Supply Chain Management Flashcards
7 cards from real MEM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Supply Chain Management flashcards as text
Which supply chain design principle suggests that the decoupling point should be positioned to separate demand-driven from forecast-driven production?
Answer: Postponement strategy
Postponement delays final product differentiation as close to actual demand as possible, reducing forecast risk while maintaining responsiveness.
In the context of supply chain sustainability, the 'triple bottom line' framework evaluates performance across which three dimensions?
Answer: Economic, environmental, and social
The triple bottom line assesses organizational performance simultaneously through economic (profit), environmental (planet), and social (people) lenses.
Which logistics term refers to the movement of goods from end customers back through the supply chain for returns, recycling, or disposal?
Answer: Reverse logistics
Reverse logistics manages the flow of goods moving upstream—from consumer back to manufacturer—for returns, repairs, remanufacturing, or recycling.
Which analytical tool is commonly used to evaluate supplier performance across multiple criteria simultaneously?
Answer: Weighted scoring model
A weighted scoring model allows decision-makers to assign importance weights to multiple criteria and calculate a composite score for each supplier.
Supply chain visibility is most directly enhanced by implementing which technology?
Answer: Internet of Things (IoT) with real-time tracking
IoT sensors and real-time tracking devices enable end-to-end visibility into product location, condition, and movement across the supply chain.
Which sourcing strategy involves a buyer working with a supplier located in a nearby country to reduce lead times and geopolitical risk?
Answer: Nearshoring
Nearshoring involves relocating supply operations to neighboring or geographically close countries, balancing cost savings with shorter lead times and reduced risk.
The 'order-to-delivery cycle time' metric in supply chain management measures:
Answer: Time from receiving a customer order to delivering it
Order-to-delivery cycle time captures the total elapsed time from when a customer places an order until the goods are delivered, reflecting supply chain responsiveness.