u930973931_answers

MCQs on Demand Management in Supply Chain What is the primary objective of demand management in supply chain management? a) To increase production capacity b) To match supply with customer demand c) To reduce marketing expenses d) To improve employee productivity Answer: b) To match supply with customer demand Which of the following is NOT … Read more

MCQs on Sales and Operations Planning (S&OP) in Supply Chain What is the primary objective of Sales and Operations Planning (S&OP)? a) To reduce marketing expenses b) To align production and supply with demand forecasts c) To increase the number of suppliers d) To improve employee productivity Answer: b) To align production and supply with … Read more

MCQs on Forecasting Techniques in Supply Chain Which forecasting technique relies on expert judgment rather than numerical data? a) Time series analysis b) Delphi method c) Exponential smoothing d) Linear regression Answer: b) Delphi method What is the main advantage of using quantitative forecasting methods over qualitative methods? a) They are easier to implement b) … Read more

MCQs on Demand Forecasting and Planning in Supply Chain What is the primary objective of demand forecasting in supply chain management? a) To increase the number of suppliers b) To predict future customer demand c) To reduce employee turnover d) To maximize marketing efforts Answer: b) To predict future customer demand Which of the following … Read more

MCQs on Contract Management in Supply Chain What is the primary objective of contract management in supply chain? a) To reduce the number of suppliers b) To ensure compliance with terms and conditions c) To increase inventory levels d) To enhance employee performance Answer: b) To ensure compliance with terms and conditions Which of the … Read more

MCQs on Strategic Sourcing in Supply Chain What is the primary objective of strategic sourcing? a) To find the lowest cost suppliers b) To develop long-term relationships with suppliers c) To reduce the number of suppliers d) To streamline the procurement process Answer: b) To develop long-term relationships with suppliers Which of the following is … Read more

MCQs on Supplier Selection and Evaluation in Supply Chain What is the primary objective of supplier selection? a) To reduce the number of suppliers b) To ensure the lowest possible price c) To identify the best supplier who meets the organization’s requirements d) To expedite the procurement process Answer: c) To identify the best supplier … Read more

MCQs on Procurement and Sourcing in Supply Chain What is the primary goal of procurement in supply chain management? a) Reducing employee turnover b) Ensuring timely delivery of goods and services c) Maximizing sales revenue d) Increasing market share Answer: b) Ensuring timely delivery of goods and services Which of the following is NOT a … Read more

1. What is the primary objective of Just-in-Time (JIT) inventory management? A. To minimize inventory levels and reduce waste B. To maximize the number of suppliers C. To increase the amount of safety stock D. To prolong lead times Answer: A. To minimize inventory levels and reduce waste 2. Which of the following is a … Read more

1. What is the primary purpose of the Economic Order Quantity (EOQ) model? A. To determine the optimal order quantity that minimizes the total inventory costs B. To maximize the sales revenue C. To reduce the lead time for order deliveries D. To increase the market share Answer: A. To determine the optimal order quantity … Read more