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Supply Chain Management Quiz

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Questions and Answers

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?

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?

In academic journals

In company reports

In casual conversation

In all of the above (correct)

What is the main topic of this chapter?

The process for building best-in-class supply chain management (A) Signup and view all the answers

How long has supply chain management been a critical business capability?

Between 20 and 30 years (D) Signup and view all the answers

True or false: Supply chain management has only become important in the past 30 years?

True (A) Signup and view all the answers

True or false: Supply chains are a new concept?

False (B) Signup and view all the answers

True or false: The phrase 'supply chain' is frequently mentioned in The Wall Street Journal?

True (A) Signup and view all the answers

True or false: Supply chain management is a critical business capability?

True (A) Signup and view all the answers

True or false: Entrepreneurs have been buying things from suppliers for a long time?

True (A) Signup and view all the answers

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.