Reference no: EM13383132

1. The key metrics that best indicate the overall effectiveness of a company's supply chain are

A. Three years return on assets, inventory turnover, and three years revenue growth
B. Five years revenue growth, good talent to do the job, five years of returns on assets
C. Three years of no loss of a customer, three years of profit, employees that go over and above their job requirements.
D. Income, expenses, and cost of sales.

2. Coordinating assets to optimize the delivery of goods, services, and information from supplier to customer, balancing supply and demand is known as:
A. Economic Order Point
B. Economic Resource Planning
C. Supply Chain Planning
D. Supply Chain Optimizing

3. Technology that enables manufacturers to manage and share complex design and production information across an extended enterprise, with the goal of streamlining the production development process is known as:
A. Production process system Management
B. Product Life Cycle Management
C. Supply Chain Management
D. Operations Management

4. A simple supply chain structure includes
A. Ultimate supplier, Manufacturer, and Retailer
B. Company, Service Provider, and Customer
C. Supplier, Company, and Customer
D. Logistics Provider, Finance Provider, and Business Customer

5. There are four basic methods to use when doing forecasting. The method that assumes that demand is strongly related to particular environmental or market factors is called

A. Qualitative
B. Casual
C. Time Series
D. Simulation

6. Your company has ordered parts from EFG Corporation. The items arrive at your dock and they are damaged. The process that has to take place to get the product returned to EFG for replacement or credit is known as
A. Scrap material process
B. Debit Memo
C. Reverse Logistics
D. Supply chain reversal

7. The first important step in a company's strategy for supply chain excellence is

A. Picking the right leaders and developing supply chain talent
B. Making sure the company can survive
C. Ensuring you have enough product to sell
D. Making sure management can define Supply Chain

8. Four cross-functional problems that can stagnate a supply chain are:

A. Too many employees, too many suppliers, long vacations by employees, no quality department
B. Too much obsolete inventory, excessive product complexity, poor forecasts, and ineffective demand management.
C. Too many products, long lead to manufacture, no customer communication, no internal collaboration.
D. New products, too many orders to ship, high volume of customer complaints, no external collaboration

9. One of the goals of establishing supply chain excellence is to:

A. Become the most important area in the organization
B. Strive for management recognition
C. Drive economic profit and shareholder value
D. Always be prepared for an audit

Attachment:- Supply-Chain-Management.rar