Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the definition of Supply Chain Management according to the Institute for Supply Management?
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 (correct)
- The coordination with channel partners to meet the needs of the end customer
- The planning and management of activities involved in sourcing and procurement only
- The management of all logistics management activities
What does the Supply Chain consist of?
What does the Supply Chain consist of?
- The flow of products and services from manufacturers to transportation and storage activities
- The flow of products and services from raw materials manufacturers to retailers (correct)
- The flow of products and services from wholesalers to customers
- The flow of products and services from retailers to raw materials manufacturers
What does Supply Chain Management involve coordination with?
What does Supply Chain Management involve coordination with?
- Only intermediaries and third party service providers
- Only suppliers and customers
- Suppliers and manufacturers
- Channel partners such as suppliers, intermediaries, third party service providers, and customers (correct)
What are many large firms moving away from in favor of Supply Chain Management?
What are many large firms moving away from in favor of Supply Chain Management?
Signup and view all the answers
What are the activities involved in Supply Chain Management?
What are the activities involved in Supply Chain Management?
Signup and view all the answers
