Supply Chain

A business Supply chain includes.....

• All companies involved in the upstream flow

• All companies involved in the downstream

• 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....

• Downstream

• Upstream Flow

• Electron Flow

• Flo Rida

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

• Upstream Flow

• Downstream Flow

• Ebb and Flow

• Go with the Flow

The Fourth stage of the supply chain management flow is called......

• Warehouse

• Retail

• Distribution

• Consumer

What does procurement refer to?

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

• procurement refers to getting the heights quality products available

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

• All of the above

What is an advantage of buffer stock?

• Businesses have spare supplies in case of emergency

• Businesses need space for storage

• Businesses have lots of capital invested in stock

• All of the above

The Purpose of the supply chain management is to

• Meet customer demand & Increase Profitability

• Improve quality of a product

• Increase production

• All of the above

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

• The material flow usually moves upstream

• The flow of cash is predominantly downstream

• Exchange of information moves in both directions

• All of the above

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

• Goods

• Services

• Cash

• All of the above

Production related procurement refers to the purchasing of:

• Information systems

• Office supplies

• Raw materials

• Furniture