3. Operations
Supply Chain — Quiz
Test your understanding of supply chain with 5 practice questions.
Practice Questions
Question 1
A multinational corporation is evaluating its global supply chain for a critical raw material. The corporation identifies a single supplier in a politically unstable region. To enhance supply chain resilience, which of the following strategies would be most effective in mitigating the risk of supply disruption from this specific supplier?
Question 2
A company manufacturing high-tech electronic components needs to optimize its inventory management to reduce carrying costs while ensuring continuous production. The components have a high unit value and a relatively stable demand. Which inventory management model would be most appropriate for this scenario, and why?
Question 3
A retail chain is experiencing significant delays in product delivery from its distribution centers to stores, leading to stockouts and lost sales. An analysis reveals that the primary issue is inefficient routing and scheduling of delivery vehicles. Which aspect of logistics management should the company focus on to address this problem effectively?
Question 4
A business is considering implementing a new Enterprise Resource Planning (ERP) system to integrate its various functions, including supply chain management. What is the most significant strategic advantage of integrating supply chain operations within a comprehensive ERP system?
Question 5
A manufacturing company sources a critical component from a single overseas supplier. Due to unforeseen geopolitical events, the supplier's factory is forced to shut down indefinitely. The manufacturing company has no alternative suppliers immediately available. Which of the following best describes the immediate impact on the manufacturing company's supply chain and its most critical short-term response?