WorksheetsCHAPTER 10: SUPPLY CHAIN MANAGEMENT
Total questions: 21
Worksheet time: 4hrs 30mins
A business' supply chain includes __________________
all companies involved in the upstream flow
all companies involved in the downstream flow
all processes from raw materials to consumption
All of the Above
The beginning stages of creation of a company's product or service is called _________________
Upstream Flow
Downstream Flow
Electron Flow
Flo Rida
The end processes where a company takes a finished product to the consumer is called __________________
Upstream Flow
Ebb and Flow
Downstream Flow
Go with the Flow
The first stage of the supply chain management flow is called _________
Manufacture
Raw Materials
Season 1
Suppliers
The second stage of the supply chain management flow is called _________
Manufacture
Raw Materials
Season 1
Suppliers
The final stage of the supply chain management flow is called _________
Consumer
Customer
Destruction
Recycling
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
Which of the following correctly describes a flow within the supply chain?
The material flow usually moves upstream
The flow of cash is predominantly downstream
Exchange of information moves in both directions
All of the above
Logistics is the part of supply chain involved with the forward and reverse flow of
Goods
Services
Cash
All of above
The major decision areas in supply chain management are
Planning, production ,distribution, inventory
Location, production, scheduling ,inventory
Location ,production ,inventory
Location ,production, distribution, marketing
The supply chain distribution channel includes
Manufacturer only
Consumer and Retailer only
Manufacturer, Warehouse, Retailer and Consumer
I am not too sure
SCM stands for
Supplier Customer Management
Supply Chain Management
Supply Chain
Supply chain management is the organization of supply chain activities, it maximizes customer value, and ______ _____?
customer relations
fleet support
bottom line
competitive advantage
Instead of lowering prices, what do companies do when developing an operation strategy?
Find ways to reduce number of employees
Find ways to cut operations-cost
Find ways to conduct business in 1st-world countries
Find ways incorporate technology
What is the first step in the supply chain?
Make
Source
Store
Move
