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SCMN 2150 Test 1 Questions with 100% Correct Answers

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What is scm Correct Answer 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? Correct Answer suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in The supply chain? Correct Answer the consumer What does SCM involve? Correct Answer 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 Correct Answer amazon, nike, walmart Supply chain management is important because Correct Answer ...develop collaborative, trusting relationships ...improve customer satisfaction ...rationalize product touch points ...drive out costs and achieve efficiencies Why is SCM important to customers? Correct Answer -Product Availability -Fulfillment Accuracy Why is SCM important to companies? Correct Answer SCM help companies outpace the competition by managing their materials, Product, and information flows What do these ceos have in common? Correct Answer they are former scm execs Node Correct Answer A fixed point in a supply chain where valued added processes take place. Goods are processed, transformed, mixed, held, or sold here Link Correct Answer The transportation method used to connect the nodes (plants, warehouses, stores) in a supply chain. Centralized Correct Answer National Lower investment Lower level Lower cost Higher cost Effective Decentralized Correct Answer Regional Greater investment

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Subido en
20 de septiembre de 2024
Número de páginas
8
Escrito en
2024/2025
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Examen
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SCMN 2150 Test 1 Questions with 100%
Correct Answers
What is scm Correct Answer 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? Correct Answer suppliers, manufacturers,
distributors, retailers, consumers

Who is the most important participant in
The supply chain? Correct Answer the consumer

What does SCM involve? Correct Answer 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 Correct Answer amazon, nike, walmart

Supply chain management is important because Correct Answer ...develop
collaborative, trusting relationships ...improve customer satisfaction
...rationalize product touch points
...drive out costs and achieve efficiencies

Why is SCM important to customers? Correct Answer -Product Availability
-Fulfillment Accuracy

Why is SCM important to companies? Correct Answer SCM help companies outpace
the competition by managing their materials,
Product, and information flows

What do these ceos have in common? Correct Answer they are former scm execs

Node Correct Answer A fixed point in a supply chain where valued added processes
take place. Goods are processed, transformed, mixed, held, or sold here

Link Correct Answer The transportation method used to connect the nodes (plants,
warehouses, stores) in a supply chain.

Centralized Correct Answer National
Lower investment
Lower level Lower cost Higher cost Effective

Decentralized Correct Answer Regional
Greater investment

, Higher level Higher cost Lower cost Highly effective

Network fulfillment options Correct Answer Direct delivery, cross dock, and distribution
center

Network design characteristics Correct Answer centralized or decentralized

Direct delivery Correct Answer supplier to store,
- no inventory idled
- quicker delivery
- lowest handling costs

Cross dock Correct Answer cross docks
Suppliers to dock, dock to truck. Preorganized
- moderate inventory held at store
- low handling costs
- low facility costs

Distribution center Correct Answer items held in inventory at middle warehouse
- high inventory held at warehouse
- high handling costs
- high facility investment

Newspaper Correct Answer direct delivery

Dog food or tents Correct Answer distribution center

Chicken Correct Answer cross dock

What is the network design process? Correct Answer to set-up an optimal and easily
maintainable supply chain configuration and merchandise flows to enable the supply
chain to best support the business objectives.

Centralized Distribution has an advantage in Correct Answer lower overall inventory

Handling cost are the highest for the following network fulfillment method Correct
Answer distribution center

Auburn has an RFID lab that work on Supply chain solutions like product tracking and
visibility Correct Answer true

Short-range planning Correct Answer Job assignments
Ordering
Job scheduling Dispatching

Intermediate range plans Correct Answer Demand planning & forecasting
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