Supply chain basics
The supply chain is best described as a ______ of organizations
Network
One upstream location serving many downstream locationsis called as__________
Distribution network
Costs incurred in the production, distribution, and storage of inventory are termed as ___________
PHYSICAL COSTS
Firms like IT service providers are ______ participants
Indirect participants
Pharma and FMCG industries commonly use this SC
Distribution supply chain
Costs of disposing of excess inventory, lost sales, and lost customer goodwill due to a shortage or stock-out, are termed as _______.
Market mediation costs
Purchase orders usually move in this direction.
Upstream
Many suppliers combining into one final product is called as ___________
Assembly network
Statement-1: Products that used to be functional have become innovative.
Statement-2:Products that have significant technology or design components are functional products.
Referring to the above two statements, choose the correct option given below
Only St. 1 is correct
SCM is required because firms cannot manage cost, profit, and risk in ______
Isolation
Automobile and electronics procurement use this SC
Assembly network
Is low product variety the feature of innovative product?
No
When different supply chain stages are owned by different organization, it is termed as _____________
Differentiated supply chain
When many supply chain stages are internal to one organization, it is termed as_______________
Vertically integrated supply chain
Which type of supply chain is looking for low cost means of transportation?
Functional