Supply Chain Management Quiz
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Questions and Answers

What is the primary objective of supply chain management?

  • To maximize customer service
  • To increase the number of suppliers
  • To minimize the total supply chain cost
  • To synchronize supply and demand (correct)

    • Which of the following is not typically considered a facility within a supply chain?

  • Data centers (correct)
  • Factories
  • Warehouses
  • Retail outlets

    • What is the bullwhip effect in supply chain management?

  • The reduction of costs due to effective management
  • The amplification of demand variability (correct)
  • The smoothing of supply chain operations
  • The decrease in product quality over time

    • Which of the following is not a function or activity of supply chain management?

    <p>Marketing strategy development</p> Signup and view all the answers

    What is the sequence of organizations and activities involved in producing and delivering a product or service known as?

    <p>Supply chain</p> Signup and view all the answers

    What is the bullwhip effect?

    <p>A phenomenon where small demand fluctuations at the retail level can cause progressively larger demand fluctuations at the supplier level</p> Signup and view all the answers

    What are the elements of supply chain management?

    <p>Facilities, functions, and activities</p> Signup and view all the answers

    What is a supply chain?

    <p>The sequence of organizations involved in producing and delivering a product or service</p> Signup and view all the answers

    What is the objective of supply chain management?

    <p>To synchronize the flow of products, services, and information throughout the supply chain</p> Signup and view all the answers

    Why is there a need to manage a supply chain?

    <p>To achieve potential benefits such as cost reduction and improved customer service</p> Signup and view all the answers

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