SUPPLY CHAIN MANAGEMENT EXAM
STUDY QUESTIONS AND 100% CORRECT
ANSWERS!!
Define Capacity
The amount a firm can produce under certain conditions in order to keep up with the market
place while maintaining customer loyalty.
The ____ phase of the product life cycle is the culmination of an intense product design and
development effort.
LAUNCH
The phase in the product life cycle where customer data aids in the refinement of the
product is known as:
GROWTH
Which of the following factors is NOT a major change driver that supply chain managers
are concerned about?
Supply chain managers are concerned about all these changes (technology, regulatory, global
political).
Any enterprise-level scandal involving a violation of compliance, ethics, or corporate
responsibility standards is called:
CORPORATE INTEGRITY FAILURE
Operational Managers interact with 3 important groups external to the organization. They
are:
CUSTOMERS, SUPPLIERS, STAKEHOLDERS
What level of planning involves intermediate term decisions about capacity based on
demand?
TACTICAL PLANNING
, Kaizen events are which of the following?
ALL OF THE ABOVE (team focused, short duration, action oriented, repetitive).
Long term decisions which define an organization's objectives and capabilities is known as:
STRATEGIC PLANNING
High Quality Innovators typically gain which advantages?
They satisfy customers more effectively, building strong brand image and customer loyalty.
A supply chain is the global network of organizations and networks involved in:
a. ALL OF THESE:
i. Designing a set of goods and services and their related processes.
ii. Transforming inputs into goods and services.
iii. Consuming these goods and services.
iv. Disposing of these goods and services.
What is NOT true of lean systems?
Lean is universally applicable.
Total Acquisition Costs are calculated by:
ORDERING COST + CARRYING COST
Which of the following statements is true regarding product/process innovation?
a. ALL OF THESE:
i. Innovation projects are operation processes.
ii. Product and process development activities are usually closely linked.
iii. Product/process design is a part of the resource/technology supply chain.
One way to measure inventory turnover is unit sales/average inventory in units. What
other equations accurately measure inventory turnover?
1.) Cost of Goods Sold/Average Inventory @ Cost
2.) Net Sales/Average Inventory @ Sales Price
STUDY QUESTIONS AND 100% CORRECT
ANSWERS!!
Define Capacity
The amount a firm can produce under certain conditions in order to keep up with the market
place while maintaining customer loyalty.
The ____ phase of the product life cycle is the culmination of an intense product design and
development effort.
LAUNCH
The phase in the product life cycle where customer data aids in the refinement of the
product is known as:
GROWTH
Which of the following factors is NOT a major change driver that supply chain managers
are concerned about?
Supply chain managers are concerned about all these changes (technology, regulatory, global
political).
Any enterprise-level scandal involving a violation of compliance, ethics, or corporate
responsibility standards is called:
CORPORATE INTEGRITY FAILURE
Operational Managers interact with 3 important groups external to the organization. They
are:
CUSTOMERS, SUPPLIERS, STAKEHOLDERS
What level of planning involves intermediate term decisions about capacity based on
demand?
TACTICAL PLANNING
, Kaizen events are which of the following?
ALL OF THE ABOVE (team focused, short duration, action oriented, repetitive).
Long term decisions which define an organization's objectives and capabilities is known as:
STRATEGIC PLANNING
High Quality Innovators typically gain which advantages?
They satisfy customers more effectively, building strong brand image and customer loyalty.
A supply chain is the global network of organizations and networks involved in:
a. ALL OF THESE:
i. Designing a set of goods and services and their related processes.
ii. Transforming inputs into goods and services.
iii. Consuming these goods and services.
iv. Disposing of these goods and services.
What is NOT true of lean systems?
Lean is universally applicable.
Total Acquisition Costs are calculated by:
ORDERING COST + CARRYING COST
Which of the following statements is true regarding product/process innovation?
a. ALL OF THESE:
i. Innovation projects are operation processes.
ii. Product and process development activities are usually closely linked.
iii. Product/process design is a part of the resource/technology supply chain.
One way to measure inventory turnover is unit sales/average inventory in units. What
other equations accurately measure inventory turnover?
1.) Cost of Goods Sold/Average Inventory @ Cost
2.) Net Sales/Average Inventory @ Sales Price
