Supply Chain Management Basics

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What is the objective of supply chain management?

To decrease flexibility in operations management

To create net value and build a competitive infrastructure (correct)

To increase production cost

To reduce the quality of products

What does supply chain management encompass?

Only marketing channels

Design, planning, execution, control, and monitoring of supply chain activities (correct)

Only procurement activities

Raw material development and storage

What is the role of marketing channels in supply chain management?

They are unrelated to supply chain management

They play no role in the provision of products and services

They are not important in supply chain management

They play an important role in supply chain management (correct)

What does logistics involve in supply chain management?

Movement and storage of raw materials, work-in-process inventory, finished goods, and order fulfillment Signup and view all the answers

How does supply chain management contribute to end customer satisfaction?

By synchronizing supply with demand and ensuring high-quality products at high speed Signup and view all the answers

What is the focus of operations management in supply chain management?

Ensuring high-quality products at high speed with good flexibility and low production cost Signup and view all the answers

What is the main focus of supply chain management?

Coordinating the flow of materials, information, and capital Signup and view all the answers

When was the term 'supply chain management' first introduced to the public domain?

1982 Signup and view all the answers

What is the 'people dimension' of supply chain management related to?

Ethical issues and transparency Signup and view all the answers

What is the difference between supply chain management and supply chain engineering?

Management focus vs. mathematical model focus Signup and view all the answers

Supply Chain Management Basics

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Questions and Answers

What is the objective of supply chain management?

What does supply chain management encompass?

What is the role of marketing channels in supply chain management?

What does logistics involve in supply chain management?

How does supply chain management contribute to end customer satisfaction?

What is the focus of operations management in supply chain management?

What is the main focus of supply chain management?

When was the term 'supply chain management' first introduced to the public domain?

What is the 'people dimension' of supply chain management related to?

What is the difference between supply chain management and supply chain engineering?

According to Mentzer et al., what was included within the early definitions of supply chains?

What does supply chain resilience refer to?

What is the goal of supply chain management?

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