SUPPLY CHAIN MANAGEMENT - Unit 1 & 2

Which model emphasizes the quick turnover of a product with a short life cycle?

• Flexible Model

• Efficient Model

• Fast model

• Agile Model

Manufacturing management also known as .

• production planning

• inventory management

• operations management

• material management

The supply chain concept originated in what discipline?

• marketing

• operations

• logistics

• production

What entails working with vendors to supply the raw materials needed throughout the manufacturing process?

• Logistics

• Sourcing

• Production

• Supplier

The supply chain management philosophy emerged in which decade?

• 1960s

• 1970s

• 1980s

• 1990s

A supply chain is essentially a sequence of linked:

• customer and prospects

• supplier and manufacturer

• suppliers and customers

• warehousing and wholesaling units

Inspection, scrap, and repair are examples of

• internal costs

• external costs

• costs of dissatisfaction

• societal costs

Which of the following is not a type of operations?

• Goods production

• storage/transportation

• entertainment

• price reduction

In the customer enters into separate, parallel agreements with different suppliers for different parts of the services to be outsourced.

• hybrid approach

• single supplier

• multi-sourcing

• leverage competition.

The main objective of what is to minimize the overall cost of transportation while ensuring timely delivery?

• Location Decision

• Production decision

• Inventory decision

• Transportation decision