FREE Bachelor of Science in Engineering Management: Operations and Supply Chain Questions and Answers
Why is effective supply chain management vital for companies?
Effective supply chain management is vital for companies to minimize costs throughout the product life cycle, allowing them to pass along savings to consumers and offer competitive prices.
Which factor is not a challenge in supply chain management?
Streamlining supply-side activities is a goal of supply chain management, not a challenge. Challenges include quality customer services, increased costs, risk in the supply chain, and more.
What is the key goal of engineers in supply chain management?
Engineers in supply chain management play a vital role in enhancing customer satisfaction and competitive advantage by ensuring efficient production and operations, resulting in superior quality products.
What role do engineers play in supply chain management?
Engineers play a crucial role in supply chain management by leading the production of goods, evaluating audience needs, and ensuring efficient and quality operations throughout the supply chain process.
Which of the following is not a benefit of supply chain management?
Supply chain management aims to enhance efficiency by providing insights into operations and processes, leading to increased output and customer satisfaction. It does not result in decreased efficiency.
Which aspect of supply chain management leads to increased profits?
Supply chain management that leads to enhanced customer satisfaction and attracts a larger audience ultimately results in increased profits for the company.
What is the main goal of supply chain management in engineering?
The primary goal of supply chain management in engineering is to enhance customer satisfaction and gain a competitive advantage by streamlining supply-side activities, maximizing customer value, and offering superior quality products at optimal prices.