SUPPLY CHAIN MANAGEMENT - EXAM 1 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

SUPPLY CHAIN MANAGEMENT - EXAM 1 UPDATED
ACTUAL QUESTIONS AND CORRECT ANSWERS
Question:
SUPPLY CHAIN MANAGEMENT -
QUESTIONS AND CORRECT
Planning, scheduling, and control of the
goods and services.
Marketing Management
1




Answer:
EXAM 1 UPDATED ACTUAL
ANSWERS
activities that transform inputs into finished
Supply Management

, 2

Question:
Supply Chain
Answer:
Network of manufacturers and service providers that work together to convert
goods from raw material to end user. Linked through physical flows, information
flows, and monetary flows.

Question:
Operations function
Answer:
The collection of people, process, technology, and systems within an organization
that has primary responsibility for providing products or services.

Question:
Inputs
Answer:
-Materials
-Intangible Needs
-Information

Question:
Outputs
Answer:
-Tangible Goods
-Fulfilled Needs
-Satisfied Customers

Question:
Operations Management
Answer:
Planning, scheduling, and control of the activities that transform inputs into
finished goods and services.

Question:
Upstream
Answer:
Activities or firms positioned earlier in the supply chain relative to another activity
or firm of interest.

Question:
Downstream
Answer:
Activities or firms positioned later in the supply chain relative to another activity or
firm of interest.