SCM Supply Chain Management UPDATED ACTUAL Questions and CORRECT
Answers
is the network of all the activities involved in delivering a
finished product/service to the customer
Supply Chain
Sourcing of: raw materials, manufacturing & assembly,
warehousing, order entry & tracking, distribution, delivery
is the vital business function that coordinates and man-
ages all the activities of the supply chain.
Supply Chain Management Coordinates movement of goods through supply chain
from suppliers to manufacturers to distributors
Promotes information sharing along chain like forecasts,
sales data, & promotions
"Supply Chain Management encompasses the planning
and management of all activities involved in sourcing and
procurement, conversion, and all Logistics Management
activities. Importantly, it also includes coordination and
Supply Chain Management collaboration with channel partners, which can be suppli-
ers, intermediaries, third-party service providers, and cus-
tomers. In essence, Supply Chain Management integrates
supply and demand management within and across com-
panies."
"Logistics is the part of the supply chain process that
plans, implements, and controls the eflcient, effective for-
ward and reverse flow and storage of goods, services,
Logistics
and related information between the point of origin and
the point of consumption in order to meet customers'
requirements."
Components of a Supply Chain for a Manufacturer E xternal Suppliers
, E sInternal Functions
x
1/7
t
e
r
n
a
l
S
u
p
p
l
i
e
r
Answers
is the network of all the activities involved in delivering a
finished product/service to the customer
Supply Chain
Sourcing of: raw materials, manufacturing & assembly,
warehousing, order entry & tracking, distribution, delivery
is the vital business function that coordinates and man-
ages all the activities of the supply chain.
Supply Chain Management Coordinates movement of goods through supply chain
from suppliers to manufacturers to distributors
Promotes information sharing along chain like forecasts,
sales data, & promotions
"Supply Chain Management encompasses the planning
and management of all activities involved in sourcing and
procurement, conversion, and all Logistics Management
activities. Importantly, it also includes coordination and
Supply Chain Management collaboration with channel partners, which can be suppli-
ers, intermediaries, third-party service providers, and cus-
tomers. In essence, Supply Chain Management integrates
supply and demand management within and across com-
panies."
"Logistics is the part of the supply chain process that
plans, implements, and controls the eflcient, effective for-
ward and reverse flow and storage of goods, services,
Logistics
and related information between the point of origin and
the point of consumption in order to meet customers'
requirements."
Components of a Supply Chain for a Manufacturer E xternal Suppliers
, E sInternal Functions
x
1/7
t
e
r
n
a
l
S
u
p
p
l
i
e
r
