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Questions and Answers
Which one of the following is the main objective of supply chain management?
Which one of the following is the main objective of supply chain management?
- To manage all the resources required for designing products and providing services
- To design a strategy that yields maximum profit
- To monitor and relate production, distribution, and shipment of products and services (correct)
- To develop a plan or strategy to address how the products and services will satisfy the demands and necessities of the customers
What is the initial stage of the supply chain process?
What is the initial stage of the supply chain process?
- Distribution stage
- Production stage
- Planning stage (correct)
- Sales stage
What does supply chain management mainly focus on?
What does supply chain management mainly focus on?
- Managing internal inventories, production, distribution, and sales
- Shipping products and services to the customers
- Planning and developing a set of metrics (correct)
- Developing a strategy that yields maximum profit
