Science Course 4 Mini Quiz

Management of the flow of goods and services and includes all processes that transform raw materials into final products, is the definition of?

• Supply and demand

• Refining process

• Marketing and distribution

• Supply Chain Management

What is the purpose of the supply chain management system?

• To meet the demand for the company's products and significantly reduce logistics and procurement costs

• To determine the correct ways and effective methods of operational management of transportation

• To anticipate unexpected events, such as a spike in demand or late delivery

• To serves as the staging area for crude distribution throughout the entire supply chain.

Which of these following is not one of the areas that supply chain management focused on?

• Production

• Supplies

• Inventory

• Transportation

Supply Chain Management covers the entire cycle of raw material distribution, product manufacturing and marketing

• True

• False

how many main principles of supply chain management?

• 6

• 3

• 9

• 7

Supply Chain Management systems are designed to automate and manage all stages of the supply of an enterprise. which of these following is included not in the main principles of supply chain management?

• Segment consumers based on the need for services

• Distribute throughout the entire supply chain

• Study consumer demand

• Develop a supply chain strategy

Which main area that supply chain management holds has the purpose to anticipate unexpected events, such as a spike in demand or late delivery?

• Production

• Supplies

• Transportation

• Inventory

The oil supply chain has three functional segments namely the Upstream, Midstream, and Downstream

• True

• False

Which oil and gas sector encompasses activities related to searching for, recovering, and producing crude oil and natural gas

• Upstream segment

• Midstream segment

• Downstream segment

Transporting crude oil and petroleum product is a big part of midstream activities, can include using these transportation, except

• Trucking fleets

• Tanker ships

• Pipelines

• Offshore platform