SCMN 2150 TEST 1 WITH VERIFIED
QUESTIONS AND SOLUTIONS
what iis iscm i- iCORRECT iANSWER-The i"art" iof imanaging ithe iflow iof imaterials iand iproducts,
iinformation, iand ifinancial iresources ifrom isource ito iuser.
Who's iinvolved iin ithe isupply ichain? i- iCORRECT iANSWER-suppliers, imanufacturers, idistributors,
iretailers, iconsumers
Who iis ithe imost iimportant iparticipant iin
the isupply ichain? i- iCORRECT iANSWER-the iconsumer
What idoes iSCM iinvolve? i- iCORRECT iANSWER-all ithe iactivities ithat itake iplace ito iget ia iproduct
iin iyour ihands i- ifrom ithe itime iof iraw imaterials iextraction ito ithe iminute iyou ipull iout iyour
icredit icard iand itake ithe ifinal iproduct ihome.
three icompanys iwith igood isupply ichains i- iCORRECT iANSWER-amazon, inike, iwalmart
Supply ichain imanagement iis iimportant ibecause i- iCORRECT iANSWER-...develop icollaborative,
itrusting irelationships i...improve icustomer isatisfaction
...rationalize iproduct itouch ipoints
...drive iout icosts iand iachieve iefficiencies
Why iis iSCM iimportant ito icustomers? i- iCORRECT iANSWER--Product iAvailability
-Fulfillment iAccuracy
Why iis iSCM iimportant ito icompanies? i- iCORRECT iANSWER-SCM ihelp icompanies ioutpace ithe
icompetition iby imanaging itheir imaterials,
product, iand iinformation iflows
, What ido ithese iCEOs ihave iin icommon? i- iCORRECT iANSWER-they iare iformer iscm iexecs
node i- iCORRECT iANSWER-A ifixed ipoint iin ia isupply ichain iwhere ivalued iadded iprocesses itake
iplace. iGoods iare iprocessed, itransformed, imixed, iheld, ior isold ihere
link i- iCORRECT iANSWER-The itransportation imethod iused ito iconnect ithe inodes i(plants,
iwarehouses, istores) iin ia isupply ichain.
centralized i- iCORRECT iANSWER-National
Lower iinvestment
Lower ilevel iLower icost iHigher icost iEffective
decentralized i- iCORRECT iANSWER-Regional
Greater iinvestment
Higher ilevel iHigher icost iLower icost iHighly ieffective
network ifulfillment ioptions i- iCORRECT iANSWER-Direct idelivery, icross idock, iand idistribution
icenter
network idesign icharacteristics i- iCORRECT iANSWER-centralized ior idecentralized
direct idelivery i- iCORRECT iANSWER-supplier ito istore,
- ino iinventory iidled
- iquicker idelivery
- ilowest ihandling icosts
cross idock i- iCORRECT iANSWER-cross idocks
suppliers ito idock, idock ito itruck. ipreorganized
- imoderate iinventory iheld iat istore
- ilow ihandling icosts
QUESTIONS AND SOLUTIONS
what iis iscm i- iCORRECT iANSWER-The i"art" iof imanaging ithe iflow iof imaterials iand iproducts,
iinformation, iand ifinancial iresources ifrom isource ito iuser.
Who's iinvolved iin ithe isupply ichain? i- iCORRECT iANSWER-suppliers, imanufacturers, idistributors,
iretailers, iconsumers
Who iis ithe imost iimportant iparticipant iin
the isupply ichain? i- iCORRECT iANSWER-the iconsumer
What idoes iSCM iinvolve? i- iCORRECT iANSWER-all ithe iactivities ithat itake iplace ito iget ia iproduct
iin iyour ihands i- ifrom ithe itime iof iraw imaterials iextraction ito ithe iminute iyou ipull iout iyour
icredit icard iand itake ithe ifinal iproduct ihome.
three icompanys iwith igood isupply ichains i- iCORRECT iANSWER-amazon, inike, iwalmart
Supply ichain imanagement iis iimportant ibecause i- iCORRECT iANSWER-...develop icollaborative,
itrusting irelationships i...improve icustomer isatisfaction
...rationalize iproduct itouch ipoints
...drive iout icosts iand iachieve iefficiencies
Why iis iSCM iimportant ito icustomers? i- iCORRECT iANSWER--Product iAvailability
-Fulfillment iAccuracy
Why iis iSCM iimportant ito icompanies? i- iCORRECT iANSWER-SCM ihelp icompanies ioutpace ithe
icompetition iby imanaging itheir imaterials,
product, iand iinformation iflows
, What ido ithese iCEOs ihave iin icommon? i- iCORRECT iANSWER-they iare iformer iscm iexecs
node i- iCORRECT iANSWER-A ifixed ipoint iin ia isupply ichain iwhere ivalued iadded iprocesses itake
iplace. iGoods iare iprocessed, itransformed, imixed, iheld, ior isold ihere
link i- iCORRECT iANSWER-The itransportation imethod iused ito iconnect ithe inodes i(plants,
iwarehouses, istores) iin ia isupply ichain.
centralized i- iCORRECT iANSWER-National
Lower iinvestment
Lower ilevel iLower icost iHigher icost iEffective
decentralized i- iCORRECT iANSWER-Regional
Greater iinvestment
Higher ilevel iHigher icost iLower icost iHighly ieffective
network ifulfillment ioptions i- iCORRECT iANSWER-Direct idelivery, icross idock, iand idistribution
icenter
network idesign icharacteristics i- iCORRECT iANSWER-centralized ior idecentralized
direct idelivery i- iCORRECT iANSWER-supplier ito istore,
- ino iinventory iidled
- iquicker idelivery
- ilowest ihandling icosts
cross idock i- iCORRECT iANSWER-cross idocks
suppliers ito idock, idock ito itruck. ipreorganized
- imoderate iinventory iheld iat istore
- ilow ihandling icosts
