The Supply Chain

Question 1

The global network used to deliver products and services from raw materials to end customers through an engineered flow of information, physical distribution, and cash

Answer 1

Supply Chain

Question 2

1. In its narrowest sense, an organization that provides an intangible product (eg medical or legal advice)
2. In its broadest sense, all organizations except farming, mining, and manufacturing. Includes retail trade; wholesale trade; transportation and utilities; finance, insurance, and real estate; construction; professional, and social services; and local, state, and federal governments.

Answer 2

Service Industry

Question 3

The design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand, and measuring performance globally.

Answer 3

Supply Chain Management

Question 4

Used as a relative reference within a firm or supply chain to indicate moving in the direction of the raw material supplier

Answer 4

Upstream

Question 5

Used as a relative reference within a firm or supply chain to indicate moving in the direction of the end customer

Answer 5

Downstream