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Questions and Answers
Which of the following best describes supply chain management?
Which of the following best describes supply chain management?
- A system of procurement and logistics (correct)
- A system of marketing and sales
- A system of human resource management
- A system of financial management
What is the main objective of supply chain management?
What is the main objective of supply chain management?
- Maximizing profit
- Building a competitive infrastructure
- Creating net value (correct)
- Minimizing production cost
Which of the following is NOT included in the scope of supply chain management?
Which of the following is NOT included in the scope of supply chain management?
- Movement and storage of raw materials
- Finished goods
- Work-in-process inventory
- Point of consumption to point of origin (correct)
What does operations management in supply chain management focus on?
What does operations management in supply chain management focus on?
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Which of the following terms is synonymous with supply chain management?
Which of the following terms is synonymous with supply chain management?
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