SCMN 2150 EXAM 1, SCMN 2150 EXAM 2 AND SCMN 2150 EXAM 3
WITH COMPLETE SOLUTIONS 100% VERIFIED
SCMN 2150 Exam 1, SCMN 2150 Exam 2 and SCMN 2150 Exam 3
SCMN 2150 Exam 1
What is a supply chain? - ANSWER a collection of organizations, people, activities,
information, and resources
who is involved in the supply chain? - ANSWER customers, retailers, manufacturers,
and suppliers
what is supply chain management? - ANSWER All the activities that take place to get
a product in your hands from the time of raw materials to final product
Why is SCM important to companies? - ANSWER SCM helps companies outpace the
competition (better, faster, cheaper)
essential activities in a supply chain - ANSWER - planning and forecasting
- supply management and procurement
- operations management and production
- logistics and transportation
Why is SCM important to customers? - ANSWER -Product Availability
-Fulfillment Accuracy
who is the most important participant in the supply chain? - ANSWER customers
,what companies have the best supply chains? - ANSWER 1. schneider electric
2. cisco
3. colgate-palmolive
4. johnson and johnson
5. pepsi
what are the 3 key flows of a supply chain? - ANSWER product, deliver information,
share financial resources, release funds
ultimate goal of supply chains - ANSWER get products to market BETTER, FASTER,
CHEAPER
logistics network - ANSWER The entities that are involved in moving physical
inventory from the source to the retail store
node - ANSWER fixed point in supply chain where processes take place
link - ANSWER Transportation systems used to connect nodes
network design - ANSWER where to locate facilities and what role will they play
7 keys to facility location - ANSWER land, labor, capital, sources of supply,
production, markets, logistics
centralized design - ANSWER activities concentrated at a single node, network is
designed around it
decentralized design - ANSWER multiple nodes make up the network
, benefits of centralized - ANSWER lower inventory, less labor, better visibility, smaller
team
centralized challenges - ANSWER higher delivery costs, potential inefficiencies/issues
with regional customers
benefits of decentralized - ANSWER proximity to customer, lower delivery costs,
responsive to demand
challenges of decentralized - ANSWER more safety stock, higher overhead costs,
bigger team
which has a higher cost for inbound transportation - ANSWER decentralized
which is national and which is regional - ANSWER national: centralized
regional: decentralized
which has a more efficient service level - ANSWER decentralized
which has higher variable costs? - ANSWER centralized
which has higher fixed costs? - ANSWER decentralized
Network fulfillment options - ANSWER Direct delivery, cross dock, and distribution
center
direct delivery - ANSWER Point-to-point service (manufacturer to customer)
cross docking - ANSWER product mixing service
WITH COMPLETE SOLUTIONS 100% VERIFIED
SCMN 2150 Exam 1, SCMN 2150 Exam 2 and SCMN 2150 Exam 3
SCMN 2150 Exam 1
What is a supply chain? - ANSWER a collection of organizations, people, activities,
information, and resources
who is involved in the supply chain? - ANSWER customers, retailers, manufacturers,
and suppliers
what is supply chain management? - ANSWER All the activities that take place to get
a product in your hands from the time of raw materials to final product
Why is SCM important to companies? - ANSWER SCM helps companies outpace the
competition (better, faster, cheaper)
essential activities in a supply chain - ANSWER - planning and forecasting
- supply management and procurement
- operations management and production
- logistics and transportation
Why is SCM important to customers? - ANSWER -Product Availability
-Fulfillment Accuracy
who is the most important participant in the supply chain? - ANSWER customers
,what companies have the best supply chains? - ANSWER 1. schneider electric
2. cisco
3. colgate-palmolive
4. johnson and johnson
5. pepsi
what are the 3 key flows of a supply chain? - ANSWER product, deliver information,
share financial resources, release funds
ultimate goal of supply chains - ANSWER get products to market BETTER, FASTER,
CHEAPER
logistics network - ANSWER The entities that are involved in moving physical
inventory from the source to the retail store
node - ANSWER fixed point in supply chain where processes take place
link - ANSWER Transportation systems used to connect nodes
network design - ANSWER where to locate facilities and what role will they play
7 keys to facility location - ANSWER land, labor, capital, sources of supply,
production, markets, logistics
centralized design - ANSWER activities concentrated at a single node, network is
designed around it
decentralized design - ANSWER multiple nodes make up the network
, benefits of centralized - ANSWER lower inventory, less labor, better visibility, smaller
team
centralized challenges - ANSWER higher delivery costs, potential inefficiencies/issues
with regional customers
benefits of decentralized - ANSWER proximity to customer, lower delivery costs,
responsive to demand
challenges of decentralized - ANSWER more safety stock, higher overhead costs,
bigger team
which has a higher cost for inbound transportation - ANSWER decentralized
which is national and which is regional - ANSWER national: centralized
regional: decentralized
which has a more efficient service level - ANSWER decentralized
which has higher variable costs? - ANSWER centralized
which has higher fixed costs? - ANSWER decentralized
Network fulfillment options - ANSWER Direct delivery, cross dock, and distribution
center
direct delivery - ANSWER Point-to-point service (manufacturer to customer)
cross docking - ANSWER product mixing service
