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WorksheetsSCM
Total questions: 11
Worksheet time: 6mins
A supply chain is defined as the group of firms that provide all processes required to make a finished product available to the customer.
True
False
The type of flows in SCM
Information Flow
Finance Flow
Product Flow
Price Flow
If two potential suppliers can deliver a part with the same quality and prices, the selection should be based on:
Age of the firms
A coin flip
Outside evaluation
The capabilities and flexibilities of the firms
Why is supply chain management important?
No company can deliver products and services without the help of other companies
Because it is the current trend
The performance of a company will depend on the supplier and customer
To ensure that you are stay up-to-date with the current management concept
Which of these is the best definition of a supply chain?
a series of linked metal rings used for fastening or securing something
a network between a company and its suppliers to produce and distribute a specific product to the final buyer
a group of hotels, restaurants, or shops owned by the same company
the management of the flow of goods and services
Which of these are ENTITIES in a supply chain?
Producers
Tesco
Retailers
Lower Costs
Distribution Centers
Which of these are FUNCTIONS in a supply chain?
Customer Service
Product Development
Operations
Refreshments
Distribution
A critical outcome of the supply chain is to deliver
profits
the right product to the right place
cost/value
on management's expectations
A ____________ encompasses all activities associated with the flow and transformation of goods from the raw material stage, through to the end user, as well as the associated information flows.
production line
supply chain
marketing channel
warehouse
Which of the following is true for supply chain management?
The physical material moves in the direction of the end of chain
Flow of cash backwards through the chain
Exchange of information moves in both the direction
All of the above
Today, SCM systems focus on extending beyond an organization’s four walls to influence:
A. Suppliers
B. Suppliers’ supplier
C. Customers’ customer
D. All of the above
