Supply Chain Management

What is the primary goal of supply chain management?

• Maximizing profits

• Minimizing costs

• Optimizing customer satisfaction

• Increasing production efficiency

Which of the following is NOT a typical supply chain activity?

• Procurement

• Distribution

• Marketing

• Production

What is the term used to describe the network of organizations involved in the production, delivery, and sale of a product?

• Value chain

• Logistic chain

• Distribution chain

• Supply chain

Which of the following is an example of a supply chain risk?

• Increase in customer demand

• Supplier bankruptcy

• Efficient inventory management

• Improved production technolog

What is the primary purpose of demand forecasting in supply chain management?

• Identifying potential suppliers

• Estimating customer demand

• Optimizing production schedules

• Analyzing transportation costs

Is this the correct Woosong logo?

• Yes

• No

What is the term used to describe the process of moving goods from the manufacturer to the end consumer?

• Distribution

• Procurement

• Inventory management

• Warehousing

What is the primary objective of inventory management in supply chain operations?

• Minimizing costs

• Maximizing production capacity

• Reducing customer lead times

• Balancing supply and demand

Which of the following is NOT a characteristic of a resilient supply chain?

• Flexibility

• Redundancy

• Long lead times

• Collaboration

What is the term used to describe the process of strategically sourcing goods and services from external suppliers?

• Outsourcing

• Offshoring

• Insourcing

• Internalization