which of the following is true of supply chain management systems ? course hero

What is supply chain management?

Why does supply chain management apply only to manufacturing?

What happens to inventory turnover as weeks of supply increase?

Why should a supplier be selected on the basis of price only?

What is the primary role of purchasing?

See 2 more

About this website

Which of the following statement is true about supply chain management?

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.

Which of the following is not a key enabler for supply chain management?

Customer power: Customer power refers to the capacity of a specific market to a certain amount of goods and services. This means it is not a key attribute of supply chain management.

Which aspects of supply chain management are especially important for small businesses?

Which aspects of supply chain management are especially important for small businesses? A top management strategic responsibility with respect to supply chains is network configuration.

Is the ability of a firm to recover quickly from a supply chain disruption?

Firm resilience is the ability of the firm to: be alert to supply chain disruptions, to adapt and quickly respond to changes brought by a supply chain disruption and the ability to recover and return back to a state of greater competitiveness.

Which of the following is not a part of supply chain management system Mcq?

Q.Which of the following is not a part of supply chain management system?B.manufacturerC.information flowD.competitorAnswer» d. competitor1 more row

Which of the following is not a factor affecting the supply chain Mcq?

Answer» c. Longer product life cycle.

What is the best definition of supply chain management?

Supply chain management is the handling of the entire production flow of a good or service — starting from the raw components all the way to delivering the final product to the consumer.

What are the functions of supply chain management?

Some of the important functions of supply chain management are:Management of suppliers.Management of Raw Material.Transportation Management.Information Management.Tracking and Monitoring.Cost Management.Inventory Management.Distribution and Return Management.More items...

Which of the following is a part of supply chain management system?

Supply chain management has five key elements—planning, sourcing raw materials, manufacturing, delivery, and returns.

What are the main factors contributing to supply chain success?

According to most experts, there are three main success factors in effective and agile supply chains: your supplier relationships, your people, and the effective use of the supporting technology.

Which of the following is a goal of supply chain management?

The primary purpose of the supply chain is to fulfill demand, drive customer value, improve responsiveness, facilitate financial success and build a good network. Most primary goals of efficient supply chain management should be – faster delivery, Higher efficiency, and an accelerated cash flow.

Which of the following is not a component of supply chain management?

Sales is not one of the five basic components of supply chain management. The Supply Chain Operations Reference model is comprised of six components: Plan, Source, Make, Deliver, Return, and Enable.

Which of the following is not a component of supply chain management?

Sales is not one of the five basic components of supply chain management. The Supply Chain Operations Reference model is comprised of six components: Plan, Source, Make, Deliver, Return, and Enable.

Which of the following are key attributes of supply chain management?

Key attributes: Trust, commitment, dependence, investment, and shared benefits. Transactional exchanges – Short-tern relationship with companies in the supply chain.

Which of the following is a key supply chain process?

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.

Which of the following is not a typical supply chain member?

Answer: Retailer's Creditor is not a typical supply chain member.

Supply Chain Management Quiz Flashcards | Quizlet

Study with Quizlet and memorize flashcards containing terms like Strategic business plan, Many individual firms work together, Supply chains vary by industry and more.

CHAPTER 1 Flashcards | Quizlet

Study with Quizlet and memorize flashcards containing terms like Which of the following statements regarding the supply chain is TRUE? a. A second-tier supplier is downstream from a first-tier supplier b. A first-tier supplier is upstream from a second-tier supplier c. A customer is upstream from a first-tier supplier d. A first-tier supplier is downstream from a second-tier supplier, Which of ...

Which one of the following is true for supply chain - Course Hero

Reference: Supply Chains for Services and Manufacturing Difficulty: Easy Keywords: supply chain, manufacturing, purchased services 24) Henderson Corporation is a supplier of alloy ball bearings to auto manufacturers in Detroit. Because of the specialized manufacturing process employed, considerable work-in-process and raw material inventories are created.. The average inventory levels are ...

Solved 1.Which of the following statements about supply | Chegg.com

1.Which of the following statements about supply chains is true? Choose the best answer. a)The supply chain and the vendors that make up the supply chain should be treated like a separate entity or almost like competitors that threaten your business.

Solved Which of the following statements is true about | Chegg.com

Which of the following statements is true about supply chain management (SCM)? 1) SCM systems are great standalone systems, but cannot be integrated with an ERP system.

What is supply chain management?

Supply chain management focuses on creating information linkages within the firm so functional areas can optimize their operations at the expense of the other internal functions.

Why does supply chain management apply only to manufacturing?

a. Supply chain management applies only to manufacturing because it deals with the flow of materials.

What happens to inventory turnover as weeks of supply increase?

d. As weeks of supply increases, inventory turnover increases which in turn frees up capital for other financial requirements

Why should a supplier be selected on the basis of price only?

a. The supplier should be selected on the basis of price only because the cost of materials is a significant portion of the total product cost.

What is the primary role of purchasing?

a. Purchasing's primary role should be placing and tracking orders.

What is supply chain management?

Supply chain management focuses on creating information linkages within the firm so functional areas can optimize their operations at the expense of the other internal functions.

Why does supply chain management apply only to manufacturing?

a. Supply chain management applies only to manufacturing because it deals with the flow of materials.

What happens to inventory turnover as weeks of supply increase?

d. As weeks of supply increases, inventory turnover increases which in turn frees up capital for other financial requirements

Why should a supplier be selected on the basis of price only?

a. The supplier should be selected on the basis of price only because the cost of materials is a significant portion of the total product cost.

What is the primary role of purchasing?

a. Purchasing's primary role should be placing and tracking orders.