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WorksheetsBusiness Management II 2.01 Review
Total questions: 15
Worksheet time: 8mins
If your company sells a thing to a customer, your company most likely has a __________.
supply chain
warehouse
physical location
customer database
Supply chain management isn't just the management of products — it's also the management of ____________________.
information, time, and money
customers, sales, and marketing
products, services, and logistics
people, places, and things
Managing your product supply when your suppliers are sourcing their suppliers is called:
Supply Logistics
Inventory Management
Tier II Supplier Managment
Chain Management
____________ includes the cost of goods negotiations, on-time delivery management, quality audits and management, new product development.
operations management
product supply
logistics
supplier management
_____________ is the management of the movement of goods.
supplier management
logistics
supply chain
product relocation
You need to have enough _________ on hand to supply your customers what they want, when they want it — but you can't have too much __________ on hand or you will have paid (possibly) too much money out of pocket.
supply
cash
inventory
production
All of these are reasons why a business could end up with too much inventory, except for:
you sold too many of an item
minimum order quantities
something changed in the marketplace
you thought you would sell more of an item
___________ functions as the voice of the customer at your company. What shipping method does your customer want? What size boxes do you need to pack your product in and how many units per pack?
logistics
sales and marketing
customer service
product acquisition
Supply chain management is optimized when you are delivering _______ your customers want, ________ they want it, and doing that by spending as _______ money as possible.
what, when, little
the products, where, much
who, how, little
what, when, much
___________ is a part of supply chain management, but it's not the totality of all that supply chain management.
purchasing
manufacturing
selling
timing
What is provider of goods or services or a seller with whom the buyer does business called?
supplier
vendor
producer
customer
A __________ receives services, materials, supplies, energy, and components to use in creating finished products, such as dress shirts, packaged dinners, air-planes, electric power, legal counsel, or guided tours
vendor
producer
supplier
customer
A _____________ receives shipments of finished products to deliver to its customers, who wear the shirts, eat the packaged dinners, fly the planes, or turn on the lights.
customer
vendor
supplier
producer
A person who sells food items on the street is an example of a __________.
vendor
producer
customer
supplier
A person who supplies the vegetables needed for a vender to sell items on the street is an example of a __________.
vendor
supplier
producer
customer
