SCM QUIZ MAC23

Supply chain is defines as a group of inter-connected participating companies that add value to a stream of transformed inputs from their source of origin to the end products

• TRUE

• FALSE

intrinsic flow of supply chain

• MATERIAL FLOW

• INFORMATION FLOW

• FINANCE FLOW

• ALL ANSWER ARE TRUE

Supply chain managers no longer need to worry about suboptimization in light of today's technology

• TRUE

• FALSE

A producer that receives services, materials, supplies, energy, and components to use in creating finished products, such as dress shirts, packaged dinners, air-planes, electric power, legal counsel, or guided tours.

• TRUE

• FALSE

The Supply chain is concerned with the

• Flow of the material, and finished products in the forward direction

• Flow of the information in both the directions

• Flow of material in the forward direction, cash in the reverse direction and information in both the directions

• Flow of the material in the forward direction and that of cash in the reverse direction

A focus advantage exists when an organization is able to provide the same benefits from a product or service at a lower cost than a competitor.

• TRUE

• FALSE

A critical outcome of the supply chain is to deliver

• Profits

• Cost/value

• The right product to the right place

• On management’s expectations

 Which of the following actions helps companies avoid or manage potential supply chain risks?

• Moving away from sources in earthquake-prone areas

• Dual sourcing

• Sourcing raw materials or goods from a more politically stable region

• All of the above

Designing for a limited age group, such as children or senior citizens with special needs instead of serving a broader population is a niche marketing

• TRUE

• FALSE

Supply Chain Strategy is defined as: “A strategy for how the supply chain will function in its environment to meet the goals of the organization’s business and organization strategies”

• TRUE

• FALSE