Supply Chain Questions And Answers Pdf
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- Multiple Choice Questions (MCQ) on Supply chain management
- Procurement (and Purchasing) Job Interview Questions & Answers
- 5 Supply Chain Manager Interview Questions and Answers
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Procurement , or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise.
Multiple Choice Questions (MCQ) on Supply chain management
Ans: Supply chain management also covers coordination and collaboration with channel partners, such as customers, suppliers, distributors and service providers. Ans: Logistics is used more broadly to refer to the process of coordinating and moving resources — people, materials, inventory, and equipment — from one location to storage at the desired destination. The term logistics originated in the military, referring to the movement of equipment and supplies to troops in the field.
Ans: The management of logistics can involve some or all of the following business functions, including:. Ans: Although many small businesses focus on the design and production of their products and services to best meet customer needs, if those products cannot reach customers, the business will fail. But logistics also impacts other aspects of the business, too. The more efficiently raw materials can be purchased, transported, and stored until used, the more profitable the business can be.
Coordinating resources to allow for timely delivery and use of materials can make or break a company. Ans: Logistics and supply chain management are terms that are often used interchangeably, but they actually refer to two aspects of the process. Logistics refers to what happens within one company, including the purchase and delivery of raw materials, packaging, shipment, and transportation of goods to distributors, for example.
While supply chain management refers to a larger network of outside organizations that work together to deliver products to customers, including vendors, transportation providers, call centers, warehouse providers, and others. The charterer agrees to pay a specified price, called freight, for the carriage of the goods or the use of the ship.
A ship may be let, like a house, to a person who takes possession and control of it for a specified term. The sub activities include in the whole operations are;. Ans: Procure to pay purchase to pay or P2P is the process of obtaining and managing the raw materials needed for manufacturing a product or providing a service.
It involves the transactional flow of data that is sent to a supplier as well as the data that surrounds the fulfillment of the actual order and payment for the product or service. According to the Chartered Institute of Purchasing and Supply, procure to pay should be a seamless process from point of order to payment.
Technology can assist this process. The goal of a procure-to-pay software system is to automate processes by introducing efficiency controls. For instance, to enforce buying controls, the software might cross-reference purchasing budgets to ensure compliance with pre-defined buying limits.
A requisition that was within pre-defined limits would be programmatically routed for approval, converted into a purchase order once approved and immediately sent to the correct supplier by email.
Ans: A label for a product which complies with the standards set for that industry, or in the case of an import, which meets the label specifications set by the applicable government agencies of the importing and exporting countries.
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What is the definition of supply chain management? What are the key elements of supply chain management? Demand Management. What is the main goal of supply chain management? What is Logistics? What are the Logistics Components Ans: The management of logistics can involve some or all of the following business functions, including: Inbound transportation Outbound transportation Fleet management Warehousing Materials handling Order fulfillment Inventory management Demand planning Q6.
Why Logistics is Important Ans: Although many small businesses focus on the design and production of their products and services to best meet customer needs, if those products cannot reach customers, the business will fail.
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Procurement (and Purchasing) Job Interview Questions & Answers
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5 Supply Chain Manager Interview Questions and Answers
Supply chain management includes an integrated approach of planning, implementing and controlling the flow of information, materials and service from raw material to the finished good for the ultimate distribution to the customer. It is a notice that is sent to the customer about the detailed shipment information in advance of delivery. It may also include carrier and shipment related information like time of shipment and expected time of arrival. LTL Less than Truckload shipment is a contract between the shipper and transport owner. According to the contract, instead of the entire truck, the shipment are priced according to the weight of the freight and mileage within designated lanes.
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