WorksheetsSupply Chain Management: Intro (BI)
Total questions: 14
Worksheet time: 7mins
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 purpose of supply chain management is to...
Meet customer demands
Improve quality of a product
Increase profitability
Increase production
Which of the following statements is true of LEAN supply?
Lean supply focuses on advanced statistical methods
Lean supply focuses on quick reaction to changes in demand
Lean supply focuses on reducing waste
All of the above
What role does a manufacturer play in the supply chain?
Selling finished products
Managing retailers
Facilitating the transformation of raw materials into finished products
Distributing products to customers
What is Supply Chain Management?
A set of manufacturing processes
A retail business strategy
A set of processes that integrate various entities in the supply chain
A distribution network
What is one advantage of implementing supply chain management in a business?
A) Increased operational efficiency
B) Decreased customer satisfaction
C) Reduced visibility across the supply chain
D) Higher costs in logistics and transportation
Belows are the reason why supply chain management is popular, EXCEPT
a) Improved customer services
b)Competitive advantage
c) Increased risks
d)Reduced inventory and overhead costs
Question: What is the primary objective of supply chain management?
A) Maximizing sales revenue
B) Minimizing production costs
C) Optimizing customer satisfaction
D) Expanding market share
Which of the following statements best describes a key function of supply chain management (SCM)?
A) "Ensuring timely delivery of products to customers."
B) "Reducing costs solely through bulk purchasing."
C) "Maximizing inventory levels to prevent stockouts."
D) "Minimizing lead times by improving production efficiency."
The first 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 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
The process of ensuring that supplies are ordered in the correct amount at the right time
What does the term JIT mean?
Just In Case
Just In Time
Just in Transport
Just in Trucking
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
Using Just in Transport activities to secure raw materials
