Welcome to Supply Chain Management course

What does the Chartered Institute of Procurement & Supply (CIPS) define SCM as?

• The management of the flow of goods and services

• The management of all activities involved in sourcing, procurement, and logistics, including coordination with channel partners

• The design of seamless processes across organizational boundaries

• The planning of transportation and inventory

Which of the following is NOT a typical component of a supply chain?

• Product & service flow

• Recycling & returns

• Bullwhip effect

• Information integration

What is a key objective of SCM as defined by APICS?

• Managing stockouts

• Creating net value and leveraging worldwide logistics

• Reducing transportation costs

• Simplifying supplier communication

Which of the following statements describes the bullwhip effect?

• Erratic demand leads to inventory and production issues across the supply chain

• Transportation bottlenecks increase costs for manufacturers

• Customer returns disrupt supply chain operations

• Product obsolescence causes inventory waste

What is a overall benefit of a successful supply chain?

• Decrease lead times

• Improved product quality and customer service

• Lower raw material costs

• Increased transportation reliability

What is one of the main career paths available in supply chain management?

• Marketing Analysis

• Operation Management

• Corporate Finance

• Software Development

What is not a main career path available in logistics industry?

• Customs Procedures

• Purchasing

• Domestic/International Transportation

• Warehouse

The SCOR DS model is primarily used for?

• Decreasing employee retention

• Benchmarking and improving supply chain processes

• Designing retail storefront layouts

• Assessing customer satisfaction levels

Which of the following is NOT a direct result of the bullwhip effect?

• Increased raw material costs

• Better responsiveness to market changes

• Excess inventory and stockouts

• Poor customer service

What does the term “recycling and returns” in a supply chain refer to?

• Managing reverse logistics to promote sustainability

• Reducing costs through supplier coordination

• Ensuring timely delivery to customers

• Optimizing inventory levels in warehouses