SCMT 2103 EXAM 4 QUESTIONS WITH
CORRECT ANSWERS
What are the three main types of performance measures? - Correct Answers -Margin
percentage, markup percentage, Inventory turnover
Define Cash to cash cycle - Correct Answers -measures time between initial investment
and cash collection
Cash to cash cycle formula - Correct Answers -days in inventory + days in receivables -
Days payable
What are appropriate traits of performance measures? - Correct Answers -Quantative,
Multidimensional, Encourages good behavior, Visible
Days of inventory formula - Correct Answers -(average inventory*365)/COGS
Days of receivables formula - Correct Answers -(accounts receivables/total
revenue)*365
Margin percentage formula - Correct Answers -profit/price
markup percentage formula - Correct Answers -(price-cost)/cost
What is the name of how many times stock of inventory is sold? - Correct Answers -
Inventory Turnover
Inventory turnover formula - Correct Answers -COGS/Avg Inventory
What are the process measure categories? - Correct Answers -Time, Quality, Cost,
Other/supporting
ROA formula - Correct Answers -profit/assets
What is required of information? - Correct Answers -Accurate, Accessible, Shareable,
Provide decision support
What are the 4 categories of SC software? - Correct Answers -planning, executing,
business intelligence, event management
, What category uses real time data for collaboration across departments, suppliers, and
customers? - Correct Answers -SC Planning
What category uses software to facilitate performance of day to day tasks to support
demand? - Correct Answers -SC Execution
What category collects data and converts it into information that helps monitor events as
they occur? - Correct Answers -Event Management
What category uses big data and data collection, and resolves logistic bottlenecks? -
Correct Answers -Business Intelligence
What are some facilitating tools? - Correct Answers -Enterprise resource planning
(ERP)
Supplier relationship management (SRM)
Customer relationship management (CRM)
Three steps to Technology Implementation Process - Correct Answers -Assess, Select
Software, mititgate implementation issues
what market is supply higher than demand? - Correct Answers -mature
What is the ability to operate to generate a level of profitability called? - Correct
Answers -internal efficiency
What is the ability to respond to uncertainty in product demand called? - Correct
Answers -demand flexibility
What is the ability to develop and deliver new products in a timely manner called? -
Correct Answers -product development
List some new software technologies - Correct Answers -blockchain tech, big data,
internet of things
List new warehouse technologies - Correct Answers -Amazon robots with QR codes on
floor, wrist scanner to free hands, inventory button to keep track when product is taken
List new transportation technologies - Correct Answers -Self driving trucks, delivery
drones, truck trains
define information - Correct Answers -connects extended supply chain, providing
insights regarding demand, customer orders, delivery status, inventory levels, and
production schedules
CORRECT ANSWERS
What are the three main types of performance measures? - Correct Answers -Margin
percentage, markup percentage, Inventory turnover
Define Cash to cash cycle - Correct Answers -measures time between initial investment
and cash collection
Cash to cash cycle formula - Correct Answers -days in inventory + days in receivables -
Days payable
What are appropriate traits of performance measures? - Correct Answers -Quantative,
Multidimensional, Encourages good behavior, Visible
Days of inventory formula - Correct Answers -(average inventory*365)/COGS
Days of receivables formula - Correct Answers -(accounts receivables/total
revenue)*365
Margin percentage formula - Correct Answers -profit/price
markup percentage formula - Correct Answers -(price-cost)/cost
What is the name of how many times stock of inventory is sold? - Correct Answers -
Inventory Turnover
Inventory turnover formula - Correct Answers -COGS/Avg Inventory
What are the process measure categories? - Correct Answers -Time, Quality, Cost,
Other/supporting
ROA formula - Correct Answers -profit/assets
What is required of information? - Correct Answers -Accurate, Accessible, Shareable,
Provide decision support
What are the 4 categories of SC software? - Correct Answers -planning, executing,
business intelligence, event management
, What category uses real time data for collaboration across departments, suppliers, and
customers? - Correct Answers -SC Planning
What category uses software to facilitate performance of day to day tasks to support
demand? - Correct Answers -SC Execution
What category collects data and converts it into information that helps monitor events as
they occur? - Correct Answers -Event Management
What category uses big data and data collection, and resolves logistic bottlenecks? -
Correct Answers -Business Intelligence
What are some facilitating tools? - Correct Answers -Enterprise resource planning
(ERP)
Supplier relationship management (SRM)
Customer relationship management (CRM)
Three steps to Technology Implementation Process - Correct Answers -Assess, Select
Software, mititgate implementation issues
what market is supply higher than demand? - Correct Answers -mature
What is the ability to operate to generate a level of profitability called? - Correct
Answers -internal efficiency
What is the ability to respond to uncertainty in product demand called? - Correct
Answers -demand flexibility
What is the ability to develop and deliver new products in a timely manner called? -
Correct Answers -product development
List some new software technologies - Correct Answers -blockchain tech, big data,
internet of things
List new warehouse technologies - Correct Answers -Amazon robots with QR codes on
floor, wrist scanner to free hands, inventory button to keep track when product is taken
List new transportation technologies - Correct Answers -Self driving trucks, delivery
drones, truck trains
define information - Correct Answers -connects extended supply chain, providing
insights regarding demand, customer orders, delivery status, inventory levels, and
production schedules
