BUAD 331 Exam 1 Questions With Complete Solutions

Supply chain management refers to: correct answer: the management of up and downstream relationship with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole Which of the following company refers to itself as a "technology company merged with a supply chain?" correct answer: Amazon How does SCM create value? correct answer: Form, time, place and exchange The "Great Divide" in SCM occurs between: correct answer: demand-generating activities and demand-fulfilling activities What megatrend(s) will greatly change SC managers? correct answer: Disruptive technology, talent/skills requirement, and social changes What is main problem with the traditional order process, as depicted in this picture? correct answer: Actions are sequential and thrown "over the wall" do the downstream functional area SCM refers to the relatively new business phenomenon of correct 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 What part of the supply chain operations reference (SCOR) model involves turning the raw material into a finished product? correct answer: Make