What is the primary goal of a supply chain strategy? a) Increasing production capacity
b) Reducing transportation costs
c) Aligning the supply chain with the business strategy to achieve competitive advantage
d) Enhancing employee productivity Answer: c) Aligning the supply chain with the business strategy to achieve competitive advantage
Which of the following supply chain strategies focuses on responsiveness and flexibility to meet customer needs? a) Lean supply chain
b) Agile supply chain
c) Push supply chain
d) Pull supply chain Answer: b) Agile supply chain
What does a push supply chain strategy primarily rely on? a) Customer orders
b) Forecasted demand
c) Supplier capabilities
d) Market research Answer: b) Forecasted demand
Which supply chain design aims to minimize inventory and reduce waste through continuous improvement? a) Agile supply chain
b) Lean supply chain
c) Hybrid supply chain
d) Resilient supply chain Answer: b) Lean supply chain
What is the main focus of a pull supply chain strategy? a) Producing goods based on forecasted demand
b) Reducing production costs
c) Manufacturing products in response to actual customer demand
d) Increasing supplier base Answer: c) Manufacturing products in response to actual customer demand
Which strategy is best suited for products with predictable demand and long life cycles? a) Agile supply chain
b) Lean supply chain
c) Push supply chain
d) Pull supply chain Answer: b) Lean supply chain
What is a hybrid supply chain strategy? a) A combination of lean and agile strategies to optimize both efficiency and flexibility
b) A method of outsourcing production to multiple suppliers
c) A strategy focused on reducing inventory levels
d) A technique for improving supplier relationships Answer: a) A combination of lean and agile strategies to optimize both efficiency and flexibility
Which of the following is a key consideration in supply chain network design? a) Marketing strategies
b) Distribution center locations
c) Product development cycles
d) Employee training programs Answer: b) Distribution center locations
What is the main benefit of a centralized distribution network? a) Increased local responsiveness
b) Lower transportation costs
c) Reduced lead times
d) Higher inventory levels Answer: b) Lower transportation costs
Which strategy involves suppliers and customers working closely together to optimize the supply chain? a) Collaborative planning, forecasting, and replenishment (CPFR)
b) Just-in-Time (JIT)
c) Economic Order Quantity (EOQ)
d) Vendor Managed Inventory (VMI) Answer: a) Collaborative planning, forecasting, and replenishment (CPFR)
What is the main objective of supply chain segmentation? a) To treat all customers the same
b) To standardize supply chain processes
c) To tailor supply chain strategies to different customer needs and product characteristics
d) To reduce the number of suppliers Answer: c) To tailor supply chain strategies to different customer needs and product characteristics
Which of the following factors is critical for designing a resilient supply chain? a) Cost minimization
b) Flexibility and adaptability
c) Standardization of products
d) Long product life cycles Answer: b) Flexibility and adaptability
What is the primary focus of total cost of ownership (TCO) in supply chain design? a) Initial purchase price
b) Ongoing operational costs
c) The overall cost of acquiring, operating, and disposing of a product
d) Supplier negotiation strategies Answer: c) The overall cost of acquiring, operating, and disposing of a product
Which supply chain strategy is most effective for products with high demand variability and short life cycles? a) Lean supply chain
b) Agile supply chain
c) Push supply chain
d) Centralized supply chain Answer: b) Agile supply chain
What is the main benefit of using an adaptive supply chain strategy? a) Reduced need for inventory
b) Improved ability to respond to changes in demand and supply conditions
c) Increased supplier base
d) Lower transportation costs Answer: b) Improved ability to respond to changes in demand and supply conditions
Which of the following is a key driver of supply chain design decisions? a) Employee satisfaction
b) Market dynamics
c) Supplier loyalty
d) Product standardization Answer: b) Market dynamics
What is a critical factor in the design of a sustainable supply chain? a) Maximizing profits
b) Minimizing environmental impact
c) Increasing product variety
d) Reducing employee turnover Answer: b) Minimizing environmental impact
Which supply chain strategy focuses on balancing efficiency and responsiveness? a) Agile supply chain
b) Lean supply chain
c) Hybrid supply chain
d) Resilient supply chain Answer: c) Hybrid supply chain
Which of the following is a key advantage of decentralizing the supply chain network? a) Lower inventory levels
b) Reduced lead times and increased local responsiveness
c) Higher transportation costs
d) Increased standardization of processes Answer: b) Reduced lead times and increased local responsiveness
What does postponement in supply chain strategy refer to? a) Delaying product customization until the latest possible point in the supply chain
b) Increasing production rates
c) Centralizing distribution centers
d) Reducing supplier base Answer: a) Delaying product customization until the latest possible point in the supply chain