INMT5503 - Week 2

The flows of the supply chain include

• Flows of cash and goods

• Flows of information and goods

• Flows of people and information

• Flows of end users and goods

The following is important to succeed from the

supply chain management perspective

• Making the entire logistics system more flexible and responsive

• Accelerating movement through the supply chain

• Both of the above

• None of the above

4Rs include

• Responsiveness, reliability, resilience and reflect

• Reduce, reuse, recycle and recover

• Responsiveness, remake, resilience and relationships

• Responsiveness, reliability, resilience and relationships

Through effective supply chain management, the

following competitive advantage can be sought

• Value advantages such as tailored services, reliability and responsiveness

• Cost advantages such as capacity utilisation, asset turn and synchronous supply

• Both of the above

• Non of the above

True or false question: While traditionally, marketing is described as managing Ps (i.e. product, price, promotion and place), the place is rarely focussed

• True

• False