Supply Chain
What is the main difference between supply chain management (SCM) and logistics?
a. Logistics focuses on two main constituents: transportation and warehousing
b. SCM's main focus is the delivery of a final product while logistics focuses more on the bigger picture
c. Logistics covers a number of processes in the supply chain while SCM just focuses on moving products
d. None of the above
a. Logistics focuses on two main constituents: transportation and warehousing
How are businesses hoping blockchain will help SCM?a. Increase transparency and visibility
b. Secure exchange of data
c. Manage smart contracts
d. All of the above
d. All of the above
SCM covers the planning and execution of processes required to execute a product's flow, from acquiring goods and materials through production and distribution to the final customer, in the most efficient way possible?
TRUE
What is digitalization in supply chain management?
A) Using paper records
B) Implementing digital tools and technology
C) Increasing manual processes
D) Reducing communication
B) Implementing digital tools and technology
Which of the following is not a component of supply chain planning?
a. Consumer Forecasting
b. Supply Collaboration
c. Supply Chain Security
d. Demand Plan
c. Supply Chain Security
Which of the following is an ultimate goal of supply chain digitalization?
A)Communication
B) Enhancing customer satisfaction
C) Limiting supplier options
D) Increasing lead times
B) Enhancing customer satisfaction
The goal of SCS is to apply socially responsible practices that are friendly to the environment and encourage positive brand awareness for your business?a. true
b. false
TRUE
Which of the following is a risk management tool available to enterprises today?
a. Enterprise risk management systems
b. predictive analysis
c. sensors
d. all of the above
d. all of the above
Which provider is most commonly used by companies to help handle standard transport and logistics functions in SCM?
a. 3rd party logistics providers
b. 4th party logistics providers
c. 2nd party logistics providers
d. 5th party logistics providers
a. 3rd party logistics providers
What does "just-in-time" inventory mean?
A) Keeping large amounts of stock
B) Ordering products as needed
C) Delaying shipments
D) Focusing on production speed
B) Ordering products as needed