BM2 Unit 2 #1

Which of the following is an example of a supplier

• farmer

• rice mill manager

• grocery store clerk

• cargo ship operator

What is the first stage of the supply change?

• manufacturer

• distributor

• retailer

• supplier

What is the second stage of the supply change?

• manufacturer

• consumer

• supplier

• distributor

What is the third stage of the supply change?

• manufacturer

• retailer

• supplier

• distributor

What is the fourth stage of the supply change?

• retailer

• manufacturer

• supplier

• distributor

What is the fifth stage of the supply change?

• consumer

• manufacturer

• supplier

• distributor

What are the three entities of a basic supply chain?

• Supplier - Retailer - Customer

• Supplier - Producer - Customer

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

• seller/supplier

• retailer

• producer/manufacturer

• customer/consumer

Supply chain management involves the production, shipment and distribution of products.

• True

• False

Some of the benefits of utilizing a supply chain management system include each of the following EXCEPT:

• Increasing customer satisfaction

• Reducing operating costs

• Improving financial position

• Enhancing a managers reputation