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Supply Chain Management Essentials Quiz

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Questions and Answers

What is the main focus of Module 1 in the course pack?

Strategic Purchasing Management

Role of RFID in Inventory Management

Introduction to Supply Chain Management (correct)

Advanced Inventory Management Techniques

What is the purpose of ABC classification in inventory management?

To identify inventory turnover rates

To categorize inventory based on alphabetical order

To determine the quantity of inventory to be ordered

To prioritize inventory items based on their importance (correct)

What is the strategic impact of purchasing on an organization's competitive advantage?

It only affects the procurement process

It has no significant impact on competitive advantage

It can contribute to cost savings and differentiation (correct)

It primarily influences inventory turnover

What is the primary function of RFID in inventory management?

<p>To track and manage inventory in real-time</p> Signup and view all the answers

What is the key difference between dependent and independent demand inventories?

<p>Dependent demand is derived from the demand for other items, while independent demand is not</p> Signup and view all the answers

Study Notes

Course Overview

Course title: Supply Chain Management
Author: Raffy A.Jubahib
Credits: 3 units

Course Objectives

Understand the importance of supply chain management in today's business environment
Develop critical management skills:
- Negotiating
- Working effectively in a diverse business environment
- Ethical decision making
- Using information technology
Familiarize with current supply chain management trends
Apply current supply chain theories, practices, and concepts using:
- Case problems
- Problem-based learning situations

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Description

Test your knowledge of supply chain management with this quiz covering major building blocks, functions, business processes, performance metrics, and strategic decisions in supply chain networks. See how well you understand the key concepts and principles of supply chain management.