Which of the following is the purpose of supply chain management?
A goal of supply chain management is to improve efficiency by coordinating the efforts of the various entities in the supply chain. This can result in a company achieving a competitive advantage over its rivals and enhancing the quality of the products it produces, both of which can lead to increased sales and revenue.
What is the primary activity of supply chain management Mcq?
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.
The top five supply chain management goals include the following:
Which is one of the benefits of supply chain management Mcq?
Answer» d. faster response-to-market changes.
The primary purpose of a supply chain network design is to assess company policies and programs and to meet targets to accomplish long‐term strategic objectives, and most business units or functional areas within a company are impacted by a network design project.19-Jun-2016
Which of the following is true for 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 true for supply chain management approach?
From the above options, option (b) is not correct, as competition and risk aversion to suppliers does not increase.
A supply chain management (SCM) system manages the flow of products, data, money, and information throughout the entire supply chain, which starts with the suppliers of raw materials, runs through the intermediate tiers of the processing companies, and ends with the distributors and retailers.
Is the primary activity of supply chain management answer?
Primary Activities of Supply Chain Management Demand Management – Understanding the exit demand, quantity, due date, certainty and priority of an organization's products. To achieve successful demand management, it is key to have current data, collaboration and a wide range of visibility.14-Nov-2017
A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product. A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
What is supply chain management example?
Examples of supply chain activities include farming, refining, design, manufacturing, packaging, and transportation.26-Feb-2021
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
Which of the following is the benefits of supply chain management?
Improved product and material flow Effective supply chain management enables companies to improve product flow through accurate demand and sales forecasting and also improve inventory management to arrest the bullwhip effect and avoid underproduction.10-Feb-2017
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
What is the purpose of supply chain management quizlet?
the objective of supply chain management is to structure the supply chain to maximize its competitive advantage and benefits to the ultimate consumer. -the coordination of all supply chain activities, staring with raw materials and ending with a satisfied customer.
The objective is to understand the main supply elements for goods and services, the key constraints if any, and the type of outlets, market places or service providers that operate in each location of interest.
Which of the following is for supply chain management?
Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns.
The efficient production of the manufacturing process in getting the goods ready for the market. The delivery mechanisms and logistics that move the products to the consumers and distributors. The system for managing the return of defective or unwanted products.25-Feb-2020
Which of the following is true for supply chain management quizlet?
Which of the following is true of supply chain management? It seeks to increase efficiencies at each level in the upstream and downstream flow of products and services.
Which of the following is the purpose of supply chain management?