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