UTK BUAD 331 Questions and Answers 2024

Supply chain management refers to: - the management of up and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole. Which of the following companies refers to itself as a "technology company merged with a supply chain"? - Amazon How does supply chain management create value? - Form, time, place, exchange The "Great Divide" in supply chain management occurs between: - demand-generating activities and demand-fulfilling activities What megatrend will greatly challenge supply chain managers? - -Disruptive technology -Talent/skills requirements -Social changes ____________ the chain facilitates better strategic alignment between supply chain operations. - Bending What did Caterpillar do in 2013 that led to a better integration of its supply chain functions? - Formed an integrated supply chain group to manage it's supply chain Which of the following would be a metric for a senior level supply chain manager? - Cash-to-cash cycle What is a company's optimal service level? - The point where the cost and revenue curves are farthest apart Should all customers receive the same level of customer service? - No Which one of the types of planning was not introduced in this module? - Date Planning Planning processes heavily utilized IT systems, but a planner is still vital to ensure a high quality plan. - True Which planning approach was discussed in this module? - Exception based Supply chain measurements are often called all of the below except: - Critical points Supply chain measurement is important for all the reasons below except: - To build the income statement