Supply chain and logistics management

Choose the below options which are true with respect to SCM

Supply-chain management is the integration of the activities that procure materials and services, transform them into intermediate goods and the final product, and deliver them to customers

By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster and more efficiently..

A supply chain manager is not tasked with controlling and reducing costs and avoiding supply shortages.

The five most critical elements of SCM are developing a strategy, sourcing raw materials, production, distribution, and returns.

The initial stage of the supply chain process is the _____________.

Sourcing Stage

Organizing Stage

Planning stage

Directing Stage

Which of the following are not key attributes of supply chain management?

Inventory control

Leveraging technology

Customer power

All are key attributes

A supply chain which includes the distribution of finished product and services ?

Outbound Logistics

Inbound Logistics

Transportation

Supply of goods

Reserve logistics is required because ?

Goods are defective

Goods are unsold

The customer simply change their minds

All of the above

Which of the following is true for supply chain management ?

The physical material moves in the direction of the end of chain

Flow of cash backwards through the chain

Exchange of information moves in both the direction

All of the above

Supply chain and logistics management

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