Quiz 2

Question 1

process used by companies to ensure that their supply chain is efficient and cost-effective.

Answer 1

Supply chain management

Question 2

collection of steps that a company takes to transform raw materials into a final product.

Answer 2

supply chain

Question 3

The initial stage of the supply chain process. plan how the products and services will satisfy the demands and necessities of the customers.

Answer 3

Plan

Question 4

concentrates on building a strong relationship with the suppliers of the raw materials required for production. planning methods for shipping, delivery, and payment of the product.

Answer 4

Develop

Question 5

the manufacturing or making of products that were demanded by the customer. Products are designed, produced, tested, packaged, and synchronized for delivery

Answer 5

Make

Question 6

Products are delivered to the customer at the destined location

Answer 6

Deliver

Question 7

Defective or damaged goods are returned to the supplier by the customer.

Answer 7

Return

Question 8

flow of an item from the producer to the consumer.

Answer 8

Material flow

Question 9

comprises the request for quotation, purchase order, monthly schedules, engineering change requests, quality complaints and reports on supplier performance from customer side to the supplier.

Answer 9

Information flow

Question 10

money flows from the clients to the respective producer. Flow of money is also observed from the producer side to the clients in the form of debit notes.

Answer 10

Money flow