Management Sciences MCQs
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
Inventory Control Systems MCQs What is the main objective of an Inventory Control System? a) To minimize the cost of production b) To maintain optimal inventory levels to meet customer demand while minimizing holding costs c) To increase the number of suppliers d) To enhance marketing strategies Answer: b) To maintain optimal inventory levels to … Read more
Inventory Management MCQs What is the primary goal of inventory management? a) To increase inventory levels b) To reduce production costs c) To balance inventory levels to meet customer demand while minimizing carrying costs d) To enhance supplier relationships Answer: c) To balance inventory levels to meet customer demand while minimizing carrying costs Which of … Read more
Total Quality Management (TQM) MCQs What is the primary goal of Total Quality Management (TQM)? a) To reduce production costs b) To achieve long-term success by improving quality and meeting customer expectations c) To increase inventory levels d) To manage supplier relationships Answer: b) To achieve long-term success by improving quality and meeting customer expectations … Read more
Quality Management MCQs What is the primary goal of Quality Management in a supply chain? a) To reduce production costs b) To ensure that products and services meet or exceed customer expectations c) To increase inventory levels d) To manage supplier relationships Answer: b) To ensure that products and services meet or exceed customer expectations … Read more
Material Requirements Planning (MRP) MCQs What is the primary purpose of Material Requirements Planning (MRP)? a) To manage employee performance b) To forecast future sales c) To ensure that materials and components are available for production when needed d) To design new products Answer: c) To ensure that materials and components are available for production … Read more