SUPPLY CHAIN
MANAGEMENT - EXAM 1
VERIFIED QUESTIONS
AND ANSWERS
, SUPPLY CHAIN MANAGEMENT - EXAM 1 VERIFIED
QUESTIONS AND ANSWERS
Batch Manufacturing - - Answer --Type of manufacturing process where items are moved
through the different manufacturing steps in groups.
Bill of Materials - - Answer --Listing of all the subassemblies, intermediates, parts, and raw
materials that go into a parent assembly showing the quantity of each required.
Bottleneck - - Answer --Operation that has the lowest effective capacity of any operation in the
facility and limits a system's output.
Bottom-Up Planning - - Answer --Approach to S&OP where product/service mix is unstable and
requirements vary. Managers add up requirements for each product/service separately and then
total to get an overall picture.
Break-Even Point - - Answer --Volume level for a business at which total revenues covers total
costs.
Business Process - - Answer --Set of logically related tasks or activities performed to achieve a
defined business outcome.
Business Strategy - - Answer --The strategy that identifies the firms targeted customers and
sets time frames and performance objectives for the business.
Capacity - - Answer --The capability of a worker, machine, work center, plant or organization to
produce output per time period.
Capacity Planning - - Answer --Establish strategic capacity levels (bricks and mortar) and
tactical capacity levels (workforce, inventory).
Chase Demand Strategy - - Answer --Increase and Decrease the rate of production to match
the expected demand.
Continuous Flow Process - - Answer --Type of manufacturing process that is similar to a
production line however, the product cannot be broken into discrete units.
Core Competencies - - Answer --Organizational strengths or abilities, developed over a long
period, that customers find valuable and competitors find impossible to copy.
Cycle Stock - - Answer --Components or products that are received in bulk by a downstream
partner, gradually used up, and then replenished again in bulk by an upstream partner.
Cycle Time - - Answer --For a line process, the actual time between completions of successive
units on a production line.
Deliver - - Answer --Order, Warehouse, Transportation & Installation Management for stocked,
make-to-order and engineer-to-order products.
MANAGEMENT - EXAM 1
VERIFIED QUESTIONS
AND ANSWERS
, SUPPLY CHAIN MANAGEMENT - EXAM 1 VERIFIED
QUESTIONS AND ANSWERS
Batch Manufacturing - - Answer --Type of manufacturing process where items are moved
through the different manufacturing steps in groups.
Bill of Materials - - Answer --Listing of all the subassemblies, intermediates, parts, and raw
materials that go into a parent assembly showing the quantity of each required.
Bottleneck - - Answer --Operation that has the lowest effective capacity of any operation in the
facility and limits a system's output.
Bottom-Up Planning - - Answer --Approach to S&OP where product/service mix is unstable and
requirements vary. Managers add up requirements for each product/service separately and then
total to get an overall picture.
Break-Even Point - - Answer --Volume level for a business at which total revenues covers total
costs.
Business Process - - Answer --Set of logically related tasks or activities performed to achieve a
defined business outcome.
Business Strategy - - Answer --The strategy that identifies the firms targeted customers and
sets time frames and performance objectives for the business.
Capacity - - Answer --The capability of a worker, machine, work center, plant or organization to
produce output per time period.
Capacity Planning - - Answer --Establish strategic capacity levels (bricks and mortar) and
tactical capacity levels (workforce, inventory).
Chase Demand Strategy - - Answer --Increase and Decrease the rate of production to match
the expected demand.
Continuous Flow Process - - Answer --Type of manufacturing process that is similar to a
production line however, the product cannot be broken into discrete units.
Core Competencies - - Answer --Organizational strengths or abilities, developed over a long
period, that customers find valuable and competitors find impossible to copy.
Cycle Stock - - Answer --Components or products that are received in bulk by a downstream
partner, gradually used up, and then replenished again in bulk by an upstream partner.
Cycle Time - - Answer --For a line process, the actual time between completions of successive
units on a production line.
Deliver - - Answer --Order, Warehouse, Transportation & Installation Management for stocked,
make-to-order and engineer-to-order products.
