FINAL EXAM OMGT QUESTIONS AND
ANSWERS
Chief objective of supply chain - Correct Answers -to achieve sustainable competition
advantage in the market by providing value to the customer
SCOR-DS - Correct Answers -- The Supply Chain Operations Reference-Digital
Standard Model, does not identify activities from upstream and downstream
Flexibility - Correct Answers -Reconfiguring systems rapidly to manage change.
3 parts of supply chain - Correct Answers -- sourcing
-operations
-logistics
Who developed the value chain model - Correct Answers -Michael porter
Benefits of flexible supply chain management - Correct Answers --include protection
against threats, ability to adapt quickly, and simplification of processes.
Business process is a structured set of activities designed to produce a specific output -
Correct Answers -true
Business process management consist of the following steps except.... - Correct
Answers -bottleneck identification
A Pareto Diagram is primarily used for - Correct Answers -arranging defect number and
types to help prioritize improvements
Supply chain and logistics strategy is one of the functional strategies developed by a
firm outlining the plan of action to get goods and services to customers, as effectively
and efficiently as possible. - Correct Answers -True
While logistics is a part of the supply chain strategy, it does not seek enhancing value
creation to customers. - Correct Answers -False
Which of the following is NOT a benefit of using business process management -
Correct Answers -increased value-added time
Productivity is expressed as____________ - Correct Answers -output divided by input
ANSWERS
Chief objective of supply chain - Correct Answers -to achieve sustainable competition
advantage in the market by providing value to the customer
SCOR-DS - Correct Answers -- The Supply Chain Operations Reference-Digital
Standard Model, does not identify activities from upstream and downstream
Flexibility - Correct Answers -Reconfiguring systems rapidly to manage change.
3 parts of supply chain - Correct Answers -- sourcing
-operations
-logistics
Who developed the value chain model - Correct Answers -Michael porter
Benefits of flexible supply chain management - Correct Answers --include protection
against threats, ability to adapt quickly, and simplification of processes.
Business process is a structured set of activities designed to produce a specific output -
Correct Answers -true
Business process management consist of the following steps except.... - Correct
Answers -bottleneck identification
A Pareto Diagram is primarily used for - Correct Answers -arranging defect number and
types to help prioritize improvements
Supply chain and logistics strategy is one of the functional strategies developed by a
firm outlining the plan of action to get goods and services to customers, as effectively
and efficiently as possible. - Correct Answers -True
While logistics is a part of the supply chain strategy, it does not seek enhancing value
creation to customers. - Correct Answers -False
Which of the following is NOT a benefit of using business process management -
Correct Answers -increased value-added time
Productivity is expressed as____________ - Correct Answers -output divided by input
