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Self Quiz
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1
Why are retailers considered the most important part of the supply chain?
A)They can set pricing strategies based on costs of goods sold.
B)They can determine what items will be promoted and how.
C)They can engage in both horizontal and vertical integration.
D)They receive discounts from suppliers.
E)They can best gauge customers' wants and needs.
2
Why is it important to have an efficient supply chain?
A)There will be fewer stockouts.
B)Retailers can experience fewer associates are needed to replenish stock.
C)The planning strategy becomes more predictable.
D)Retailers will have more time for customer services.
E)There will be less negotiating with vendors.
3
Which of the following does NOT describe a retailer's strategic advantage gained through the efficient supply chain and information system?
A)All retailers can develop a competitive advantage from their information and supply chain systems.
B)The competitive advantage from information and supply chain systems is easy to be duplicated by competitors.
C)All retailers can increase sales, and reduce costs, by using high performance information systems.
D)The effective use of supply chain and information systems requires the coordinated effort of employees and functional areas throughout the company.
E)Retailers can implement efficient supply chain management by buying best-in-class.
4
Which of the following terms describe a document which tells the distribution center what is specifically shipped and when it will be delivered?
A)Radio Frequency Identification (RFID)
B)Advanced Shipping Notice (ASN)
C)Shipping document
D)Bill of Lading (BOL)
E)Universal Product Code (UPC)
5
A(n) _____ is purchase data collected at the point of sale that is used to access data designed to support decision making in an organization is called:
A)spreadsheet
B)computerized processing unit
C)data holding cell
D)data warehouse
E)database chain
6
Every time a customer makes a purchase at a Target, data is transmitted to the buyers and the distribution center so the merchandise can be replenished and sent on the next truck delivery. Which strategy does Target utilize?
A)cross check logistic strategy
B)pull supply chain
C)cost efficient logistic strategy
D)push supply chain
E)influential logistic strategy
7
Which of the following will dictate the type of distribution center that will be used for the retailer?
A)vendors
B)total liabilities
C)real estate
D)merchandise
E)the type of retailer
8
John's job at the Macy's distribution center is to place some of the incoming apparel on hangers in size order before rolling them down to be ticketed. John is preparing the merchandise to be:
A)assorted and repacked for the conveyor
B)ready for cross-docking
C)floor-ready
D)ready to be sold
E)ready for packing
9
Which of the following terms describe the process of moving returned goods from their consumer destination for the purpose of capturing value or proper disposal?
A)logistics.
B)reverse logistics.
C)expedited logistics.
D)reverse auctions.
E)exception management logistics.
10
When a supply chain is uncoordinated, what causes the bull-whip effect?
A)delays in transmitting orders
B)overreacting to shortages
C)delays in receiving orders
D)ordering in batches
E)all of the above





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