16 Questions
What is the main focus of a supply chain?
Flow of products and services
Which of the following is NOT a part of a supply chain?
Marketing agencies
What does a generic supply chain involve the flow of?
Raw materials and services
Which element is NOT considered important in supply chain management?
Marketing
What is one way in which a supply chain is integrated?
Through sharing of information and planning activities
What is an important consideration in supply chain management related to costs?
Inventory and warehousing costs
What is the goal of Supply Chain Management?
To minimize system cost and maximize customer service requirements
What are the important elements of Supply Chain Management?
Supplier alliances, demand management, and performance measurement
What is the definition of Supply Chain Management?
The design and management of seamless process across organizational boundaries to meet the real needs of the end customer
What do firms with large inventories, large number of suppliers, and complex products benefit most from?
Lower purchasing/inventory costs
What is meant by 'second tier' in the context of Supply Chain Management?
The supplier's suppliers and the customer's customers
What is MRP in the context of Supply Chain Management?
Material Requirement Planning
What are the benefits of Supply Chain Management for firms with large purchasing budgets?
Lower purchasing/inventory costs, higher quality/customer service
What does 'TQM' stand for in the context of Supply Chain Management?
Total Quality Management
What is meant by 'strategic partnerships' in Supply Chain Management?
Long-term relationships with top-performing suppliers
What is the primary focus of supplier management in Supply Chain Management?
Ensuring on-time delivery and quality of products/services
Learn about the flows in a supply chain, including the movement of products and services from raw material manufacturers to end customers, as well as the role of agents, transportation, and information sharing. This quiz provides an overview of the interconnected processes in supply chain management.
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