SCMN 2150: EXAM 1 MODULES 1-4 ROBERT
STRAW | FREQUENTLY TESTED QUESTIONS
WITH CORRECT ANSWERS | BRAND NEW!
7 Economic Factors of Business Logic - Answer-:;land, labor, capital, sources,
production, markets, and logistics
Network Design Issues - Answer-:;-strategic in nature
-time consuming
-multi-dimensional
Supply Chain Network Design Challenges - Answer-:;cross chain visibility, product
traceability, collaboration, service quality
According to the Demand Forecasting article in module 3, which of the following
is the demand forecasting method for consumer goods that leverages the
knowledge and experience of a company's sales team to aggregate data on
customer demand?
A. collective opinion
B. expert opinion method
C. customer surveys
,D. barometric method - Answer-:;A. collective opinion
According to the module 3 readings, by improving demand forecasting and
optimizing your supply chain, you can effectively _________ and _________?
(select two)
A. decrease turnover of personnel
B. increase profits
C. eliminate all inventory
D. better understand the customer trends
E. mitigate unnecessary costs - Answer-:;B. increase profits
E. mitigate unnecessary costs
According to the readings from module 3, as managers prepare for demand
planning in the "new normal", they need to...
A. all of these
B. review the capabilities and skills they need for the future
C. think about the organizational structure of planning
D. carefully consider and embrace agility - Answer-:;A. all of these
According to the module 3 readings, "___________ is the process of using sales
data to make assumptions on supply chain and inventory activity, allowing a
business to define service levels for the future accurately."
A. inventory management
, B. short term planning
C. demand forecasting
D. supply chain planning - Answer-:;C. demand forecasting
T/F: Capacity planning determines the output that can be achieved to meet
demand? - Answer-:;True
Supply Chain Planning - Answer-:;being proactive builds capabilities, capacity,
control
Time Horizons of Supply Chain Planning - Answer-:;Short range- hourly, daily,
weekly
Mid range- monthly
Long range- yearly (2+)
Types of Supply Chain Planning - Answer-:;-Capacity planning
-Demand planning and forecasting
-Sales and operations planning
-Production planning
-Scheduling and sequencing
Capacity Planning - Answer-:;the rate that output can be produced or held, ability
to deliver in a defined time, amount of something that can fit in a container
FOUNDATION OF SUCCESSFUL SUPPLY CHAIN
STRAW | FREQUENTLY TESTED QUESTIONS
WITH CORRECT ANSWERS | BRAND NEW!
7 Economic Factors of Business Logic - Answer-:;land, labor, capital, sources,
production, markets, and logistics
Network Design Issues - Answer-:;-strategic in nature
-time consuming
-multi-dimensional
Supply Chain Network Design Challenges - Answer-:;cross chain visibility, product
traceability, collaboration, service quality
According to the Demand Forecasting article in module 3, which of the following
is the demand forecasting method for consumer goods that leverages the
knowledge and experience of a company's sales team to aggregate data on
customer demand?
A. collective opinion
B. expert opinion method
C. customer surveys
,D. barometric method - Answer-:;A. collective opinion
According to the module 3 readings, by improving demand forecasting and
optimizing your supply chain, you can effectively _________ and _________?
(select two)
A. decrease turnover of personnel
B. increase profits
C. eliminate all inventory
D. better understand the customer trends
E. mitigate unnecessary costs - Answer-:;B. increase profits
E. mitigate unnecessary costs
According to the readings from module 3, as managers prepare for demand
planning in the "new normal", they need to...
A. all of these
B. review the capabilities and skills they need for the future
C. think about the organizational structure of planning
D. carefully consider and embrace agility - Answer-:;A. all of these
According to the module 3 readings, "___________ is the process of using sales
data to make assumptions on supply chain and inventory activity, allowing a
business to define service levels for the future accurately."
A. inventory management
, B. short term planning
C. demand forecasting
D. supply chain planning - Answer-:;C. demand forecasting
T/F: Capacity planning determines the output that can be achieved to meet
demand? - Answer-:;True
Supply Chain Planning - Answer-:;being proactive builds capabilities, capacity,
control
Time Horizons of Supply Chain Planning - Answer-:;Short range- hourly, daily,
weekly
Mid range- monthly
Long range- yearly (2+)
Types of Supply Chain Planning - Answer-:;-Capacity planning
-Demand planning and forecasting
-Sales and operations planning
-Production planning
-Scheduling and sequencing
Capacity Planning - Answer-:;the rate that output can be produced or held, ability
to deliver in a defined time, amount of something that can fit in a container
FOUNDATION OF SUCCESSFUL SUPPLY CHAIN
