SCMN 2150: Exam 1 Modules 1-4
Robert Straw |Questions and
Answers
According to the Module 1 readings, what benefit is achieved by supply chain
integration?
A. reduced facility investment
B. greater demand planning accuracy
C. greater equipment utilization
D. rationalized product handling - -B. greater demand planning accuracy
- According to the Module 1 readings, the ______ process focuses on
minimizing the number of items that enter a backward flow due to defects,
being out of date, or needing to be recycled.
A. deliver
B. return
C. make
D. plan - -B. return
- What should drive activity across the supply chain?
A. manufacturing efficiency
B. executive strategy
C. customer demand
D. marketing prediction - -C. customer demand
- Which supply chain process focuses on the transformation of inputs into
outputs?
A. supply management
B. production
C. logistics
D. post sales service - -B. production
- _______ Management includes all the activities that take place to get a
product in your hands - from raw materials extraction to production and final
goods delivery.
A. logistics
B. supply
C. supply chain
, D. operations - -C. supply chain
- What are the three key flows of a supply chain? - -INFORMATION,
PRODUCTS, FINANCIALS
Create visibility, drive utility, release funds
- 7 Rights - -cost, consumer, condition, place, product, time, quantity
- The 7 rights are part of the ... - -fulfillment accuracy
- Why is scm important - -better, faster, cheaper
- 5 primary groups of Supply Chain - -Suppliers, manufacturers, distributors,
retailers, and consumers
- Supply Chain Management - -- Organization, people, activity, info,
resources
-plan, source, make, deliver, return
- Most important participant in the supply chain - -CONSUMER
- Time utility - -having things in the right season
Ex. sunscreen
- Place utility - -goods according to geographic location
Ex. winter coats
- Distribution centers provide what benefit that is not readily available with
cross-docking or direct delivery?
A. rapid movement of perishable goods
B. less likelihood of product damages
C. lower costs for handling and storage
D. safety stock to quickly handle customer demand spikes - -D. safety stock
to quickly handle customer demand spikes
- T/F: The primary benefit of a decentralized supply chain network is
customer proximity and the main drawback is a need for larger inventory
safety stock. - -True
- T/F: According to this week's readings, RBC found that Amazon has grown
its logistics network over the last three years the same amount that Walmart
has grown its network over the last 50 years. - -True
- A fixed point in a supply chain where goods are processed, mixed, held, or
sold is called a:
Robert Straw |Questions and
Answers
According to the Module 1 readings, what benefit is achieved by supply chain
integration?
A. reduced facility investment
B. greater demand planning accuracy
C. greater equipment utilization
D. rationalized product handling - -B. greater demand planning accuracy
- According to the Module 1 readings, the ______ process focuses on
minimizing the number of items that enter a backward flow due to defects,
being out of date, or needing to be recycled.
A. deliver
B. return
C. make
D. plan - -B. return
- What should drive activity across the supply chain?
A. manufacturing efficiency
B. executive strategy
C. customer demand
D. marketing prediction - -C. customer demand
- Which supply chain process focuses on the transformation of inputs into
outputs?
A. supply management
B. production
C. logistics
D. post sales service - -B. production
- _______ Management includes all the activities that take place to get a
product in your hands - from raw materials extraction to production and final
goods delivery.
A. logistics
B. supply
C. supply chain
, D. operations - -C. supply chain
- What are the three key flows of a supply chain? - -INFORMATION,
PRODUCTS, FINANCIALS
Create visibility, drive utility, release funds
- 7 Rights - -cost, consumer, condition, place, product, time, quantity
- The 7 rights are part of the ... - -fulfillment accuracy
- Why is scm important - -better, faster, cheaper
- 5 primary groups of Supply Chain - -Suppliers, manufacturers, distributors,
retailers, and consumers
- Supply Chain Management - -- Organization, people, activity, info,
resources
-plan, source, make, deliver, return
- Most important participant in the supply chain - -CONSUMER
- Time utility - -having things in the right season
Ex. sunscreen
- Place utility - -goods according to geographic location
Ex. winter coats
- Distribution centers provide what benefit that is not readily available with
cross-docking or direct delivery?
A. rapid movement of perishable goods
B. less likelihood of product damages
C. lower costs for handling and storage
D. safety stock to quickly handle customer demand spikes - -D. safety stock
to quickly handle customer demand spikes
- T/F: The primary benefit of a decentralized supply chain network is
customer proximity and the main drawback is a need for larger inventory
safety stock. - -True
- T/F: According to this week's readings, RBC found that Amazon has grown
its logistics network over the last three years the same amount that Walmart
has grown its network over the last 50 years. - -True
- A fixed point in a supply chain where goods are processed, mixed, held, or
sold is called a:
