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WorksheetsSupply Chain
Total questions: 10
Worksheet time: 5mins
What does supply chain refer to?
The stages goods and services go through from their source to the end consumer
The process of transporting a product from one location to another
The process of getting a good or service from a warehouse to the end customer
What does procurement refer to?
Procurement means getting products to the customer in a time efficient manner
Procurement refers to getting the highest quality products available
Procurement means getting the right supplies from the right supplier, at the right price
What does logistics refer to?
The transportation, storage and distribution of supplies
The process of ensuring that supplies are ordered in the correct amount at the right time
The distribution of supplies to the end customer only
The transportation, storage and distribution of supplies. Distribution to the end customer is only a small part of the process.
The process of ensuring supplies reach the end consumer
The process of managing and ordering stock
The process of using computers to manage stock levels
What does the term JIT mean?
Just In Case
Just In Time
Just in Transport
What does JIT mean in terms of managing stock?
Supplies arrive just as they are required
Supplies are stored as a safety net in case they are required
Using traditional stock management methods
How might stakeholders be negatively impacted by supply and logistics?
High quality products
Products arriving on time
Poor quality products
What is an advantage of buffer stock?
Businesses have spare supplies in case of emergency
Businesses need space for storage
Businesses have lots of capital invested in stock
What is computerised stock control?
Using computers to place new stock orders
Controlling and monitoring stock using computer software
Using self-checkout tills in a supermarket
What are raw materials?
Completed products that are ready for sale
Ingredients used to make a food before it is cooked
The materials used to produce goods.
