SUPPLY CHAIN MANAGEMENT EXAMS SET
FEATURING SOLVED QUESTIONS AND
ACCURACY CHECKED ANSWERS
●● What is the supplier relationship like when the vendor is viewed as
an adversary?
Answer: - There are many suppliers who are pitted against one another.
- Cost is the primary driver and quality inspection is performed by buyer.
●● Put the main steps of the purchasing cycle in order from 1 to 5 with 1
being the first step and 5 being the last.
Answer: 1. Receive the requisition.
2. Select a supplier.
3. Place an order.
4. Monitor the order.
5. Receive the order.
●● At $100 billion a year in value, US companies want to recover value
from returned products instead of discarding them. What are some of the
ways this can be accomplished?
Answer: - Repairing defective products to resell as reconditioned.
- Disassembling obsolete parts and harvesting for re-use.
- Recycling the materials of returned products.
, ●● What is a positive factor related to globalization of supply chains?
Answer: Technological advances in communications linking operations
world-wide.
●● What is meant by the term "reverse logistics?"
Answer: The return of goods from customers.
The process of physically retrieving and transporting returned items
back to the company or a third-party handler.
●● Supply chains make use of various forms of facilities. Select all the
examples of facilities from the list below.
Answer: - Distribution centers
- Factories
- Retail outlets
- Warehouses
●● Which of the below is the goal of supply chain management?
Answer: To match supply and demand as efficiently as possible.
●● The back end of e-Commerce, order fulfillment, involves what
activities?
FEATURING SOLVED QUESTIONS AND
ACCURACY CHECKED ANSWERS
●● What is the supplier relationship like when the vendor is viewed as
an adversary?
Answer: - There are many suppliers who are pitted against one another.
- Cost is the primary driver and quality inspection is performed by buyer.
●● Put the main steps of the purchasing cycle in order from 1 to 5 with 1
being the first step and 5 being the last.
Answer: 1. Receive the requisition.
2. Select a supplier.
3. Place an order.
4. Monitor the order.
5. Receive the order.
●● At $100 billion a year in value, US companies want to recover value
from returned products instead of discarding them. What are some of the
ways this can be accomplished?
Answer: - Repairing defective products to resell as reconditioned.
- Disassembling obsolete parts and harvesting for re-use.
- Recycling the materials of returned products.
, ●● What is a positive factor related to globalization of supply chains?
Answer: Technological advances in communications linking operations
world-wide.
●● What is meant by the term "reverse logistics?"
Answer: The return of goods from customers.
The process of physically retrieving and transporting returned items
back to the company or a third-party handler.
●● Supply chains make use of various forms of facilities. Select all the
examples of facilities from the list below.
Answer: - Distribution centers
- Factories
- Retail outlets
- Warehouses
●● Which of the below is the goal of supply chain management?
Answer: To match supply and demand as efficiently as possible.
●● The back end of e-Commerce, order fulfillment, involves what
activities?
