123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100 SUPPLY CHAIN EXAMINATION You are welcome to Lakewood Business School Examination Portal We are delighted to have you here and wish you the very best as you embark on an exciting journey toward a rewarding career with us. Online Examinations Our online assessments are designed to evaluate your understanding of the training materials and ensure your readiness for the next step in your professional development. Here's what you need to know: Format: The assessment consists of 100 multiple-choice questions. Pass Mark: A minimum score of 50% is required to pass. Instant Results: Your answers will be automatically graded, allowing you to immediately see your results. Retake Option: If you don’t pass on your first attempt, don’t worry! You can retake the exam and try again. Need Assistance? Whether you are currently enrolled on our platform or seeking information, our dedicated support team is here to help. Feel free to reach out to us with any inquiries at admission@lwbschool.org.uk Thank you for choosing Lakewood Business School. We are committed to supporting your growth and success. 1 / 100 Supply chain visibility allows companies to: A) Restrict information B) Share only internal data C) Track goods and information across the network D) Change customer preferences 2 / 100 SC agility enables: A) Inventory waste B) Stable forecasts C) Fast response to market changes D) Supplier removal 3 / 100 Which document confirms agreement between buyer and supplier? A) Audit log B) Packing slip C) Purchase order D) Shipping label 4 / 100 What is the purpose of logistics in the supply chain? A) Managing insurance claims B) Handling press releases C) Transportation and storage of goods D) Tax filings 5 / 100 What does safety stock protect against? A) Customer feedback delays B) Unexpected demand or supply delays C) Shipment labeling D) High discounts 6 / 100 Which flow is not part of the basic supply chain flows? A) Product B) Information C) Cash D) Workforce 7 / 100 Freight consolidation is used to: A) Increase shipment size to reduce cost B) Break packages into smaller loads C) Eliminate vendor choice D) Avoid inspections 8 / 100 Bottlenecks can result in: A) Higher productivity B) Improved sales C) Delayed order fulfillment D) Greater brand equity 9 / 100 A responsive supply chain focuses on: A) Reducing inventory tax B) Meeting changing customer demand quickly C) Limiting supplier choices D) Ignoring market data 10 / 100 What’s a common challenge in global sourcing? A) Uniform product pricing B) Cultural and regulatory differences C) Domestic tax rates D) Marketing timelines 11 / 100 What does SCM integration with IT systems improve? A) Complexity of documentation B) Siloed operations C) Data sharing and decision-making D) Supplier penalty 12 / 100 A value chain includes: A) Customer feedback tools B) All activities adding value from production to customer C) Staff performance reports D) Logistics returns 13 / 100 Which system allows barcode-based inventory scanning? A) ERP B) LMS C) WMS D) CRM 14 / 100 Which strategy best describes Just-in-Time (JIT)? A) Stocking ahead of demand B) Reducing inventory through timely deliveries C) Bundling orders D) Bulk buying for discounts 15 / 100 Demand forecasting improves: A) Government regulation B) Tax filings C) Inventory planning and order accuracy D) Legal outcomes 16 / 100 Which metric shows inventory performance? A) Order fill rate B) Labor turnover C) Energy usage D) Asset depreciation 17 / 100 What’s the benefit of supply chain mapping? A) Graphic design B) Visibility into upstream/downstream operations C) Tax auditing D) Social media promotion 18 / 100 A fourth-party logistics provider (4PL) focuses on: A) Billing only B) In-house picking C) End-to-end supply chain coordination D) Store returns 19 / 100 Buffer inventory helps prevent: A) Quality assurance B) Supplier lock-in C) Stockouts D) Refunds 20 / 100 What is dual sourcing used for? A) Automating HR B) Eliminating invoices C) Risk mitigation D) Decreasing lead time 21 / 100 A supply chain dashboard displays: A) Financial reports B) Customer complaints C) Real-time operational KPIs D) Product labels 22 / 100 A green supply chain emphasizes: A) Recycling accounting software B) Efficiency in email systems C) Reducing environmental impact D) Supplier audits only 23 / 100 What is the focus of lean supply chain strategy? A) Expanding warehouse space B) Minimizing waste and non-value activities C) Hiring more managers D) Designing luxury products 24 / 100 A logistics network includes: A) Only staff rosters B) Vendor invoices C) All facilities for product flow D) Market advertisements 25 / 100 Which technology supports real-time supply chain tracking? A) GPS and RFID B) HTML C) Antivirus software D) Excel macros 26 / 100 Inbound logistics involves: A) Returning products B) Managing returns C) Receiving raw materials and goods D) Invoicing clients 27 / 100 The SCOR model helps organizations: A) Advertise products B) Benchmark and improve supply chain processes C) Manage CRM D) Reduce taxes 28 / 100 A demand-driven supply chain responds to: A) Supplier invoices B) Fluctuations in workforce C) Real-time customer needs D) Business loans 29 / 100 Vertical integration means: A) Outsourcing deliveries B) Hiring seasonal staff C) Controlling multiple levels of the supply chain D) Reducing IT usage 30 / 100 RFID improves: A) Order delay B) Manual entry C) Inventory accuracy D) Return rates 31 / 100 What is order cycle time? A) Duration between invoice and receipt B) Time between customer order and fulfillment C) Staff training D) Product returns 32 / 100 Last-mile delivery inefficiency affects: A) Pricing B) Supplier contracts C) Customer satisfaction D) Import duties 33 / 100 Tier 1 suppliers provide products: A) Directly to end consumers B) To Tier 3 suppliers C) Directly to the manufacturer D) Through warehouses only 34 / 100 Outsourcing logistics to third parties is called: A) BPO B) 3PL (Third Party Logistics) C) CRM D) POQ 35 / 100 What does vendor-managed inventory (VMI) mean? A) Inventory monitored through customs B) Inventory owned by third parties C) Supplier manages and replenishes stock for the buyer D) Inventory sold through auctions 36 / 100 Which of the following is not a supply chain cost? A) Inventory holding B) Transportation C) Advertising D) Order processing 37 / 100 Supply chain ethics include: A) Staff salary reduction B) Bribery to meet deadlines C) Fair labor practices and transparency D) Tax manipulation 38 / 100 Which KPI measures delivery performance in SCM? A) Cost per click B) Order cycle time C) Return on investment D) Employee headcount 39 / 100 What is the primary focus of procurement in supply chain? A) Order dispatch B) Customer relationship C) Sourcing and acquiring goods/services D) Tax reporting 40 / 100 One major reason for excess inventory is: A) Low supplier cost B) Accurate demand forecasting C) Poor inventory planning D) High customer returns 41 / 100 Collaborative logistics results in: A) Increased cost B) Isolated warehouses C) Shared transport and inventory savings D) Reduced customer service 42 / 100 Sustainability in SCM means: A) Maximizing product speed B) Ignoring social risks C) Reducing environmental and ethical impact D) Maximizing cost saving 43 / 100 What is a major reason for SCM digitization? A) Reduce stock levels B) Improve compliance tracking C) Extend contracts D) Avoid training 44 / 100 What is demand variability also known as? A) Demand waste B) Supply gaps C) Demand uncertainty D) Margin elasticity 45 / 100 Which system supports automated procurement? A) CRM B) LMS C) ERP D) ATS 46 / 100 Cross-functional teams in SCM help: A) Reduce coordination B) Improve end-to-end visibility C) Manage HR D) Increase ad clicks 47 / 100 What improves supplier collaboration? A) Penalty clauses B) Ignoring feedback C) Shared planning and forecasting D) Bidding restrictions 48 / 100 Lead time in supply chain refers to: A) Marketing duration B) Time from order to delivery C) Return processing time D) Shelf life 49 / 100 Which term describes holding goods to meet unpredictable demand? A) Vendor lock B) Buffer stock C) Tax shield D) Premium storage 50 / 100 Main cause of long lead times? A) Inventory audits B) Poor forecasting C) Sourcing delays D) Warehouse design 51 / 100 An inventory buffer reduces: A) Social media campaigns B) Understocking C) Overselling D) Tax calculation 52 / 100 What is the function of a distribution center in supply chain management? A) Legal compliance B) Product warehousing and order fulfillment C) Market regulation D) Financial auditing 53 / 100 Strategic sourcing focuses on: A) Emergency orders B) Short-term pricing C) Long-term value and supplier alignment D) Legal restrictions 54 / 100 Procurement risks include: A) Market share B) Product quality failure C) Marketing campaigns D) Time zones 55 / 100 Load optimization improves: A) Wastage B) Fuel usage and transport efficiency C) Branding D) Returns 56 / 100 Transportation mode choice impacts: A) Insurance rates B) Pricing C) Delivery speed and cost D) Product design 57 / 100 Order fill rate measures: A) Employee work time B) Product return ratio C) Percentage of customer demand met D) Supplier evaluation 58 / 100 What is logistics outsourcing commonly used for? A) Replacing finance departments B) Strategy development C) Warehousing and transportation D) Market analysis 59 / 100 Green logistics focuses on: A) Compliance with tax codes B) Speed C) Reducing environmental impact D) Enhancing product margins 60 / 100 Freight forwarders assist with: A) Staff hiring B) Event logistics C) International shipping and customs D) Warehousing audits 61 / 100 Agile supply chains are characterized by: A) Rigidity in structure B) Limited supplier access C) Flexibility and responsiveness to change D) Only low-cost sourcing 62 / 100 Push strategy relies on: A) Responsive delivery B) Delayed orders C) Forecast-based production D) Custom orders 63 / 100 What is the bullwhip effect? A) Increase in demand accuracy B) Steady information flow C) Demand distortion along the supply chain D) Reduced product returns 64 / 100 What reduces stock obsolescence? A) Long shipping routes B) Demand forecasting and FEFO C) JIT for perishable goods D) Stockpiling bulk 65 / 100 Kanban system is used for: A) Cost reporting B) Material flow control C) Warehouse design D) Tax evasion 66 / 100 What is a common cause of inventory inaccuracy? A) Annual stocktaking B) Use of RFID C) Manual data entry errors D) Warehouse robotics 67 / 100 Which of the following is a key component of supply chain planning? A) Sales budgeting B) Inventory forecasting C) IT compliance D) Social media strategy 68 / 100 Which of the following supports supply chain digitization? A) Fax B) ERP software C) Firewalls D) Voice memos 69 / 100 The term “last-mile delivery” refers to: A) Cross-border shipping B) Manufacturer transport C) Final leg from distribution center to customer D) Air cargo dispatch 70 / 100 Total cost of ownership (TCO) considers: A) Only initial purchase price B) Labor and sales taxes C) Entire lifecycle cost D) Reimbursement value 71 / 100 How can blockchain improve supply chains? A) Slows transactions B) Increases manual records C) Provides secure, tamper-proof tracking D) Eliminates vendor contracts 72 / 100 What does postponement strategy achieve in supply chain? A) Slows down product innovation B) Delays customization to reduce risk C) Cuts delivery routes D) Hides demand data 73 / 100 What is the ultimate goal of supply chain management? A) Maximize tax efficiency B) Increase employee count C) Deliver the right product, at the right time, in the right quantity D) Reduce advertising cost 74 / 100 KPI “perfect order rate” measures: A) Number of sales calls B) Percentage of error-free orders C) Tax compliance D) Supplier changes 75 / 100 Which inventory system updates stock continuously? A) Weekly batch B) Perpetual inventory C) Blind audit D) Centralized projection 76 / 100 A bottleneck in the supply chain causes: A) Financial surplus B) Acceleration of shipping C) Delays and reduced throughput D) Product innovation 77 / 100 What helps manage supply chain disruption? A) Demand suppression B) Scenario planning C) Store closure D) Payment extension 78 / 100 A “cold chain” is essential for: A) Electronics B) Industrial metals C) Temperature-sensitive goods D) Wood and textiles 79 / 100 Collaborative planning in SCM allows: A) Fewer contracts B) Reduced documentation C) Suppliers and buyers to jointly forecast and plan D) Delay in production 80 / 100 What is the benefit of aligning supply chain with company strategy? A) Higher taxes B) Improved operational efficiency and competitive advantage C) More advertising tools D) Better party sponsorships 81 / 100 Procurement cycle begins with: A) Supplier invoicing B) Goods delivery C) Needs identification D) Budget audit 82 / 100 A hybrid supply chain strategy blends: A) Inventory and advertising B) Demand forecasting with hiring C) Efficiency and responsiveness D) Sales and branding 83 / 100 What is the key purpose of supplier evaluation in supply chain management? A) To increase supplier pricing B) To assess and ensure supplier performance and reliability C) To eliminate procurement documents D) To delay contract signing 84 / 100 Demand planning relies on: A) Legal reports B) Marketing only C) Historical data and market insights D) Tax rate changes 85 / 100 A vendor scorecard helps measure: A) Company branding B) Warehouse size C) Supplier performance D) Advertisement reach 86 / 100 What helps reduce lead times? A) Redundant suppliers B) Efficient procurement and transport C) Delayed forecasting D) Manual order processing 87 / 100 Reverse logistics is used for: A) New vendor selection B) Delivering marketing material C) Managing returns and recycling D) Sending out contracts 88 / 100 What is a key risk in global supply chains? A) Improved visibility B) Limited supplier options C) Longer lead times and geopolitical disruptions D) Reduced costs 89 / 100 Which of these is a supply chain strategy type? A) Vertical branding B) Cost leadership C) Social media audit D) Legal defense 90 / 100 Procurement lead time is: A) Duration between product launch and promotion B) Time from order to invoice C) Time from requisition to delivery D) Contract signing date 91 / 100 Which inventory model minimizes total cost? A) ROI calculation B) EOQ (Economic Order Quantity) C) Tax-based ordering D) Auction-based strategy 92 / 100 What is cross-docking? A) Storing products long term B) Shipping directly from supplier to store without storage C) Damaged inventory reporting D) Backordering system 93 / 100 A balanced scorecard in SCM includes: A) Only cost-related KPIs B) Financial and non-financial performance indicators C) Technical interviews D) Weekly wages 94 / 100 Which supply chain strategy focuses on cost efficiency and large volumes? A) Agile strategy B) Green sourcing C) Lean strategy D) Push-pull hybrid 95 / 100 A dual sourcing strategy helps in: A) Reducing HR costs B) Enhancing supply reliability C) Legal outsourcing D) Creating brand manuals 96 / 100 A resilient supply chain is: A) Focused only on cost B) Slow to respond C) Adaptable to disruption and shocks D) Reactive and isolated 97 / 100 Which of the following is a benefit of supply chain integration? A) Independent systems B) Data silos C) Enhanced coordination and efficiency D) Slower production 98 / 100 What causes demand variability in supply chains? A) Fixed-price contracts B) Unchanging lead times C) Seasonality, promotions, and market changes D) Identical supplier terms 99 / 100 What is capacity planning? A) Scheduling customer service calls B) Aligning production with market regulations C) Matching resources to production requirements D) Legal risk identification 100 / 100 Supply chain segmentation allows: A) Ignoring key vendors B) One-size-fits-all solutions C) Tailored approaches for different customer needs D) Merging supplier databases Your score is 0% Restart quiz By Wordpress Quiz plugin
