prelim Flashcards
(65 cards)
1
Q
the management of flow of products and services which begins from the origin of products and ends at the product’s consumption
A
supply chain management
2
Q
comprises movement and storage of raw materials
A
supply chain management
3
Q
the magnification of safety stocks and costs based on separate forecasts
A
bullwhip effect
4
Q
interdependent activities can lead to improved quality, etc
A
process integration
5
Q
help in identifying cost-saving opportunities
A
cost reduction
6
Q
important elements of supply chain management
A
purchasing
operations
distribution
integration
7
Q
ensures that products or available when consumers needed them
A
enhanced customer satisfaction
8
Q
reduces lead times and optimizes processes
A
improved efficiency
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