10 Questions
What is the primary reason for understanding and managing supply chain risks?
To ensure a smooth and efficient supply chain operation
What type of supply chain risk is associated with production delays and equipment failures?
Internal Supply Chain Risks
Which type of supply chain risk is related to fluctuations in customer demand and market trends?
Demand Risks
What is the primary consequence of not managing supply chain risks?
Disruptions in supply chain operations
Which type of supply chain risk is associated with supplier bankruptcies and quality issues with supplied materials?
Supplier Risks
What is the primary goal of a supply chain?
To ensure the efficient and timely flow of materials, information, and funds
Which of the following is NOT a characteristic of a supply chain?
A one-time transaction between a supplier and a customer
What is the term for potential disruptions or challenges that can occur within the supply chain process?
Supply chain risks
What is the term for the entire process starting from raw materials sourcing to the final distribution of the finished product?
Supply chain
What is the primary focus of supply chain risk management?
To manage potential disruptions or challenges in the supply chain process
Learn about the common risks in supply chain management, the risk management process, and the importance of managing risks. Understand the concept of supply chain and its components. Test your knowledge with this quiz!
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