5 Questions
What is the definition of Supply Chain Management according to the Institute for Supply Management?
The design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer
What does the Supply Chain consist of?
The flow of products and services from raw materials manufacturers to retailers
What does Supply Chain Management involve coordination with?
Channel partners such as suppliers, intermediaries, third party service providers, and customers
What are many large firms moving away from in favor of Supply Chain Management?
In-house Vertically Integrated structures
What are the activities involved in Supply Chain Management?
Sourcing and procurement, conversion, and all logistics management activities
Test your knowledge of supply chain management with this quiz on the planning, coordination, and management of sourcing, procurement, conversion, and logistics activities to meet the needs of the end customer.
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