category1
What strategy ensures multiple suppliers for the same product?
a) Vertical
b) Dual
c) Centralized
d) Decentralized
b) Dual
Which term refers to the movement of goods from suppliers to manufacturers?
a) Outbound
b) Inbound
c) Reverse
d) Just-in-time
b) Inbound
Which term refers to the ability to quickly adjust supply chain operations?
a) Efficient
b) Agile
c) Centralized
d) Forecasting
b) Agile
Which system ensures real-time tracking of inventory?
a) Barcode
b) RFID
c) FIFO
d) ERP
b) RFID
Which strategy focuses on reducing waste in the supply chain?
a) Agile
b) Lean
c) Resilient
d) Adaptive
b) Lean
What strategy involves reducing the number of suppliers to streamline operations?
a) Outsourcing
b) Vendor Consolidation
c) Procurement
d) Decoupling
b) Vendor Consolidation
Which approach balances supply with demand to optimize costs?
a) Pull
b) Push
c) S&OP
d) MRP
c) S&OP
What is the process of sourcing raw materials globally called?
a) Logistics
b) Procurement
c) Distribution
d) Warehousing
b) Procurement
Which inventory method ensures older stock is sold first?
a) LIFO
b) FIFO
c) JIT
d) EOQ
b) FIFO
What is the process of returning defective goods called?
a) Distribution
b) Reverse
c) Logistics
d) Procurement
b) Reverse
What inventory strategy reduces holding costs by ordering stock only when needed?
a) Bulk
b) Buffer
c) JIT
d) Safety
c) JIT
What is the process of monitoring and reducing environmental impact in the supply chain?
a) Logistics
b) Sustainability
c) Efficiency
d) Sourcing
b) Sustainability ✅
What term describes the risk of supply chain disruptions?
a) Lead
b) Resilience
c) Agile
d) Bottleneck
b) Resilience
Which metric measures the time between placing and receiving an order?
a) Demand
b) Lead
c) Throughput
d) Productivity
b) Lead
Which technology is used for real-time demand forecasting?
a) AI
b) ERP
c) Big Data
d) EDI
c) Big Data