SCM 545 Final - Past Quizzes With Complete
Questions And Correct Answers
Supply chain management can best be described by _________ - ANSWER the
management of upstream and downstream relationships with suppliers and customers
to deliver superior customer value at less cost to the supply chain as a whole
Which of the following companies refers to itself as a "technology company merged with
supply chain"?
-Amazon
-Microsoft
-Target
-Walgreens - ANSWER Amazon
How does supply chain management create value? - ANSWER Form, time, place,
exchange
The "Great Divide" in supply chain management occurs between _____ - ANSWER
demand-generated activities and demand-fulfilling activities
Which megatrend(s) will greatly challenge supply chain managers?
-Disruptive Technology
-Increasing gaps in talent and skills
-Geopolitical and social changes
-Customers requiring standard products - ANSWER -Disruptive Technology
-Increasing gaps in talent and skills
-Geopolitical and social changes
What is the ideal situation for companies as they seek to create a competitive advantage
through SCM? - ANSWER productivity and value leader
Why has supply chain management recently received more recognition?
-Better recognition of how supply chain creates value for a company
-Evolution of the concept of integrated supply chain management
-Increasing name recognition by the media and the general public
,-All of the above - ANSWER All of the above
True or False: Supply chains are primarily about cost reduction activities - ANSWER
False
True or False: It is natural within organizations for functions to cooperate for the good of
the overall organization - ANSWER False
What part of the Supply Chain Operations Reference (SCOR) model involves purchasing
materials or services? - ANSWER Source
What can arise from supply chains that produce large batch sizes with weeks or months
before the customer wants the product?
-Customers don't want the items
-The items are in places and at times that customers don't want them
-Unsold products are sold at reduced prices or scrapped together
-All of the above - ANSWER All of the above
The concept of bending the chain refers to ______ - ANSWER collaborating across
sourcing, manufacturing, and delivery to achieve overall goals
Which of the following would be an appropriate metric for a senior-level supply chain
executive who is managing an integrated supply chain?
-3-4 defects per opportunity
-cash-to-cash cycle
-stock price
-marketing's forecast accuracy - ANSWER cash-to-cash cycle
Which functional organization would typically adopt the key metric of the lowest unit
cost of production? - ANSWER Manufacturing
True or False: All customers should receive the same level of customer service -
ANSWER True
Which of the choices below is not one of the 3 broad types of customer classifications
that can be used to help a company properly segment its supply chain?
-efficiency
-value
-effectiveness
-customized - ANSWER Value
, Which of the choices below is not one of the ways that companies can use to foster an
integrated approach to supply chain management?
-organizational structure
-organizational culture
-metrics
-finance-driven organization - ANSWER Finance-driven organization
True or False: Issues of dis-integration happen both within the supply chain and in its
relationship with other business factors - ANSWER True
The supply chain value proposition framework represents the interactions among which
of the following?
-revenues, cash, and costs
-revenues, costs, and assets
-operational value, profitability, and inventory
-cash, cost of goods sold, and inventory - ANSWER Revenues, costs, and assets
What has been the traditional top priority of supply chain organizations in most
companies? - ANSWER cutting costs
Which of these is an example of a "tax haven"?
-a legal entity of a corporation
-a branch of a corporation that reports losses
-a country or jurisdiction with very low corporate taxes
-a country without a tax treaty with the US - ANSWER A country or jurisdiction with very
low corporate taxes
Which of these actions will most directly lead to more cash on hand for an organization?
-increase sales
Questions And Correct Answers
Supply chain management can best be described by _________ - ANSWER the
management of upstream and downstream relationships with suppliers and customers
to deliver superior customer value at less cost to the supply chain as a whole
Which of the following companies refers to itself as a "technology company merged with
supply chain"?
-Amazon
-Microsoft
-Target
-Walgreens - ANSWER Amazon
How does supply chain management create value? - ANSWER Form, time, place,
exchange
The "Great Divide" in supply chain management occurs between _____ - ANSWER
demand-generated activities and demand-fulfilling activities
Which megatrend(s) will greatly challenge supply chain managers?
-Disruptive Technology
-Increasing gaps in talent and skills
-Geopolitical and social changes
-Customers requiring standard products - ANSWER -Disruptive Technology
-Increasing gaps in talent and skills
-Geopolitical and social changes
What is the ideal situation for companies as they seek to create a competitive advantage
through SCM? - ANSWER productivity and value leader
Why has supply chain management recently received more recognition?
-Better recognition of how supply chain creates value for a company
-Evolution of the concept of integrated supply chain management
-Increasing name recognition by the media and the general public
,-All of the above - ANSWER All of the above
True or False: Supply chains are primarily about cost reduction activities - ANSWER
False
True or False: It is natural within organizations for functions to cooperate for the good of
the overall organization - ANSWER False
What part of the Supply Chain Operations Reference (SCOR) model involves purchasing
materials or services? - ANSWER Source
What can arise from supply chains that produce large batch sizes with weeks or months
before the customer wants the product?
-Customers don't want the items
-The items are in places and at times that customers don't want them
-Unsold products are sold at reduced prices or scrapped together
-All of the above - ANSWER All of the above
The concept of bending the chain refers to ______ - ANSWER collaborating across
sourcing, manufacturing, and delivery to achieve overall goals
Which of the following would be an appropriate metric for a senior-level supply chain
executive who is managing an integrated supply chain?
-3-4 defects per opportunity
-cash-to-cash cycle
-stock price
-marketing's forecast accuracy - ANSWER cash-to-cash cycle
Which functional organization would typically adopt the key metric of the lowest unit
cost of production? - ANSWER Manufacturing
True or False: All customers should receive the same level of customer service -
ANSWER True
Which of the choices below is not one of the 3 broad types of customer classifications
that can be used to help a company properly segment its supply chain?
-efficiency
-value
-effectiveness
-customized - ANSWER Value
, Which of the choices below is not one of the ways that companies can use to foster an
integrated approach to supply chain management?
-organizational structure
-organizational culture
-metrics
-finance-driven organization - ANSWER Finance-driven organization
True or False: Issues of dis-integration happen both within the supply chain and in its
relationship with other business factors - ANSWER True
The supply chain value proposition framework represents the interactions among which
of the following?
-revenues, cash, and costs
-revenues, costs, and assets
-operational value, profitability, and inventory
-cash, cost of goods sold, and inventory - ANSWER Revenues, costs, and assets
What has been the traditional top priority of supply chain organizations in most
companies? - ANSWER cutting costs
Which of these is an example of a "tax haven"?
-a legal entity of a corporation
-a branch of a corporation that reports losses
-a country or jurisdiction with very low corporate taxes
-a country without a tax treaty with the US - ANSWER A country or jurisdiction with very
low corporate taxes
Which of these actions will most directly lead to more cash on hand for an organization?
-increase sales
