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?

    <p>Critical thinking</p> Signup and view all the answers

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

    <p>Detecting changes in demand and supply</p> Signup and view all the answers

    What is a component of infrastructure in supply chain operations?

    <p>Transportation equipment</p> Signup and view all the answers

    What is the primary objective of supply chain management?

    <p>To maximize customer value and achieve a sustainable competitive advantage</p> Signup and view all the answers

    What is the definition of logistics?

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

    What is the relationship between logistics and supply chain management?

    <p>Logistics is a part of supply chain management</p> Signup and view all the answers

    Why do organizations need to carefully manage their supply chains?

    <p>To prosper and survive in a competitive market</p> Signup and view all the answers

    What is a characteristic of supply chain management?

    <p>It is an intercompany, boundary-spanning concept</p> Signup and view all the answers

    What is true about organizations and supply chains?

    <p>Most organizations function as part of larger supply chains</p> Signup and view all the answers

    What is the primary goal of a supply chain strategy?

    <p>To align with the overall business strategy</p> Signup and view all the answers

    What is the benefit of establishing an information supply chain?

    <p>Enhancing supply chain visibility</p> Signup and view all the answers

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

    <p>To prioritize performance dimensions</p> Signup and view all the answers

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

    <p>Supplier selection</p> 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?

    <p>Agility</p> Signup and view all the answers

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

    <p>Enhancing supply chain agility</p> Signup and view all the answers

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