Supply Chain Quiz 1
Successful modern supply chain management typically includes the practice of?
Collaborating and sharing information between supply chain partners
Service firms offer intangible products (meaning products that cannot be physically touched), therefore, they do not have a supply chain.
false
The goal of Supply Chain Management is to increase customer service by increasing inventory and reducing costs.
false
What are the four foundations of Supply Chain Management?
-logistics management -operations management -supply management -integration
Which one of the following is NOT a common mode of transportation in the supply chain?
Bus
Which of the following statements is TRUE?
Strategic partnerships are seen as one of the foundations of supply chain management
It was intense global competition that led manufactures to adopt Supply Chain Management (SCM) and other practices such as Just-in-Time (JIT).
true
Supply chain management starts with understanding the flow.
true