Supply Chain Management and
Strategy Development 2026
Exam Questions and Answers |
Already Graded A+
What is a global supply chain? - ANSWER ✔✔A network of suppliers
and businesses that spans multiple continents and countries to source
and supply goods and services.
, What is the primary goal of global supply chain management? -
ANSWER ✔✔To collaborate globally to deliver the greatest possible
customer service while being cost-effective.
What is the difference between a local supply chain and a global supply
chain? - ANSWER ✔✔A local supply chain optimizes suppliers within
the country or region, while a global supply chain sources from countries
with lower labor rates and production costs.
What is one advantage of global supply chains? - ANSWER
✔✔Reduced prices due to cheaper labor and operating costs.
How does supplier development occur in global supply chains? -
ANSWER ✔✔Through the sharing of information and expertise
between different supplier companies, resulting in upskilling.
What is a network of information in the context of global supply chains? -
ANSWER ✔✔It allows businesses to access new markets and
products that may be unavailable locally.
What role does technology play in global supply chains? - ANSWER
✔✔It allows for higher quality control using data analytics to improve
goods and services.