10 Questions
What is the primary objective of supply chain management?
To synchronize supply and demand
Which of the following is not typically considered a facility within a supply chain?
Data centers
What is the bullwhip effect in supply chain management?
The amplification of demand variability
Which of the following is not a function or activity of supply chain management?
Marketing strategy development
What is the sequence of organizations and activities involved in producing and delivering a product or service known as?
Supply chain
What is the bullwhip effect?
A phenomenon where small demand fluctuations at the retail level can cause progressively larger demand fluctuations at the supplier level
What are the elements of supply chain management?
Facilities, functions, and activities
What is a supply chain?
The sequence of organizations involved in producing and delivering a product or service
What is the objective of supply chain management?
To synchronize the flow of products, services, and information throughout the supply chain
Why is there a need to manage a supply chain?
To achieve potential benefits such as cost reduction and improved customer service
Test your knowledge of supply chain management with this quiz covering topics such as the definition of a supply chain, the importance and benefits of managing a supply chain, the objectives and elements of supply chain management, and the concept of the bullwhip effect and its causes.
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