SCMN 2150 Test 1 with Complete
Solutions
what is scm - ANSWER-The "art" of managing the flow of materials and products,
information, and financial resources from source to user.
Who's involved in the supply chain? - ANSWER-suppliers, manufacturers, distributors,
retailers, consumers
Who is the most important participant in
the supply chain? - ANSWER-the consumer
What does SCM involve? - ANSWER-all the activities that take place to get a product in
your hands - from the time of raw materials extraction to the minute you pull out your
credit card and take the final product home.
three companys with good supply chains - ANSWER-amazon, nike, walmart
Supply chain management is important because - ANSWER-...develop collaborative,
trusting relationships ...improve customer satisfaction
...rationalize product touch points
...drive out costs and achieve efficiencies
Why is SCM important to customers? - ANSWER--Product Availability
-Fulfillment Accuracy
Why is SCM important to companies? - ANSWER-SCM help companies outpace the
competition by managing their materials,
product, and information flows
What do these CEOs have in common? - ANSWER-they are former scm execs
node - ANSWER-A fixed point in a supply chain where valued added processes take
place. Goods are processed, transformed, mixed, held, or sold here
link - ANSWER-The transportation method used to connect the nodes (plants,
warehouses, stores) in a supply chain.
centralized - ANSWER-National
Lower investment
Lower level Lower cost Higher cost Effective
, decentralized - ANSWER-Regional
Greater investment
Higher level Higher cost Lower cost Highly effective
network fulfillment options - ANSWER-Direct delivery, cross dock, and distribution
center
network design characteristics - ANSWER-centralized or decentralized
direct delivery - ANSWER-supplier to store,
- no inventory idled
- quicker delivery
- lowest handling costs
cross dock - ANSWER-cross docks
suppliers to dock, dock to truck. preorganized
- moderate inventory held at store
- low handling costs
- low facility costs
distribution center - ANSWER-items held in inventory at middle warehouse
- high inventory held at warehouse
- high handling costs
- high facility investment
newspaper - ANSWER-direct delivery
dog food or tents - ANSWER-distribution center
chicken - ANSWER-cross dock
What is the network design process? - ANSWER-to set-up an optimal and easily
maintainable supply chain configuration and merchandise flows to enable the supply
chain to best support the business objectives.
Centralized Distribution has an advantage in - ANSWER-lower overall inventory
handling cost are the highest for the following network fulfillment method - ANSWER-
distribution center
auburn has an RFID lab that work on Supply chain solutions like product tracking and
visibility - ANSWER-true
Short-range planning - ANSWER-Job assignments
Ordering
Solutions
what is scm - ANSWER-The "art" of managing the flow of materials and products,
information, and financial resources from source to user.
Who's involved in the supply chain? - ANSWER-suppliers, manufacturers, distributors,
retailers, consumers
Who is the most important participant in
the supply chain? - ANSWER-the consumer
What does SCM involve? - ANSWER-all the activities that take place to get a product in
your hands - from the time of raw materials extraction to the minute you pull out your
credit card and take the final product home.
three companys with good supply chains - ANSWER-amazon, nike, walmart
Supply chain management is important because - ANSWER-...develop collaborative,
trusting relationships ...improve customer satisfaction
...rationalize product touch points
...drive out costs and achieve efficiencies
Why is SCM important to customers? - ANSWER--Product Availability
-Fulfillment Accuracy
Why is SCM important to companies? - ANSWER-SCM help companies outpace the
competition by managing their materials,
product, and information flows
What do these CEOs have in common? - ANSWER-they are former scm execs
node - ANSWER-A fixed point in a supply chain where valued added processes take
place. Goods are processed, transformed, mixed, held, or sold here
link - ANSWER-The transportation method used to connect the nodes (plants,
warehouses, stores) in a supply chain.
centralized - ANSWER-National
Lower investment
Lower level Lower cost Higher cost Effective
, decentralized - ANSWER-Regional
Greater investment
Higher level Higher cost Lower cost Highly effective
network fulfillment options - ANSWER-Direct delivery, cross dock, and distribution
center
network design characteristics - ANSWER-centralized or decentralized
direct delivery - ANSWER-supplier to store,
- no inventory idled
- quicker delivery
- lowest handling costs
cross dock - ANSWER-cross docks
suppliers to dock, dock to truck. preorganized
- moderate inventory held at store
- low handling costs
- low facility costs
distribution center - ANSWER-items held in inventory at middle warehouse
- high inventory held at warehouse
- high handling costs
- high facility investment
newspaper - ANSWER-direct delivery
dog food or tents - ANSWER-distribution center
chicken - ANSWER-cross dock
What is the network design process? - ANSWER-to set-up an optimal and easily
maintainable supply chain configuration and merchandise flows to enable the supply
chain to best support the business objectives.
Centralized Distribution has an advantage in - ANSWER-lower overall inventory
handling cost are the highest for the following network fulfillment method - ANSWER-
distribution center
auburn has an RFID lab that work on Supply chain solutions like product tracking and
visibility - ANSWER-true
Short-range planning - ANSWER-Job assignments
Ordering
