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Test bank For Introduction To Supply Chain Management 6th Edition by Bowersox
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Test bank For Introduction To Supply Chain Management 6th Edition by Bowersox
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Introduction To Supply ChainManagement
How does Supply Chain affect your life? - ANSAll activities that take place to get a product in
your hands from raw material to final product
What are the areas of Supply Chain? - ANSPlanning and Forecasting
Purchasing
Product Assembly
Moving
Storing
Tracking Products
What does Planning and Forecasting do? - ANSDetermines how much the company will need of
a product bases on current trends and future predictions
What is another name for Purchasing? - ANSProcurement
What is Procurement? - ANSThe buying process
What is Production? - ANSThe make process (assembly and manufacturing)
What is Storing? - ANSWhere the product will be placed until needed
What is another name for moving? - ANSDistribution
What is Distribution? - ANSThe movement of products across the supply chain
How do companies track products? - ANSRadio Frequency Identification Tags (RFID Tags)
What are the 7 Goals of Supply Chain? - ANSThe right product
To the right customer
At the right time
At the right place
In the right condition
In the right quantity
At the right cost
Why is transformation important? - ANSSo the business can survive and stay competitive
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