Question

40 mcqs on supply chain and management

Answer 1

1) The purpose of supply chain management:- a) integrating supply and demand(correct) b) product management c) supply management d) provide customer satisfaction.

2) Logistics is involved with forward and reverse flow of:- a) cash b) goods c) services d) all of the above(correct).

3) Reverse logistics is required because:- a) goods are unsold b) goods are defective c) customer changes mind d) all of them(correct).

4) Distribution requirement planning is a system for:-a) Inventory management b) Distribution planning c) None of the above d) both a and b(correct).

5) PL stands for:- a) Third party logistics(correct) b)Three points logistics c) Three points location d) all of the above.

6) VMI stands for:- a)Vendor material inventory b) valuable material inventory c) Variable metal invention d) Vendor managed inventory (correct).