Supply Chain Review

How does conflict affect supply chains?

• Conflict has no impact on supply chains.

• Conflict can disrupt the flow of goods and services.

• Conflict can improve the efficiency of supply chains.

• Conflict only affects the cost of goods and services.

Define supply chain.

• A system for managing the flow of products from suppliers to customers

• The process of transporting goods from one location to another

• Network of organizations involved in the production, distribution, and delivery of a product or service

• A group of individuals working together to produce a product or service

Give an example of a supply chain in the automotive industry.

• Raw material sourcing, component manufacturing, vehicle assembly, distribution, and sales

• Raw material sourcing, component manufacturing, vehicle assembly, distribution, and sales

• Vehicle design, marketing, customer service, and maintenance

• Fuel production, tire manufacturing, and car rental services

Explain the relationship between sustainability and supply chains.

• Sustainability has no impact on supply chains.

• Sustainability and supply chains are closely linked as supply chains play a crucial role in achieving sustainability goals.

• Supply chains have no impact on sustainability.

• Sustainability and supply chains are completely unrelated.

What are the key components of a supply chain?

• suppliers, manufacturers, distributors, retailers, and consumers

• suppliers, manufacturers, distributors, wholesalers, and customers

• suppliers, manufacturers, wholesalers, retailers, and consumers

• suppliers, manufacturers, distributors, retailers, and customers

How can disruptions in supply chains impact businesses?

• Delays in production, shortages of raw materials, increased costs, and loss of customers.

• Decreased costs, increased production, improved customer satisfaction.

• Improved quality control, increased market share, enhanced brand reputation.

• Increased efficiency, reduced waste, improved profitability.

What are the benefits of effective supply chain management?

• Decreased customer satisfaction, increased costs, decreased efficiency, poor inventory management, lack of collaboration with suppliers

• Improved customer satisfaction, reduced costs, increased efficiency, better inventory management, enhanced collaboration with suppliers

• No benefits at all

• Increased customer dissatisfaction, higher costs, decreased efficiency, poor inventory management, lack of collaboration with suppliers

How can companies improve supply chain visibility?

• Hiring more employees

• Reducing communication with suppliers

• Implementing technologies, using data analytics, collaborating with suppliers, implementing real-time tracking systems

• Using outdated technology

What is the role of technology in supply chain management?

• Technology has no role in supply chain management.

• Technology helps in improving efficiency, reducing costs, and enhancing collaboration with suppliers.

• Technology only increases the cost of supply chain management.

• Technology only complicates the supply chain management process.

What is the importance of inventory management in supply chain management?

• Inventory management is not important in supply chain management.

• Inventory management helps in reducing costs, improving efficiency, and meeting customer demands.

• Inventory management only increases the cost of supply chain management.

• Inventory management only complicates the supply chain management process.