Key Elements of Supply Chain Management Quiz

LovableConstellation avatar
LovableConstellation
·

Start Quiz

Study Flashcards

16 Questions

What is the purpose of strategic partnerships in supply chain management?

To create successful and trusting long-term relationships with top-performing suppliers

Which operation concept aims to match demand to available capacity?

Demand Management

What is the purpose of Total Quality Management (TQM) in supply chain management?

To improve quality compliance among buyers and suppliers

What does MRP stand for in supply chain operations?

Materials Requirement Planning

What is the main focus of supplier management in supply chain purchasing?

Improving performance through supplier evaluation and certification

What does ERP stand for in supply chain operations?

Enterprise Resource Planning

What is the main focus of distribution in supply chain management?

All of the above

What is the primary goal of supply chain integration?

To work for common goals and require intrafirm functional integration

What are the advantages of global supply chains?

Lower cost and higher quality suppliers

What is a crucial factor for firms to know if their supply chain procedures are working?

Supply chain performance measurement

What is the primary focus of global optimization in supply chain management?

Managing uncertainty

Why is global optimization hard in supply chain management?

Due to the complex nature of the supply chain

What has enabled Wal-Mart to transform its logistics system significantly?

Direct business model and build-to-order strategy

What are some of the new challenges faced by supply chains?

Shorter product life cycle and more powerful well-informed customers

What does Dell Computer attribute its outperformance in shareholder value growth to?

Build-to-order strategy and direct business model

Which element is crucial for firms to consider when creating distribution networks based on tradeoff decisions?

Cost and sophistication of distribution system

Test your knowledge of important elements in supply chain management, including purchasing, operations, distribution, and integration activities. Topics covered include supplier alliances, demand management, transportation management, and global integration problems.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Purchasing and Supply Chain Management Quiz
5 questions
Elements of Supply Chain Management Quiz
29 questions
Purchasing and Supply Chain Management
5 questions
Use Quizgecko on...
Browser
Browser