Supply Chain Management

3. A supply chain management component which involves identifying dependable suppliers.

• plan

• source/develop

• make/produce

SCM is a process used by companies to ensure that their supply chain is efficient and _______?

• ineffective

• unproductive

• cost-effective

Which one should come first in the supply chain?

• Supplier

• Raw materials

• manufacturer

Which one should come first in the supply chain?

• Distributor transport the apple cider to customers

• Apples are delivered to factory that makes cider

• Wholesaler buys apples from harvesters

What is the term used to describe the network of organizations involved in the production, delivery, and sale of a product?

• Value chain

• Logistic chain

• Distribution chain

• Supply chain

What is the primary goal of supply chain management?

• Maximizing profits

• Minimizing costs

• Optimizing customer satisfaction

• Increasing production efficiency

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

• Procurement

• Distribution

• Marketing

• Production

Which of the following is an example of a supply chain risk?

• Increase in customer demand

• Supplier bankruptcy

• Efficient inventory management

• Improved production technolog

What is the role of logistics in supply chain management?

• Transportation and storage of goods

• Financial management

• Human resource management

• Product design

Which of the following is a key benefit of effective supply chain management?

• Increased product returns

• Higher operational costs

• Improved customer satisfaction

• Decreased product quality