Supply Chain Management

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Questions and Answers

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?

  • 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?

  • 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?

<p>Minimizing production cost (B)</p> Signup and view all the answers

Which of the following terms is synonymous with supply chain management?

<p>Logistics management (C)</p> Signup and view all the answers

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