MGT 8803 - Supply Chain ACTUAL UPDATED Exam Questions and CORRECT Answers

MGT 8803 - Supply Chain ACTUAL
UPDATED Exam Questions and CORRECT
Answers
operations and supply chain management (OSCM) - CORRECT ANSWER - the focus on
how to develop capabilities to design, produce, and deliver products and services in a
competitive market


the 6 primary processes in a supply chain - CORRECT ANSWER - 1. plan
2. source
3. make
4. deliver
5. return
6. engage


the consequences of a poor supply chain - CORRECT ANSWER - -loss of productivity
-customer complaints
-Increased costs
-loss of revenue
-damage to brand


key supply chain challenges - CORRECT ANSWER - - flexibility and responsiveness to
changes in demand or product mix
- supplier performance (risk, reliability, quality)
- ensuring sufficient supplier capacity to meet demand
- effectively supporting new product launches
- lack of competitive cost structure
- hiring qualified workers

, the three types of decisions - CORRECT ANSWER - 1. strategy
2. planning
3. execution


strategy supply chain decisions - CORRECT ANSWER - decisions that are long term and
competitive in nature


examples include
- network configuration
- supply chain model
- outsourcing
- vertical integration


operations planning supply chain decisions - CORRECT ANSWER - decisions that are
medium/short term and tactical in nature


examples include
- lean
- sales and operations (S&OP)
- inventory management


execution supply chain decisions - CORRECT ANSWER - decisions that are short term/real-
time and operational in nature


examples include
- scheduling people, equipment, and product


efficient supply chain model - CORRECT ANSWER - a supply chain model that's focused on
cost