IBM Final Exam Ch 9-14 Questions &
Answers 2024/2025
Supply Chain - ANSWERSa set of 3 or more companies directly linked by one or more of the upstream
and downstream flows of products, services, finances, and information from a source to a customer
Push strategy - ANSWERSa supply chain strategy in which a company builds goods based on a sales
forecast, puts those goods into storage, and waits for a customer to order the product
Pull Strategy - ANSWERSa supply chain strategy in which customer orders drive manufacturing and
distribution operations
Push-Pull Strategy - ANSWERSa supply chain strategy in which the initial stages of the supply chain
operate on a push system, but completion of the product is based on a pull system
Logistics - ANSWERSthe part of supply chain management that plans, implements, and controls the flow
of goods, services and information between the point of origin and the final customer
Just-In-Time - ANSWERSa manufacturing process that seeks to make products based on customer orders
rather than in anticipation of orders and to receive components from suppliers only when they are
needed for production
Cyclical Inventory - ANSWERSinventory a firm needs to meet average demand
pipeline inventory - ANSWERSinventory that is in transit between suppliers and customers
anticipative stock - ANSWERSinventory that is produced or purchased when a company expects
something to occur in the future that will negatively affect stock availability
Seasonal Stock - ANSWERSthe goods a firm sells only at certain times of the year
Answers 2024/2025
Supply Chain - ANSWERSa set of 3 or more companies directly linked by one or more of the upstream
and downstream flows of products, services, finances, and information from a source to a customer
Push strategy - ANSWERSa supply chain strategy in which a company builds goods based on a sales
forecast, puts those goods into storage, and waits for a customer to order the product
Pull Strategy - ANSWERSa supply chain strategy in which customer orders drive manufacturing and
distribution operations
Push-Pull Strategy - ANSWERSa supply chain strategy in which the initial stages of the supply chain
operate on a push system, but completion of the product is based on a pull system
Logistics - ANSWERSthe part of supply chain management that plans, implements, and controls the flow
of goods, services and information between the point of origin and the final customer
Just-In-Time - ANSWERSa manufacturing process that seeks to make products based on customer orders
rather than in anticipation of orders and to receive components from suppliers only when they are
needed for production
Cyclical Inventory - ANSWERSinventory a firm needs to meet average demand
pipeline inventory - ANSWERSinventory that is in transit between suppliers and customers
anticipative stock - ANSWERSinventory that is produced or purchased when a company expects
something to occur in the future that will negatively affect stock availability
Seasonal Stock - ANSWERSthe goods a firm sells only at certain times of the year
