Which of the following is NOT one of the three main aspects considered in ethical procurement?

• A. Environmental aspects
• B. Social aspects
• C. Economic profit
• D. Best value for money

What does the Triple Bottom Line (TBL) focus on?

• A. Price, quality, and delivery
• B. Cost, control, and compliance
• C. People, planet, and profit
• D. Environment, ethics, and equity

What is the purpose of whole life costing in procurement?

• A. To analyse total ownership costs over time
• B. To measure brand loyalty
• C. To find the lowest initial price
• D. To determine supplier credit rating

Inventory includes only finished goods ready for sale.

TQM encourages only top management to be responsible for quality.

The “House of Quality” helps translate customer requirements into technical specifications.

What does logistics involve?

• A. Only transportation and warehousing
• B. Procurement, production, and distribution
• C. Inventory control only
• D. Marketing and customer service

Which of the following is NOT one of the eight supply chain processes?

• A. Returns management
• B. Order fulfillment
• C. Demand management
• D. Procurement planning

What is the purpose of supply chain optimisation?

• A. To eliminate staff
• B. To maximize profit at each department
• C. To synchronise and eliminate non-value-adding activities
• D. To invest in more warehouses

3PL providers typically offer warehousing and transportation services.

3PL and 4PL help companies focus on their core competencies.

A 4PL owns the physical logistics assets used in the supply chain.

Service developers provide basic logistics services only.

Customer adapters create new logistics services for clients.

Decision risks and chaos risks are categories in Cranfield’s supply chain risk model.