Supply Chain Management Quiz
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Questions and Answers

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)?

<p>Raw materials, work-in-process inventory, finished goods (A)</p> Signup and view all the answers

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

<p>Creating net value, building a competitive infrastructure, synchronising supply with demand (C)</p> Signup and view all the answers

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

<p>Ensuring high-quality product production at high speed and low cost (A)</p> Signup and view all the answers

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

<p>Creating net value and building a competitive infrastructure (C)</p> Signup and view all the answers

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

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

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

<p>Design, planning, execution, control, and monitoring of supply chain activities (B)</p> Signup and view all the answers

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

<p>Supply chain management (B)</p> Signup and view all the answers

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