BM2 2.01 Quiz

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 chain?

• manufacturer

• distributor

• retailer

• supplier

What is the second stage of the supply chain?

• manufacturer

• consumer

• supplier

• distributor

What is the third stage of the supply chain?

• manufacturer

• retailer

• supplier

• distributor

What is the fourth stage of the supply chain?

• retailer

• manufacturer

• supplier

• distributor

What is the fifth stage of the supply chain?

• consumer

• manufacturer

• supplier

• distributor

Which supply chain flow follows items as they progress from raw material to being consumed?

• Product

• Technology

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. The purpose of supply chain management is to ensure inventory is available to meet demand.

• 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