Supply Chain Management and Logistics

Description: This quiz covers the fundamental concepts, strategies, and practices related to Supply Chain Management and Logistics in the context of the Indian Fashion industry.
Number of Questions: 15
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Tags: supply chain management logistics fashion production indian fashion
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Which of the following is NOT a key component of an effective supply chain management system in the fashion industry?

  1. Supplier Relationship Management

  2. Demand Forecasting

  3. Product Design

  4. Inventory Management


Correct Option: C
Explanation:

Product Design is not directly related to supply chain management, but rather to product development.

In the context of fashion supply chains, what is the primary objective of 'Just-in-Time' (JIT) inventory management?

  1. Minimizing production costs

  2. Reducing lead times

  3. Maximizing inventory turnover

  4. Increasing customer satisfaction


Correct Option: B
Explanation:

JIT aims to reduce lead times by minimizing the amount of inventory held, thereby improving efficiency.

Which of the following is NOT a common mode of transportation used for international fashion logistics?

  1. Air Freight

  2. Ocean Freight

  3. Rail Freight

  4. Road Freight


Correct Option: C
Explanation:

Rail Freight is generally not used for international fashion logistics due to its slower speed and limited reach.

What is the primary purpose of a 'Bill of Lading' in fashion logistics?

  1. Tracking inventory movement

  2. Facilitating customs clearance

  3. Managing supplier relationships

  4. Calculating shipping costs


Correct Option: B
Explanation:

A Bill of Lading serves as a legal document that facilitates customs clearance and provides proof of ownership of goods during international shipping.

Which of the following is NOT a key performance indicator (KPI) commonly used to evaluate the efficiency of a fashion supply chain?

  1. Inventory Turnover Ratio

  2. Perfect Order Rate

  3. Customer Satisfaction Score

  4. Return on Investment (ROI)


Correct Option: D
Explanation:

ROI is not typically used as a KPI specifically for evaluating supply chain efficiency in the fashion industry.

What is the term used to describe the process of coordinating and managing the flow of information between different entities in a fashion supply chain?

  1. Supply Chain Visibility

  2. Demand Planning

  3. Warehouse Management

  4. Transportation Management


Correct Option: A
Explanation:

Supply Chain Visibility refers to the ability to track and monitor the movement of goods and information throughout the supply chain.

Which of the following is NOT a common challenge faced in managing fashion supply chains in India?

  1. Lack of infrastructure

  2. Unreliable transportation networks

  3. High import duties

  4. Advanced technology adoption


Correct Option: D
Explanation:

Advanced technology adoption is generally not considered a challenge in managing fashion supply chains in India.

What is the term used to describe the practice of outsourcing certain supply chain activities to external providers?

  1. Third-Party Logistics (3PL)

  2. Fourth-Party Logistics (4PL)

  3. Reverse Logistics

  4. Green Logistics


Correct Option: A
Explanation:

Third-Party Logistics (3PL) involves outsourcing logistics activities such as warehousing, transportation, and distribution to external providers.

Which of the following is NOT a common strategy used to improve the efficiency of fashion supply chains?

  1. Centralized Warehousing

  2. Cross-Docking

  3. Vendor-Managed Inventory (VMI)

  4. Lean Manufacturing


Correct Option: D
Explanation:

Lean Manufacturing is a production strategy, not a supply chain strategy.

What is the term used to describe the process of managing the flow of goods and materials from the point of origin to the point of consumption?

  1. Logistics

  2. Supply Chain Management

  3. Distribution Management

  4. Transportation Management


Correct Option: A
Explanation:

Logistics encompasses the entire process of moving goods and materials from one place to another.

Which of the following is NOT a common type of warehouse used in fashion supply chains?

  1. Distribution Center

  2. Fulfillment Center

  3. Cross-Docking Facility

  4. Manufacturing Facility


Correct Option: D
Explanation:

Manufacturing Facility is not a type of warehouse, but rather a production facility.

What is the term used to describe the process of managing the flow of goods and materials from the point of consumption back to the point of origin?

  1. Reverse Logistics

  2. Closed-Loop Supply Chain

  3. Circular Supply Chain

  4. Sustainable Supply Chain


Correct Option: A
Explanation:

Reverse Logistics involves managing the flow of goods and materials back to the point of origin for reuse, recycling, or disposal.

Which of the following is NOT a common type of transportation used for domestic fashion logistics in India?

  1. Road Freight

  2. Rail Freight

  3. Air Freight

  4. Coastal Shipping


Correct Option: D
Explanation:

Coastal Shipping is not commonly used for domestic fashion logistics in India.

What is the term used to describe the practice of using technology to improve the efficiency and effectiveness of supply chain management and logistics processes?

  1. Supply Chain Digitalization

  2. Logistics Automation

  3. Blockchain in Supply Chain

  4. Internet of Things (IoT) in Supply Chain


Correct Option: A
Explanation:

Supply Chain Digitalization encompasses the use of technology to improve various aspects of supply chain management and logistics.

Which of the following is NOT a common challenge faced in managing fashion supply chains globally?

  1. Currency Fluctuations

  2. Political Instability

  3. Lack of Skilled Labor

  4. Advanced Infrastructure


Correct Option: D
Explanation:

Advanced Infrastructure is generally not considered a challenge in managing fashion supply chains globally.

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