Supply chain

The three stages of the supply chain are...

• Procurement, logistics and distribution

• Logistics, distribution and Sales

• Procurement, Logistics and Stock Control

• Stock control, logistics, sales

The purchasing of raw materials, goods and services for a business is known as...

• Procurement

• Logistics

• Distribution

• Buying

When procuring supplies a business will consider which of the following...

• Cost

• Availability

• Quality

• Delivery time

• All of the above

When procuring supplies a business will consider which of the following...

• reliability of the supplier

• reputation of the supplier

• ethical and environmental actions of the supplier

• All of these

The best supplier is always the cheapest

• True

• False

Logistics is

• Transportation of supplies

• Distributing to customers

• all of these

Raw materials and products can be transported by

• Road

• Rail

• Air

• Sea

• All of these

A large number of stock is stored, costing the business storage costs

• Just in time

• Just in case

Increased chance of stock being damaged or stolen

• Just in time

• Just in case

minimise the cost of warehousing

• Just in time

• Just in case