Supply Chain Management / Real Exam Questions with Correct Answers, A+ Score solutions.Supply Chain -
Answer:
consists of all parties involved, directly or indirectly, in the procurement of a product or raw material
Qs: Supply Chain Management (SCM) -
Answer:
involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability
Qs: Operations Management -
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Forecasting, Capacity Planning, Scheduling, Maintaining inventory, assuring quality, and motivating and training
Qs: Factors that add Value by OM decisions -
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Cost, Quality, Delivery, Flexiility, and Service
Qs: Three Main Links of Supply Chain -
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- Materials flow
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- Transformation of materials into products
- Distribution
Qs: "Classic" Supply Chain -
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Suppliers => Manufacturer => Wholesalers/Distributors => Retailers => Customers
Qs: Five Basic Supply Chain Management Components -
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- Plan 2. Source 3. Make 4. Deliver 5. Return
Qs: Plan -
Answer:
strategic portion of supply chain management
Qs: Source -
Answer:
companies carefully choose reliable suppliers that will deliver goods and services required for making products
Qs: Make -
Answer:
step where companies manufacture their products
Qs: Deliver (Logistics) -
Answer:
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