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Questions and Answers
What is the primary focus of supply chains?
What is the primary focus of supply chains?
- 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
What distinguishes a supply network from a supply chain?
What distinguishes a supply network from a supply chain?
- 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
What is the main goal of supply chain management?
What is the main goal of supply chain management?
- 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)
