What is the main difference between supply chain management (SCM) and logistics?
A. Logistics focuses on two main constituents: transportation and warehousing
B. SCM's main focus is the delivery of a final product while logistics focuses more on the bigger picture
C. Logistics covers a number of processes in the supply chain while SCM just focuses on moving products
D. None of the above
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How are businesses hoping blockchain will help SCM?
A. Increase transparency and visibility
B. Secure exchange of data
C. Manage smart contracts
D. All of the above
Which of the following isnota component of supply chain planning?
A. Consumer forecasting
B. Supply collaboration
C. Supply chain security
Demand plan
Which of the following are important in creating a supply chain management strategy?
A. Ensuring the customer is satisfied
B. Using as many resources available as effectively as possible
C. Implementing technology and management software that best fits your business needs
D. All of the above
Which of the following isnota benefit of SCM?
A. Higher profits
B. Lower costs
C. Boosting collaboration efforts
D. None of the above
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