SUPPLY CHAIN MANAEGEMENT

Which of the following correctly describes a flow within the supply chain?

• The flow of cash is predominantly downstream

• The material flow usually moves upstream

• Exchange of information moves in both directions

• All of the above

The purpose of supply chain management is to ____________

• Increase production

• Increase profitability

• Improve quality of a product

• Customer Service

What does supply chain refer to?

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

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

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

What does procurement refer to?

• Procurement refers to getting the highest quality products available

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

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

Logistics is the part of supply chain involved with the forward and reverse flow of ____________________

• Goods

• Services

• Cash

• All of above

The major decision areas in supply chain management are _______

• Planning, production ,distribution, inventory

• Location, production ,inventory

• Location, production, scheduling ,inventory

• Location ,production, distribution, marketing

Which of the following is not a part of supply chain management system?

• Information Flow

• Competitor

• Distributor

• Supplier

Which of the following is NOT a factor affecting the supply chain?

• Reduced number of suppliers

• Increased competition

• Increased opportunities to strategically use technology

• Longer product life cycles

When suppliers, distributors, and customers collaborate with each other to improve the performance of the entire system, they are participating in ___________

• Supply and demand chain

• Channel of distribution

• Value delivery network

• Supply chain

A supply chain is made up of a series of processes that involve an input, a _______ and an output.

• Shipment

• Customer

• Supplier

• Transformation