5 Questions
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
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
What is the primary role of the supplier in a supply chain?
To provide raw materials to the manufacturer
What is the main benefit of implementing a just-in-time (JIT) inventory system?
Reducing inventory levels and minimizing storage costs
What is the primary goal of supply chain visibility?
To provide end-to-end visibility of the entire supply chain
Test your knowledge of supply chain management fundamentals, including primary objectives, differences between supply chain and supply network, and the role of suppliers. Learn about just-in-time inventory systems and supply chain visibility goals.
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