Class 16:Supply Chain 1: Introduction &
Walmart Case Exam Questions And Answers
What is a supply chain? -
correct answer ✅The concept of supply chain defines a series of
companies interlinked together by a flow of material and
information in order to serve the end customer
How does material flow -
correct answer ✅Material flows upstream to downstream
How does information flow -
correct answer ✅Flow of information flows downstream to
upstream
Supply Chain -
correct answer ✅Supplier → Manufacturer → Distributor
→Retailer → Customers
Supply Chain Lessons -
correct answer ✅-Must have good communication up and down
supply chains
- more cooperation up and down supply chains the better they
work
, Class 16:Supply Chain 1: Introduction &
Walmart Case Exam Questions And Answers
Supply Chain Management -
correct answer ✅Supply Chain Management is the design and
management of processes across organizational boundaries with
the goal of matching supply and demand in the most cost-effective
way.
Why is it so Difficult to Match Supply and Demand? -
correct answer ✅- Uncertainty in demand and/or supply
- Changing customer requirements
- Decreasing product life cycles
- Fragmentation of supply chain ownership
Conflicting objectives in the supply chain
Conflicting objectives even within a single firm -
correct answer ✅- Marketing/Sales wants: more finished goods
inventory (FGI), fast delivery, many package types, special
wishes/promotions
Walmart Case Exam Questions And Answers
What is a supply chain? -
correct answer ✅The concept of supply chain defines a series of
companies interlinked together by a flow of material and
information in order to serve the end customer
How does material flow -
correct answer ✅Material flows upstream to downstream
How does information flow -
correct answer ✅Flow of information flows downstream to
upstream
Supply Chain -
correct answer ✅Supplier → Manufacturer → Distributor
→Retailer → Customers
Supply Chain Lessons -
correct answer ✅-Must have good communication up and down
supply chains
- more cooperation up and down supply chains the better they
work
, Class 16:Supply Chain 1: Introduction &
Walmart Case Exam Questions And Answers
Supply Chain Management -
correct answer ✅Supply Chain Management is the design and
management of processes across organizational boundaries with
the goal of matching supply and demand in the most cost-effective
way.
Why is it so Difficult to Match Supply and Demand? -
correct answer ✅- Uncertainty in demand and/or supply
- Changing customer requirements
- Decreasing product life cycles
- Fragmentation of supply chain ownership
Conflicting objectives in the supply chain
Conflicting objectives even within a single firm -
correct answer ✅- Marketing/Sales wants: more finished goods
inventory (FGI), fast delivery, many package types, special
wishes/promotions
