Questions With Correct Answers
According to the Module 1 readings, what benefit is achieved by supply chain integration?
A. reduced facility investment
B. greater demand planning accuracy
C. greater equipment utilization
D. rationalized product handling - correct answer -B. greater demand planning accuracy
According to the Module 1 readings, the process focuses on minimizing the number of items
that enter a backward flow due to defects, being out of date, or needing to be recycled.
A. deliver
B. return
C. make
D. plan - correct answer -B. return
What should drive activity across the supply chain?
A. manufacturing efficiency
B. executive strategy
C. customer demand
D. marketing prediction - correct answer -C. customer demand
Which supply chain process focuses on the transformation of inputs into outputs?
, A. supply management
B. production
C. logistics
D. post sales service - correct answer -B. production
Management includes all the activities that take place to get a product in your hands - from
raw materials extraction to production and final goods delivery.
A. logistics
B. supply
C. supply chain
D. operations - correct answer -C. supply chain
What are the three key flows of a supply chain? - correct answer -INFORMATION, PRODUCTS,
FINANCIALS
Create visibility, drive utility, release funds
7 Rights - correct answer -cost, consumer, condition, place, product, time, quantity
The 7 rights are part of the ... - correct answer -fulfillment accuracy
Why is scm important - correct answer -better, faster, cheaper
5 primary groups of Supply Chain - correct answer -Suppliers, manufacturers, distributors, retailers, and
consumers
Supply Chain Management - correct answer -- Organization, people, activity, info, resources
-plan, source, make, deliver, return