Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Merchandise sometimes flows backwards from consumer to producer. This is known as a(n)
a. reverse supply chain
b. industrial supply chain
c. supply chain
d. retail supply chain
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- What are the critical objectives of a Supply Chain?arrow_forwardinformation management system List three major factors that may increase supply chains efficiency and quality.arrow_forwardThe cash discount is 1. the most common industry discount 2. given to the special vendors 3. Is given when they purchase a large quantity 4. given when the delivery is accepted earlyarrow_forward
- Explain the following based on Supply Chain Management:1. Direct Distribution2. Indirect Distribution3. Wholesaler4. Retailer5. Omni-Channelarrow_forwardDescribe the picture of the Supply Chain process above .arrow_forwardWhich of the following descriptions best describe the role of a supply chain? Select one: a. The role varies based on the nature of the environment, but can include sourcing, production, marketing, sales, after-sales service, and the acceptance of risk and responsibility for the product. b. The logistics of an organization's distribution strategy. c. Physical distribution and payment collection. d. The role varies based on the nature of the environment, but can include physical ownership, payment collection, and the inclusion of after-sales service, but never involves risk or responsibility for the product.arrow_forward
- One of the benefits of having one centralized warehour as opposed to multiple regional warehouses is having less safety stock at the centralized warehouse(as compared to the sum of safety stocks at the regional warehouses) True or False?arrow_forwardBased on Supply Chain Performance Measurement Application Criteria, what is Fedex's Scope and Maintenance of Supply Chain Performance Measurement.arrow_forwardThere are two major designs of the supply chain. One design is the efficient supply chain. Briefly describe this type of supply chain. What type of companies would want to use this design?arrow_forward
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