Foundations of SC - Supply Chain Functions

Identifying and meeting customers' needs, wants, and expectations before, during, and after they buy products is handled by which department?

• Customer service

• Manufacturing

• Warehousing

• Transportation

The process of planning goods, materials, and resources required for procurement and manufacturing to support the sales forecast is known as:

• Demand Planning

• Sales Forecast

• Inventory Count

• Sales Management

Receiving requirements on purchase requisitions and soliciting supplier for pricing and delivery is handled by which personnel?

• Warehouse manager

• Accounting

• Procurement

• Marketing

The process of controlling and managing goods, materials, and products to maximize efficiency and profitability is handled by which department:

• Accounting

• Inventory Management

• Marketing

• Warehousing

A document that authorizes the supplier to deliver the product or provide the service is known as a(n):

• Invoice

• Bill of Lading

• Purchase Order

• Delivery Schedule

The Ragu Spaghetti Sauce factory sends the finished spaghetti sauce to their distribution center. Which type of logistics is this?

• Inbound Logistics

• Outbound Logistics

Returns, defects, and exchanges are an example of which type of supply chain flow?

• Material Flow

• Information Flow

• Reverse Flow

• Financial Flow

A formal request for suppliers to prepare bids based on terms and conditions set by the buyers is a(n):

• Invoice

• Request for Proposal

• Purchase Order

• Bill of Lading

Storage, retrieval, and distribution of procured goods and materials is handled by which department:

• Accounting

• Marketing

• Inventory Management

• Warehousing

A bill or statement of charges is a(n):

• Purchase order

• Bill of lading

• Invoice

• Delivery receipt