2
SCM midterm exam with verified detailed answers
|| || || || || ||
A supply chain features a constant flow of?
|| || || || || || ||
A. information, product, and funds.
|| || || ||
B. personnel, information, and policies.
|| || || ||
C. processes, funds, and products.
|| || || ||
D. product, processes, and support. - ✔✔A
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Which sequence of stages is typical for product flow in a supply chain?
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A. Supplier → Manufacturer → Distributor
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B. Retailer → Distributor → Customer
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C. Manufacturer → Retailer → Distributor
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D. Supplier → Customer → Retailer - ✔✔A
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Customer value is || ||
A. the sum of the supply chain surplus and supply chain cost.
|| || || || || || || || || || ||
,2
B. the remainder after supply chain cost is subtracted from supply chain surplus.
|| || || || || || || || || || || ||
C. the remainder after supply chain surplus is subtracted from supply chain cost.
|| || || || || || || || || || || ||
D. supply chain profitability minus the supply chain cost. - ✔✔A
|| || || || || || || || || ||
For any supply chain,
|| || ||
A. management rests solely in the
|| || || || ||
hands of the manufacturer.
|| || ||
B. management rests solely in the hands of the distributor.
|| || || || || || || || ||
C. if each member focuses on profitability, the overall supply chain profit will be maximized.
|| || || || || || || || || || || || || ||
D. there is only one source of revenue, the customer. - ✔✔D
|| || || || || || || || || || ||
Walmart's supply chain features clusters of stores around distribution centers, which
|| || || || || || || || || || ||
facilitates
A. high transportation costs.
|| || ||
B. frequent but inexpensive replenishment at the stores.
|| || || || || || ||
C.rapid design cycles from their R&D group.
|| || || || || ||
,2
D.sharing of information with suppliers. - ✔✔B
|| || || || || ||
A company would decide whether to outsource or perform a supply chain function in-house
|| || || || || || || || || || || || ||
during the
|| ||
A. planning phase.
|| ||
B. design phase.
|| ||
C. tactical phase.
|| ||
D. operation phase. - ✔✔B
|| || || ||
The profitability of a supply chain is impacted primarily by
|| || || || || || || || ||
A. the design, planning and operation categories of decisions.
|| || || || || || || ||
B. only the operation category of decisions.
|| || || || || ||
C. only the design and planning categories of decisions.
|| || || || || || || ||
D. only the planning and operation categories of decisions. - ✔✔A
|| || || || || || || || || ||
The cycle view of a supply chain holds that
|| || || || || || || ||
, 2
A. the processes in a supply chain are divided into 2 categories.
|| || || || || || || || || || ||
B. the processes in a supply chain are divided into a series of activities performed at the
|| || || || || || || || || || || || || || || || ||
interface between successive stages.
|| || ||
C. all processes in a supply chain are initiated in response to a customer order.
|| || || || || || || || || || || || || ||
D. all processes in a supply chain are performed in anticipation of customer orders. - ✔✔B
|| || || || || || || || || || || || || || ||
Customer order arrival refers to
|| || || ||
A. the point in time when the customer has access to choices and makes a decision
|| || || || || || || || || || || || || || || ||
regarding a purchase. || ||
B. the customer informing the retailer of what they want to purchase and the retailer
|| || || || || || || || || || || || || || ||
allocating product to the customer.
|| || || ||
C. the process where product is prepared and sent to the customer.
|| || || || || || || || || || ||
D. the process where the customer receives the product and takes ownership. - ✔✔A
|| || || || || || || || || || || || ||
The objective of customer order entry is to
|| || || || || || ||
A. get the correct orders to customers by the promised due date at the lowest possible
|| || || || || || || || || || || || || || || ||
cost.
B. maintain a record of product receipt and complete payment.
|| || || || || || || || ||
SCM midterm exam with verified detailed answers
|| || || || || ||
A supply chain features a constant flow of?
|| || || || || || ||
A. information, product, and funds.
|| || || ||
B. personnel, information, and policies.
|| || || ||
C. processes, funds, and products.
|| || || ||
D. product, processes, and support. - ✔✔A
|| || || || || ||
Which sequence of stages is typical for product flow in a supply chain?
|| || || || || || || || || || || ||
A. Supplier → Manufacturer → Distributor
|| || || || ||
B. Retailer → Distributor → Customer
|| || || || ||
C. Manufacturer → Retailer → Distributor
|| || || || ||
D. Supplier → Customer → Retailer - ✔✔A
|| || || || || || ||
Customer value is || ||
A. the sum of the supply chain surplus and supply chain cost.
|| || || || || || || || || || ||
,2
B. the remainder after supply chain cost is subtracted from supply chain surplus.
|| || || || || || || || || || || ||
C. the remainder after supply chain surplus is subtracted from supply chain cost.
|| || || || || || || || || || || ||
D. supply chain profitability minus the supply chain cost. - ✔✔A
|| || || || || || || || || ||
For any supply chain,
|| || ||
A. management rests solely in the
|| || || || ||
hands of the manufacturer.
|| || ||
B. management rests solely in the hands of the distributor.
|| || || || || || || || ||
C. if each member focuses on profitability, the overall supply chain profit will be maximized.
|| || || || || || || || || || || || || ||
D. there is only one source of revenue, the customer. - ✔✔D
|| || || || || || || || || || ||
Walmart's supply chain features clusters of stores around distribution centers, which
|| || || || || || || || || || ||
facilitates
A. high transportation costs.
|| || ||
B. frequent but inexpensive replenishment at the stores.
|| || || || || || ||
C.rapid design cycles from their R&D group.
|| || || || || ||
,2
D.sharing of information with suppliers. - ✔✔B
|| || || || || ||
A company would decide whether to outsource or perform a supply chain function in-house
|| || || || || || || || || || || || ||
during the
|| ||
A. planning phase.
|| ||
B. design phase.
|| ||
C. tactical phase.
|| ||
D. operation phase. - ✔✔B
|| || || ||
The profitability of a supply chain is impacted primarily by
|| || || || || || || || ||
A. the design, planning and operation categories of decisions.
|| || || || || || || ||
B. only the operation category of decisions.
|| || || || || ||
C. only the design and planning categories of decisions.
|| || || || || || || ||
D. only the planning and operation categories of decisions. - ✔✔A
|| || || || || || || || || ||
The cycle view of a supply chain holds that
|| || || || || || || ||
, 2
A. the processes in a supply chain are divided into 2 categories.
|| || || || || || || || || || ||
B. the processes in a supply chain are divided into a series of activities performed at the
|| || || || || || || || || || || || || || || || ||
interface between successive stages.
|| || ||
C. all processes in a supply chain are initiated in response to a customer order.
|| || || || || || || || || || || || || ||
D. all processes in a supply chain are performed in anticipation of customer orders. - ✔✔B
|| || || || || || || || || || || || || || ||
Customer order arrival refers to
|| || || ||
A. the point in time when the customer has access to choices and makes a decision
|| || || || || || || || || || || || || || || ||
regarding a purchase. || ||
B. the customer informing the retailer of what they want to purchase and the retailer
|| || || || || || || || || || || || || || ||
allocating product to the customer.
|| || || ||
C. the process where product is prepared and sent to the customer.
|| || || || || || || || || || ||
D. the process where the customer receives the product and takes ownership. - ✔✔A
|| || || || || || || || || || || || ||
The objective of customer order entry is to
|| || || || || || ||
A. get the correct orders to customers by the promised due date at the lowest possible
|| || || || || || || || || || || || || || || ||
cost.
B. maintain a record of product receipt and complete payment.
|| || || || || || || || ||
