Supply Chain Management - Introduction & Understanding

What does SCM stand for

• Supply Chain Method

• Supply Coordination Management

• Supply Chain Management

• Supply Chain Movement

• None of the above

What is the full form of ERP?

• Enterprise Resource Planning

• Effective Resource Planning

• Enterprise Resource Processor

• Enterprise Reporting Platform

• None of the above

Which of the following is not a function of CRM?

• Sales Automation

• Customer Support

• Inventory Management

• Marketing Automation

• None of the above

What is the purpose of BI in business?

• To improve decision-making

• To automate all processes

• To reduce customer complaints

• To increase employee turnover

• None of the above

Which of the following is not a part of supply chain management

• Procurement

• Production

• Marketing

• Distribution

The goal of supply chain management is to

• Increase costs and decrease value

• Decrease costs and minimize value

• Minimize costs and maximize value

• Maximize costs and minimize value

Which are the Stages of Supply Chain Management ?

• 1.) Distribution 2.) Production 3.) Returns 4.) Planning 5.) Sourcing

• 1.) Production 2.) Distribution 3.) Planning 4.) Sourcing 5.) Returns

• 1.) Planning 2.) Production 3.) Distribution 4.) Returns 5.) Sourcing

• 1.) Planning 2.) Sourcing 3.) Production 4.) Distribution 5.) Returns

Supply Chain Management aims to Optimize entire supply Chain to Meet _____________ Demands and achieve Business Goals

Strong ______________ Skills are crucial for effective Supply Chain Management in today's Digital and Interconnected Business Environment

Supply chain management involves the __________ and integrated process of planning, implementing, and controlling the flow of goods, services, and information