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Which factor is crucial for successful inventory turnover?
Which factor is crucial for successful inventory turnover?A . High inventory levelsB . Accurate demand forecastingC . Long lead timesD . Multiple warehouse locationsView AnswerAnswer: B
Which role does logistics management play in the supply chain?
Which role does logistics management play in the supply chain?A . Marketing productsB . Managing the transportation and storage of goodsC . Designing product packagingD . Developing new productsView AnswerAnswer: B
Which of the following is critical for ensuring supply chain sustainability?
Which of the following is critical for ensuring supply chain sustainability?A . Maximizing shortterm profitsB . Ignoring environmental regulationsC . Implementing ecofriendly practicesD . Reducing supply chain visibilityView AnswerAnswer: C
What is the primary goal of supply chain management?
What is the primary goal of supply chain management?A . Maximizing production outputB . Minimizing costs while maximizing customer valueC . Increasing employee satisfactionD . Expanding market shareView AnswerAnswer: B
Which technology is pivotal for realtime supply chain tracking?
Which technology is pivotal for realtime supply chain tracking?A . BlockchainB . Manual recordkeepingC . Paperbased systemsD . Outsourcing logisticsView AnswerAnswer: A
Identify the benefit of using predictive analytics in supply chain management.
Identify the benefit of using predictive analytics in supply chain management.A . Increasing forecast errorsB . Reducing operational costs and improving accuracyC . Limiting data insightsD . Increasing supply chain complexityView AnswerAnswer: B
Select the primary reason for implementing a supply chain management software.
Select the primary reason for implementing a supply chain management software.A . To increase marketing effortsB . To improve supply chain visibility and efficiencyC . To reduce product development timeD . To expand the workforceView AnswerAnswer: B
What is a bullwhip effect in supply chain management?
What is a bullwhip effect in supply chain management?A . Consistent demand across all levels of the supply chainB . Fluctuations in order quantities that increase upstreamC . Predictable inventory levels throughout the supply chainD . Decreased variability in customer ordersView AnswerAnswer: B
What is the function of an enterprise resource planning (ERP) system in supply chains?
What is the function of an enterprise resource planning (ERP) system in supply chains?A . Managing employee benefitsB . Integrating various business processes and information flowsC . Enhancing marketing strategiesD . Reducing supplier engagementView AnswerAnswer: B
What impact does globalization have on supply chain management?
What impact does globalization have on supply chain management?A . It simplifies logistics and transportationB . It decreases the need for supply chain managementC . It introduces additional complexity and risksD . It reduces the importance of inventory controlView AnswerAnswer: C
