Free Supply Chain Management MCQ Question and Answers

Question 1

The following uses of the reverse supply chain are EXCEPTED:

Accepted Answer

Quality control

Answer

Recycling

Answer

Repairs

Answer

Disposal

Question 2

The best way to define customer relationship management (CRM) is:

Accepted Answer

A marketing philosophy based on putting the customer first

Answer

Transactional guidelines when dealing with customers

Answer

A focus on managing long term supplier relationships

Answer

Managing customers to promote your products

Question 3

Which of the subsequent is not a justification for maintaining inventory?

Accepted Answer

To make the system less productive

Answer

To take advantage of economic purchase-order size

Answer

To meet variation in product demand

Answer

To maintain independence of operations

Question 4

What stage of a product's life cycle does financial loss typically occur?

Accepted Answer

Introduction

Answer

Growth

Answer

Decline

Answer

Maturity

Question 5

Which of the following best sums up how cash typically moves across the supply chain?

Accepted Answer

Customer to producer to supplier

Answer

Producer to customer to supplier

Answer

Customer to supplier to producer

Answer

Supplier to producer to customer

Question 6

Supply chains add value through

Accepted Answer

Increasing profitability and return to shareholders

Answer

Developing more accurate forecasts

Answer

Making transaction processing more efficient

Answer

Providing multiple variants of products for customers

Question 7

The minimum and maximum stock levels that govern when and how much of a reorder is placed are known as:

Accepted Answer

Reorder points

Answer

Turn over

Answer

Purchase order

Answer

POS