following sequence is true?

1. Sourcing → Inbound logistics → Conversion into finished goods → Outbound logistics → Retailing
2. Sourcing → Conversion into finished goods → Inbound logistics → Outbound logistics → Retailing
3. Sourcing → Outbound logistics → Conversion into finished goods → Inbound logistics → Retailing
4. Sourcing → Inbound logistics → Outbound logistics → Conversion into finished goods → Retailing

Which term represents the 'middleman' between the manufacturer and retailer?

1. Consumers
2. Suppliers
3. Distributors
4. Company

Which of these does NOT affect lead time?

1. Documents Preparation
2. Ordering Level
3. Amount of supplies on hand
4. All of the above