vege - Fotolia
When it comes to supply chain management, there's one goal in mind: getting the right product to the consumer in the most efficient and cost-effective way possible. However, doing so successfully requires numerous processes and resources to be in place. With the amount of work that goes into it, the number of people that have to collaborate and the modern, digital technologies available, it can be hard to decide what strategy aligns best with your business goals.
So, how about brushing up on some supply chain management basics and key terms? Stop what you're doing for a few minutes and take this brief quiz to ensure you have a strong understanding of supply chain management basics and the key terms including logistics, supply chain traceability, inventory management and risk management, to name a few.