Supply Chain Quiz L1-L2

What is a global network used to deliver products and services from raw materials to end customers through an engineered flow of information, physical distribution and cash?

• Supply Chain

• Supply Chain Management

• Supplier Relationship Management

• Supply Management

What are the three entities of a basic supply chain?

• Supplier - Retailer - Customer

• Supplier - Firm - Customer

• Supplier - Producer - Customer

• Customer - Supplier - Raw Material

Who is the one receiving components from the supplier to produce a finished goods or services?

• Seller

• Producer

• Retailer

• Customer

What is an act of obtaining merchandise; capital equipment; raw materials; services; or maintenance, repair and operating (MRO) supplies in exchange for money or its equivalent?

• Purchasing

• Recieving

• Supplying

• Inventory

What status of inventories should be an establishment must require to maintain production?

• high

• low

• neutral

• none

Who purchases their merchandise in volume to take advantage of quality discounts and other incentives such as transportation economy and storage efficiency?

• Industrial Buyers

• Merchants

• Supplier

• Retailers

What can impact the price of food products through drought, flooding, and unseasonable frost?

• Seasonabiltiy

• Logistics

• Phenomenon

• Weather

What is the most importance choice you'll make in food purchasing specially if you strive to find some middle ground?

• Balance cost and quality

• Choose reliable suppliers

• Check the details

• Harness new technologies

What department received requisition and buy material on behalf of the organization?

• Receiving

• Front Office

• Purchase

• Human Resource

What is the management of the purchasing process and related aspects in an organization?

• Procurement Process

• Purchasing Management

• Purchasing Activites

• Supply Chain Management