Supply Chain Management Strategies
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Questions and Answers

What is a key benefit of effective supply chain management in terms of customer satisfaction?

  • Reducing inventory costs
  • Maximizing profit and minimizing waste
  • Enhancing overall customer satisfaction (correct)
  • Implementing a framework of concentration

What is the primary role of technology in global logistics and supply chains?

  • Recognizing and handling risks involved
  • Complying with international regulations
  • Forecasting demand accurately
  • Optimizing global logistics and supply chains (correct)

What is the main difference between global supply chain management and local supply chain management?

  • The level of technology used
  • The type of products or services offered
  • The geographic scope of operations (correct)
  • The level of profit maximization

How does The Coca-Cola Company manage its global supply chain?

<p>By keeping every aspect in-house (C)</p> Signup and view all the answers

What is the primary goal of global supply chain management in terms of cost leadership?

<p>Maximizing profit and minimizing waste (A)</p> Signup and view all the answers

What is the key to successful global supply chain management according to the text?

<p>All of the above (D)</p> Signup and view all the answers

What is the primary advantage of AI-driven quality control optimization?

<p>Reducing rework costs and enhancing customer satisfaction (B)</p> Signup and view all the answers

Which of the following is an autonomous decision made possible by AI systems?

<p>Order routing and transportation optimization (B)</p> Signup and view all the answers

What is the primary focus of international supply chain management?

<p>Coordinating activities with suppliers, manufacturers, distributors, and retailers globally (D)</p> Signup and view all the answers

How does AI-driven quality control optimization improve overall manufacturing efficiency?

<p>By improving product quality and reducing waste (D)</p> Signup and view all the answers

What is the primary benefit of automating routine and repetitive decisions across the supply chain?

<p>Reducing errors and improving efficiency (A)</p> Signup and view all the answers

What is the ultimate outcome of AI-driven supply chain optimization?

<p>Improved efficiency and responsiveness to changing market conditions (D)</p> Signup and view all the answers

What is the primary consequence of effective supply chain management in today's business landscape?

<p>Heightened customer satisfaction and a sustainable competitive edge (A)</p> Signup and view all the answers

What is a key characteristic of the supply chain besides involving suppliers, manufacturers, distributors, retailers, and customers?

<p>It is a multifaceted network (B)</p> Signup and view all the answers

What is a potential outcome of inefficient supply chain management?

<p>Reduced competitiveness (D)</p> Signup and view all the answers

What is an example of a company that has demonstrated the benefits of adept supply chain management?

<p>Apple, Tesla, and Amazon (B)</p> Signup and view all the answers

What is the key driver of cost leadership in supply chain management?

<p>Effective supply chain management (B)</p> Signup and view all the answers

What is the primary goal of collaborative ecosystem development in supply chain management?

<p>To bring products and services from conception to consumption (D)</p> Signup and view all the answers

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