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B Com Exam  >  B Com Tests  >  Test: Supply Chain Management - 2 - B Com MCQ

Test: Supply Chain Management - 2 - B Com MCQ


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10 Questions MCQ Test - Test: Supply Chain Management - 2

Test: Supply Chain Management - 2 for B Com 2024 is part of B Com preparation. The Test: Supply Chain Management - 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Supply Chain Management - 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Supply Chain Management - 2 below.
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Test: Supply Chain Management - 2 - Question 1
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What is the primary objective of supply chain management?

Detailed Solution for Test: Supply Chain Management - 2 - Question 1
The primary objective of supply chain management is to ensure a high velocity flow of high-quality, relevant information that enables suppliers to provide an uninterrupted and precisely timed flow of materials to customers. This helps in meeting customer demand while minimizing disruptions in the supply chain.
Test: Supply Chain Management - 2 - Question 2
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Which of the following factors can lead to the "Bullwhip Effect" in supply chains?

Detailed Solution for Test: Supply Chain Management - 2 - Question 2
The "Bullwhip Effect" is caused by unplanned demand oscillations in the supply chain, often resulting from factors like unforecasted sales promotions, sporadic customer orders, and other fluctuations that ripple through the supply chain and create disturbances.
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Test: Supply Chain Management - 2 - Question 3
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How do sporadic sales promotions impact the supply chain?

Detailed Solution for Test: Supply Chain Management - 2 - Question 3
Sporadic sales promotions can lead to unpredictable and unforecasted spikes in demand, causing disturbances in the supply chain due to increased orders that were not anticipated. This disrupts the flow of materials and can lead to the "Bullwhip Effect."
Test: Supply Chain Management - 2 - Question 4
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What is a potential consequence of false orders and subsequent cancellations?
Detailed Solution for Test: Supply Chain Management - 2 - Question 4
False orders, often caused by lack of customer confidence or sales personnel actions, can result in excess purchased material in inventory. This can lead to increased costs and underutilized capacity.
Test: Supply Chain Management - 2 - Question 5
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What does the term "Bullwhip Effect" refer to?
Detailed Solution for Test: Supply Chain Management - 2 - Question 5
The "Bullwhip Effect" refers to the phenomenon where small fluctuations in customer demand lead to larger and more unpredictable oscillations in demand as they move up the supply chain, causing inefficiencies and disruptions.
Test: Supply Chain Management - 2 - Question 6
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Which measure of supply chain performance focuses on reducing inventory costs relative to the cost of goods sold?
Detailed Solution for Test: Supply Chain Management - 2 - Question 6
Efficiency in supply chain performance refers to minimizing costs by reducing inventory investment or value relative to the cost of goods sold. This is often measured through inventory turnover and weeks of inventory on hand.
Test: Supply Chain Management - 2 - Question 7
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What is a potential drawback of implementing an Internet-integrated supply chain?
Detailed Solution for Test: Supply Chain Management - 2 - Question 7
Implementing an Internet-integrated supply chain requires increased trust and information sharing among supply chain partners. While this can lead to benefits, it also increases the dependency on other members of the supply chain, which can be risky if those partners are unable to fulfill their roles effectively.
Test: Supply Chain Management - 2 - Question 8
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Which performance measure focuses on creating customer value rather than reducing costs?
Detailed Solution for Test: Supply Chain Management - 2 - Question 8
Effectiveness in supply chain performance focuses on the degree to which the supply chain creates value for the customer. It emphasizes delivering products and services that meet customer needs and expectations, contributing to customer satisfaction and loyalty.
Test: Supply Chain Management - 2 - Question 9
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How can the Internet contribute to shortening the supply chain?
Detailed Solution for Test: Supply Chain Management - 2 - Question 9
The Internet enables quick and real-time transfer of information between supply chain partners. This facilitates communication, coordination, and information sharing, which ultimately leads to a more streamlined and efficient supply chain, thus shortening the supply chain.
Test: Supply Chain Management - 2 - Question 10
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What advantage does collaboration offer in supply chain management?
Detailed Solution for Test: Supply Chain Management - 2 - Question 10
Collaboration in supply chain management involves sharing information and working together closely to achieve common goals. This fosters greater trust among supply chain partners and helps in creating effective partnerships that lead to improved supply chain performance.
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