Supply Chain Management Flashcard

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What does supply chain management primarily focus on?

Back

Managing the flow of goods, services, and related information from raw materials to end customers

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What is the primary goal of strategic orientation in supply chain management?

Back

To save money within an organization

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What is the main reason for the growth of supply chain management?

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The information revolution and increased competition in globalized markets

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What is logistics management responsible for?

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Managing both physical and information flows

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What is the primary focus of demand forecasting in supply chain management?

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Predicting the demand for finished goods

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What is the primary function of logistics in supply chain management?

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To manage and coordinate the movement of goods, services, and information

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Which of the following factors has a significant impact on global trading in supply chain management? Options: Strategic orientation for saving money within an organization, E-commerce only, Physical and information flows, Logistics, import taxes, risk, tariffs, customs, and other legal aspects

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Logistics, import taxes, risk, tariffs, customs, and other legal aspects

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What is the primary reason for the growth of supply chain management in recent years?

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Increased competition in globalized markets

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Which of the following is a key aspect of supply chain management? Options: Analyzing and predicting future demand for products or services, Managing and coordinating the movement of goods, services, and information, Creating new value for customers, society, and the environment, Setting strategic orientation for saving money within an organization

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Creating new value for customers, society, and the environment

Front

What is the primary impact of e-commerce on supply chain management?

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Increased demand for logistics and transportation services