Font size
WorksheetsSupply Chain Management
Total questions: 15
Worksheet time: 8mins
Fill in the blank space in the following statement:
A ................................is defined as a set of active members inside an organization's supply chains, as well as inactive members to which an organization is linked, who can be relied upon to actively contribute to the supply chain if a need arises (Braziotis, Bourlakis, Rogers, & Tannock, 2013)
supply members
supply network
supply change
supply chain
A (a) is a network of individuals and companies that are involved in creating a product and delivering it to the consumer.
Fill in the empty space in the following statement :
Companies seek to improve their supply chains so they can ........................... their costs and remain competitive.
fulfill
increase
reduce
meet
Which one of the following entities is NOT involved in the supply chain?
producers
vendors
warehouses
actors
distributors
The supply chain begins operating when a business receives an order from a customer.
True
False
inappropriate
appropriate
It can lower a company's overall costs and boost its profitability when supply chain management is ................................ (fill the empty space)
none is correct
ineffective
effective.
inefficient
What is it called when a single product moves through every step of the process continuously, without batching, allowing for uninterrupted production and frequent delivery of value to customers?
Uninterrupted Model
Fast Model
Continuous Flow Model
Flexible Model
What is it called when the businesses receive raw materials, add value to them through production, manufacturing, and other processes to create a finished product, and then sell the finished product to consumers.
Value systems
Overvaluing
Value Chain
Chain Making
When the businesses look for ways to cut back on shortages, prepare product plans, and work with others in the chain to add value to the customer.
Inventory Control
Quality Control
Customer Satisfaction
Value Chain
Receiving, warehousing, and inventory control are the common activities in :
Warehouse Control
Supply Disruption
Outbound Logistics
Inbound Logistics
What can can help streamline a company's activities to eliminate waste, maximize customer value, and gain a competitive advantage in the marketplace?
Faulty Supply Chain Management
Delayed Supply Chain Management
Effective Supply Chain Management
Ineffective Supply Chain Management
Which supply chain model fits into this definition : It prioritizes flexibility, as a company may have a specific need at any given moment and must be prepared to pivot accordingly. This method works best for companies with unpredictable demand or custom-order products.
Conventional
Agile
Continuous Flow Model
Fast and Speedy
The act of buying a large number of goods directly from a manufacturer and then selling them to retailers is called :
Supplying
Retailing
Wholesaling
Buying
Can we use the wholesale supply in banking services?
No
Maybe
Yes
I don't know
Who introduced the value chain concept in his 1985 in their book titled "Competitive Advantage: Creating and Sustaining Superior Performance."
