Management Information System (MIS) Practice Exam

Which of the following exemplifies a supply chain management system?

1. Knowledge portal

2. Market analysis

3. Sales force automation

4. Procurement planning

The correct answer is: Procurement planning

A supply chain management system focuses on the flow of goods, information, and finances related to the production and delivery of products from suppliers to consumers. It involves various functions such as procurement, production planning, inventory management, and logistics. Procurement planning specifically plays a crucial role in this process as it ensures that the correct quantity of products is obtained from vendors at the right time and cost. Effective procurement planning helps to manage supplier relationships, forecast inventory needs, and strategically source materials necessary for production, all of which are integral to the overall efficiency of the supply chain. The other options, while important in the broader context of business operations, do not embody the primary functions associated with supply chain management. A knowledge portal primarily facilitates information sharing and collaboration among employees, market analysis focuses on understanding market trends and consumer demand, and sales force automation streamlines the sales process but does not address the complexities of managing the supply chain.