Chapter 1 : Introduction to SCM PMG3136

What are the three main flows of supply chain logistics management?

• Managing financial transactions

• Coordinating internal departments

• Controlling product quality

• Managing the flow of goods, financial, and information

How has supply chain management evolved over time?

• From global to local operations

• From centralized to decentralized decision-making

• From fragmented to an integrated approach

• From manual to automated processes

What advantage can effective supply chain logistics management provide to companies?

• Increased taxation benefits

• Lower labor costs

• Reduced transportation expenses

• Competitive advantage

Supply chain integration involves:

• Coordination among supply chain entities

• Collaborating with competitors

• Streamlining internal operations

• Focusing solely on customer needs

In the global economy, supply chain logistics is impacted by:

• A lack of technological advancements

• International trade and globalization

• Decreasing international trade

• Increasing demand for local products

Customer focus in supply chain logistics management means:

• Prioritizing customer service and satisfaction

• Eliminating the need for customer feedback

• Ignoring customer demands to reduce costs

• Delivering products without considering customer preferences

What role does technology play in supply chain logistics management?

• It has no impact on logistics processes

• It enables data-driven decision-making

• It eliminates the need for human intervention

• It only affects financial transactions

Which of the following is NOT a key aspect of supply chain logistics management?

• Inventory management

• Product design

• Transportation

• Information flow

Supply chain logistics management is responsible for:

• Marketing and advertising

• Human resources management

• Procurement and sourcing

• Product manufacturing

What is the primary goal of supply chain integration?

• Reducing customer demand

• Eliminating competition

• Optimizing individual entity performance

• Achieving common supply chain objectives