Introduction to Supply Chain Management
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Questions and Answers

What is the main goal of supply chain management?

  • To deliver the best value to the end customer (correct)
  • To maintain excess inventories in the supply pipeline
  • To increase excess costs in the supply pipeline
  • To increase inefficiencies in the supply pipeline

How does supply chain management differ from prior practices?

  • It focuses on inefficient supply pipeline
  • It aims to maintain excess inventories
  • It involves increasing excess costs
  • It revolves around delivering value to customers (correct)

What does the term 'supply chain' refer to?

  • A group of unrelated manufacturers
  • A collection of unrelated facilities
  • A set of obsolete manufacturing practices
  • A network of facilities and distribution options (correct)

What is a key driver behind implementing supply chain management?

<p>Removing inefficiencies and excess costs (A)</p> Signup and view all the answers

How does supply chain management impact systemwide costs?

<p>Minimizes systemwide costs (A)</p> Signup and view all the answers

What is the primary focus of SCM in terms of merchandise distribution?

<p>Distributing merchandise at the right quantities, locations, and time (B)</p> Signup and view all the answers

What is the primary goal of supply chain management?

<p>To deliver the best value to the end customer (B)</p> Signup and view all the answers

What is the role of advanced software technology in supply chain management?

<p>To create value for the end customer (A)</p> Signup and view all the answers

How does supply chain management differ from prior practices?

<p>By removing inefficiencies and excess costs (A)</p> Signup and view all the answers

What entities are integrated in supply chain management?

<p>Suppliers, manufacturers, warehouses, and stores (A)</p> Signup and view all the answers

What functions does a supply chain network perform?

<p>All of the above (D)</p> Signup and view all the answers

Why is minimizing systemwide costs important in supply chain management?

<p>To satisfy service level requirements while minimizing costs (D)</p> Signup and view all the answers

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