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Supply Chain Management: Trends and Operations

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Supply Chain Management: Trends and Operations

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Questions and Answers

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?

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?

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?

Critical thinking Signup and view all the answers

What is a key consideration in designing responses to supply chain disruptions?

Detecting changes in demand and supply Signup and view all the answers

What is a component of infrastructure in supply chain operations?

Transportation equipment Signup and view all the answers

What is the primary objective of supply chain management?

To maximize customer value and achieve a sustainable competitive advantage Signup and view all the answers

What is the definition of logistics?

The planning, implementation, and control of the flow and storage of goods and services Signup and view all the answers

What is the relationship between logistics and supply chain management?

Logistics is a part of supply chain management Signup and view all the answers

Why do organizations need to carefully manage their supply chains?

To prosper and survive in a competitive market Signup and view all the answers

What is a characteristic of supply chain management?

It is an intercompany, boundary-spanning concept Signup and view all the answers

What is true about organizations and supply chains?

Most organizations function as part of larger supply chains Signup and view all the answers

What is the primary goal of a supply chain strategy?

To align with the overall business strategy Signup and view all the answers

What is the benefit of establishing an information supply chain?

Enhancing supply chain visibility Signup and view all the answers

What is the purpose of a value index in supply chain strategy?

To prioritize performance dimensions Signup and view all the answers

What is the term used to describe the process of selecting the right suppliers to partner with?

Supplier selection Signup and view all the answers

What is the term used to describe the ability of a supply chain to respond quickly to changes in demand?

Agility Signup and view all the answers

What is the primary advantage of a cross-docking warehousing system?

Enhancing supply chain agility Signup and view all the answers

Supply Chain Management: Trends and Operations

Choose a study mode

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 the primary goal of supply chain operations?

What is the role of information technologies in supply chain operations?

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 component of infrastructure in supply chain operations?

What is the primary objective of supply chain management?

What is the definition of logistics?

What is the relationship between logistics and supply chain management?

Why do organizations need to carefully manage their supply chains?

What is a characteristic of supply chain management?

What is true about organizations and supply chains?

What is the primary goal of a supply chain strategy?

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 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 primary advantage of a cross-docking warehousing system?

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