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Test Your Knowledge of Supply Chain Management and External Forces!

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Test Your Knowledge of Supply Chain Management and External Forces!

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Questions and Answers

What are the external forces that drive change according to the text?

Globalization, technology, organizational consolidation, empowered consumer, government policy (correct)

Nationalization, technology, organizational consolidation, disempowered consumer, government policy

Globalization, technology, organizational expansion, empowered consumer, government policy

Regionalization, technology, organizational consolidation, empowered consumer, government regulation

What did supply chain management evolve from according to the text?

Human resource management

Financial management

Marketing and advertising management

Physical distribution and logistics management (correct)

What are the four areas that supply chains manage according to the text?

Products, information, financials, and demand (correct)

Products, information, financials, and supply

Products, technology, financials, and demand

Products, information, demand, and marketing

According to the text, is supply chain management a goal or a journey?

A journey Signup and view all the answers

What is necessary for success in supply chain management according to the text?

Collaborative relationships Signup and view all the answers

How should performance be measured in supply chain management according to the text?

In terms of overall corporate goals Signup and view all the answers

What should supply chains focus on according to the text?

End customers and being flexible and responsive Signup and view all the answers

Study Notes

Five external forces drive change: globalization, technology, organizational consolidation, empowered consumer, government policy
Supply chain management evolved from physical distribution and logistics management
Supply chains manage products, information, financials, and demand
Supply chain management is a journey, not a goal
Collaborative relationships are necessary for success
Performance must be measured in terms of overall corporate goals
Supply chains must focus on end customers and be flexible and responsive
Technology is important but must follow a process and educate people
Transportation management and security are increasingly important
Change is necessary to remain competitive.

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Description

Test your knowledge of supply chain management and the external forces driving change with this quiz! From globalization to technology, collaborative relationships to transportation management, this quiz covers all the key aspects of supply chain management. See how much you know about managing products, information, financials, and demand, and why it's important to focus on end customers and be flexible and responsive. Don't miss out on the chance to test your knowledge and learn more about this essential business function!