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Question 1: Correct answer: Option (C); is correct because the main aim of responsive
supply chain is to increase speed and minimise time in responding to market volatility
(Demand).
Question 2: Correct answer: Option (C), ABC analysis make use of through
investigation of key factors such as Price, Demand for different inventories among
others.
Question 3: Correct answer: Option (C), Goods with high quantity value and low rand
value.
Question 4: Correct answer: Option (A), Supply chain thinking is in essence a
management philosophy aimed at integrating a network of upstream linkages (supply
sources), internal linkages inside the organisation, and downstream linkages
(distribution and ultimate customers) in order to create customer value.
Question 5: Correct answer: Option (D), Multiple suppliers reduces the risk of stocking
out as well as increasing the variety and quality of products.
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