QUESTION 8 What is the main difference between a supply chain and a value chain? [1] A supply chain is focused on the supply activity, whereas the value chain is focused on value-adding activities. [2] A supply chain has different upstream and downstream linkages, whereas the value chain has only downstream linkages. [3] A supply chain consists of the value-adding activities of a network of organisations, whereas a value chain consists of the value-adding activities of a specific organisation [4] A supply chain focuses its activities on satisfying the final consumers need, whereas a value chain coordinates the supply chain activities of different supply chain role-players.

QUESTION 9 In a typical supply chain, an upstream linkage will be on the side of the supply chain. [1] supplier [2] end consumer [3] focal firm [4] outbound QUESTION 10 Which one of the following tools can be used in the critical projects quadrant of the purchasing matrix to support strategic cost management? [1] Landed price [2] Open books [3] Target cost analysis [4] Life cycle costing