Lecture 1: Supply Chain and Logistics
12 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary focus of logistics management?

  • Planning and controlling the supply chain
  • Transforming raw materials into finished goods
  • Coordinating customer relationships
  • Managing the flow and storage of goods, services, and related information (correct)

What is the definition of a supply chain?

  • The process of manufacturing a product
  • The network of suppliers, manufacturers, distributors, and retailers (correct)
  • The planning and controlling of logistics
  • The flow of goods from raw materials to end customers

What is the goal of supply chain management?

  • To manage the flow of goods and services
  • To optimize the supply chain for a single company
  • To maximize profits for individual companies
  • To improve the long-term performance of individual companies and the supply chain as a whole (correct)

What percentage of companies focus on integration with their first-tier suppliers?

<p>34% (D)</p> Signup and view all the answers

What is the definition of supply chain management?

<p>The systematic coordination of traditional business functions across companies (A)</p> Signup and view all the answers

How many key sub-processes are there for supply chain management?

<p>8 (D)</p> Signup and view all the answers

What was the state of activities under the SCM umbrella until the 1960s?

<p>Independent from each other (B)</p> Signup and view all the answers

What is the main purpose of inbound logistics?

<p>To receive and store raw materials (A)</p> Signup and view all the answers

What is the term for the set of activities that create value for a company?

<p>Value chain (A)</p> Signup and view all the answers

What is the relationship between the supply chain and the value chain?

<p>The supply chain is a subset of the value chain (A)</p> Signup and view all the answers

What is the result of the evolution of supply chain management from 2000 to today?

<p>All processes fall under SCM (B)</p> Signup and view all the answers

How did Michael Porter categorize primary activities?

<p>Into 5 categories (C)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Open
Browser
Browser