Supply Chain Management Concepts

The video tutorial provides an overview of supply chains, explaining their components and functions. It covers distribution channels, detailing the types and roles of intermediaries. The tutorial also discusses the three main flows in a supply chain: product, information, and financial. Effective management strategies and the impact of decisions on profitability are highlighted, emphasizing the importance of coordination and integration within and between companies.

What does a supply chain refer to?

• A network of people involved in the creation and distribution of a product

• A single company producing goods

• A marketing strategy

• A financial plan

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

• Resources

• Activities

• Technology

• Advertising

What is a distribution channel?

• A segment of the supply chain managing the finished product from the manufacturer

• A financial transaction

• A method of advertising

• A customer service strategy

Which type of distribution channel involves no intermediaries?

• Direct distribution

• Retail distribution

• Indirect distribution

• Wholesale distribution

What are the three main flows in a supply chain?

• Product, information, and finance

• Product, marketing, and finance

• Information, marketing, and finance

• Product, marketing, and information

Why is good coordination and integration important in supply chain management?

• To ensure smooth operation and efficiency

• To improve customer service

• To increase advertising reach

• To reduce the number of employees

What can be directly impacted by decisions in supply chain management?

• Profitability rate

• Employee satisfaction

• Customer feedback

• Marketing strategy

How should supply chain management be tailored?

• By increasing the number of intermediaries

• Based on the latest trends

• According to the sector and company needs

• By reducing costs only

What should be considered to avoid losses in supply chain management?

• Marketing campaigns

• Customer reviews

• Employee training

• Cost and volume requirements

Why is it important to think about the target customer in supply chain management?

• To improve employee satisfaction

• To increase the number of intermediaries

• To reduce production costs

• To effectively sell the stock