Which of the following are elements of supply chain management? (Tick all that apply)

• Procurement

• Logistics

• Marketing

• Sourcing

The main goal of SCM is to meet the real needs of the end customer. True or False

Which company is an example of a final product manufacturer?

• Electrical wire manufacturer

• Coca-Cola

• Lumber company

• Steel mill

Which of the following correctly defines supply chain management?

• Handling purely logistics.

• Focusing solely on purchasing functions.

• Planning and managing all activities involved in sourcing and production.

• Coordination with only end customers.

Wholesalers sell products directly to consumers. True or False

What type of suppliers should firms aim to purchase from according to modern SCM practices?

• Suppliers with complex structures

• Suppliers practicing sustainable and ethical standards

• Suppliers ignoring customer needs

• Suppliers with cheaper prices

Integration of processes in the supply chain is one of the easiest elements to coordinate. True or False

What is a consequence of having too much inventory?

• Improved quality

• Waste

• Increased availability

• Lower costs

Stakeholders involved in SCM only include suppliers and manufacturers. True or False

What type of partnerships does effective supply management encourage?

• Strategic partnerships

• Single supplier strategy

• Competitive bidding

• Transitory contracts