Supply Chain Management Quiz

Procurement = Purchasing raw materials/components Operations management = Ensuring high-quality, flexible, and cost-effective production Logistics = Movement and storage of raw materials, work-in-process inventory, and finished goods Marketing channels = Delivering finished products to end customers through various channels

Design, planning, execution, control, and monitoring of supply chain activities = Narrow definition of SCM Creation of net value, building competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand, measuring performance globally = Objective of SCM Interconnected, interrelated, or interlinked networks, channels, and node businesses = Combination in SCM End to end order fulfilment from point of origin to point of consumption = Inclusion in SCM

Creating net value = Building a competitive infrastructure Leveraging worldwide logistics = Synchronising supply with demand Measuring performance globally = Objective of SCM Ensuring high-quality, flexible, and cost-effective production = Operations management

<p>Raw materials = Can be developed into finished products Work-in-process inventory = Stored during production process Finished goods = Delivered to end customers End to end order fulfilment = From point of origin to point of consumption</p> Signup and view all the answers

<p>Interconnected, interrelated, or interlinked networks, channels, and node businesses = Combination in SCM Marketing channels = Delivering finished products to end customers through various channels Logistics = Movement and storage of raw materials, work-in-process inventory, and finished goods Operations management = Ensuring high-quality, flexible, and cost-effective production</p> Signup and view all the answers

<p>The key components of supply chain management include procurement, operations management, logistics, and marketing channels.</p> Signup and view all the answers

<p>A more narrow definition of supply chain management is the 'design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronising supply with demand and measuring performance globally.'</p> Signup and view all the answers

<p>Supply chain management encompasses the movement and storage of raw materials, work-in-process inventory, finished goods, and end-to-end order fulfillment from the point of origin to the point of consumption.</p> Signup and view all the answers

<p>Interconnected, interrelated, or interlinked networks, channels, and node businesses combine to develop raw materials into finished products and deliver them to end customers.</p> Signup and view all the answers

<p>The objective of supply chain management is to create net value, build a competitive infrastructure, leverage worldwide logistics, synchronize supply with demand, and measure performance globally.</p> Signup and view all the answers