Business Management II Unit 2 (2023(

Trees Incorporated is a company that provides chopped-down trees to paper manufacturers. This company is an example of what common supply chain member?

• producer

• retailer

• supplier

• vendor

Which job is responsible for overseeing the process of getting products into the marketplace?

• line supervisor

• inventory manager

• chief financial officer

• supply chain manager

The purpose of supply chain management is to:

• ensure the company has new products.

• ensure inventory is available to meet demand.

• ensure that vendors stay committed to the company.

• ensure the organization is always aware of what is happening.

One reason that companies strive to optimize their supply chain is to:

• lower costs.

• reduce defects.

• increase vendors.

• increase inventory.

Which supply chain flow follows items as they progress from raw material to being consumed?

• financial

• information

• product

• technology

Why would an organization hold finished goods inventory?

• to hide quality issues

• to look for hidden problems

• to execute production strategy needs

• to meet variation in production demand

Which type of inventory has a function in the input process?

• paint supplies

• finished goods

• defective items

• packing materials

Gloves for workers to wear to protect their hands during the production process are examples of what type of inventory?

• retail

• transit

• work-in-process

• maintenance, repair, and operating goods

Sally drives a truck that transports Nike shoes from the production plant to retail stores. The goods on the truck are:

• safety inventory.

• transit inventory.

• work-in-process inventory.

• maintenance and repair inventory.

A business orders 10% more widgets than it needs because the supply of and the demand for widgets have been difficult to forecast in recent months. Which type of of inventory is the business using?

• buffer

• customary

• perpetual

• transit