Supply Chain Management Quiz

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What does supply chain management (SCM) encompass in commerce?

Only procurement and logistics

Procurement, operations management, logistics, and marketing channels (correct)

Marketing channels, quality control, and transportation

Operations management, marketing channels, and quality control

How is supply chain management (SCM) defined in a narrow sense?

Planning, execution, and monitoring of supply chain activities to maximize production speed

Design, planning, execution, control, and monitoring of supply chain activities to create net value (correct)

Execution, control, and monitoring of supply chain activities to increase flexibility

Design, planning, and control of supply chain activities to reduce costs

What does supply chain management (SCM) encompass in terms of order fulfilment?

Order fulfilment only at the point of consumption

Order fulfilment from the point of production to the point of consumption

End to end order fulfilment from the point of origin to the point of consumption (correct)

Order fulfilment only at the point of origin

What types of inventory are involved in supply chain management (SCM)?

Raw materials, work-in-process inventory, finished goods Signup and view all the answers

What is the objective of supply chain management (SCM) activities?

Creating net value, building a competitive infrastructure, synchronising supply with demand Signup and view all the answers

What does supply chain management (SCM) encompass in terms of operations management?

Ensuring high-quality product production at high speed and low cost Signup and view all the answers

What is the main objective of supply chain management (SCM) activities?

Creating net value and building a competitive infrastructure Signup and view all the answers

What is included in the scope of supply chain management (SCM) in terms of logistics?

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

What does the narrow definition of supply chain management (SCM) emphasize?

Design, planning, execution, control, and monitoring of supply chain activities Signup and view all the answers

What do interconnected, interrelated, or interlinked networks, channels, and node businesses combine in?

Supply chain management Signup and view all the answers

Supply Chain Management Quiz

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Questions and Answers

What does supply chain management (SCM) encompass in commerce?

How is supply chain management (SCM) defined in a narrow sense?

What does supply chain management (SCM) encompass in terms of order fulfilment?

What types of inventory are involved in supply chain management (SCM)?

What is the objective of supply chain management (SCM) activities?

What does supply chain management (SCM) encompass in terms of operations management?

What is the main objective of supply chain management (SCM) activities?

What is included in the scope of supply chain management (SCM) in terms of logistics?

What does the narrow definition of supply chain management (SCM) emphasize?

What do interconnected, interrelated, or interlinked networks, channels, and node businesses combine in?

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