GSCM 201 Midterm Exam Questions With
Correct Answers
Supply Chain management - CORRECT ANSWER✔✔-cooperation
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between different firms to create value for customers
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Operations management - CORRECT ANSWER✔✔-the administration of
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transformation process that create value for customers by meeting their
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needs or enabling them to meet their own needs
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Supply Chain and Operations - CORRECT ANSWER✔✔-Is the planning,
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sourcing, making and returning of products
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Process design - CORRECT ANSWER✔✔-consists of configuring inputs
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and resources in a way that provides value, enhances quality, and is
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productive
Process management - CORRECT ANSWER✔✔-The act of executing and
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controlling the productive functions of a firm
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, Process control - CORRECT ANSWER✔✔-the act of monitoring a process
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|for its efficacy, a process that includes dimensions such as cost,
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timeliness, or quality | |
Process improvement - CORRECT ANSWER✔✔-A proactive effort to
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enhance process performance. Often, managers employ this in
| | | | | | | |
response to customer needs or competitive pressures
| | | | | |
Outsourcing - CORRECT ANSWER✔✔-Moving production to another
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firm
Nearsourcing - CORRECT ANSWER✔✔-Moving production | | | | |
geographically closer to where products are sold | | | | | |
Sustainability - CORRECT ANSWER✔✔-the ability to be maintained at a
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certain rate or level. A sustainable supply chain is one that uses
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resources, both material and interpersonal, in an efficient and effective
| | | | | | | | | |
way that lead to future growth and opportunity
| | | | | | |
Primary flows of supply chain - CORRECT ANSWER✔✔-product flows,
| | | | | | | | |
monetary flows, and information flows
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Product flows - CORRECT ANSWER✔✔-(Usually) Downstream
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Correct Answers
Supply Chain management - CORRECT ANSWER✔✔-cooperation
| | | | | |
between different firms to create value for customers
| | | | | | |
Operations management - CORRECT ANSWER✔✔-the administration of
| | | | | | |
transformation process that create value for customers by meeting their
| | | | | | | | |
needs or enabling them to meet their own needs
| | | | | | | | |
Supply Chain and Operations - CORRECT ANSWER✔✔-Is the planning,
| | | | | | | | |
sourcing, making and returning of products
| | | | |
Process design - CORRECT ANSWER✔✔-consists of configuring inputs
| | | | | | | |
and resources in a way that provides value, enhances quality, and is
| | | | | | | | | | | |
productive
Process management - CORRECT ANSWER✔✔-The act of executing and
| | | | | | | | |
controlling the productive functions of a firm
| | | | | |
, Process control - CORRECT ANSWER✔✔-the act of monitoring a process
| | | | | | | | |
|for its efficacy, a process that includes dimensions such as cost,
| | | | | | | | | | |
timeliness, or quality | |
Process improvement - CORRECT ANSWER✔✔-A proactive effort to
| | | | | | | |
enhance process performance. Often, managers employ this in
| | | | | | | |
response to customer needs or competitive pressures
| | | | | |
Outsourcing - CORRECT ANSWER✔✔-Moving production to another
| | | | | | |
firm
Nearsourcing - CORRECT ANSWER✔✔-Moving production | | | | |
geographically closer to where products are sold | | | | | |
Sustainability - CORRECT ANSWER✔✔-the ability to be maintained at a
| | | | | | | | | |
certain rate or level. A sustainable supply chain is one that uses
| | | | | | | | | | | |
resources, both material and interpersonal, in an efficient and effective
| | | | | | | | | |
way that lead to future growth and opportunity
| | | | | | |
Primary flows of supply chain - CORRECT ANSWER✔✔-product flows,
| | | | | | | | |
monetary flows, and information flows
| | | |
Product flows - CORRECT ANSWER✔✔-(Usually) Downstream
| | | | |
