Supply Chain Management

Question 1

The concept of the blank..variesfrom that of thr conventional logistics concepts.

Answer 1

Supply chain management

Question 2

Is a line up companies that markets good or service

Answer 2

Supply chain

Question 3

Supply chain management itegrates stakeholder integration between clients and the provider

Answer 3

Integrated behavior

Question 4

In particular for planning and surveillance processes,an efficient SCM exchange information between channel participants is needed.

Answer 4

Mutual sharing information

Question 5

Effective SCM often includes reciprocal channels risks and incentives to hae competitive benefit.

Answer 5

Mutual sharing channel risks and rewards

Question 6

The successful SCM requires cooperation between the channel participants.

Answer 6

Cooperation

Question 7

Supply chain is effective where all supply chain members serve consumers with the same objective and concentration.

Answer 7

Focus service customers

Question 8

Implementing SCM requires the convergence of system from the supply chain to product to delivery.

Answer 8

Integration process

Question 9

The objective of successful partnership is to merge channel policies to reduce duplication and overlap in the search for a degree of cooperation that makes partners more efficient at lower costs.

Answer 9

Partner to build and maintain long term relationships

Question 10

9benefitsof supply chain management

Answer 10

1.Builds stronger and support with clients

Question 11

2.providesbetter distribution processes,with less delay,for demanded goods and services

Answer 11

3.increase efficiency and function for companies

Question 12

4.lowers shipping directly and warehouse cost.

Answer 12

5.eliminates costs directly and implicity

Question 13

6.supports the shipping at the right spot with the right goods.

Answer 13

7.enhances asset management and encourage the effective implementation of just in time inventory models

Question 14

8.assist businesses in responding to global dynamics, economic upheavals,growung market preferences,and social dis-parties

Answer 14

9.assist businesses in supply chain to reduce duplication eliminate risks and achieve efficiency

Question 15

FUNCTION OF SUPPLY CHAIN MANAGEMENT

Answer 15

..

Question 16

At the strategic level, decision are long term and have a broad ipact on the entire supply chain

Answer 16

Strategic level

Question 17

Deciding on the optimal location of facilities

Answer 17

Network design

Question 18

Identifying and selecting strategic suppliers

Answer 18

Supply selection and relationship management

Question 19

Collaborating with suppliers and customers

Answer 19

Product development and innovation

Question 20

Focuses on medium term planning and execution

Answer 20

Tactical level

Question 21

Forecasting demand and developing production plans

Answer 21

Demand planning

Question 22

Determining optimal inventory levels settings

Answer 22

Inventory management

Question 23

Monitoring and evaluating supplier performance

Answer 23

Supplier performance management

Question 24

Planning transportation routes modesand carriers

Answer 24

Transportation planning

Question 25

Decision are short term and focused on day to day objective.

Answer 25

Operational level

Question 26

Receiving and processing customer order

Answer 26

Order processing

Question 27

Managing inventory replenishment cyle counting

Answer 27

Inventory control

Question 28

Creating daily production schedules

Answer 28

Production scheduling

Question 29

Managing the movement of goods within warehouse

Answer 29

Warehouse and distribution

Question 30

FACTORS AFFECTING SUPPLY CHAIN IN THE HOSPITALITY INDUSTRY

Answer 30

...

Question 31

The demand for hospitality services can vary significantly depending on the time of the year

Answer 31

Seasonality

Question 32

Events like natural disasters politacal instability pandemics

Answer 32

Global events and crisis

Question 33

A reliable and efficient supply chain depends on the reliability of suppliers

Answer 33

Supply reliability

Question 34

Increasingly consumers organizations are priotizing sustainable and ethically sourced products.

Answer 34

Sustainability and ethical sourcing

Question 35

Advanced in technology have transformed.....

Answer 35

Technological advancements

Question 36

Compliance with health and safety regulations labor laws

Answer 36

Regulator requirements

Question 37

Efficient transportation and logistics are crucial for well functioning supply chain

Answer 37

Transportation and logistics