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Supply Chain Management - Benefits & Best Practices

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a supply chain?

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1. Which activity is included in supply chain management?

2. In supply chain management, past financial data is used to:

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About This Quiz & Worksheet

Supply chain management (SCM) is crucial for developing products and streamlining services. Quiz questions ask you about definitions, activities and best practices regarding SCM.

Quiz & Worksheet Goals

The quiz requires you to:

  • Describe a supply chain
  • Name an activity included in SCM
  • Complete a sentence about the relationship between financial data and SCM
  • Identify a way that SCM can be used to obtain a competitive advantage
  • Finish a sentence about SCM best practices

Skills Practiced

  • Information recall - access your knowledge of SCM to complete sentences about financial data and best practices
  • Defining key concepts - ensure that you can properly describe a supply chain
  • Reading comprehension - verify that you are able to pull the most useful points about SCM from the lesson

Additional Learning

More information on this subject can be found in the lesson entitled Supply Chain Management - Benefits & Best Practices. The objectives covered there include:

  • Name the steps of the supply chain
  • Study a hypothetical example to see how SCM works
  • Describe the benefits companies draw from effective SCM
  • Explain the process for developing a set of SCM best practices
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