SCM 545 FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS!!
Which of the following technologies are seen as potentially revolutionary for manufacturing operations?
(Select all that apply.) - (answer)additive manufacturing
advanced automation including co-bots (humans working alongside robots)
advanced material technologies
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)Disruptive technology
Increasing gaps in talents and skills
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)Better recognition of
how supply chain creates value for a company
Evolution of the concept of integrated supply chain management
Increasing name recognition by the media and the general public
, SCM 545 FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS!!
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)Customers don't want the items.
The items are in places and at times customers don't want them.
Unsold products are sold at reduced prices or scrapped altogether.
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
Which of the following technologies are seen as potentially revolutionary for manufacturing operations?
(Select all that apply.) - (answer)additive manufacturing
advanced automation including co-bots (humans working alongside robots)
advanced material technologies
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)Disruptive technology
Increasing gaps in talents and skills
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)Better recognition of
how supply chain creates value for a company
Evolution of the concept of integrated supply chain management
Increasing name recognition by the media and the general public
, SCM 545 FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS!!
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)Customers don't want the items.
The items are in places and at times customers don't want them.
Unsold products are sold at reduced prices or scrapped altogether.
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
