Supply Chain Management Quiz

Managing the flow of products from raw material to consumer (correct)

Optimizing collaboration within a network of suppliers and customers

Minimizing costs in the distribution process

Maximizing efficiency in the movement of goods and services

Supply chain management is a broader concept than supply network

Supply chain focuses solely on the movement of goods from supplier to consumer

Supply network emphasizes coordination among various entities in the industry (correct)

Supply network involves only the physical flow of products

Minimizing inventory levels across the supply chain

Maximizing the independence of each supply chain entity

Reducing the number of suppliers in the network

Optimizing the overall performance of the supply chain (correct)