SCMN 2150 TEST 1 WITH VERIFIED QUESTIONS AND SOLUTIONS

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SCMN 2150 TEST 1 WITH VERIFIED QUESTIONS AND SOLUTIONS

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2024/2025

Institution SCMN 2150

Course SCMN 2150

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what iis iscm i- iCORRECT iANSWER-The i"art" iof imanaging ithe iflow iof imaterials iand iproducts, iinformation, iand ifinancial iresources ifrom isource ito iuser. Who's iinvolved iin ithe isupply ichain? i- iCORRECT iANSWER-suppliers, imanufacturers, idistributors, iretailers, iconsumers Who iis ithe imost iimportant iparticipant iin the isupply ichain? i- iCORRECT iANSWER-the iconsumer What idoes iSCM iinvolve? i- iCORRECT iANSWER-all ithe iactivities ithat itake iplace ito iget ia iproduct iin iyour ihands i- ifrom ithe itime iof iraw imaterials iextraction ito ithe iminute iyou ipull iout iyour icredit icard iand itake ithe ifinal iproduct ihome. three icompanys iwith igood isupply ichains i- iCORRECT iANSWER-amazon, inike, iwalmart Supply ichain imanagement iis iimportant ibecause i- iCORRECT iANSWER-...develop icollaborative, itrusting irelationships i...improve icustomer isatisfaction ...rationalize iproduct itouch ipoints ...drive iout icosts iand iachieve iefficiencies Why iis iSCM iimportant ito icustomers? i- iCORRECT iANSWER--Product iAvailability -Fulfillment iAccuracy Why iis iSCM iimportant ito icompanies? i- iCORRECT iANSWER-SCM ihelp icompanies ioutpace ithe icompetition iby imanaging itheir imaterials, product, iand iinformation iflows What ido ithese iCEOs ihave iin icommon? i- iCORRECT iANSWER-they iare iformer iscm iexecs node i- iCORRECT iANSWER-A ifixed ipoint iin ia isupply ichain iwhere ivalued iadded iprocesses itake iplace. iGoods iare iprocessed, itransformed, imixed, iheld, ior isold ihere link i- iCORRECT iANSWER-The itransportation imethod iused ito iconnect ithe inodes i(plants, iwarehouses, istores) iin ia isupply ichain. centralized i- iCORRECT iANSWER-National Lower iinvestment Lower ilevel iLower icost iHigher icost iEffective decentralized i- iCORRECT iANSWER-Regional Greater iinvestment Higher ilevel iHigher icost iLower icost iHighly ieffective network ifulfillment ioptions i- iCORRECT iANSWER-Direct idelivery, icross idock, iand idistribution icenter network idesign icharacteristics i- iCORRECT iANSWER-centralized ior idecentralized direct idelivery i- iCORRECT iANSWER-supplier ito istore, - ino iinventory iidled - iquicker idelivery - ilowest ihandling icosts cross idock i- iCORRECT iANSWER-cross idocks suppliers ito idock, idock ito itruck. ipreorganized - imoderate iinventory iheld iat istore - ilow ihandling icosts

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SCMN 2150 TEST 1 WITH VERIFIED
QUESTIONS AND SOLUTIONS
what iis iscm i- iCORRECT iANSWER-The i"art" iof imanaging ithe iflow iof imaterials iand iproducts,
iinformation, iand ifinancial iresources ifrom isource ito iuser.

Who's iinvolved iin ithe isupply ichain? i- iCORRECT iANSWER-suppliers, imanufacturers, idistributors,
iretailers, iconsumers

Who iis ithe imost iimportant iparticipant iin

the isupply ichain? i- iCORRECT iANSWER-the iconsumer

What idoes iSCM iinvolve? i- iCORRECT iANSWER-all ithe iactivities ithat itake iplace ito iget ia iproduct
iin iyour ihands i- ifrom ithe itime iof iraw imaterials iextraction ito ithe iminute iyou ipull iout iyour
icredit icard iand itake ithe ifinal iproduct ihome.

three icompanys iwith igood isupply ichains i- iCORRECT iANSWER-amazon, inike, iwalmart

Supply ichain imanagement iis iimportant ibecause i- iCORRECT iANSWER-...develop icollaborative,
itrusting irelationships i...improve icustomer isatisfaction

...rationalize iproduct itouch ipoints

...drive iout icosts iand iachieve iefficiencies

Why iis iSCM iimportant ito icustomers? i- iCORRECT iANSWER--Product iAvailability

-Fulfillment iAccuracy

Why iis iSCM iimportant ito icompanies? i- iCORRECT iANSWER-SCM ihelp icompanies ioutpace ithe
icompetition iby imanaging itheir imaterials,

product, iand iinformation iflows

, What ido ithese iCEOs ihave iin icommon? i- iCORRECT iANSWER-they iare iformer iscm iexecs

node i- iCORRECT iANSWER-A ifixed ipoint iin ia isupply ichain iwhere ivalued iadded iprocesses itake
iplace. iGoods iare iprocessed, itransformed, imixed, iheld, ior isold ihere

link i- iCORRECT iANSWER-The itransportation imethod iused ito iconnect ithe inodes i(plants,
iwarehouses, istores) iin ia isupply ichain.

centralized i- iCORRECT iANSWER-National

Lower iinvestment

Lower ilevel iLower icost iHigher icost iEffective

decentralized i- iCORRECT iANSWER-Regional

Greater iinvestment

Higher ilevel iHigher icost iLower icost iHighly ieffective

network ifulfillment ioptions i- iCORRECT iANSWER-Direct idelivery, icross idock, iand idistribution
icenter

network idesign icharacteristics i- iCORRECT iANSWER-centralized ior idecentralized

direct idelivery i- iCORRECT iANSWER-supplier ito istore,

- ino iinventory iidled

- iquicker idelivery

- ilowest ihandling icosts

cross idock i- iCORRECT iANSWER-cross idocks

suppliers ito idock, idock ito itruck. ipreorganized

- imoderate iinventory iheld iat istore

- ilow ihandling icosts

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Uploaded on: September 20, 2024
Number of pages: 12
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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SCMN 2150 TEST 1 WITH VERIFIED QUESTIONS AND SOLUTIONS

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