Podcast
Questions and Answers
Which of the following accurately describes the evolution of supply chain management?
Which of the following accurately describes the evolution of supply chain management?
- Supply chain management has always been a critical business capability.
- Supply chain management has only recently become a critical business capability. (correct)
- Supply chain management is not important in today's business environment.
- Supply chain management is still a vague academic concept.
What is one reason why supply chain management has become important?
What is one reason why supply chain management has become important?
- The Wall Street Journal has been reporting on it.
- It has become a trendy topic in the news.
- It is a critical business capability. (correct)
- Entrepreneurs have been buying things from suppliers.
Where can you find references to supply chains?
Where can you find references to supply chains?
- In academic journals
- In company reports
- In casual conversation
- In all of the above (correct)
What is the main topic of this chapter?
What is the main topic of this chapter?
How long has supply chain management been a critical business capability?
How long has supply chain management been a critical business capability?
True or false: Supply chain management has only become important in the past 30 years?
True or false: Supply chain management has only become important in the past 30 years?
True or false: Supply chains are a new concept?
True or false: Supply chains are a new concept?
True or false: The phrase 'supply chain' is frequently mentioned in The Wall Street Journal?
True or false: The phrase 'supply chain' is frequently mentioned in The Wall Street Journal?
True or false: Supply chain management is a critical business capability?
True or false: Supply chain management is a critical business capability?
True or false: Entrepreneurs have been buying things from suppliers for a long time?
True or false: Entrepreneurs have been buying things from suppliers for a long time?
Study Notes
Evolution of Supply Chain Management
- The concept of supply chain management has evolved over time, but it is not a new concept.
- Entrepreneurs have been buying things from suppliers for a long time, indicating that supply chain management has a long history.
Importance of Supply Chain Management
- One reason why supply chain management has become important is that it has become a critical business capability.
References to Supply Chains
- References to supply chains can be found in various sources, including The Wall Street Journal.
Chapter Overview
- The main topic of this chapter is supply chain management.
Timeline of Supply Chain Management
- Supply chain management has been a critical business capability for more than 30 years.
- The phrase 'supply chain' is frequently mentioned in The Wall Street Journal, indicating its importance in recent times.
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Description
Test your knowledge on the growing demand for supply chain management and gain a deeper understanding of complex business challenges, supply chain tasks, and management principles. Explore the new supply chain agenda and stay up to date with the latest trends in this essential field.
