BTM535 C1 SUPPLY CHAIN MANAGEMENT (SCM)

Which of the following best describes Supply Chain Management (SCM)?

• The process of manufacturing goods within a factory.

• The oversight of information, materials, and services from suppliers to customers.

• The relationship between a company and its customers.

• A method for managing sales and marketing activities.

Which of the following strategies focuses on maintaining minimal inventory and ordering new products based on real-time sales data?

• Lean Manufacturing

• Six Sigma

• Just-in-Time (JIT)

• Total Quality Management (TQM)

What is the primary goal of Supply Chain Management?

• To increase production speed without regard to costs.

• To ensure the effective and efficient flow of goods and services from suppliers to consumers.

• To minimize customer interaction and focus on internal operations.

• To focus solely on reducing supplier costs.

Which of the following is NOT considered a key activity in Supply Chain Management?

• Supplier relationship management

• Warehousing and inventory management

• Product advertising

• Distribution and logistics

Why is data analysis important in Supply Chain Management?

• To decrease communication between suppliers and manufacturers.

• To reduce the amount of inventory stored in warehouses.

• To identify inefficiencies and areas for improvement in the supply chain.

• To eliminate the need for supplier partnerships.

Which of the following concepts focuses on continuous, incremental improvements in the supply chain?

• Six Sigma

• Kaizen

• Lean Manufacturing

• Just-in-Time (JIT)

What is one of the major benefits of building long-term relationships with suppliers?

• Higher costs due to exclusive contracts.

• Increased complexity in communication.

• Better consistency in quality and reliability.

• Shorter product development times but lower innovation.

Which of the following refers to managing the logistics of transporting, storing, and delivering goods from one stage of the supply chain to another?

• Product development

• Distribution management

• Supplier evaluation

• Market research

What is the primary focus of the Lean Manufacturing approach in supply chain management?

• Maximizing profit margins.

• Reducing waste and improving process efficiency.

• Creating high levels of inventory for unexpected demand.

• Enhancing supplier relationships through frequent orders.

Which of the following best describes the "end-to-end" aspect of Supply Chain Management?

• Managing the logistics from raw materials to delivery of the finished product to customers.

• Focusing only on the internal manufacturing processes.

• Prioritizing the supplier’s requirements over the customer’s.

• Managing only the transportation of finished goods.