What does the term “supply chain” refer to in business?

Supply chain management

Quiz
•
World Languages
•
University
•
Hard
English Teachers
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of marketing a product
The network of companies involved in producing and delivering a product
The financial management of a company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a primary objective of supply chain management?
Reducing costs
Enhancing customer satisfaction
Maximizing shareholder, profits
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of inventory management in supply chain operations?
To have the highest possible inventory levels at all times
To minimize inventory carrying costs while ensuring product availability
To increase leadtimes for product delivery
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does “Just-in-Time” (JIT) inventory management aim to achieve?
To maximize inventory levels to avoid stockouts
To minimize inventory holding costs, while having material arrived, just when needed
To accumulate surplus inventory as a buffer against uncertainty
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which phase of the supply chain involves delivering products to the end customer?
Procurement
Production
Distribution
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of demand forecasting in supply chain management?
To accurately predict the weather for efficient, transportation planning
To estimate future customer demand for products
To determine the best distribution channels for a product
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which key performance indicator (KPI) measures the time it takes for a product to move from the supplier to the customer?
Return on investment (ROI)
Lead Time
Inventory Turnover
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