What is the best definition of supply chain management?Ī) The strategic coordination of business functions within and Select all the examples of facilities from the list below. Supply chains make use of various forms of facilities. Which of the below is the goal of supply chain management?Ī) To match supply and demand as efficiently as possible.ī) To add value in the organization's transformation of the product.Ĭ) To return profit to the shareholders of the organization.ĭ) To ensure the highest quality product for the consumer. What is meant by the term "reverse logistics?"ī) Use of third-party logistics suppliersĬ) Sending empty containers back with the supply trucks for reuseĭ) When a producer has to cancel an order made to a supplierĪ supply chain is alternatively referred to by what name? The activities that supply chain managers are involved with planning and coordinating are all of the following except which? ![]() The raw materials, components or other parts provided by vendors to an organization which are transformed from inputs to outputs. Select the best definition of supply chain.Ī) The chain of suppliers contracted by an organization, including first, second and third tier suppliers, to provide inputs for production.ī) The sequence of organizations-their facilities, functions, and activities-that are involved in producing and delivering a product or service.
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