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Questions and Answers
What is the primary function of logistics in a supply chain?
What is the primary function of logistics in a supply chain?
- Managing the flow of information
- Acquiring, transporting, and storing resources (correct)
- Coordinating with suppliers and manufacturers
- Forecasting demand and managing inventory
Which of the following is an example of a node in a supply chain?
Which of the following is an example of a node in a supply chain?
- A manufacturer (correct)
- A transportation company
- A logistics firm
- All of the above
What is the primary benefit of a single company overseeing the majority of the supply chain?
What is the primary benefit of a single company overseeing the majority of the supply chain?
- Enhanced customer relationships
- Reduced transportation costs
- Increased efficiency and control (correct)
- Improved forecasting and demand management
Which stage in the supply chain involves the movement of products from manufacturers to wholesalers?
Which stage in the supply chain involves the movement of products from manufacturers to wholesalers?
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What is the ultimate goal of a supply chain?
What is the ultimate goal of a supply chain?
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What is the role of distributors in a supply chain?
What is the role of distributors in a supply chain?
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What is the primary function of wholesalers in a supply chain?
What is the primary function of wholesalers in a supply chain?
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What is the key to the success of a supply chain?
What is the key to the success of a supply chain?
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What is the primary benefit of a supply chain that relies heavily on information technology?
What is the primary benefit of a supply chain that relies heavily on information technology?
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What is the primary goal of strategic planning in a supply chain?
What is the primary goal of strategic planning in a supply chain?
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