SCMN 2150 UPDATED REVIEWS ALL SET
QUESTIONS AND ANSWERS SURE A+
✔✔If an end good has a one week production time and a customer requires the order to
be ready in Week 7, when should the key components (lead time = 3 weeks) be
ordered? - ✔✔week 3
✔✔Which of the following is the planned-order release using an MRP program if the
gross requirement is 5,000 and the inventory on hand is 1,200? - ✔✔3,800
✔✔Sales and Operations Planning (S&OP) - ✔✔the heart of balancing supply and
demand, and aligning the company around a common financial, demand and supply
plan. The overall result of the S&OP process is that a single operating plan is created
that identifies the allocation of company resources, including time, money and
employees.
✔✔What is the most tangible, basic flow in a supply chain? - ✔✔product flow
✔✔Supply chain management mainly focuses on the creation, movement, and storage
of products. However, it is also important to think about SCM strategy, people issues,
and information. T or F - ✔✔true
, ✔✔Which supply chain process focuses on the transformation of inputs into outputs? -
✔✔production
✔✔According to the first Episode 1 reading, what benefit will be created if a supply
chain reduces its inventory carrying costs? - ✔✔reduced variable costs
✔✔The primary benefit of a decentralized supply chain network is customer proximity
and the main drawback is a need for larger inventory safety stock. t or f - ✔✔true
✔✔How are nodes in a supply chain physically connected? - ✔✔by transportation links
✔✔What company's supply chain network is featured in the Industry in Action video
segment? - ✔✔noble group
✔✔A fixed point in a supply chain where goods are processed, mixed, held, or sold is
called a: - ✔✔node
✔✔According to this week's reading about Amazon, why did the company originally limit
its facilities to states like Arizona, Tennessee, Pennsylvania, Kentucky, and a few
others? - ✔✔avoid the need to charge sales tax to customers
✔✔Short term planning focuses on current supply chain issues. This involves planning
your immediate needs - scheduling people, sequencing production, and developing
delivery routes.t or f - ✔✔true
✔✔What makes supply chain planning difficult to do well? - ✔✔Cross-organizational
collaboration
✔✔The forward-looking process of coordinating assets to optimize the delivery of
goods, services and information from supplier to customer, balancing supply and
demand is called: - ✔✔supply chain planning
✔✔What is an appropriate approach for determining the overall production capabilities
of capital-intensive resources like machines and facilities? - ✔✔capacity planning
✔✔Which type of capacity planning strategy attempts to adjust capacity up and down to
match existing demand? - ✔✔proactive capacity planning
✔✔In terms of planning factory capacity, which type of capacity identifies what is truly
feasible from a production standpoint? - ✔✔effective capacity
✔✔What is the benefit of an effective forecasting process? - ✔✔Better matches supply
with demand
QUESTIONS AND ANSWERS SURE A+
✔✔If an end good has a one week production time and a customer requires the order to
be ready in Week 7, when should the key components (lead time = 3 weeks) be
ordered? - ✔✔week 3
✔✔Which of the following is the planned-order release using an MRP program if the
gross requirement is 5,000 and the inventory on hand is 1,200? - ✔✔3,800
✔✔Sales and Operations Planning (S&OP) - ✔✔the heart of balancing supply and
demand, and aligning the company around a common financial, demand and supply
plan. The overall result of the S&OP process is that a single operating plan is created
that identifies the allocation of company resources, including time, money and
employees.
✔✔What is the most tangible, basic flow in a supply chain? - ✔✔product flow
✔✔Supply chain management mainly focuses on the creation, movement, and storage
of products. However, it is also important to think about SCM strategy, people issues,
and information. T or F - ✔✔true
, ✔✔Which supply chain process focuses on the transformation of inputs into outputs? -
✔✔production
✔✔According to the first Episode 1 reading, what benefit will be created if a supply
chain reduces its inventory carrying costs? - ✔✔reduced variable costs
✔✔The primary benefit of a decentralized supply chain network is customer proximity
and the main drawback is a need for larger inventory safety stock. t or f - ✔✔true
✔✔How are nodes in a supply chain physically connected? - ✔✔by transportation links
✔✔What company's supply chain network is featured in the Industry in Action video
segment? - ✔✔noble group
✔✔A fixed point in a supply chain where goods are processed, mixed, held, or sold is
called a: - ✔✔node
✔✔According to this week's reading about Amazon, why did the company originally limit
its facilities to states like Arizona, Tennessee, Pennsylvania, Kentucky, and a few
others? - ✔✔avoid the need to charge sales tax to customers
✔✔Short term planning focuses on current supply chain issues. This involves planning
your immediate needs - scheduling people, sequencing production, and developing
delivery routes.t or f - ✔✔true
✔✔What makes supply chain planning difficult to do well? - ✔✔Cross-organizational
collaboration
✔✔The forward-looking process of coordinating assets to optimize the delivery of
goods, services and information from supplier to customer, balancing supply and
demand is called: - ✔✔supply chain planning
✔✔What is an appropriate approach for determining the overall production capabilities
of capital-intensive resources like machines and facilities? - ✔✔capacity planning
✔✔Which type of capacity planning strategy attempts to adjust capacity up and down to
match existing demand? - ✔✔proactive capacity planning
✔✔In terms of planning factory capacity, which type of capacity identifies what is truly
feasible from a production standpoint? - ✔✔effective capacity
✔✔What is the benefit of an effective forecasting process? - ✔✔Better matches supply
with demand
