CHAPTER 10: SUPPLY CHAIN MANAGEMENT

A business' supply chain includes __________________

• all companies involved in the upstream flow

• all companies involved in the downstream flow

• all processes from raw materials to consumption

• All of the Above

The beginning stages of creation of a company's product or service is called _________________

• Upstream Flow

• Downstream Flow

• Electron Flow

• Flo Rida

The end processes where a company takes a finished product to the consumer is called __________________

• Upstream Flow

• Ebb and Flow

• Downstream Flow

• Go with the Flow

The first stage of the supply chain management flow is called _________

• Manufacture

• Raw Materials

• Season 1

• Suppliers

The second stage of the supply chain management flow is called _________

• Manufacture

• Raw Materials

• Season 1

• Suppliers

The final stage of the supply chain management flow is called _________

• Consumer

• Customer

• Destruction

• Recycling

What does supply chain refer to?

• The stages goods and services go through from their source to the end consumer

• The process of transporting a product from one location to another

• The process of getting a good or service from a warehouse to the end customer

What does procurement refer to?

• Procurement means getting products to the customer in a time efficient manner

• Procurement refers to getting the highest quality products available

• Procurement means getting the right supplies from the right supplier, at the right price

What does logistics refer to?

• The transportation, storage and distribution of supplies

• The process of ensuring that supplies are ordered in the correct amount at the right time

• The distribution of supplies to the end customer only

The transportation, storage and distribution of supplies. Distribution to the end customer is only a small part of the process.

• The process of ensuring supplies reach the end consumer

• The process of managing and ordering stock

• The process of using computers to manage stock levels