BUAD 331 Practice Exam Verified Questions/Answer
GUARANTEE A+ 2025/2026
The three classifications of supply chain value desired by customers are: -
Form, time, and place
The optimal way for supply chains management to contribute to competitive
advantage is through: - Being the leader in both cost and form/time/place
value creation
Which function of the supply chain is considered to be the most
"upstream"? - The identification, acquisition, and management of the goods
and services needed to run a business.
Which function of the supply chain is considered to be the most
"downstream"? - Returns management
Supply Chain management contributes to financial performance through: -
Growing top line revenue, reducing costs, and improving asset turnover
Which of the following organizations competes on exchange value by
providing low prices for products? - Walmart
Fiji bottled water emphasizes its unique source as an example of which
value utility? - Place
Which of the following best describes supply chain digitalization? -
Supply chain management contributes to reduced environmental impact in
all of the following ways EXCEPT: - Sourcing from global areas to increase
transportation miles
Amazon creates value by providing enhanced levels of which of the
following utilities? - Time and Place
How does Zara use its supply chain capabilities to generate a competitive
advantage? - Speeding cycle times of new fashions from design to store
shelf to ensure the trendiest fashions.
, Supply chain management refers to: - the design and coordination of a
network of organizations to get, use, deliver, and dispose of goods and
services
Walmart's low-price strategy enables it to: - Operate efficiently to reduce
costs and increase profitability.
How does supply chain management create value? - Form, Time, and
Place
The SCOR model views the relationship between a supply chain's
functions as to assess an organization's strengths and weaknesses? - A
handoff
Total value optimization involves: - Finding the optimal balance between
increasing revenue and minimizing cost
What part of the Supply Chain Operations Reference (SCOR) model
involves turning the raw material into a finished product? - Make
What negative outcomes can result from large lot-sized, long lead-time
operations? - A. Customers don't want the items that are available.
B. The items are located in places and at times customers that don't want
them.
C. Unsold products are sold at reduced prices or scrapped altogether.
D. All of the above
"Bending the chain" refers to: - A move from a linear supply chain model to
an integrated, overlapping one
What is the first step Caterpillar took to better integrate its supply chain
functions? - Formed an integrated supply chain group to manage its supply
chain
Which of the following would be a metric for a senior-level supply chain
manager? - Operating profit
What is a company's optimal service level? - The point where the cost and
revenue curves are farthest apart
GUARANTEE A+ 2025/2026
The three classifications of supply chain value desired by customers are: -
Form, time, and place
The optimal way for supply chains management to contribute to competitive
advantage is through: - Being the leader in both cost and form/time/place
value creation
Which function of the supply chain is considered to be the most
"upstream"? - The identification, acquisition, and management of the goods
and services needed to run a business.
Which function of the supply chain is considered to be the most
"downstream"? - Returns management
Supply Chain management contributes to financial performance through: -
Growing top line revenue, reducing costs, and improving asset turnover
Which of the following organizations competes on exchange value by
providing low prices for products? - Walmart
Fiji bottled water emphasizes its unique source as an example of which
value utility? - Place
Which of the following best describes supply chain digitalization? -
Supply chain management contributes to reduced environmental impact in
all of the following ways EXCEPT: - Sourcing from global areas to increase
transportation miles
Amazon creates value by providing enhanced levels of which of the
following utilities? - Time and Place
How does Zara use its supply chain capabilities to generate a competitive
advantage? - Speeding cycle times of new fashions from design to store
shelf to ensure the trendiest fashions.
, Supply chain management refers to: - the design and coordination of a
network of organizations to get, use, deliver, and dispose of goods and
services
Walmart's low-price strategy enables it to: - Operate efficiently to reduce
costs and increase profitability.
How does supply chain management create value? - Form, Time, and
Place
The SCOR model views the relationship between a supply chain's
functions as to assess an organization's strengths and weaknesses? - A
handoff
Total value optimization involves: - Finding the optimal balance between
increasing revenue and minimizing cost
What part of the Supply Chain Operations Reference (SCOR) model
involves turning the raw material into a finished product? - Make
What negative outcomes can result from large lot-sized, long lead-time
operations? - A. Customers don't want the items that are available.
B. The items are located in places and at times customers that don't want
them.
C. Unsold products are sold at reduced prices or scrapped altogether.
D. All of the above
"Bending the chain" refers to: - A move from a linear supply chain model to
an integrated, overlapping one
What is the first step Caterpillar took to better integrate its supply chain
functions? - Formed an integrated supply chain group to manage its supply
chain
Which of the following would be a metric for a senior-level supply chain
manager? - Operating profit
What is a company's optimal service level? - The point where the cost and
revenue curves are farthest apart
