FINAL QUIZ in Supply Chain Management

Defined as the management of flow of products and services, which begins from the origin of products and ends at the product’s consumption.

• Supply Chain Management
• Supply Web Management
• Supply Delivery Management
• Supply Change Management

It also comprises movement and storage of raw materials that are involved in work in progress, inventory and fully furnished goods.

• Supply Chain Management
• Supply Web Management
• Supply Delivery Management
• Supply Change Management

A process used by companies to ensure that their supply chain is efficient and cost-effective.

• Supply Chain Management
• Supply Web Management
• Supply Delivery Management
• Supply Change Management

The collection of steps that a company takes to transform raw materials into a final product.

• Supply Chain
• Supply Management
• Supply Delivery
• Supply Change

Stage of supply chain process is the planning stage.

• Plan
• Return
• Make
• Deliver

Mainly concentrate on building a strong relationship with suppliers of the raw materials required for production.

• Plan
• Return
• Make
• Develop

The products are designed, produced, tested, packaged, and synchronized for delivery.

• Plan
• Return
• Make
• Deliver

Defective or damaged goods are send back to the supplier by the customer in this stage.

• Plan
• Return
• Make
• Deliver

Often referred as logistics, where firms collaborate for the receipt of orders from customers, establish a network of warehouses, pick carriers to deliver products to customers and set up an invoicing system to receive payments.

• Plan
• Develop
• Make
• Deliver

A systematic flow of materials, goods, and related information among suppliers, companies, retailers, and consumers.

• Supply Chain Management
• Supply Web Management
• Supply Delivery Management
• Supply Change Management