Practice Quiz

Supply Chain Management

Category - Efficiency

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The main goals of an efficient supply chain are to _______________.

i. Coordinate the material flow
ii. Reduce storage of inventory
iii. Increase the efficiency of the producer to the fullest
  1. ii and iii.
  2. i and ii.
  3. i and iii.
  4. i, ii, and iii.
Explanation
Answer: D - The main goals of an efficient supply chain are to coordinate the material flow so that it reduces storage of inventory and increases the efficiency of the producer to the fullest. This type of model is best suited when predicting demand is very easy and there are very few mistakes made in forecasting.
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