SCM 545 Final Exam Study Set 100% Pass
Supply chain management can best be described by _____ - ANSWER the management
of upstream and downstream relationships with suppliers and customers to deliver
superior customer value at less cost to the supply chain as a whole.
Which of the following companies refers to itself as a "technology company merged with
a supply chain"? - ANSWER Amazon
How does supply chain management create value? - ANSWER form, time, place,
exchange
The "Great Divide" in supply chain management occurs between _______ - ANSWER
demand-generating activities and demand-fulfilling activities.
What megatrend will greatly challenge supply chain managers? (Select all that apply.) -
ANSWER 1) Disruptive technology 2) Increasing gaps in talents and skills 3) Geopolitical
and social changes
What is the ideal situation for companies as they seek to create a competitive advantage
through SCM? - ANSWER productivity and value leader
Why has supply chain management recently received more recognition? - ANSWER 1)
Better recognition of how supply chain creates value for a company
2)Evolution of the concept of integrated supply chain management
3)Increasing name recognition by the media and the general public
All of the above
Supply chains are primarily about cost reduction activities. - ANSWER False
It is natural within organizations for functions to cooperate for the good of the overall
organization. - ANSWER False
What part of the Supply Chain Operations Reference (SCOR) model involves purchasing
materials or services? - ANSWER Source
What can arise from supply chains that produce large batch sizes with weeks or months
before the customer wants the products? - ANSWER 1) Customers don't want the items.
2) The items are in places and at times customers don't want them.
3) Unsold products are sold at reduced prices or scrapped altogether.
All are correct
, The concept of bending the chain refers to _____ - ANSWER collaborating across
sourcing, manufacturing, and delivery to achieve overall goals.
Which of the following would be an appropriate metric for a senior-level supply chain
executive who is managing an integrated supply chain? - ANSWER cash-to-cash cycle
Which functional organization would typically adopt the key metric of the lowest unit
cost of production? - ANSWER manufacturing
Should all customers receive the same level of customer service? - ANSWER No
Which of the choices below is not one of the three broad types of customer
classifications that can be used to help a company properly segment its supply chain? -
ANSWER Value
Which of the choices below is not one of the ways that companies can use to foster an
integrated approach to supply chain management? - ANSWER finance-driven
organization
Issues of dis-integration happen both within the supply chain and in its relationship with
other business functions. - ANSWER True
The supply chain value proposition framework represents the interactions among which
of the following? - ANSWER revenues, costs, and assets
What has been the traditional top priority of supply chain organizations in most
companies? - ANSWER cutting costs
Which of these is an example of a "tax haven"? - ANSWER a country or jurisdiction with
very low corporate taxes
Which of these actions will most directly lead to more cash on hand for an organization?
- ANSWER Reduce time for collection of accounts receivable
How can a supply chain positively affect the finances of a business? - ANSWER 1)
Increase revenue by providing better service
2) Redesign the network to better utilize company assets
3) Lower operational costs
All are correct
Which measurement would likely rise if the supply chain team secured a supplier that
provided a new, popular technology to include in the company's product? - ANSWER
revenue
Which measurement would likely rise if the supply chain team was able to partner with a
logistics provider to use the company-owned trucks and distribution center for more
hours per week? - ANSWER asset utilization
Supply chain management can best be described by _____ - ANSWER the management
of upstream and downstream relationships with suppliers and customers to deliver
superior customer value at less cost to the supply chain as a whole.
Which of the following companies refers to itself as a "technology company merged with
a supply chain"? - ANSWER Amazon
How does supply chain management create value? - ANSWER form, time, place,
exchange
The "Great Divide" in supply chain management occurs between _______ - ANSWER
demand-generating activities and demand-fulfilling activities.
What megatrend will greatly challenge supply chain managers? (Select all that apply.) -
ANSWER 1) Disruptive technology 2) Increasing gaps in talents and skills 3) Geopolitical
and social changes
What is the ideal situation for companies as they seek to create a competitive advantage
through SCM? - ANSWER productivity and value leader
Why has supply chain management recently received more recognition? - ANSWER 1)
Better recognition of how supply chain creates value for a company
2)Evolution of the concept of integrated supply chain management
3)Increasing name recognition by the media and the general public
All of the above
Supply chains are primarily about cost reduction activities. - ANSWER False
It is natural within organizations for functions to cooperate for the good of the overall
organization. - ANSWER False
What part of the Supply Chain Operations Reference (SCOR) model involves purchasing
materials or services? - ANSWER Source
What can arise from supply chains that produce large batch sizes with weeks or months
before the customer wants the products? - ANSWER 1) Customers don't want the items.
2) The items are in places and at times customers don't want them.
3) Unsold products are sold at reduced prices or scrapped altogether.
All are correct
, The concept of bending the chain refers to _____ - ANSWER collaborating across
sourcing, manufacturing, and delivery to achieve overall goals.
Which of the following would be an appropriate metric for a senior-level supply chain
executive who is managing an integrated supply chain? - ANSWER cash-to-cash cycle
Which functional organization would typically adopt the key metric of the lowest unit
cost of production? - ANSWER manufacturing
Should all customers receive the same level of customer service? - ANSWER No
Which of the choices below is not one of the three broad types of customer
classifications that can be used to help a company properly segment its supply chain? -
ANSWER Value
Which of the choices below is not one of the ways that companies can use to foster an
integrated approach to supply chain management? - ANSWER finance-driven
organization
Issues of dis-integration happen both within the supply chain and in its relationship with
other business functions. - ANSWER True
The supply chain value proposition framework represents the interactions among which
of the following? - ANSWER revenues, costs, and assets
What has been the traditional top priority of supply chain organizations in most
companies? - ANSWER cutting costs
Which of these is an example of a "tax haven"? - ANSWER a country or jurisdiction with
very low corporate taxes
Which of these actions will most directly lead to more cash on hand for an organization?
- ANSWER Reduce time for collection of accounts receivable
How can a supply chain positively affect the finances of a business? - ANSWER 1)
Increase revenue by providing better service
2) Redesign the network to better utilize company assets
3) Lower operational costs
All are correct
Which measurement would likely rise if the supply chain team secured a supplier that
provided a new, popular technology to include in the company's product? - ANSWER
revenue
Which measurement would likely rise if the supply chain team was able to partner with a
logistics provider to use the company-owned trucks and distribution center for more
hours per week? - ANSWER asset utilization
