1.Supply Chain covers Movement of Goods Movement of Services Movement of Goods and Services 2.Supply Chain is between Customer to customer Customer to Supplier Supplier to supplier Supplier to Customer 3.Which one of the below is element of supply chain Distribution Management Human Resorce Management Finance Mangement 4.What is the goal of supply chain Create Customer satisfaction Create Supplier Satisfaction All the above Create profit 5.What is inventory It is about stock and its value It is about selling of goods It is about movement of the goods 6.Managing the activities involving the flow of supplies into and out of a company is known as what? Procurement and distribution SCM Supply chain Operations managemet 7.Which of the following is involved with supply chain management? Goods Surveys1 Marketing Overhead 8.Which of the following is NOT an element of supply chain management? Inventory Labor Production Distribution and transportation 9.Order processing includes the following business processes: picking, packaging, transportation receiving, inventory availability, transportation credit checks, inventory availability, billing receiving, packaging, accounting 10.In the traditional supply chain model goods are ordered, produced, and shipped on the same day goods are produced in batches deemed to be efficient in size and sent down the supply chain goods are produced on a customized basis only after orders are received information is moved up the supply chain from the end consumer to the original supplier

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1.Supply Chain covers
Movement of Goods
Movement of Services
Movement of Goods and Services
2.Supply Chain is between
Customer to customer
Customer to Supplier
Supplier to supplier
Supplier to Customer
3.Which one of the below is element of supply chain
Distribution Management
Human Resorce Management
Finance Mangement
4.What is the goal of supply chain
Create Customer satisfaction
Create Supplier Satisfaction
All the above
Create profit
5.What is inventory
It is about stock and its value
It is about selling of goods
It is about movement of the goods
6.Managing the activities involving the flow of supplies into and out of a company is known as what?
Procurement and distribution
SCM
Supply chain
Operations managemet
7.Which of the following is involved with supply chain management?
Goods
Surveys1
Marketing
Overhead
8.Which of the following is NOT an element of supply chain management?
Inventory
Labor
Production
Distribution and transportation
9.Order processing includes the following business processes:
picking, packaging, transportation
receiving, inventory availability, transportation
credit checks, inventory availability, billing
receiving, packaging, accounting
10.In the traditional supply chain model
goods are ordered, produced, and shipped on the same day
goods are produced in batches deemed to be efficient in size and sent down the supply chain
goods are produced on a customized basis only after orders are received
information is moved up the supply chain from the end consumer to the original supplier

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