Exit Ticket - Supply Chain Management Review

What is a common challenge faced in global supply chain management?

• Limited technology use

• High employee turnover

• • Variability in regulations and compliance across different countries

• Overproduction of goods 
  
  

What is the primary purpose of inventory management in SCM?

• • To ensure the right amount of inventory is available when needed

• To minimize production costs

• • To maximize the number of products in stock

• To reduce supplier relationships 

Which of the following best describes "logistics" in SCM?

• The planning of marketing strategies

• The management of the flow of goods, services, and information

• The production of goods

• The financial oversight of the supply chain 

What role does technology play in supply chain management?

• • It complicates communication between suppliers and customers

• It has no impact on supply chain processes

• It enhances efficiency and provides real-time data for decision-making

• It increases the need for manual processes 

Which of the following strategies can improve supply chain efficiency?

• Increasing lead times for deliveries

• Reducing communication between departments

• Implementing technology for inventory management

• Stockpiling excess inventory