a. b. c. d. Which of the following is true for supply chain management? The physical material moves in the direction of the end of chain Flow of cash backwards through the chain Exchange of information moves in both the direction All of the above (Ans:d) a. b. c. d. The sequence of a typical manufacturing supply chain is Storage–Supplier–manufacturing–storage–distributor–retailer–customer Supplier–Storage-manufacturing–storage–distributor–retailer–customer Supplier–Storage-manufacturing– distributor–storage–retailer–customer Supplier–Storage-manufacturing–storage– retailer–distributor–customer (Ans:b) a. b. c. d. The purpose of supply chain management is provide customer satisfaction improve quality of a product integrating supply and demand management increase production (Ans:c) a. b. c. d. a. b. c. d. a. b. c. d. a. b. c. d. Logistics is the part of a supply chain involved with the forward and reverse flow of goods services cash all of the above (Ans:d) Due to small change in customer demands, inventory oscillations become progressively larger looking through the supply chain. This is known as! Bullwhip effect Netchain analysis Reverse logistics Reverse supply chain (Ans:a) VMI stands for Vendor material inventory Vendor managed inventory Variable material inventory Valuable material inventory (Ans:b) The major decision areas in supply chain management are location, production, distribution, inventory planning, production, distribution, inventory location, production, scheduling, inventory location, production, distribution, marketing (Ans:a) a. b. c. d. Distribution requirement planning is a system for Inventory management Distribution planning Both ‘a’ and ‘b’ None of the above (Ans:c) a. b. c. d. Reverse logistics is required because Goods are defective Goods are unsold The customers simply change their minds All of the above (Ans:d) a. b. c. d. 3-PL stands for Three points logistics Third party logistics Three points location None of the above (Ans:b)