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SCMN 2150 Exam 1 Questions with Detailed Verified Answers

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SCMN 2150 Exam 1 Questions with Detailed Verified Answers SCMN 2150 Exam 1 Questions with Detailed Verified Answers

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SCMN 2150 Exam 1 Questions with Detailed
Verified Answers
What are the 5 steps to adopting a supply chain perspective. Ans: 1. Plan

2.Source

3. Make

4. Deliver

5. Return

Gartner Inc. __________ Ans: releases the top 25 rankings each year

What are the top 5 supply chain organizations for 2023? Ans: 1. Schneider Electric

2. Cisco Systems

3. Colgate-Palmolive

4. Johnson & Johnson

5. PepsiCo

"Mom" definition of supply chain management Ans: Involves all the activities that take
place to get a product in your hands

Technical definition of Supply Chain Management Ans: encompasses the planning and
management of all activities involved in sourcing and procurement, conversion, and all
logistics management activities

, What are the 5 primary groups involved in supply chain management? Ans: 1. Supplier

2. Manufacturer

3. Distributor

4. Retailer

5. Consumer

What are the 3 flows involved in supply chain management? Ans: 1. Product

2. Information

3. Money

Which essential processes of supply chain management are associated with Plan, Buy,
Make, Move, and Service? Ans: 1. Internal supply chain

2. Purchasing

3. Production

4. Distribution

5. Customers

Supply chains are not linear as depicted. They __________ Ans: are much more
complex and their structure is spider web like.




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