WorksheetsSCM QUIZ MAC23
Total questions: 10
Worksheet time: 5mins
Supply chain is defines as a group of inter-connected participating companies that add value to a stream of transformed inputs from their source of origin to the end products
TRUE
FALSE
intrinsic flow of supply chain
MATERIAL FLOW
INFORMATION FLOW
FINANCE FLOW
ALL ANSWER ARE TRUE
Supply chain managers no longer need to worry about suboptimization in light of today's technology
TRUE
FALSE
A producer that 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.
TRUE
FALSE
The Supply chain is concerned with the
Flow of the material, and finished products in the forward direction
Flow of the information in both the directions
Flow of material in the forward direction, cash in the reverse direction and information in both the directions
Flow of the material in the forward direction and that of cash in the reverse direction
A focus advantage exists when an organization is able to provide the same benefits from a product or service at a lower cost than a competitor.
TRUE
FALSE
A critical outcome of the supply chain is to deliver
Profits
Cost/value
The right product to the right place
On management’s expectations
Which of the following actions helps companies avoid or manage potential supply chain risks?
Moving away from sources in earthquake-prone areas
Dual sourcing
Sourcing raw materials or goods from a more politically stable region
All of the above
Designing for a limited age group, such as children or senior citizens with special needs instead of serving a broader population is a niche marketing
TRUE
FALSE
Supply Chain Strategy is defined as: “A strategy for how the supply chain will function in its environment to meet the goals of the organization’s business and organization strategies”
TRUE
FALSE
