Podcast
Questions and Answers
What is one of the important trends in supply chains that enables companies to respond quickly to changes in demand?
What is one of the important trends in supply chains that enables companies to respond quickly to changes in demand?
- Electronic commerce
- People shortage
- Internet of Things (IoT)
- Agility (correct)
What is the primary goal of supply chain operations?
What is the primary goal of supply chain operations?
- To maximize customer value (correct)
- To improve forecasting
- To maximize profits
- To minimize costs
What is the role of information technologies in supply chain operations?
What is the role of information technologies in supply chain operations?
- To enable real-time data processing (correct)
- To improve communication
- To manage supply chain disruptions
- To improve forecasting
What is a critical skill for supply chain professionals in terms of decision-making?
What is a critical skill for supply chain professionals in terms of decision-making?
What is a key consideration in designing responses to supply chain disruptions?
What is a key consideration in designing responses to supply chain disruptions?
What is a component of infrastructure in supply chain operations?
What is a component of infrastructure in supply chain operations?
What is the primary objective of supply chain management?
What is the primary objective of supply chain management?
What is the definition of logistics?
What is the definition of logistics?
What is the relationship between logistics and supply chain management?
What is the relationship between logistics and supply chain management?
Why do organizations need to carefully manage their supply chains?
Why do organizations need to carefully manage their supply chains?
What is a characteristic of supply chain management?
What is a characteristic of supply chain management?
What is true about organizations and supply chains?
What is true about organizations and supply chains?
What is the primary goal of a supply chain strategy?
What is the primary goal of a supply chain strategy?
What is the benefit of establishing an information supply chain?
What is the benefit of establishing an information supply chain?
What is the purpose of a value index in supply chain strategy?
What is the purpose of a value index in supply chain strategy?
What is the term used to describe the process of selecting the right suppliers to partner with?
What is the term used to describe the process of selecting the right suppliers to partner with?
What is the term used to describe the ability of a supply chain to respond quickly to changes in demand?
What is the term used to describe the ability of a supply chain to respond quickly to changes in demand?
What is the primary advantage of a cross-docking warehousing system?
What is the primary advantage of a cross-docking warehousing system?
