SCMN 2150 Test 1 Questions with Detailed
Verified Answers
what is scm Ans: The "art" of managing the flow of materials and products,
information, and financial resources from source to user.
Who's involved in the supply chain? Ans: suppliers, manufacturers, distributors,
retailers, consumers
Who is the most important participant in
the supply chain? Ans: the consumer
What does SCM involve? Ans: all the activities that take place to get a product in your
hands - from the time of raw materials extraction to the minute you pull out your
credit card and take the final product home.
three companys with good supply chains Ans: amazon, nike, walmart
Supply chain management is important because Ans: ...develop collaborative, trusting
relationships ...improve customer satisfaction
...rationalize product touch points
...drive out costs and achieve efficiencies
Why is SCM important to customers? Ans: -Product Availability
-Fulfillment Accuracy
Why is SCM important to companies? Ans: SCM help companies outpace the
competition by managing their materials,
, product, and information flows
What do these CEOs have in common? Ans: they are former scm execs
node Ans: A fixed point in a supply chain where valued added processes take place.
Goods are processed, transformed, mixed, held, or sold here
link Ans: The transportation method used to connect the nodes (plants, warehouses,
stores) in a supply chain.
centralized Ans: National
Lower investment
Lower level Lower cost Higher cost Effective
decentralized Ans: Regional
Greater investment
Higher level Higher cost Lower cost Highly effective
network fulfillment options Ans: Direct delivery, cross dock, and distribution center
network design characteristics Ans: centralized or decentralized
direct delivery Ans: supplier to store,
- no inventory idled
- quicker delivery
© Get it right 2025 Getaway - Stuvia US All rights reserved
Verified Answers
what is scm Ans: The "art" of managing the flow of materials and products,
information, and financial resources from source to user.
Who's involved in the supply chain? Ans: suppliers, manufacturers, distributors,
retailers, consumers
Who is the most important participant in
the supply chain? Ans: the consumer
What does SCM involve? Ans: all the activities that take place to get a product in your
hands - from the time of raw materials extraction to the minute you pull out your
credit card and take the final product home.
three companys with good supply chains Ans: amazon, nike, walmart
Supply chain management is important because Ans: ...develop collaborative, trusting
relationships ...improve customer satisfaction
...rationalize product touch points
...drive out costs and achieve efficiencies
Why is SCM important to customers? Ans: -Product Availability
-Fulfillment Accuracy
Why is SCM important to companies? Ans: SCM help companies outpace the
competition by managing their materials,
, product, and information flows
What do these CEOs have in common? Ans: they are former scm execs
node Ans: A fixed point in a supply chain where valued added processes take place.
Goods are processed, transformed, mixed, held, or sold here
link Ans: The transportation method used to connect the nodes (plants, warehouses,
stores) in a supply chain.
centralized Ans: National
Lower investment
Lower level Lower cost Higher cost Effective
decentralized Ans: Regional
Greater investment
Higher level Higher cost Lower cost Highly effective
network fulfillment options Ans: Direct delivery, cross dock, and distribution center
network design characteristics Ans: centralized or decentralized
direct delivery Ans: supplier to store,
- no inventory idled
- quicker delivery
© Get it right 2025 Getaway - Stuvia US All rights reserved
