Supply Chain Management Basics
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Questions and Answers

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?

  • 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?

  • 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?

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

What is the primary goal of supply chain visibility?

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

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