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Practice Quiz - Coursera

The document discusses the role of supply chain management, emphasizing its focus on optimizing the flow of goods and services from suppliers to consumers. It identifies the Blood Bank as a supply chain with a non-profit objective, contrasting it with other commercial supply chains. Additionally, it highlights that the primary goal of the supply chain should be to enhance consumer surplus rather than solely reducing costs or increasing profits.

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Madhusudan M
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94 views2 pages

Practice Quiz - Coursera

The document discusses the role of supply chain management, emphasizing its focus on optimizing the flow of goods and services from suppliers to consumers. It identifies the Blood Bank as a supply chain with a non-profit objective, contrasting it with other commercial supply chains. Additionally, it highlights that the primary goal of the supply chain should be to enhance consumer surplus rather than solely reducing costs or increasing profits.

Uploaded by

Madhusudan M
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1.

Which of the following options best describes the role of supply chain 1 / 1 point
management?

To only improve the performance of the supply chain nodes such as


warehouses and terminals

To optimize the flow of goods and services from upstream


procurement and production to downstream delivery

Only reducing costs

To eliminate all intermediate nodes in the supply chain

Correct
This option is correct. The primary role of supply chain
management is to ensure the smooth flow of goods and services
from suppliers to consumers.

2. Which of the following supply chains have a not for profit objective? 1 / 1 point

E-Commerce

Automobile

Blood Bank

Diamond

Correct
This option is correct. Blood Bank falls in the ‘Non-Profit’ Supply
chain, whose primary motive is service.

3. What should be the primary goal of the supply chain?


Enhance consumer surplus (value)

Reduce cost

Increase profit

None of these

Correct
This option is correct. Although cost minimization and business
profitability are supply chain goals, a supply chain will not be
sustained if the customers don’t get value from the product.

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