SCMN 2150 NEW EXAM WITH 100% VERIFIED ANSWERS
Who is the most important participant in the supply chain? - ANSWER the consumer
How many primary groups are in the supply chain? - ANSWER 5
-suppliers
-manufacturers
-distributers
-retailers
-consumers
In reality, what does a supply chain look like? - ANSWER a spiderweb
Supply Chain Management helps companies outpace the competition by managing their
materials, product, and information flows in order to be: - ANSWER Better
Faster
Cheaper
Which utility allows companies to have products in locations where customer demand
will occur? - ANSWER Place Utility
According to the second Episode 1 reading, the Gartner Top 25 ratings are based on six
criteria. Which of these is NOT one of those criteria? - ANSWER Total supply chain
cost
It is not always the case that the customer is king. You have to balance supply chain
service versus profitability, saving your best capabilities for your most profitable
customers. - ANSWER True
,All supply chains are constructed in a similar fashion with the same number and types of
participants. - ANSWER False
In what type of product flow option do the products move between facilities through an
interim facility where goods are quickly sorted, mixed, and moved immediately to the
customer? - ANSWER Cross-dock
This week's reading about facility location discussed what types of products should be
produced near the final markets because of weight-gaining in the production process.
What are they? - ANSWER Soft drinks
Distribution centers offer what advantage that is not easily available with cross-docking
or direct delivery? - ANSWER Safety stocks to handle sudden spikes in customer
demand
As the number of distribution facilities in your network are reduced and become highly
centralized, what happens to your costs? - ANSWER Outbound delivery costs to
customers increase because of greater distance to customers
What is the biggest advantage of direct shipping strategy? - ANSWER It reduces
delivery time
What product flow option best fits the newspaper? - ANSWER Direct Delivery
What product flow option best fits Puppy Chow dog food? - ANSWER Distribution
Center
What product flow option best fits perishable chicken? - ANSWER Cross-Dock
What product flow option best fits tents that are rented for Auburn football
games?tailgating? - ANSWER Distribution Center
,What is SCM? - ANSWER the art of managing the flow of materials and products,
information, and financial resources from source to user.
7 Rights of SCM - ANSWER 1. product
2. quantity
3. customer
4. time
5. place
6. condition
7. cost
What is a supply chain? - ANSWER an integrated collection of organizations, people,
activities, information, and resources.
Goals of a supply chain? - ANSWER -customer care
-competitiveness
-efficiency
-responsiveness
-resiliency
Better, faster, and cheaper
Key supply chain concepts - ANSWER essential activities
key participants
back and forth flows
integrated processes
, SCM focuses on: - ANSWER essential activities:
-planning and forecasting (what will we build, buy, and sell?)
-procurement (how will we buy or make it?)
-operations management and production (inputs to outputs)
-logistics and transportation (moving the goods)
Consumer demand should drive activity across the supply chain. - ANSWER True
The three flows of SCM - ANSWER back and forth flows:
-product/deliver the product
-information/share the information
-money/financial resources/show me the money
Flow of supply chain that creates visibilty - ANSWER share the information
Flow of a supply chain that drives utility - ANSWER deliver the product
Flow of a supply chain that releases funds - ANSWER show me the money
Supply chain management involves strategy and key processes. These interrelated
components include: - ANSWER key processes:
-plan (how much? when and where will we make & deliver?)
-buy (what to buy?)
Who is the most important participant in the supply chain? - ANSWER the consumer
How many primary groups are in the supply chain? - ANSWER 5
-suppliers
-manufacturers
-distributers
-retailers
-consumers
In reality, what does a supply chain look like? - ANSWER a spiderweb
Supply Chain Management helps companies outpace the competition by managing their
materials, product, and information flows in order to be: - ANSWER Better
Faster
Cheaper
Which utility allows companies to have products in locations where customer demand
will occur? - ANSWER Place Utility
According to the second Episode 1 reading, the Gartner Top 25 ratings are based on six
criteria. Which of these is NOT one of those criteria? - ANSWER Total supply chain
cost
It is not always the case that the customer is king. You have to balance supply chain
service versus profitability, saving your best capabilities for your most profitable
customers. - ANSWER True
,All supply chains are constructed in a similar fashion with the same number and types of
participants. - ANSWER False
In what type of product flow option do the products move between facilities through an
interim facility where goods are quickly sorted, mixed, and moved immediately to the
customer? - ANSWER Cross-dock
This week's reading about facility location discussed what types of products should be
produced near the final markets because of weight-gaining in the production process.
What are they? - ANSWER Soft drinks
Distribution centers offer what advantage that is not easily available with cross-docking
or direct delivery? - ANSWER Safety stocks to handle sudden spikes in customer
demand
As the number of distribution facilities in your network are reduced and become highly
centralized, what happens to your costs? - ANSWER Outbound delivery costs to
customers increase because of greater distance to customers
What is the biggest advantage of direct shipping strategy? - ANSWER It reduces
delivery time
What product flow option best fits the newspaper? - ANSWER Direct Delivery
What product flow option best fits Puppy Chow dog food? - ANSWER Distribution
Center
What product flow option best fits perishable chicken? - ANSWER Cross-Dock
What product flow option best fits tents that are rented for Auburn football
games?tailgating? - ANSWER Distribution Center
,What is SCM? - ANSWER the art of managing the flow of materials and products,
information, and financial resources from source to user.
7 Rights of SCM - ANSWER 1. product
2. quantity
3. customer
4. time
5. place
6. condition
7. cost
What is a supply chain? - ANSWER an integrated collection of organizations, people,
activities, information, and resources.
Goals of a supply chain? - ANSWER -customer care
-competitiveness
-efficiency
-responsiveness
-resiliency
Better, faster, and cheaper
Key supply chain concepts - ANSWER essential activities
key participants
back and forth flows
integrated processes
, SCM focuses on: - ANSWER essential activities:
-planning and forecasting (what will we build, buy, and sell?)
-procurement (how will we buy or make it?)
-operations management and production (inputs to outputs)
-logistics and transportation (moving the goods)
Consumer demand should drive activity across the supply chain. - ANSWER True
The three flows of SCM - ANSWER back and forth flows:
-product/deliver the product
-information/share the information
-money/financial resources/show me the money
Flow of supply chain that creates visibilty - ANSWER share the information
Flow of a supply chain that drives utility - ANSWER deliver the product
Flow of a supply chain that releases funds - ANSWER show me the money
Supply chain management involves strategy and key processes. These interrelated
components include: - ANSWER key processes:
-plan (how much? when and where will we make & deliver?)
-buy (what to buy?)
