MGT 1163 - Supply Chain Logistics Management (Chapter 1)

Which of below is incorrect concept of 7R

• Right Product

• Right Price

• Right Vendor

• Right Quality

Supplier - Storage - Service - Customer is the typical supply chain for

• Product

• Service

• Experience

• Customer

Maximum amount the customer is willing to pay for the product describes

• Supply Chain Cost

• Net Value

• Supply Chain Surplus

• Customer Value

Wasted materials, waster money, wasted person-hours, wasted delivery time. Which of below objectives best to overcome these problems.

• Improving Quality

• Reducing Cost

• Improving Efficiency

• Enhance Customer Satisfaction

Supply Chain Management strives to improve coordination between the business's various stakeholders. Which of below is incorrect to describe the stakeholder mentioned

• Customers

• Government

• Suppliers

• Production Team

There are 4 major decision areas in Supply Chain Management except

• Location

• Production

• Inventory

• Machine

Economic Factor, Technological Factor, Geographical Factor and Environment Factor. These factors are referring to

• Transportation Decisions

• Inventory Decisions

• Location Decisions

• Production Decisions

These statements best describe outsourcing method in production decision except

• Allowing companies to focus resources on core activities

• Benefit from specialized skills and advanced technologies

• Company can maintain tighter control over production process

• Ability to quickly scale operations up or down based on demand

Which of the following statement best describe upstream management?

• Concerned with the final assembly and quality control of products before they are shipped to retailers.

• Deals with managing the distribution channels and logistics for delivering finished products to customers.

• Involves overseeing and optimizing the processes related to raw material acquisition, supplier relationships, and early-stage production planning.

• Focuses on coordinating marketing strategies and customer outreach to enhance product sales.

The movement of money from the customer to the supplier is referring to

• Material Flow

• Upstream and Downstream Management

• Information Flow

• Financial flow