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1. How does supply chain segmentation benefit companies?
A) Reducing supply chain complexity
B) Tailoring supply chain strategies to different customer segments
C) Simplifying inventory management
D) Limiting market reach
2. Which strategy helps mitigate supply chain disruptions?
A) Reducing inventory buffers
B) Relying on a single supplier
C) Diversifying the supplier base
D) Limiting supply chain visibility
3. Select the key elements of an effective supplier relationship management system.
A) Inventory levels, sales forecasting, cost accounting
B) Production schedules, labor management, facility design
C) Communication, performance evaluation, collaboration
D) Pricing strategies, customer feedback, marketing campaigns
4. What is the main advantage of supplier diversification?
A) Mitigating risks and ensuring supply continuity
B) Reducing negotiation power
C) Limiting market reach
D) Increasing dependency on a single supplier
5. What is the primary goal of supply chain risk management?
A) Increasing supply chain vulnerabilities
B) Identifying and mitigating risks to ensure continuity
C) Limiting supplier collaboration
D) Ignoring potential threats
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B |
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Certified Wholesale & Retail Manager (CWRM)
Certified Product Management Specialist (CPMS)
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