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Ethical Procurement and Centralized Decision Making Quiz

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Ethical Procurement and Centralized Decision Making Quiz

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Questions and Answers

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?

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?

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?

Distribution Signup and view all the answers

What is the ultimate goal of a supply chain?

To deliver products to end consumers Signup and view all the answers

What is the role of distributors in a supply chain?

To transport products to wholesalers Signup and view all the answers

What is the primary function of wholesalers in a supply chain?

To sell products to retailers Signup and view all the answers

What is the key to the success of a supply chain?

Information technology Signup and view all the answers

What is the primary benefit of a supply chain that relies heavily on information technology?

Increased efficiency Signup and view all the answers

What is the primary goal of strategic planning in a supply chain?

To develop a competitive strategy Signup and view all the answers