SCM 301 Tom Mulherin Exam #1
questions with complete solutions
WEEK 1 KEY TAKEAWAYS - correct answer ✔✔The Flash Cards to follow
Operations - correct answer ✔✔The group that produces the product or provides the service, turning
inputs into outputs, thereby adding value and creating wealth
Supply Chain Flows - correct answer ✔✔Physical, monetary, and informational
Physical Flow - correct answer ✔✔physical activities associated with the process.
Example:
- Conversion of materials
- Storage of materials
- Movement of materials
information flow - correct answer ✔✔the movement of information along the supply chain
Examples:
- Purchase orders
- Delivery Status
- Invoices
- Customer Complaints
Monetary Flows - correct answer ✔✔Cash generally flows from customers to suppliers, with the
exception of refunds
Key Elements of the operations function - correct answer ✔✔- People
- Technology
questions with complete solutions
WEEK 1 KEY TAKEAWAYS - correct answer ✔✔The Flash Cards to follow
Operations - correct answer ✔✔The group that produces the product or provides the service, turning
inputs into outputs, thereby adding value and creating wealth
Supply Chain Flows - correct answer ✔✔Physical, monetary, and informational
Physical Flow - correct answer ✔✔physical activities associated with the process.
Example:
- Conversion of materials
- Storage of materials
- Movement of materials
information flow - correct answer ✔✔the movement of information along the supply chain
Examples:
- Purchase orders
- Delivery Status
- Invoices
- Customer Complaints
Monetary Flows - correct answer ✔✔Cash generally flows from customers to suppliers, with the
exception of refunds
Key Elements of the operations function - correct answer ✔✔- People
- Technology
