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 best describes supply chain management systems? Supply chain management systems automate the flow of information between a firm and its suppliers in order to optimize the planning, sourcing, manufacturing, and delivery of products and services.
What is a supply chain management quizlet?
Supply Chain Management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability. Operations Management. Forecasting, Capacity Planning, Scheduling, Maintaining inventory, assuring quality, and motivating and training.
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.
Which of the following best describes supply chain management system?
Which of the following best describes supply chain planning systems? Supply chain planning systems enable the firm to model its existing supply chain, generate demand forecasts for products, and develop optimal sourcing and manufacturing plans.
The characteristics of a good supply chain are visibility, optimization, having the lowest cost possible, timeliness, and consistency.15-Jun-2016
Which of the following best describes what Knowledge management is about?
Which of the following best describes knowledge management? Knowledge management refers to the set of business processes developed in an organization to create, store, transfer, and apply knowledge.
Which of the following best describes knowledge management systems? Knowledge management systems support the creation, capture, storage, and dissemination of firm expertise and knowledge.
Which of the following is the most accurate statement about customer relationship management CRM )?
Which of the following best describes customer relationship management (CRM)? correct Answer: Customer relationship management (CRM) covers the strategies, processes, and information systems an organization uses to build and maintain relationships with its current and prospective customers.
Plan, source, make, deliver, and return are the five basic supply chain management components.
Why is supply chain management important quizlet?
Why is the Supply Chain so Important? The Process of planning, implementing and controlling supply chain operations. Managing flow of information through supply chain in order to attain the level of Synchronization that will make it more responsive to customer needs while lowering costs.
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 the importance of supply chain management?
SCM Helps Sustains Human Life – Humans depend on supply chains to deliver basic necessities such as food and water. Any breakdown of these delivery pipelines quickly threatens human life. For example, in 2005, Hurricane Katrina flooded New Orleans, LA leaving the residents without a way to get food or clean water.
Important benefits of supply chain management
What is the purpose of supply chain management systems?
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
The functions of a supply chain include product development, marketing, operations, distribution, finance, and customer service. Today, many supply chains are global in scale. Effective supply chain management results in lower costs and a faster production cycle.
Which of the following is one of the three elements of supply chain sustainability?
Three elements of supply chain sustainability include social responsibility, environmental responsibility, and financial responsibility.10-Sept-2021
Which of the following best describes a major difference between supply chain management and logistics? Supply chain management involves handling suppliers and customers. Logistics only encompasses the outbound flow of products and materials.
What are the five most important factors of supply chain management?
Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns.
Disruptive events that occurred over the last several years fall into three broad categories of supply chain risk: Natural Catastrophes, Man-Made, and Economic.05-Jan-2018
Which one of these is not part of a supply chain?
Which of the following is true for supply chain management quizlet?