Supply Chain Management Quiz

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Questions and Answers

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?

  • 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?

  • 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?

<p>In-house Vertically Integrated structures (A)</p> Signup and view all the answers

What are the activities involved in Supply Chain Management?

<p>Sourcing and procurement, conversion, and all logistics management activities (C)</p> Signup and view all the answers

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