What is the main purpose of supply chain management?
Supply chain management allows organizations to deliver more quickly, ensure products are available, reduce quality issues, and navigate returns with ease, ultimately improving value, both within the organization and for the customers.18-Jan-2022
What are the 5 main goals of supply chain management?
The top five supply chain management goals include the following:
Answer» d. faster response-to-market changes.
Which of the following is true Supply chain management?
A supply chain is the network of individuals, companies, resources, activities, and technologies used to make and sell a product or service. A supply chain starts with the delivery of raw materials from a supplier to a manufacturer and ends with the delivery of the finished product or service to the end consumer.
What is good supply chain management?
Supply chain management is the handling of the entire production flow of a good or service to maximize quality, delivery, customer experience and profitability.
Stronger cash flow Running an efficient supply chain that is based on good supplier relationships, maintains strict quality and stock control, and keeps a watchful eye on costs and prices can greatly benefit a business's liquidity by improving cash flow.26-Jan-2022
What are the four components of supply chain management?
The Top-level of this model has five different processes which are also known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return.31-Aug-2020
Which of the following is not a factor affecting the supply chain Mcq?
Answer» c. Longer product life cycle.
The true statement is: Logistics is a subset of the supply chain. (Option B) The entire managing process of acquiring, storing, and transporting resources to their final destination is known as logistics.26-Nov-2020
Which of the following is not a supply chain requirement?
Customer power is not a key attribute of supply chain management. Explanation: Supply chain management includes all methods to change raw materials to final products, it is the management of the flow of services and goods.21-Sept-2020
Supply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply management.
What is supply chain management example?
Example of SCM The most basic version of a supply chain includes a company, its suppliers and the customers of that company. An example would be: raw material producer, manufacturer, distributor, retailer and retail customer.
While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.
Which of the following is not a goal of supply chain management?
Supply-chain management does not work on the goal of increasing cycle time as it may create delays in reaching the product to their customers.
Answer is "Longer Product Lifecycles"
Which of the following are internal supply chain components?
Elements of internal Supply Chains – apart or together
Logistics Operations: Logistics operations system activities in an organization are simply described as the management of material flow and distribution of products to customers. More so, these activities comprise but not limited to: transportation, distribution planning, inventory and warehousing and order processing.22-Apr-2018
How companies manage their supply chains through?
Explanation: The company manages its supply chain with proper information sharing and dissemination. The sharing and dissemination of information is an important task. If there is some reduction in the sharing and dissemination of information, then the entire supply chain can be affected.21-Sept-2020
What is the main purpose of supply chain management?