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
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
This Tom Hanks film features a FedEx systems analyst stranded on an island, highlighting the importance of global parcel logistics.
What is Castaway?
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
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
This TV show character’s obsession with Eggo waffles caused a real‑world spike in demand.
Who is Eleven?
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
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
This 2020 household item became a symbol of panic buying and supply chain disruption, leading to empty shelves nationwide.
What is Toilet Paper
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
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
This 2013 Disney film caused a global shortage of blue and teal fabric due to demand for princess costumes.
What is Frozen
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
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
In Overcooked, players constantly battle this classic supply chain problem, caused by too many orders arriving at once and overwhelming the kitchen’s workflow.
What is the Bottleneck Effect