1. Foundations

Performance Metrics — Quiz

Test your understanding of performance metrics with 5 practice questions.

Practice Questions

Question 1

Which of the following best defines 'Fill Rate' in the context of supply chain management?

Question 2

A company aims to reduce the time from when a customer places an order until they receive the product. Which performance metric is most relevant to this objective?

Question 3

If a product's manufacturing cost is $$ \$20 $, shipping is $ \$5 $, customs duties are $ \$2 $, and warehousing is $ \$3 $$, what is its Total Landed Cost?

Question 4

Which of the following scenarios would lead to a decrease in 'Inventory Turns'?

Question 5

A company's annual Cost of Goods Sold (COGS) is $$ \$750,000 $ and its average inventory value during the same period was $ \$150,000 $$. Calculate the Inventory Turns ratio.