Supply Chain Analytics
Mock Exam
Course Introduction
Supply Chain Analytics focuses on leveraging data-driven approaches and quantitative techniques to optimize and improve the performance of supply chain operations. The course covers topics such as demand forecasting, inventory management, logistics optimization, supplier evaluation, and risk analysis using statistical modeling, machine learning, and advanced data visualization methods. Students will learn to collect, analyze, and interpret large datasets to make informed decisions that enhance efficiency, reduce costs, and drive value across the end-to-end supply chain. Practical case studies and hands-on projects are integrated to develop problem-solving skills and technological proficiency needed for modern supply chain management.
Recommended Textbook
Principles of Supply Chain Management A Balanced Approach 4th Edition by Joel D. Wisner
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14 Chapters
822 Verified Questions
822 Flashcards
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Chapter 1: Introduction to Supply Chain Management
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148 Verified Questions
148 Flashcards
Source URL: https://quizplus.com/quiz/60211
Sample Questions
Q1) Which of the following is a reverse logistics activity:
A)Recycling products and components
B)Delivering finished goods to your customer
C)Developing a collaborative relationship with your supplier
D)Managing the quality of products
Answer: A
Q2) Right-shoring refers to:
A)An expansion of the supply chain
B)Contraction activities within the supply chain
C)An increase in the responsiveness of the supply chain
D)A decrease in the responsiveness of the supply chain
Answer: B
Q3) Which of the following modes of cargo transport can be characterized as being the most inexpensive and very slow,yet good for transporting very heavy goods a long-distance?
A)Air Carriers
B)Rail Carriers
C)Water Carriers
D)Motor Carriers
Answer: C
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Chapter 2: Purchasing Management
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52 Verified Questions
52 Flashcards
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Sample Questions
Q1) The possibility of events like strikes,assembly line breakdowns,and natural disasters are all reasons a company should favor using a single supplier.
A)True
B)False
Answer: False
Q2) Total Cost of Ownership does NOT consider which of the following factors?
A)Purchase order costs
B)Freight costs
C)Payment terms
D)Tooling costs
Answer: A
Q3) The measurement of the impact of change in purchase spend on a firm profit before taxes,assuming gross sales and other expenses remain unchanged,is referred to as:
A)Break-Even Analysis
B)Direct Offset
C)Profit-Leverage Effect
D)Leveraging Purchase Volume
Answer: C
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4
Chapter 3: Creating and Managing Supplier Relationship
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52 Verified Questions
52 Flashcards
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Sample Questions
Q1) Companies consider outsourcing more and more parts when it becomes increasingly more difficult to:
A)Find suppliers to do business with
B)Reward quality suppliers
C)Achieve further cost savings internally
D)Monitor supplier performance
Answer: C
Q2) Which of the following is important in developing successful relationships in a partnership?
A)Commitment by top management
B)Interpersonal relationships between employees of the companies
C)Mutual/compatible needs that result in a win-win situation for the partners
D)All of these
Answer: D
Q3) Interpersonal relationships are not necessarily relevant to supplier relationships.
A)True
B)False
Answer: False
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Chapter 4: Ethical and Sustainable Sourcing
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Sample Questions
Q1) As relationships with suppliers become more trusted,reliable,and long-term in nature,early supplier involvement has become a popular strategy among firms.Explain THREE benefits gained from using this strategy.
Q2) One standard which is measured in environmental supplier certification is:
A)The number of trucks owned by the supplier
B)The suppliers' greenhouse gas emissions
C)Technology investment by the supplier
D)The number of on-time deliveries
Q3) Environmental supplier certifications can be used to identify rogue suppliers before they can cause problems.
A)True
B)False
Q4) The use of environmental supplier certification programs assist companies by which of the following?
A)Identifying strategic alliance candidates
B)Identifying companies who are the most popular with consumers
C)Helping communities who are in jeopardy of plant closures
D)Encouraging distributive negotiations in strategic alliance development
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6
Chapter 5: Demand Forecasting
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52 Verified Questions
52 Flashcards
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Sample Questions
Q1) Which one of the following is not a type of qualitative forecasting?
A)Sales force composite
B)Consumer survey
C)Jury of executive opinion
D)Naïve method
Q2) One common Cause-and-Effect Model used is:
A)Regression analysis
B)Linear Trend Forecast
C)Moving Average Forecast
D)Mean Absolute Deviation
Q3) If you were calculating a forecast using an exponential smoothing model,a calculation using = 0.2 would be putting a greater emphasis on recent data,while a calculation using = 0.8 would be putting a greater emphasis on past data.Thus a lower is more responsive to changes in demand in the most recent periods.
A)True
B)False
Q4) Associative forecasting methods are based on opinions and intuition.
A)True
B)False
Q5) Explain the key challenges of CPFR implementation.
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Chapter 6: Resource Planning Systems
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Sample Questions
Q1) An MRP system has a subassembly with a lot size of 100 units.In terms of filling future requirements,this would mean that planned order releases for the subassembly would always have to be exactly 100 units.
A)True
B)False
Q2) Which of the following results from using the chase production strategy?
A)The workforce fluctuates in response to the demand pattern
B)Finished goods inventories always remain constant
C)Both A & B
D)None of these
Q3) Lead Capacity Strategy is a proactive approach that adds or subtracts capacity in anticipation of future market conditions and demand.
A)True
B)False
Q4) The process of converting a parent item's planned order releases into component gross requirements is referred to as the ERP Implosion.
A)True
B)False
Q5) What is ERP? Why was it developed?
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Chapter 7: Inventory Management
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52 Flashcards
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Sample Questions
Q1) The (s,S)continuous review inventory system orders the same quantity Q when physical inventory reaches the reorder points.
A)True
B)False
Q2) The continuous review inventory system requires less safety stock compared to the periodic review inventory system.
A)True B)False
Q3) Pareto Analysis is an inventory model used to determine the optimal order size that minimizes total annual inventory costs.
A)True
B)False
Q4) The periodic inventory review system reviews physical inventory at specific points in time.
A)True B)False
Q5) Dependent Demand must be forecasted based on market conditions.
A)True B)False
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Chapter 8: Process Management - Lean and Six Sigma in the Supply Chain
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52 Verified Questions
52 Flashcards
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Sample Questions
Q1) Lean thinking is a philosophy incorporating tools which seek to economically optimize:
A)Human Resources
B)Assets
C)Productivity
D)All of these
Q2) Manufacturing cells are often U-shaped to make operator and material movements easier within the cell.
A)True
B)False
Q3) Calculate the inventory container size required given the following:Demand rate = 10 parts per hour,Safety stock required = 15%Number of containers = 14,Time to cycle through entire system = 6 hours
A)2 parts
B)3 parts
C)4 parts
D)5 parts
Q4) Briefly explain THREE of the statistical tools of Six Sigma.
Page 10
Q5) Describe SPC and Acceptance Sampling.What is the key difference between the two?
Q6) Why is the workforce considered such an important element of lean production?
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Chapter 9: Domestic Usand Global Logistics
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Sample Questions
Q1) Because of strict regulations,third-party logistics (3PL)services cannot assist with customs clearance.
A)True
B)False
Q2) Private warehouses refer to warehouses that are owned by the firm storing the goods.
A)True
B)False
Q3) Which of the following would be considered an act of deregulation?
A)Reed Bullwinkle act - legalized rate bureaus or conferences
B)Granger law - Established maximum rates, prohibited discrimination, and forbade mergers for railroads.
C)Trucking Industry Regulatory Reform Act - Motor carriers freed from filing rates with the Interstate Commerce Commission
D)Freight Forwarders Act - Allowed Interstate Commerce Commission control over freight forwarders; controlled entry, rates, and services.
Q4) a.Explain Warehouse Management Software (WMS).b.Discuss the benefits of WMS.
Q5) Does risk pooling favor a centralized or decentralized warehousing system? Why?
Q6) List and explain three capabilities of lean warehousing.
Page 12
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Chapter 10: Customer Relationship Management
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51 Verified Questions
51 Flashcards
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Sample Questions
Q1) You work for a company that segments customers by demographic information markets specifically to those customers who are located in the Los Angeles area.This is an example of:
A)Target marketing
B)Cross-selling
C)Geographic marketing
D)Personalized customer communication
Q2) While a well-planned and organized CRM plan can be extremely useful in developing effective and efficient marketing programs for retailers,they are not particularly helpful for manufacturing companies like GM since their touches with the customer are few.
A)True
B)False
Q3) Private clouds allow corporate users to internally manage their data centers.
A)True
B)False
Q4) Only employees who will enter CRM data should be involved in the CRM implementation plan.
A)True
B)False
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Chapter 11: Global Location Decisions
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Sample Questions
Q1) Startup and other smaller firms do not typically benefit from locating in cluster areas.
A)True
B)False
Q2) Use the breakeven model to determine which of the statements below is TRUE according to the information provided in the table relating to two different locations considered for a new manufacturing facility.? \(\begin{array}{ccc}
\text { LOCATION } & \text { ANNUAL FIXED COSTS } & \text { UNIT VARIABLE COSTS } \\
\hline \text { Site } A & \$ 50,000 & \$ 10 \\
\text { Site B } & \$ 20,000 & \$ 30
\end{array}\)
A)Site A is the desired location if the production rate is 1000 units per year
B)The breakeven point for these two locations is 1500 units per year
C)Site B is the desired location if the production rate is 2000 units per year
D)The breakeven point for these two locations is 500 units per year
Q3) The European Union (EU)created the world's largest free trade area.
A)True
B)False
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Chapter 12: Service Response Logistics
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Sample Questions
Q1) Service organizations need to consider the fact that the services they provide are not consumed by the immediate customer,rather,services are typically passed on to customers farther down a distribution channel.
A)True
B)False
Q2) In most services,customers are either directly or indirectly involved in the production of the service itself.
A)True
B)False
Q3) Layout strategies help firms maximize all of the following EXCEPT:
A)Service efficiencies
B)Customer service
C)Time fences
D)Server productivity
Q4) Service facilities are normally decentralized.
A)True
B)False
Q5) What are three key differences between services industries/organizationsand manufacturing?
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Chapter 13: Supply Chain Process Integration
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Sample Questions
Q1) A customer approaches you with a question regarding her order status and shipping date; the information you provide is an example of which of the eight key supply chain business processes:
A)Supply management process
B)Demand management process
C)Order management process
D)Customer service management process
Q2) List and describe THREE obstacles to process integration along the supply chain.
Q3) The most basic security system should include procedures and policies for securing facilities,personnel,computer systems,and freight shipments.
A)True
B)False
Q4) The phase of the supply chain integration model concerned with identifying the important processes linking each of the supply chain partners is:
A)Review and establish supply chain strategies
B)Identify critical supply chain trading partners
C)Align supply chain strategies with key supply chain process objectives
D)Assess and improve internal integration of key supply chain processes
Q5) List and describe FIVE of the eight key supply chain business processes.
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Chapter 14: Performance Measurement Along the Supply Chain
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Sample Questions
Q1) Using cost as a departmental or business unit performance measure can actually result in actions that raise costs for the organization.
A)True
B)False
Q2) Which of the following supply chain performance metrics measures the average percentage of orders that arrive on time,complete and damage-free?
A)Total supply chain management costs
B)Supply chain perfect order fulfillment performance
C)Supply chain cash-to-cash cycle time
D)Supply chain delivery performance
Q3) Which of the following supply chain performance metrics measures the average percentage of orders that are filled on or before the requested delivery date?
A)Total supply chain management costs
B)Supply chain perfect order fulfillment performance
C)Supply chain cash-to-cash cycle time
D)Supply chain delivery performance
Q4) Describe,in general terms,how the SCOR model works.What are the benefits to firms using this model?
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