It is the management of the flow of goods and services and includes all processes that transform raw materials into final products. a. Supply Chain b. Supply Chain System c. Supply Chain Management d. Supply Chain Network

How Supply Chain Management works? a. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace b. It represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible. c. It is the management of the flow of goods and services and excludes all processes that transform raw materials into final products. d. It minimizes the cost, waste, and time in the production cycle.

3. It is a supply chain model that relies on a manufacturer producing the same good over and over and expecting customer demand will little variation: a. Continuous Flow Model b. Agile Model c. Fast Model d. Flexible Model

This model provides the freedom to meet high-demand peaks and manage long periods of low-volume movement. a. Continuous Flow Model b. Agile Model c. Fast Model d. Flexible Model

This is often the case for highly specialized industries with high technical requirements such as automobile manufacturers. a. Efficient Model b. Custom Model c. Fast Model d. Flexible Model

This model is best for companies with unpredictable demand or customer-order products. a. Continuous Flow Model b. Fast Model c. Efficient Model d. Agile Model

He coordinates the logistics of all aspects of the supply chain. a Supply Chain Manager b. Logistics Manager c. Supply Chain Specialist d. Logistics Specialist

The four planning processes are the following, except: a.Sales and dissipation planning b. Production planning c.Material requirement planning d. Advance and scheduling planning

It entails working with vendors to supply the raw materials needed throughout the manufacturing process. a. Planning b. Delivering c. Retuning d. Sourcing

It is also known as 'Reverse Logistics'. It is one of the most important components of supply chain management to minimize the potential deterioration of relationships with customers. a. Returning b. Delivering c. Make d. Sourcing

It is an integral part of SCM that refers to the planning of the movement and storage of the goods from the producer to the end consumer. a. Logistics b. Supply Chain c. Distribution d. Delivery

Effectively coordinated logistics lead to positive business results including a. It helps businesses create value. b. It helps in increasing costs and improves efficiency. c. It helps deliver your product to the wrong place timely d. All of the above

It prevents the product from any kind of damage, deterioration, and tampering. a. Wrapping b. Packaging c. Container d. Transportation Vehicle

It is among the logistics functions that determine and identify how much stock is needed to order at what time. a. Order Processing b. Warehouse Management c. Inventory Management d. Dernand Forecasting

It involves automated routing and route optimization that tremendously saves costs and determines the success of supply chain management a. Order Processing b. Transportation c. Delivery d. Inventory Management

It is an effective way to anticipate the requirement for products or goods in the supply chain management process. a. Order Processing b. Inventory Management c. Transportation d. Demand Forecasting

It is most valuable for achieving strategic goals and strengthening the future of the logistics industry. Analyzing and understanding the logistics operations tends to simplify the overall management processes. a. Fleet Management b. Quick Response c. Material Handling d. Information and Control

The functions of logistics within Supply Chain Management include the following. except for one: a. Warehouse design and management which covers several tasks at once: from the design of storage facilities to the requirements for storage of products and ending with the introduction of various automation solutions. b. The formation of packages. c. Transportation of products that excludes work with cargo carriers and vehicles listed in the company's fleet: planning their routes, calculating fuel costs, etc. d. Working with customs.

Supply chain management with the help of logistics tools helps to ensure a consistently high level of customer service with some increase in the cost of extracting raw materials, storing, transporting, and selling goods/services to end- users. Thus, the role of logistics in supply chain management is to carry specific values. a. The first statement is correct while the second statement is incorrect. b. The second statement is correct while the first statement is incorrect c. Both statements are correct. d. Both statements are incorrect.

The following are values logistics provides to the Supply Chain Business, except for one. a. Ensuring the smooth operation of all parts of the supply chain. b. Release of labor resources. c. Coverage of old target audience. d. Net cost reduction.

Which of the following is a function of logistics within Supply Chain Management? a. Improving the quality of service. b. Reduction of actual losses and reduction of possible income. c. Maximizing the need for intermediary services. d. Supporting goods with unnecessary documentation.

In an organization's division, is viewed as part of the supply chain process that plans, implements, and controls the efficient, effective flow, and storage of goods, services, and related information from the point of use or consumption to meet customer requirements. a. Military Logistics b. Business Logistics c. Event Logistics d. Service Logistics

Which of the following statements is true about logistics? a. The success of an organization solely depends on the efficient role of logistics in supply chain management. b. It comprises activities related to business processes such as procurement, manufacturing, storing, maintenance, distribution, and so on. c. It plays an essential role in determining how resources are acquired, stored, and transported in a costly manner to the final destination for fulfilling customer demands. d. Logistics is an aspect of the supply chain that has multiple roles and functions which hampers the overall growth of operations.

The following are the roles of logistics in Supply Chain Management, except for: a. Order Processing b. Warehouse Management c. Return Management d. Inventory Management

The total expenses incurred by an organization when transporting a product is what we call a logistics cost. a. Logistics Cost b. Transport Cost c. Delivery Cost d. Supply Chain Cost

The following are the factors affecting the cost and importance of Logistics. Except for one a. Competition via Customer Service b. Spatial Relationship c.Product Factors d. Special Handling Equipment

Which of the following statements is correct? a. Shorter order cycle, more inventory required. b. More alternative products and higher customer service levels are required. c. Increase inventory, increase cost of lost sales. d. increase transportation costs, and reduce the cost of lost sales.

This product factor states that the greater the risk of damage, the higher the transportation and warehousing cost. a. Dollar Value b. Density c. Damage d. Customs Value

This factor states that when the product value increases, the cost of warehousing. transportation, and inventory increases. a. Dollar Value b. Density c. Damage d. Customs Value

It is a value-added service performed by the carrier when shipping freight. a. Spatial Handling Relationships b. Product Factors c. Distance Factors d. Competition via Customer Service

Spatial Handling Relationships exclude: a. Inside or Pick-up Delivery b. Providing a jigger/pallet jack c. Protect from freeze device d. Repacking

What are the two types of logistic relationships? a. Inbound and Outbound b. Inbound or Outbound c. Inbound nor Outbound d. All of the above.

It refers to the movement of goods between businesses and their suppliers. a. Inbound Logistics b. Incoming Logistics c. In-flow logistics d. All of the above

It pertains to the flow of goods between companies and the end-user or consumer. a. Outbound Shipments b. Outbound Logistics c. Outcoming Logistics d. Reversal Logistics

It is a complex representation that encompasses all the tasks required for a movement to take place between two locations. a. Distance Factor b. Product Factors c. Special Handling Requirements d. Spatial Relationship

It is a versatile communications interface and connects machines and processes in the warehouse to an intelligent system. a. Logistics Interface b. Automated System c. Communication Network d. Smart Warehouse

It is a process of analyzing, planning, and coordinating the essential information to carry out the vital functions required to keep a company running. a. Logistics Interface b. Smart Warehouse c.Manufacturing Logistics d. Marketing Logistics

What are the 4Ps of the Marketing Mix? a. Price, Product, Promotion, People b. Price, Product, Production, Place c. Price, Product, Production, People d. Price Product, Promotion, Place

Which of the following statements best describes marketing logistics? a. It should be included in any decisions regarding product traits b. It is usually concerned with dissatisfying the customers' needs through their supply and demand functions in the marketing channel. c. It is usually concerned with satisfying the customers' wants through their supply and demand functions in the marketing channel. d. All of the above

What is the fifth fundamental step of a supply chain? a. Sourcing raw materials. b. Combining those basic parts to create a product. c. Product delivery d. Customer support and return services

What is the first fundamental step of a supply chain? a.Sourcing raw materials b. Customer support and return services c. Order fulfillment/Sales d. Combining those basic parts to create a product.

Which of the following is not a benefit of effective logistics management? a. Minimized operating income b. Better customer experience c. Improved profitability d. Intermodal operations

It is a study of the administration of customs operations and brokerages. It includes the coverage of international trade practices more particularly in the import and export industry. a. Supply Chain Management b. Logistics Management c. Customs Administration d. Customs Management

This refers to the planning, execution, and monitoring of the various stages of production in a company. a. Customer Service Management b. Production Management c. Reverse logistics Management d. Material Handling and Distribution

This relates to the movement of material and supplies from a central location e.g. a centrally located warehouse, to several other points of its requirement in an organized and timely manner where further production or distribution can continue. a. Customer Service Management b. Production Management c. Reverse logistics Management d. Material Handling and Distribution

It is also called Returns Management and refers to the handling of order returns. a. Customer Service Management b. Production Management c. Reverse logistics Management d. Material Handling and Distribution

Which of the following is not included in the core activities of logistics management? a. Order Fulfillment b. Warehousing c. Inventory Management d. Order Delivery

The following are values logistics provides to the Supply Chain Business, except for one: a. Ensuring the smooth operation of all parts of the supply chain. b. Release of labor resources. c. Coverage of old target audience. d. Net cost reduction.

Which of the following is not true about the supply chain? a. It is the network of all the individuals and organizations involved in the creation and sale of a product. b. It encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user. c. It is the network of all the resources, activities, and technology involved in the creation and sale of a product. d. Goods that go missing at any point in the chain ultimately delay the whole process and can impact customers negatively.

How Supply Chain Management works? a. It involves the active streamlining of a business's supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. b. represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible. c. It is the management of the flow of goods and services and excludes all processes that transform raw materials into final products. d. It minimizes the cost, waste, and time in the production cycle.