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Questions and Answers
What is the primary objective of supply chain management?
What is the primary objective of supply chain management?
- 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
What is the main difference between a supply chain and a supply network?
What is the main difference between a supply chain and a supply network?
- 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
What is the primary role of the supplier in a supply chain?
What is the primary role of the supplier in a supply chain?
- 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
What is the main benefit of implementing a just-in-time (JIT) inventory system?
What is the main benefit of implementing a just-in-time (JIT) inventory system?
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What is the primary goal of supply chain visibility?
What is the primary goal of supply chain visibility?
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