Mastering the Essentials of Supply Chain Management
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Questions and Answers

Which stage of the supply chain is responsible for sourcing raw material inputs?

  • Suppliers (correct)
  • Manufacturers/Producers
  • Wholesalers/Distributors
  • Retailers

    • Which activities refer to the distribution of the product to the final customer?

  • Retail activities
  • Manufacturing activities
  • Upstream supply
  • Downstream supply (correct)

    • What is the Bullwhip Effect in supply chain management?

  • The fluctuation and distortion of information increases as it moves up the supply chain (correct)
  • The longer the supply chain, the greater the opportunity for the Bullwhip Effect
  • The increase in inventory at each stage of the supply chain
  • Sharing point-of-sale information with all members of the supply chain

    • Which action can combat the Bullwhip Effect in supply chain management?

    <p>Sharing point-of-sale information with all members of the supply chain</p> Signup and view all the answers

    What is the purpose of Supply Chain Management (SCM)?

    <p>Design and management of flows of products, information, and funds throughout the supply chain</p> Signup and view all the answers

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