INTRO SUPPLY CHAIN EXAM 1
RUTGERS MCLAURY QUESTIONS
AND ANSWERS
What is goal of supply chain? - CORRECT ANSWERS ✅✅ -increase customer
service while reducing inventory investment and operating expenses
Two reasons firms implement supply chain management? - CORRECT ANSWERS
✅✅ -Achieve cost savings and better coordinate resources
Logistics - CORRECT ANSWERS ✅✅ -Plans, implements, controls flow/storage of
goods from point of origin to point of consumption (in a single organization)
Flow of products - CORRECT ANSWERS ✅✅ -Raw materials to interm suppliers to
manufacturers
to distributors to retailers to customers
Warehousing/Distribution - CORRECT ANSWERS ✅✅ -FACILITIES that allow
companies to store materials and finished products to receive, breakdown, repackage,
and ship materials out to a manufacturing location or to a customer.
Modes of transportation - CORRECT ANSWERS ✅✅ -truck, rail, air, pipeline, water
intermodal - CORRECT ANSWERS ✅✅ -any combo of transportation for single
shipment
Inbound transportation - CORRECT ANSWERS ✅✅ -suppliers: suppliers to
manufacturer
outbound transportation - CORRECT ANSWERS ✅✅ -customers:
wholesaler/distributor to retailer to customer
SC disruption - CORRECT ANSWERS ✅✅ -supplier cannot deliver material as
planned
The manufacturer cannot continue production. temp stops production
causes backorder
,No inventory available = stockout
backorder - CORRECT ANSWERS ✅✅ -cannot ship finished product to customers
against their open orders
Stockout - CORRECT ANSWERS ✅✅ -no inventory available
Why important to identify Tier 1 sup/cust? - CORRECT ANSWERS ✅✅ -These are
partners you want to build relationship with first
Service supply chain - CORRECT ANSWERS ✅✅ -about managing relationships
between trading partners
SCOR Model - CORRECT ANSWERS ✅✅ -Supply Chain Operations Research
Model
Plan Source Make Deliver and return and enable
Plan/Planning (SCOR) - CORRECT ANSWERS ✅✅ -DETERMINATION of
marketing and distribution channels [promos, quantities, timing, inventory and
replenishment, production policies] SCOR
(not Supply chain planning--ch 3)
Source/Sourcing - CORRECT ANSWERS ✅✅ -the process of IDENTIFYING the
suppliers that provide the materials and services needed for the supply chain to deliver
the finished product(s) desired by the customer(s). SCOR
Make/Manufacture - CORRECT ANSWERS ✅✅ -the series of OPERATIONS
performed to convert materials into a finished product.
most METRIC-intensive portion of the supply chain SCOR
Quality Management - CORRECT ANSWERS ✅✅ -an important aspect of the
make/manufacturing process SCOR
Deliver - CORRECT ANSWERS ✅✅ -LOGISTICS phase. oversees the planning and
EXECUTION of the FORWARD flow of goods and related information between various
points in the supply chain to meet customer requirements. SCOR
Return - CORRECT ANSWERS ✅✅ -Reverse logistics. planning and controlling the
process of moving goods specifically from the point of consumption BACK TO POINT
OF ORIGIN for repair, reclamation, remanufacture, recycling, or disposal. SCOR
Enable - CORRECT ANSWERS ✅✅ -additional aspect of SCOR
, facilitate a company's ABILITY TO MANAGE the supply chain and are spread
throughout every stage.
In other words, we want to enable our capabilities as we plan, source, make, and deliver
(and return).
not a stage that occurs sequentially after all of the others.
MRP - CORRECT ANSWERS ✅✅ -Materials Requirements Planning - what
materials needed
method of determining what materials are needed and when they are needed to support
the production plan.
A computer-based materials management system that calculates the exact quantities,
need dates, and planned order releases for subassemblies, component parts and
materials required to manufacture a final product. (must be customized to meet your
works)
MRP requires - CORRECT ANSWERS ✅✅ -The independent demand information,
i.e., finished product forecast
Parent-component relationships from BOM
Inventory status of final product and each of the components and materials.
Planned order releases (output of MRP)
Advantages of MRP - CORRECT ANSWERS ✅✅ -provides planning info
disadvantage of MRP - CORRECT ANSWERS ✅✅ -loss of visibility; ignores
capacity and shop floor conditions
MRP II - CORRECT ANSWERS ✅✅ -Coordinates the arrival of materials with the
availability of machine and labor
A computer-based system that can create detail production schedules using realtime
data.
used widely by itself, but also as a module of more extensive enterprise resource
planning (ERP) systems."
Just In Time - CORRECT ANSWERS ✅✅ -a philosophy of manufacturing based on
the planned elimination of all waste and continuous productivity improvement
AS NEEDED - reduces inventory costs
Total Quality Management - CORRECT ANSWERS ✅✅ -the approach to long-term
success through customer satisfaction based on the participation of all members of an
organization to improve the quality of their work
RUTGERS MCLAURY QUESTIONS
AND ANSWERS
What is goal of supply chain? - CORRECT ANSWERS ✅✅ -increase customer
service while reducing inventory investment and operating expenses
Two reasons firms implement supply chain management? - CORRECT ANSWERS
✅✅ -Achieve cost savings and better coordinate resources
Logistics - CORRECT ANSWERS ✅✅ -Plans, implements, controls flow/storage of
goods from point of origin to point of consumption (in a single organization)
Flow of products - CORRECT ANSWERS ✅✅ -Raw materials to interm suppliers to
manufacturers
to distributors to retailers to customers
Warehousing/Distribution - CORRECT ANSWERS ✅✅ -FACILITIES that allow
companies to store materials and finished products to receive, breakdown, repackage,
and ship materials out to a manufacturing location or to a customer.
Modes of transportation - CORRECT ANSWERS ✅✅ -truck, rail, air, pipeline, water
intermodal - CORRECT ANSWERS ✅✅ -any combo of transportation for single
shipment
Inbound transportation - CORRECT ANSWERS ✅✅ -suppliers: suppliers to
manufacturer
outbound transportation - CORRECT ANSWERS ✅✅ -customers:
wholesaler/distributor to retailer to customer
SC disruption - CORRECT ANSWERS ✅✅ -supplier cannot deliver material as
planned
The manufacturer cannot continue production. temp stops production
causes backorder
,No inventory available = stockout
backorder - CORRECT ANSWERS ✅✅ -cannot ship finished product to customers
against their open orders
Stockout - CORRECT ANSWERS ✅✅ -no inventory available
Why important to identify Tier 1 sup/cust? - CORRECT ANSWERS ✅✅ -These are
partners you want to build relationship with first
Service supply chain - CORRECT ANSWERS ✅✅ -about managing relationships
between trading partners
SCOR Model - CORRECT ANSWERS ✅✅ -Supply Chain Operations Research
Model
Plan Source Make Deliver and return and enable
Plan/Planning (SCOR) - CORRECT ANSWERS ✅✅ -DETERMINATION of
marketing and distribution channels [promos, quantities, timing, inventory and
replenishment, production policies] SCOR
(not Supply chain planning--ch 3)
Source/Sourcing - CORRECT ANSWERS ✅✅ -the process of IDENTIFYING the
suppliers that provide the materials and services needed for the supply chain to deliver
the finished product(s) desired by the customer(s). SCOR
Make/Manufacture - CORRECT ANSWERS ✅✅ -the series of OPERATIONS
performed to convert materials into a finished product.
most METRIC-intensive portion of the supply chain SCOR
Quality Management - CORRECT ANSWERS ✅✅ -an important aspect of the
make/manufacturing process SCOR
Deliver - CORRECT ANSWERS ✅✅ -LOGISTICS phase. oversees the planning and
EXECUTION of the FORWARD flow of goods and related information between various
points in the supply chain to meet customer requirements. SCOR
Return - CORRECT ANSWERS ✅✅ -Reverse logistics. planning and controlling the
process of moving goods specifically from the point of consumption BACK TO POINT
OF ORIGIN for repair, reclamation, remanufacture, recycling, or disposal. SCOR
Enable - CORRECT ANSWERS ✅✅ -additional aspect of SCOR
, facilitate a company's ABILITY TO MANAGE the supply chain and are spread
throughout every stage.
In other words, we want to enable our capabilities as we plan, source, make, and deliver
(and return).
not a stage that occurs sequentially after all of the others.
MRP - CORRECT ANSWERS ✅✅ -Materials Requirements Planning - what
materials needed
method of determining what materials are needed and when they are needed to support
the production plan.
A computer-based materials management system that calculates the exact quantities,
need dates, and planned order releases for subassemblies, component parts and
materials required to manufacture a final product. (must be customized to meet your
works)
MRP requires - CORRECT ANSWERS ✅✅ -The independent demand information,
i.e., finished product forecast
Parent-component relationships from BOM
Inventory status of final product and each of the components and materials.
Planned order releases (output of MRP)
Advantages of MRP - CORRECT ANSWERS ✅✅ -provides planning info
disadvantage of MRP - CORRECT ANSWERS ✅✅ -loss of visibility; ignores
capacity and shop floor conditions
MRP II - CORRECT ANSWERS ✅✅ -Coordinates the arrival of materials with the
availability of machine and labor
A computer-based system that can create detail production schedules using realtime
data.
used widely by itself, but also as a module of more extensive enterprise resource
planning (ERP) systems."
Just In Time - CORRECT ANSWERS ✅✅ -a philosophy of manufacturing based on
the planned elimination of all waste and continuous productivity improvement
AS NEEDED - reduces inventory costs
Total Quality Management - CORRECT ANSWERS ✅✅ -the approach to long-term
success through customer satisfaction based on the participation of all members of an
organization to improve the quality of their work
