PRINCIPLES OF SUPPLY CHAIN
MANAGEMENT 5TH EDITION
COMPREHENSIVE EXAM SCRIPT SOLVED
QUESTIONS GRADED A+
◉ Which of the following best describes the SCOR model?
Answer: The SCOR model is a framework of processes and metrics
that companies can use to develop a supply chain performance
management system.
Correct! The Supply Chain Council developed the SCOR model to be
used as a framework in developing supply chain performance
management systems.
◉ A company implementing a lean supply chain would typically plan
to _______ days of supply.
Answer: decrease
Correct! The focus of a lean supply chain is to reduce waste which
includes reducing inventory at all levels. Assuming average sales
stay the same, a reduction in finished goods inventory would lead to
a decrease in days of supply.
◉ What issue has impacted the need for global logistics?
Answer: Expansion in global competition and trade
, Correct! The need for global logistics, or the integrated coordination
of all the components of the supply chain so that information and
materials flow slowly, is necessary to be able to compete in the
global marketplace.
◉ Process improvements associated with global logistics can help
win global market shares by shifting the role or impact of factors
they involve.
Which of the following factors can be expected to decrease in
response to process improvement on a global scale?
Answer: Costs
Correct! Process improvements are intended to improve or decrease
costs.
◉ What likely helps a company coordinate or manage their logistics?
Answer: Communication technologies
Correct! Improved communication technologies in e-commerce most
likely contribute to opportunities for greater coordination in
managing their global supply chain.
◉ True or False
Information and technologies support global logistics that have
improved buying and selling and have allowed companies to provide
some limited information, such as product price and product
features.
MANAGEMENT 5TH EDITION
COMPREHENSIVE EXAM SCRIPT SOLVED
QUESTIONS GRADED A+
◉ Which of the following best describes the SCOR model?
Answer: The SCOR model is a framework of processes and metrics
that companies can use to develop a supply chain performance
management system.
Correct! The Supply Chain Council developed the SCOR model to be
used as a framework in developing supply chain performance
management systems.
◉ A company implementing a lean supply chain would typically plan
to _______ days of supply.
Answer: decrease
Correct! The focus of a lean supply chain is to reduce waste which
includes reducing inventory at all levels. Assuming average sales
stay the same, a reduction in finished goods inventory would lead to
a decrease in days of supply.
◉ What issue has impacted the need for global logistics?
Answer: Expansion in global competition and trade
, Correct! The need for global logistics, or the integrated coordination
of all the components of the supply chain so that information and
materials flow slowly, is necessary to be able to compete in the
global marketplace.
◉ Process improvements associated with global logistics can help
win global market shares by shifting the role or impact of factors
they involve.
Which of the following factors can be expected to decrease in
response to process improvement on a global scale?
Answer: Costs
Correct! Process improvements are intended to improve or decrease
costs.
◉ What likely helps a company coordinate or manage their logistics?
Answer: Communication technologies
Correct! Improved communication technologies in e-commerce most
likely contribute to opportunities for greater coordination in
managing their global supply chain.
◉ True or False
Information and technologies support global logistics that have
improved buying and selling and have allowed companies to provide
some limited information, such as product price and product
features.
