Question 1

In retail operations, the purchasing task is frequently combined with the sales and physical distribution task. This term is called:
A) Materials management
B) Merchandising
C) Retail supply management
D) Retail procurement

Accepted Answer

Merchandising combines purchasing, sales, and physical distribution to ensure that the right products are available in the right quantities and at the right time to meet customer demand. Materials management typically refers to the management of raw materials and inventory levels in a manufacturing setting, while retail supply management and retail procurement are not commonly used terms in the industry.

Question 2

Which of the following is an element of the lean supply chain approach?
A) Continuous improvement of supplier performance.
B) Breakthrough improvement of supplier performance.
C) Emphasis on pull planning and control.
D) Transparency in terms of costs, quality and delivery schedules.

Accepted Answer

The answer of Which of the following is an element...

Question 3

The larger the level of material costs as a proportion of total costs, the greater effect on profitability
of a reduction in material costs.

Accepted Answer

If material costs make up a larger proportion of total costs, then a reduction in those costs will have a greater impact on the overall expenses and thus on profitability.

Question 4

Supply chains need to be sufficiently flexible to cope with demand uncertainty and the disruption that often stems from it. The term used to describe this type of responsive flexibility is:
A) Robustness
B) Agility
C) Flexibility
D) Responsiveness

Accepted Answer

The term used to describe this type of responsive flexibility is agility. While all of the choices listed are important when designing a supply chain, agility specifically refers to the ability to quickly and effectively respond to changes in demand and other disruptions. This requires a certain level of flexibility and responsiveness, but agility focuses on the speed and effectiveness of those responses.

Question 5

The lean supply chain approach often includes breakthrough improvement of supplier
performance.

Accepted Answer

The answer of The lean supply chain approach often includes...

Question 6

One of the major supply chain developments of recent years has been the expansion in the proportion of products that businesses are willing to source from outside their country. This is
Called:
A) Global sourcing
B) Overseas procurement
C) External sourcing
D) International purchasing

Accepted Answer

Global sourcing refers to the practice of sourcing goods or services from suppliers located in different countries around the world. This trend has been driven by a variety of factors, including lower labor costs in certain countries, access to specialized skills or technology, and the desire to diversify supply chain risk.

Quiz 13: Aggregate Operations Planning and Master Scheduling

In retail operations, the purchasing task is frequently combined with the sales and physical distribution task. This term is called:

Which of the following is an element of the lean supply chain approach?

The larger the level of material costs as a proportion of total costs, the greater effect on profitability of a reduction in material costs.

Supply chains need to be sufficiently flexible to cope with demand uncertainty and the disruption that often stems from it. The term used to describe this type of responsive flexibility is:

The lean supply chain approach often includes breakthrough improvement of supplier performance.

One of the major supply chain developments of recent years has been the expansion in the proportion of products that businesses are willing to source from outside their country. This is Called: