SCM
What does SCM stand for?
Supply Chain Management
Which of the following is a key goal of SCM?
Streamlining processes
What is the role of technology in SCM?
Enhances visibility and control
Which of the following is a common challenge in SCM?
Lack of coordination
What is the purpose of demand forecasting in SCM?
Optimizing inventory levels
Which of the following is an example of a supply chain network?
Collaborative partnerships
What is the role of inventory management in SCM?
Minimizing stockouts
Why is supply chain visibility important in SCM?
Reduces risks
What is the main benefit of collaboration in SCM?
Improves supply chain performance
Which of the following is a strategy to optimize inventory in SCM?
Implementing Just-In-Time inventory