18 Questions
What is one of the important trends in supply chains that enables companies to respond quickly to changes in demand?
Agility
What is the primary goal of supply chain operations?
To maximize customer value
What is the role of information technologies in supply chain operations?
To enable real-time data processing
What is a critical skill for supply chain professionals in terms of decision-making?
Critical thinking
What is a key consideration in designing responses to supply chain disruptions?
Detecting changes in demand and supply
What is a component of infrastructure in supply chain operations?
Transportation equipment
What is the primary objective of supply chain management?
To maximize customer value and achieve a sustainable competitive advantage
What is the definition of logistics?
The planning, implementation, and control of the flow and storage of goods and services
What is the relationship between logistics and supply chain management?
Logistics is a part of supply chain management
Why do organizations need to carefully manage their supply chains?
To prosper and survive in a competitive market
What is a characteristic of supply chain management?
It is an intercompany, boundary-spanning concept
What is true about organizations and supply chains?
Most organizations function as part of larger supply chains
What is the primary goal of a supply chain strategy?
To align with the overall business strategy
What is the benefit of establishing an information supply chain?
Enhancing supply chain visibility
What is the purpose of a value index in supply chain strategy?
To prioritize performance dimensions
What is the term used to describe the process of selecting the right suppliers to partner with?
Supplier selection
What is the term used to describe the ability of a supply chain to respond quickly to changes in demand?
Agility
What is the primary advantage of a cross-docking warehousing system?
Enhancing supply chain agility
Test your knowledge of supply chain management, including the SCOR model, important trends, and the role of information technology and people in maximizing customer value. Learn about the importance of agility, speed, and local responsiveness in supply chain operations.
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