SUPPLY CHAIN MANAGEMENT EXAM 3
QUESTIONS AND 100% CORRECT
ANSWERS!!
Supply Chain
the sequence of organizations- their facilities, functions, and activities that are involved in
producing and delivering a product or service
Facilities
the sequence of the supply chain begins with basic suppliers and extends all the way to the final
customer
What are some examples of facilities?
warehouses, factories, processing centers, distribution centers, retail outlets, and offices
What are some supply chain functions and activities?
forecasting, purchasing, inventory management, information management, quality assurance,
scheduling, production and delivery, and customer service
Supply Chain Management
the strategic coordination of business functions within a business organization and throughout its
supply chain for the purpose of integrating supply and demand management
Supply Chain Management Managers
people at various levels of the organization who are responsible for managing supply and
demand both within and across business organizations
What are some examples that SCM Mangers are involved with?
sourcing and procurement of materials and services, transformation activities, and logistics
What are some key SCM issues?
, determining appropriate levels of outsourcing, management procurement, managing suppliers,
managing customer relationships, being able to quickly identify problems and respond to them,
and managing risk
What are some trends in SCM?
measuring supply chain ROI, greening the supply chain, re-evaluating outsourcing, integrating
IT, managing risks, and adopting lean principles
Global Supply Chains
some manufacturing and service activities are outsourced to countries where labor and/or
material costs are lower
Complexities to Global Supply Chains
language and cultural differences, currency fluctuations, political instability, increasing
transportation costs and lead times, increased need for trust amongst supply chain partners
What are some aspect of management responsibilities?
legal, economic, and ethical
Legal
being knowledgeable about laws and regulations of the countries where supply chains exist
Economic
supplying products and services to meet demand as efficiently as possible
Ethical
conducting business in ways that are consistent with the moral standards of society
Management Responsibility: Strategic
certain strategic responsibilities have a major impact on the success of both supply chain
management and the business itself
Management Responsibility: Strategic Examples
QUESTIONS AND 100% CORRECT
ANSWERS!!
Supply Chain
the sequence of organizations- their facilities, functions, and activities that are involved in
producing and delivering a product or service
Facilities
the sequence of the supply chain begins with basic suppliers and extends all the way to the final
customer
What are some examples of facilities?
warehouses, factories, processing centers, distribution centers, retail outlets, and offices
What are some supply chain functions and activities?
forecasting, purchasing, inventory management, information management, quality assurance,
scheduling, production and delivery, and customer service
Supply Chain Management
the strategic coordination of business functions within a business organization and throughout its
supply chain for the purpose of integrating supply and demand management
Supply Chain Management Managers
people at various levels of the organization who are responsible for managing supply and
demand both within and across business organizations
What are some examples that SCM Mangers are involved with?
sourcing and procurement of materials and services, transformation activities, and logistics
What are some key SCM issues?
, determining appropriate levels of outsourcing, management procurement, managing suppliers,
managing customer relationships, being able to quickly identify problems and respond to them,
and managing risk
What are some trends in SCM?
measuring supply chain ROI, greening the supply chain, re-evaluating outsourcing, integrating
IT, managing risks, and adopting lean principles
Global Supply Chains
some manufacturing and service activities are outsourced to countries where labor and/or
material costs are lower
Complexities to Global Supply Chains
language and cultural differences, currency fluctuations, political instability, increasing
transportation costs and lead times, increased need for trust amongst supply chain partners
What are some aspect of management responsibilities?
legal, economic, and ethical
Legal
being knowledgeable about laws and regulations of the countries where supply chains exist
Economic
supplying products and services to meet demand as efficiently as possible
Ethical
conducting business in ways that are consistent with the moral standards of society
Management Responsibility: Strategic
certain strategic responsibilities have a major impact on the success of both supply chain
management and the business itself
Management Responsibility: Strategic Examples
