MGSC 487 Gaffney – Complete Exam
Bundle with Exam 1, Exam 2, Final
Exam, Unit 1 Review, Verified Answers,
and Detailed Solutions
Description:
This document contains a comprehensive collection of MGSC 487 Gaffney study
materials, including Exam 1, Exam 2, Final Exam, and Unit 1 review content. It features
exam-style questions, verified answers, and detailed solution explanations covering key
management science concepts, quantitative analysis techniques, decision-making models,
and problem-solving methods.
The material is organized to support efficient exam preparation, reinforce course
concepts, and provide students with extensive practice for quizzes, midterms, and final
assessments. It serves as a valuable resource for mastering the topics most frequently
tested throughout the MGSC 487 course.
MGSC 487 Exam 1 - Questions and Answers
1. In today's "sourcing sandbox" _________ are at the center
Answer: customers
2. In a supply chain, information flows __________ from the customers to the suppliers/raw
materials, and materials and products flow ____________ from the materials stage to the
customers
Answer: backward; forward
3. Supply Chain:
Answer: the integration of sequentially related firms' inbound and outbound logistics,
together with operations (manufacturing and service), and supporting information systems
, 4. Profit Leverage Effect
Answer: the increase in corporate profit obtained by decreasing purchase spend; measured
by determining the increase in profit obtained by a decrease in purchase spend (ex. in the
book shows that in order to achieve increased revenue of $6mil, the company could either
increase sales by 75% or decrease purchase spend by 10%); more realistic in firms that
have neglected supply and given sales a lot of attention already
5. better to dec spending than inc sales
Answer: Return on Assets (ROA)
6. displayed as a percentage; an indicator of how profitable a company is relative to its total
assets - gives an idea as to how efficient management is at using its assets to generate
earnings (higher is better, in terms of attractiveness to investors)
Answer: __________________________ as a percentage of total revenues is a good indicator of
supply's financial impact
7. dollars spent with suppliers
Answer: Increased ______________ over the last decade has increased sourcing spend
significantly
8. outsourcing
Answer: In almost all manufacturing organizations, the __________ area represents by far the
largest single category of spend, ranging from about _____________ of revenue
9. supply; 50-80%
Answer: Collectively, private and public organizations in North America spend at least
________________ with suppliers
10. $29 trillion (about 1.5 the combined GDPs)
Bundle with Exam 1, Exam 2, Final
Exam, Unit 1 Review, Verified Answers,
and Detailed Solutions
Description:
This document contains a comprehensive collection of MGSC 487 Gaffney study
materials, including Exam 1, Exam 2, Final Exam, and Unit 1 review content. It features
exam-style questions, verified answers, and detailed solution explanations covering key
management science concepts, quantitative analysis techniques, decision-making models,
and problem-solving methods.
The material is organized to support efficient exam preparation, reinforce course
concepts, and provide students with extensive practice for quizzes, midterms, and final
assessments. It serves as a valuable resource for mastering the topics most frequently
tested throughout the MGSC 487 course.
MGSC 487 Exam 1 - Questions and Answers
1. In today's "sourcing sandbox" _________ are at the center
Answer: customers
2. In a supply chain, information flows __________ from the customers to the suppliers/raw
materials, and materials and products flow ____________ from the materials stage to the
customers
Answer: backward; forward
3. Supply Chain:
Answer: the integration of sequentially related firms' inbound and outbound logistics,
together with operations (manufacturing and service), and supporting information systems
, 4. Profit Leverage Effect
Answer: the increase in corporate profit obtained by decreasing purchase spend; measured
by determining the increase in profit obtained by a decrease in purchase spend (ex. in the
book shows that in order to achieve increased revenue of $6mil, the company could either
increase sales by 75% or decrease purchase spend by 10%); more realistic in firms that
have neglected supply and given sales a lot of attention already
5. better to dec spending than inc sales
Answer: Return on Assets (ROA)
6. displayed as a percentage; an indicator of how profitable a company is relative to its total
assets - gives an idea as to how efficient management is at using its assets to generate
earnings (higher is better, in terms of attractiveness to investors)
Answer: __________________________ as a percentage of total revenues is a good indicator of
supply's financial impact
7. dollars spent with suppliers
Answer: Increased ______________ over the last decade has increased sourcing spend
significantly
8. outsourcing
Answer: In almost all manufacturing organizations, the __________ area represents by far the
largest single category of spend, ranging from about _____________ of revenue
9. supply; 50-80%
Answer: Collectively, private and public organizations in North America spend at least
________________ with suppliers
10. $29 trillion (about 1.5 the combined GDPs)
