Supply Chain Analytics MCQs in Supply Chain

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MCQs on Supply Chain Analytics in Supply Chain

  1. What is the primary objective of supply chain analytics?
    • a) To increase the number of suppliers
    • b) To reduce production costs
    • c) To improve decision-making by analyzing data
    • d) To enhance employee productivity
    • Answer: c) To improve decision-making by analyzing data
  2. Which of the following is NOT a common type of supply chain analytics?
    • a) Descriptive analytics
    • b) Predictive analytics
    • c) Prescriptive analytics
    • d) Competitive analytics
    • Answer: d) Competitive analytics
  3. What does descriptive analytics focus on in supply chain management?
    • a) Predicting future trends
    • b) Providing insights on what actions to take
    • c) Analyzing historical data to understand past performance
    • d) Comparing company performance with competitors
    • Answer: c) Analyzing historical data to understand past performance
  4. Which type of analytics is used to forecast future supply chain trends?
    • a) Descriptive analytics
    • b) Predictive analytics
    • c) Prescriptive analytics
    • d) Diagnostic analytics
    • Answer: b) Predictive analytics
  5. What is the purpose of prescriptive analytics in supply chain management?
    • a) To describe past performance
    • b) To diagnose issues in the supply chain
    • c) To recommend actions to optimize supply chain performance
    • d) To forecast future demand
    • Answer: c) To recommend actions to optimize supply chain performance
  6. Which of the following techniques is commonly used in predictive analytics?
    • a) SWOT analysis
    • b) Regression analysis
    • c) PEST analysis
    • d) Benchmarking
    • Answer: b) Regression analysis
  7. What is a key benefit of using supply chain analytics?
    • a) Increased lead times
    • b) Reduced decision-making accuracy
    • c) Enhanced visibility and transparency in the supply chain
    • d) Higher operational costs
    • Answer: c) Enhanced visibility and transparency in the supply chain
  8. Which tool is commonly used for data visualization in supply chain analytics?
    • a) Microsoft Excel
    • b) SAP ERP
    • c) Tableau
    • d) QuickBooks
    • Answer: c) Tableau
  9. What does the term “big data” refer to in the context of supply chain analytics?
    • a) Small datasets that are easy to manage
    • b) Large volumes of data that can be analyzed for insights
    • c) Data from a single source
    • d) Data that is always accurate and reliable
    • Answer: b) Large volumes of data that can be analyzed for insights
  10. Which of the following is a challenge associated with implementing supply chain analytics?
    • a) Data accuracy and quality
    • b) Excessive employee satisfaction
    • c) Reduced inventory levels
    • d) Increased supplier base
    • Answer: a) Data accuracy and quality

 

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