SUPPLY CHAIN MANAGEMENT COMPREHENSIVE QUESTION BANK WITH TESTED SOLUTIONS AND REVIEW AIDS

SUPPLY CHAIN MANAGEMENT
COMPREHENSIVE QUESTION BANK WITH
TESTED SOLUTIONS AND REVIEW AIDS

●● What are the 5 modes of transportation?
Answer: Truck, Rail, Air, Pipeline, Water


●● What are the 4 foundations of supply chain management?
Answer: Operations management, supply management, logistics
management, and integration


●● Operations Management
-Managing Internal Resources
Answer: Forecasting and Demand Planning
Planning Systems
Inventory Management
Process Management


●● Supply Management
-Managing all of the supplies and suppliers that are needed to run the
business
Answer: Purchasing Management

,Strategic Sourcing
Supplier Relationship Management


●● Logistics Management
-Managing all of the movement and storage of products and materials
within the supply chain, whether the flow is forward or reverse
Answer: Warehousing & Distribution
Transportation
International Trade Management
Customer Relationship Management
Service Response Logistics


●● Integration
-Managing all of the enabling systems necessary to facilitate the
complete integration of the operations, supply, and logistics functions
outlined above
Answer: Enabling Systems
Supply Chain Risk and Security Management
Performance Measurement
Project Management


●● Push or Make-to-stock

, Answer: Producing stock on the basis of anticipated demand. Demand
forecasting can be done via a variety of sophisticated techniques.


●● Pull or Make-to-order
Answer: Producing stock in response to actual demand


●● Supply chain management starts with understanding the flow


A. True
B. False
Answer: A. True


●● It was intense global competition that led manufactures to adopt
Supply Chain Management (SCM) and other practices such as Just-in-
Time (JIT)


A. True
B. False
Answer: A. True


●● The goal of Supply Chain Management is to increase customer
service by increasing inventory and reducing costs.