BUAD 331 EXAM 1 UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
Question:
1. supply chain management refers to
Answer:
the management of up and downstream relationships with supplies and customers
to deliver superior customer value at less cost to the supply chain as a whole
Question:
2. which company refers to itself as a "technology company
merged with a supply chain"?
Answer:
Amazon
Question:
3. How does supply chain management create value?
Answer:
form, time, place, exchange
Question:
4. the "Great Divide" in supply chain management occurs
between
Answer:
demand-generating activities and demand-fulfilling activities
Question:
5. which emerging megatrends will greatly challenge
supply chain managers?
Answer:
disruptive technology
talent requirements
social changes
Question:
6. what is the main problem with the traditional order
process?
Answer:
activities are sequential and thrown "over the wall" to the downstream functional
area
, Question:
7. supply chain management refers to a relatively new
business phenomenon of
Answer:
the management of upstream and downstream relationships with suppliers and
customers to deliver superior customer value at less cost to the supply chain as a
whole
Question:
8. what part of the supply chain operations reference
(SCOR) model involves turning the raw material into a
finished product?
Answer:
make
Question:
9. in the relation to the overall supply chain, __________ place a
priority on cost savings while __________ place a priority on
doing whatever is necessary to deliver form, time, and
place as promised on a specific order
Answer:
upstream operations, downstream operations
Question:
10. what negative outcomes can result from large lot-sized,
long lead-time operations?
Answer:
- customers don't want the items
- the items are in places and at times costumers don't want them
- unsold products are sold at reduced prices or scrapped altogether
Question:
11. __________ the chain facilitates better strategic alignment
between supply chain operations
Answer:
bending
Question:
12. what did Caterpillar do in 2013 that led to a better
integration of its supply chain functions?
Answer:
formed an integrated supply chain group to manage its supply chain
AND CORRECT ANSWERS
Question:
1. supply chain management refers to
Answer:
the management of up and downstream relationships with supplies and customers
to deliver superior customer value at less cost to the supply chain as a whole
Question:
2. which company refers to itself as a "technology company
merged with a supply chain"?
Answer:
Amazon
Question:
3. How does supply chain management create value?
Answer:
form, time, place, exchange
Question:
4. the "Great Divide" in supply chain management occurs
between
Answer:
demand-generating activities and demand-fulfilling activities
Question:
5. which emerging megatrends will greatly challenge
supply chain managers?
Answer:
disruptive technology
talent requirements
social changes
Question:
6. what is the main problem with the traditional order
process?
Answer:
activities are sequential and thrown "over the wall" to the downstream functional
area
, Question:
7. supply chain management refers to a relatively new
business phenomenon of
Answer:
the management of upstream and downstream relationships with suppliers and
customers to deliver superior customer value at less cost to the supply chain as a
whole
Question:
8. what part of the supply chain operations reference
(SCOR) model involves turning the raw material into a
finished product?
Answer:
make
Question:
9. in the relation to the overall supply chain, __________ place a
priority on cost savings while __________ place a priority on
doing whatever is necessary to deliver form, time, and
place as promised on a specific order
Answer:
upstream operations, downstream operations
Question:
10. what negative outcomes can result from large lot-sized,
long lead-time operations?
Answer:
- customers don't want the items
- the items are in places and at times costumers don't want them
- unsold products are sold at reduced prices or scrapped altogether
Question:
11. __________ the chain facilitates better strategic alignment
between supply chain operations
Answer:
bending
Question:
12. what did Caterpillar do in 2013 that led to a better
integration of its supply chain functions?
Answer:
formed an integrated supply chain group to manage its supply chain
