Supply Chain Management

It includes activities associated with the flow and transformation of goods from the raw materials stage to the users.

• Globalization

• Supply

• Supply Chain Management

• Returns Management

The following are advantages of supply chain management, EXCEPT;

• Assists companies in adapting to the challenges of globalization, economic upheaval, expanding consumer expectations, and related differences

• Enhances inventory management.

• Assists in achieving shipping of right products to the right place at the right time.

• Maximizes warehouse and transportation costs.

It is a component of a business model that refers to the way in which a firm interacts with its customers.

• Customer intelligence

• Customer Interface

• Demand Variability

• Answer not given

It is one of the key processes of supply chain management which creates a structure for developing and maintaining relationships with customers.

• order fulfillment

• supplier relationship management

• Customer relationship management

• manufacturing flexibility

It reflects the ability to make a wide variety of products at an appropriate rate and at lowest possible cost.

• Customer intelligence

• manufacturing flexibility

• logistics

• demand variability

It is the supply chain management process

that provides structure for developing and bringing

to market new products jointly with customers and

suppliers.

• Customer service management

• product development and commercialization

• returns management

• order fulfillment

Planning helps to identify the demand and supply trends in the market and this, in turn, helps to create a successful supply chain management system.

• TRUE

• FALSE

It means the ready list of items, raw materials and other essentials required for the product or service.

• Inventory

• Demand management

• Demand variability

• Manufacturing flexibility

Inventory management is critical to the function of supply chain management, because without proper inventory management the production, as well as sale of the product, is not possible.

• TRUE

• FALSE

Products and services sold to the end user are created with the help of different sets of raw materials.

• TRUE

• FALSE