7 Questions
What are the external forces that drive change according to the text?
Globalization, technology, organizational consolidation, empowered consumer, government policy
What did supply chain management evolve from according to the text?
Physical distribution and logistics management
What are the four areas that supply chains manage according to the text?
Products, information, financials, and demand
According to the text, is supply chain management a goal or a journey?
A journey
What is necessary for success in supply chain management according to the text?
Collaborative relationships
How should performance be measured in supply chain management according to the text?
In terms of overall corporate goals
What should supply chains focus on according to the text?
End customers and being flexible and responsive
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.
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!
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