Podcast
Questions and Answers
What does the supply chain refer to?
What does the supply chain refer to?
- The movement of materials only
- The movement of information within a single organization
- The sequence of organizations involved in the creation and delivery of goods and services (correct)
- The movement of cash through organizations
How does cash typically move through the supply chain?
How does cash typically move through the supply chain?
- It remains stagnant
- Backwards (correct)
- In both directions
- Forwards
Which component of the supply chain ends with the internal operations of a firm?
Which component of the supply chain ends with the internal operations of a firm?
- Demand component
- Both demand and supply component equally
- Neither demand nor supply component
- Supply component (correct)
In a supply chain, what does the demand component end with?
In a supply chain, what does the demand component end with?
How does the length of the supply component vary based on an organization's location in the supply chain?
How does the length of the supply component vary based on an organization's location in the supply chain?
In which direction does information typically move through the supply chain?
In which direction does information typically move through the supply chain?
What represents the single largest cost in logistics for businesses?
What represents the single largest cost in logistics for businesses?
What is another term used for return goods handling?
What is another term used for return goods handling?
What type of utility does marketing provide by offering delayed payments and credit?
What type of utility does marketing provide by offering delayed payments and credit?
Why should businesses pay close attention to reverse goods handling?
Why should businesses pay close attention to reverse goods handling?
Which of the following is NOT one of the seven rights in logistics?
Which of the following is NOT one of the seven rights in logistics?
What does the logistics activity of salvage and scrap disposal involve?
What does the logistics activity of salvage and scrap disposal involve?
What type of utility is created by delivering the product in the right quantity to avoid stockouts?
What type of utility is created by delivering the product in the right quantity to avoid stockouts?
What does providing replacement parts to customers fall under in logistics?
What does providing replacement parts to customers fall under in logistics?
Which utility is associated with making the product available for purchase or consumption at the right time?
Which utility is associated with making the product available for purchase or consumption at the right time?
Why do businesses need special types of vehicles for transporting finished products?
Why do businesses need special types of vehicles for transporting finished products?
In logistics, what is meant by the 'seven rights'?
In logistics, what is meant by the 'seven rights'?
What does inbound logistics refer to for manufacturing organizations?
What does inbound logistics refer to for manufacturing organizations?
Which department provides form utility to a product?
Which department provides form utility to a product?
What is the purpose of time utility in a product?
What is the purpose of time utility in a product?
Which activity is NOT part of outbound logistics?
Which activity is NOT part of outbound logistics?
What is possession utility in terms of a product?
What is possession utility in terms of a product?
Which type of utility involves making a product available for purchase or consumption at the right place?
Which type of utility involves making a product available for purchase or consumption at the right place?
What does the text emphasize as the relationship between business proximity to the end of the supply chain and supply chain components?
What does the text emphasize as the relationship between business proximity to the end of the supply chain and supply chain components?
What term is often used interchangeably with 'supply chain' in the text?
What term is often used interchangeably with 'supply chain' in the text?
What was a common practice for businesses in the past mentioned in the text regarding supply chain management?
What was a common practice for businesses in the past mentioned in the text regarding supply chain management?
Which of the following is NOT listed as a problem that resulted from businesses not paying attention to supply chain management?
Which of the following is NOT listed as a problem that resulted from businesses not paying attention to supply chain management?
What do organizations aim to achieve through the application of lean production systems and Total Quality Management (TQM)?
What do organizations aim to achieve through the application of lean production systems and Total Quality Management (TQM)?
What is the objective of lean production as described in the text?
What is the objective of lean production as described in the text?
