Supply Chain Management Basics

To ensure the smooth flow of goods, services, and information from raw materials to end customers (correct)

To create a competitive advantage through differentiation

To maximize profits by minimizing costs

To focus on the production and distribution of products

A supply chain is a linear system, while a supply network is a complex system (correct)

A supply chain focuses on the flow of goods, while a supply network focuses on the flow of information

A supply chain is a local system, while a supply network is a global system

A supply chain is a network of organizations, while a supply network is a linear system

To manage the distribution of the final product to the end customer

To design and manufacture the final product

To provide raw materials to the manufacturer (correct)

To manage the inventory levels of the manufacturer

<p>Reducing inventory levels and minimizing storage costs (C)</p> Signup and view all the answers

<p>To provide end-to-end visibility of the entire supply chain (C)</p> Signup and view all the answers