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12 Questions

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Understanding the Supply Chain

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Questions and Answers

What is the primary goal of a supply chain?

Maximizing profit for the manufacturer

Minimizing costs for the customer

Fulfilling a customer request (correct)

Optimizing warehouse operations

Which function is NOT typically part of a supply chain within an organization like a manufacturer?

Research & Development

Marketing

Quality Control (correct)

Finance

In the context of supply chain, what is meant by the push/pull views?

Push views emphasize forecasting, while pull views react to demand. (correct)

Push views involve immediate delivery, while pull views delay fulfillment.

Push views focus on long-term strategy, while pull views are short-term oriented.

Push views promote collaboration, while pull views prioritize competition.

Which party is typically NOT involved in the stages of a supply chain?

Product end-users (C) Signup and view all the answers

How are products, information, and funds primarily linked between different stages in a supply chain?

Through the constant flow of information, product, and funds (B) Signup and view all the answers

What does a dynamic supply chain involve primarily?

Constant exchange of information, product, and funds (B) Signup and view all the answers

What is the main objective of every supply chain?

Maximize overall value generated (C) Signup and view all the answers

How is supply chain success best measured?

In terms of supply chain profitability (A) Signup and view all the answers

What is the relationship between value generated and supply chain profitability?

They are directly proportional (D) Signup and view all the answers

What is the source of revenue for any supply chain?

The customer (D) Signup and view all the answers

What does effective supply chain management involve?

Maximizing total supply chain profitability (C) Signup and view all the answers

Why are the management of supply chain flows important for success?

To maximize total supply chain profitability (A) Signup and view all the answers