OCSM CH 15 | UPDATED Questions with 100% Verified
Answers
Q1: Supply Chain
A: the sequence of organizations - their facilities, functions, and activities - that are involved
in producing and delivering a product or service
Q2: Supply Chain Management
A: The strategic coordination of business functions within a business organization and
throughout its supply chain for the purpose of integrating supply and demand
management
Q3: Logistics
A: The part of a supply chain involved with the forward and reverse flow of goods, services,
cash, and information
Q4: Which of the following best describes the two parts of the
value chain--the supply and demand components?
A: The supply component starts at raw material and ends in the organization. The demand
component is from delivery of output to the final customer.
Q5: Supply chains make use of various forms of facilities. Select all
the examples of facilities from the list below.
A: warehouses
factories
processing centers distribution centers
retail outlets
offices.
Q6: Functions and activities of the supply chain
A: Forecasting
Purchasing
Inventory management
Information management
Quality assurance
Scheduling
distribution
Production and delivery
Customer service
Q7: Demand Chain
A: The sales and distribution portion of the value chain.
, Q8: Supply Chains are also referred to as
A: value chains
Q9: The closer the organization is to the final customer, the _______
its demand component and the ______ its supply component.
A: shorter; longer
Q10: Which of the below is the goal of supply chain management?
A: To match supply and demand efficiently as possible.
Q11: The activities that supply chain managers are involved with
planning and coordinating are all of the following except
which?
A: Financial Accounting
Q12: Product and service flow
A: Involves the movement of goods or services from suppliers to customers as well as
handling customer service needs and product returns.
Q13: information flow
A: Involves sharing forecast and sales data, transmitting orders, tracking shipments, and
updating order status.
Q14: financial flow
A: involves credit terms, payments, and consignment and title ownership arrangements
Q15: What is meant by the term "reverse logistics?"
A: The return of goods from customers.
Q16: logisitics management includes management of
A: inbound and oubound transportation,
material handling,
warehousing,
inventory,
order fulfillment/
distribution,
third-party logisitics,
and reverse logistics
Q17: current trends in supply chain management
A: Measuring supply chain ROI,
"Greening" the supp. chain,
Answers
Q1: Supply Chain
A: the sequence of organizations - their facilities, functions, and activities - that are involved
in producing and delivering a product or service
Q2: Supply Chain Management
A: The strategic coordination of business functions within a business organization and
throughout its supply chain for the purpose of integrating supply and demand
management
Q3: Logistics
A: The part of a supply chain involved with the forward and reverse flow of goods, services,
cash, and information
Q4: Which of the following best describes the two parts of the
value chain--the supply and demand components?
A: The supply component starts at raw material and ends in the organization. The demand
component is from delivery of output to the final customer.
Q5: Supply chains make use of various forms of facilities. Select all
the examples of facilities from the list below.
A: warehouses
factories
processing centers distribution centers
retail outlets
offices.
Q6: Functions and activities of the supply chain
A: Forecasting
Purchasing
Inventory management
Information management
Quality assurance
Scheduling
distribution
Production and delivery
Customer service
Q7: Demand Chain
A: The sales and distribution portion of the value chain.
, Q8: Supply Chains are also referred to as
A: value chains
Q9: The closer the organization is to the final customer, the _______
its demand component and the ______ its supply component.
A: shorter; longer
Q10: Which of the below is the goal of supply chain management?
A: To match supply and demand efficiently as possible.
Q11: The activities that supply chain managers are involved with
planning and coordinating are all of the following except
which?
A: Financial Accounting
Q12: Product and service flow
A: Involves the movement of goods or services from suppliers to customers as well as
handling customer service needs and product returns.
Q13: information flow
A: Involves sharing forecast and sales data, transmitting orders, tracking shipments, and
updating order status.
Q14: financial flow
A: involves credit terms, payments, and consignment and title ownership arrangements
Q15: What is meant by the term "reverse logistics?"
A: The return of goods from customers.
Q16: logisitics management includes management of
A: inbound and oubound transportation,
material handling,
warehousing,
inventory,
order fulfillment/
distribution,
third-party logisitics,
and reverse logistics
Q17: current trends in supply chain management
A: Measuring supply chain ROI,
"Greening" the supp. chain,
