Supply Chain & Procurement Basics
This term refers to the journey a product takes from creation to delivery.
A) Distribution network
B) Logistics chain
C) Supply chain
D) Value system
C) Supply chain
Stores keep extra products here to prevent running out.
A) Backorder
B) Buffer zone
C) Inventory
D) Stockout
C) Inventory
What do we call a building where products are kept before being sent to stores or customers?
A) Distribution center
B) Warehouse
C) Shipping dock
D) Packing station
B) Warehouse
A truck brings packages from a store to your house. What kind of transport is this?
A) Air freight
B) Rail transport
C) Truck delivery
D) Ocean shipping
C) Truck delivery
Clues:
1. Operates one of the world’s most advanced warehouse automation systems
2. Uses Kiva-style robots
3. Delivers millions of orders daily
Amazon
Businesses that provide raw materials or products to a company are called:
A) Distributors
B) Manufacturers
C) Retailers
D) Suppliers
D) Suppliers
A warehouse method where the oldest inventory is sold first is called:
A) LIFO
B) FIFO
C) JIT
D) EOQ
B) FIFO
A bunch of boxes is stacked on a flat wooden board so forklifts can move them all at once. What is this board called?
A) Packing cart
B) Pallet
C) Picking cart
D) Conveyor board
B) Pallet
Every product has a little code that can be scanned at the store. What is this called?
Barcode
Clues:
1. Produces phones and consumer electronics
2. Heavy reliance on Asian contract manufacturers
3. Faced supply chain disruptions during COVID
Apple
The process of finding and buying materials or products from suppliers is called:
A) Logistics
B) Distribution
C) Procurement
D) Sourcing plan
C) Procurement
A warehouse method where the newest inventory is sold first is called:
A) LIFO
B) FIFO
C) Safety stock
D) Cross-docking
A) LIFO
Damaged or incorrect items are kept in the quarantine area.
True or False
True
Shipping costs are only applicable to international shipments.
True or False
False
Clues:
1. World’s largest retailer by revenue
2. Known for cross-docking logistics
3. Operates a massive private truck fleet
Walmart
A list of products requested by a customer that a store or warehouse prepares is called:
A) Invoice
B) Purchase order
C) Shipping manifest
D) Sales forecast
B) Purchase order
The practice of keeping just enough inventory to meet demand is called:
A) Bulk stocking
B) Just-in-time inventory
C) Safety stock
D) Overstocking
B) Just-in-time inventory
A machine lifts heavy boxes and pallets so workers don’t have to carry them. What is this machine called?
A) Conveyor
B) Crane
C) Forklift
D) Pallet jack
C) Forklift
What is the maximum weight a truck or trailer can legally carry?
A) Fuel Capacity
B) Load capacity
C) Barcode maximum
D) Holding cost
B) Load capacity
Clues:
1. Global shipping and logistics company
2. Uses a hub-and-spoke air network
3. Famous for overnight delivery
FedEx
The time between placing an order and receiving the goods is known as:
A) Processing time
B) Delivery cycle
C) Transit delay
D) Order lead time
D) Order lead time
A strategy where companies keep extra stock to avoid shortages is known as:
A) Cycle inventory
B) Buffer inventory
C) Safety stock
D) Excess inventory
C) Safety stock
The shipping dock is where orders wait before being loaded onto trucks.
True or False
True
Which document sticks on a package and has details like what’s being shipped, the sender, the receiver?
A) Bill of lading
B) Delivery note
C) Purchase order
D) Packing Note
A) Bill of lading
Clues:
1. Sportswear company
2. Outsources most manufacturing to Asia
3. Faced supply chain pressure during global shutdowns
Nike