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Q. In supply chain process………….is defined as “the act of buying all those activities necessary to acquire goods and services consistent with user requirements.

Q. VMI stands for………….

Q. ………… emphasis on ‘to do what you are best at and leave all other non- value-added activities to more suited players’.

Q. ………..means to build in a mechanism a means to prevent mass production of defective work in machine or product line.

Q. Integration of business economics and strategic planning has given rise to a new area of study called__________.

Q. Budgeting, paying the bills, and collection of funds are activities associated with the

Q. The managing change by developing a cohesive environment in the organization is included in …………….stage of strategic planning process.

Q. The activities in supply chain process reside inside a……………,but an entire process will not be contained with in one function.

Q. Which of the following is not a part of Supply chain Management system?

Q. Which type of product might require a more direct marketing channel to avoid delays and too much handling?