SUPPLY CHAIN MANAGEMENT EXAMINATION
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION GRADED A+ STUDY GUIDE SOUTHERN
NEW HAMPSHHIRE UNIVERSITY
1. Supply Chain Management (SCM) refers to:
A. Managing only transport
B. Managing flow of goods, information, and finances
C. Cooking operations
D. Hiring employees only
Answer: B
SCM involves coordinating all activities from suppliers to customers.
2. The main objective of supply chain management is to:
A. Increase delays
B. Deliver products efficiently and cost-effectively
C. Reduce production
D. Stop logistics
Answer: B
It ensures efficient delivery at low cost.
3. The supply chain starts with:
A. Customer
B. Supplier
C. Warehouse
D. Retailer
Answer: B
Suppliers provide raw materials first.
4. The final stage of supply chain is:
,A. Supplier
B. Customer
C. Manufacturer
D. Transporter
Answer: B
Customers receive the final product.
5. Logistics refers to:
A. Cooking process
B. Movement and storage of goods
C. Hiring employees
D. Marketing ads
Answer: B
Logistics handles movement and storage.
6. Procurement means:
A. Selling goods
B. Purchasing goods and services
C. Delivering goods
D. Advertising products
Answer: B
It is the buying process.
7. Inventory refers to:
A. Employees
B. Stored goods
C. Salaries
D. Machines only
Answer: B
Inventory is stock of goods.
8. Supply chain integration means:
, A. Separating departments
B. Coordinating all supply chain activities
C. Ignoring suppliers
D. Random operations
Answer: B
Integration ensures coordination.
9. A supplier is:
A. Customer
B. Provider of goods/services
C. Warehouse
D. Transporter
Answer: B
Suppliers provide inputs.
10. Demand forecasting is:
A. Guessing randomly
B. Predicting future customer demand
C. Ignoring demand
D. Cooking plan
Answer: B
It predicts demand.
11. Just-In-Time (JIT) means:
A. Stocking excess inventory
B. Receiving goods only when needed
C. Ignoring suppliers
D. Overproduction
Answer: B
JIT reduces inventory waste.
12. Supply chain efficiency means:
QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION GRADED A+ STUDY GUIDE SOUTHERN
NEW HAMPSHHIRE UNIVERSITY
1. Supply Chain Management (SCM) refers to:
A. Managing only transport
B. Managing flow of goods, information, and finances
C. Cooking operations
D. Hiring employees only
Answer: B
SCM involves coordinating all activities from suppliers to customers.
2. The main objective of supply chain management is to:
A. Increase delays
B. Deliver products efficiently and cost-effectively
C. Reduce production
D. Stop logistics
Answer: B
It ensures efficient delivery at low cost.
3. The supply chain starts with:
A. Customer
B. Supplier
C. Warehouse
D. Retailer
Answer: B
Suppliers provide raw materials first.
4. The final stage of supply chain is:
,A. Supplier
B. Customer
C. Manufacturer
D. Transporter
Answer: B
Customers receive the final product.
5. Logistics refers to:
A. Cooking process
B. Movement and storage of goods
C. Hiring employees
D. Marketing ads
Answer: B
Logistics handles movement and storage.
6. Procurement means:
A. Selling goods
B. Purchasing goods and services
C. Delivering goods
D. Advertising products
Answer: B
It is the buying process.
7. Inventory refers to:
A. Employees
B. Stored goods
C. Salaries
D. Machines only
Answer: B
Inventory is stock of goods.
8. Supply chain integration means:
, A. Separating departments
B. Coordinating all supply chain activities
C. Ignoring suppliers
D. Random operations
Answer: B
Integration ensures coordination.
9. A supplier is:
A. Customer
B. Provider of goods/services
C. Warehouse
D. Transporter
Answer: B
Suppliers provide inputs.
10. Demand forecasting is:
A. Guessing randomly
B. Predicting future customer demand
C. Ignoring demand
D. Cooking plan
Answer: B
It predicts demand.
11. Just-In-Time (JIT) means:
A. Stocking excess inventory
B. Receiving goods only when needed
C. Ignoring suppliers
D. Overproduction
Answer: B
JIT reduces inventory waste.
12. Supply chain efficiency means:
