Understanding Supply Chain Quiz

Each stage in a supply chain is connected through the flow of products, information, and funds. These flows often occur in both directions and are usually managed by

• Pricing department.

• One of the stages.

• Upper management.

• Engineering department

A supply chain features a constant flow of

• Information, product and funds.

• Personnel, information, and policies.

• Processes, funds, and product.

• Product, processes, and support.

Which set of supply chain flows is correctly described?

• Funds flow only upstream but information flows both upstream and downstream in a supply chain.

• Product flows only downstream and information flows only upstream in a supply chain.

• Information and product both flow upstream and downstream in a supply chain.

• Funds flow both upstream and downstream but product flows only downstream in a supply

Which statement about supply chains is best?

• New product development is not a supply chain function.

• If a supplier uses a shipping company to send product to a customer, the shipping company is technically not a supply chain member.

• Funds in a supply chain flow upstream only.

• Flows in a supply chain may be managed by an intermediary

Which sequence of stages is typical for product flow in a supply chain?

• Supplier → manufacturer → distributor

• Retailer → distributor → customer

• Manufacturer → retailer → distributor

• Supplier → customer → retailer

Supply chain surplus involves what two parts?

• Manufacturing cost and selling price

• Customer value and supply chain cost

• Customer value and high quality products

• Reliable transportation and supply chain cost

For any supply chain, the source of revenue is generated by

• Efficient operations.

• Information flows.

• The customer.

• Product flows.

Customer value is

• The sum of the supply chain surplus and supply chain cost.

• The remainder after supply chain cost is subtracted from supply chain surplus.

• The remainder after supply chain surplus is subtracted from supply chain cost.

• Supply chain profitability minus the supply chain cost.

The objective of every supply chain is to

• Minimize the overall cost generated.

• Maximize the overall value generated.

• Minimize the cost to the manufacturer.

• Maximize the profit of the manufacturer

Retailing in the united states is largely

• Push/pull.

• Profitable.

• Consolidated.

• Centralized.