SUPPLY CHAIN MANAGEMENT UPDATED
ACTUAL QUESTIONS AND CORRECT
ANSWERS COMPREHENSIVE STUDY GUIDE
●● Which of the following activities in the supply chain is an
operational responsibility?
Answer: order fulfillment
●● Firms are encouraged to adopt a ________ ________ to their supply
chains where they make decisions that are optimal for the supply chain
as a whole.
Answer: System approach
●● Put the main steps of the purchasing cycle in order from 1 to 5?
Answer: 1. receive the requisition
2. select a supplier
3. place an order
4. monitor the order
5. receive the order
●● What is meant by the term "reverse logistics"
Answer: the return of goods from customers.
, ●● ______ is the ability of a firm to recover quickly from a supply chain
disruption
Answer: resiliency
●● Products are sometimes returned to companies or to third party
handlers for which reasons?
Answer: obsolete or recalled items
unsold or obsolete products
defective items or parts replaced in the field
●● A top management responsibility with respect to supply chains is the
distribution strategy. What does this area of responsibility entail?
Answer: Deciding whether or not to centralize or decentralize
distribution and if a third party logistics company should be hired.
●● The five components of supply chain management are what?
Answer: Logistics
Demand management
Supply management
Strategy
Procurement
ACTUAL QUESTIONS AND CORRECT
ANSWERS COMPREHENSIVE STUDY GUIDE
●● Which of the following activities in the supply chain is an
operational responsibility?
Answer: order fulfillment
●● Firms are encouraged to adopt a ________ ________ to their supply
chains where they make decisions that are optimal for the supply chain
as a whole.
Answer: System approach
●● Put the main steps of the purchasing cycle in order from 1 to 5?
Answer: 1. receive the requisition
2. select a supplier
3. place an order
4. monitor the order
5. receive the order
●● What is meant by the term "reverse logistics"
Answer: the return of goods from customers.
, ●● ______ is the ability of a firm to recover quickly from a supply chain
disruption
Answer: resiliency
●● Products are sometimes returned to companies or to third party
handlers for which reasons?
Answer: obsolete or recalled items
unsold or obsolete products
defective items or parts replaced in the field
●● A top management responsibility with respect to supply chains is the
distribution strategy. What does this area of responsibility entail?
Answer: Deciding whether or not to centralize or decentralize
distribution and if a third party logistics company should be hired.
●● The five components of supply chain management are what?
Answer: Logistics
Demand management
Supply management
Strategy
Procurement
