Supply Chain Management Basics
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Questions and Answers

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?

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

    How does supply chain management contribute to end customer satisfaction?

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

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

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

    What is the main focus of supply chain management?

    <p>Coordinating the flow of materials, information, and capital</p> Signup and view all the answers

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

    <p>1982</p> Signup and view all the answers

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

    <p>Ethical issues and transparency</p> Signup and view all the answers

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

    <p>Management focus vs. mathematical model focus</p> Signup and view all the answers

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

    <p>Final consumer</p> Signup and view all the answers

    What does supply chain resilience refer to?

    <p>Ability to recover from disruptions</p> Signup and view all the answers

    What is the goal of supply chain management?

    <p>Minimizing total costs</p> Signup and view all the answers

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