BOM wk II

What is the primary goal of supply chain management?

• To increase the cost of production

• To streamline supply-side activities to maximize customer value

• To reduce the quality of products

• To limit the flow of goods and services

Which of the following is included in supply chain management?

• Only the distribution of final products

• Only the procurement of raw materials

• All processes that transform raw materials into final products

• Only the marketing of products

According to the provided definition, what does supply chain management involve?

• Increasing the number of suppliers

• Active streamlining of a business's supply-side activities

• Reducing the number of employees

• Limiting the production capacity

By definition, what activities are included in a supply chain?

• Only the distribution of raw materials

• All activities related to the distribution of a commodity from raw material to the consumer

• Only the procurement of raw materials and components

• Only the production and distribution of goods

According to Lummus and Vokurka (1999), what does a supply chain include?

• Only the procurement of raw materials

• Only the distribution to the consumer

• All activities related to the distribution of a commodity from raw material to the consumer, including the procurement of raw materials and components

• Only the production process

What is the main focus of logistics?

• Reducing production costs

• Ensuring goods and services arrive in the right place, on time, in the right order, and condition

• Increasing the number of suppliers

• Enhancing marketing strategies

What is the role of logistics in the supply chain?

• Managing employee schedules

• Involving the flow of goods and services from the point of production to the point of use by the end user (consumer)

• Designing product packaging

• Conducting market research

Who is the focus of all activities involved in the logistics process?

• The supplier

• The manufacturer

• The customer

• The retailer

What are some of the processes involved in logistics to ensure the efficient flow of resources?

• Scheduling/planning, executing, and controlling costs

• Marketing, advertising, and sales

• Designing, testing, and launching

• Hiring, training, and managing

What does logistics involve within the supply chain?

• Work in process and the finished goods

• Customer service and feedback

• Product development and innovation

• Financial planning and budgeting