©FYNDLAY 2025 ALL RIGHTS RESERVED 3:06 PM A+
SCMN 3710 Chapter 15 Exam Questions
And Answers |Latest 2025 | Guaranteed Pass
The seven principles of supply chain management have stood the test of time very well. -
Answer✔True
The first principle of supply chain management is to segment customers based on profit. -
Answer✔False
The fourth principle of supply chain management is to differentiate products closer to the
customer. - Answer✔True
Technology and data are already very well integrated into supply chain management. -
Answer✔False
Corporate executives are already well aware of the impact supply chain management can have
on their businesses. - Answer✔False
CEOs view SCM initiatives as being primarily focused on cost reduction. - Answer✔True
For businesses, collaboration skills are very important to develop. - Answer✔True
The primary goal of a differentiation strategy is make your firm's products appear to be
different than your competitors' products. - Answer✔False
1|Page
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 3:06 PM A+
An effective time-based strategy should consider the tradeoffs between transportation,
inventory, and warehousing costs. - Answer✔True
Decision making is part of the Cycle Time Reduction strategy. - Answer✔True
The most compelling "financial strategy" is the pursuit of cost reduction and profit
improvement. - Answer✔False
The "facility utilization" strategy places a high priority on making sure that all supply chain
facilities create value only for the individual organizations. - Answer✔False
Outsourcing is a way to reduce asset investment as well as to address strategic and customer-
focused objectives. - Answer✔True
As a result of the economic recession that occurred in the 2008-2010 timeframe, growth in
supply chain technology has stagnated. - Answer✔False
It is anticipated that software as a service (SaaS), GPS and Cloud Computing technologies
should assist significantly in achieving enhanced supply chain flexibility and facilitating network-
type solutions. - Answer✔True
Key performance indicators (KPIs) that require ownership and commitment to the objectives by
all involved parties are needed for the success of relationship-based strategies. - Answer✔True
Which of the following does not belong in the list of the seven principles of supply chain
management?
a. Segment Customers Based on Service Needs
2|Page
SCMN 3710 Chapter 15 Exam Questions
And Answers |Latest 2025 | Guaranteed Pass
The seven principles of supply chain management have stood the test of time very well. -
Answer✔True
The first principle of supply chain management is to segment customers based on profit. -
Answer✔False
The fourth principle of supply chain management is to differentiate products closer to the
customer. - Answer✔True
Technology and data are already very well integrated into supply chain management. -
Answer✔False
Corporate executives are already well aware of the impact supply chain management can have
on their businesses. - Answer✔False
CEOs view SCM initiatives as being primarily focused on cost reduction. - Answer✔True
For businesses, collaboration skills are very important to develop. - Answer✔True
The primary goal of a differentiation strategy is make your firm's products appear to be
different than your competitors' products. - Answer✔False
1|Page
, ©FYNDLAY 2025 ALL RIGHTS RESERVED 3:06 PM A+
An effective time-based strategy should consider the tradeoffs between transportation,
inventory, and warehousing costs. - Answer✔True
Decision making is part of the Cycle Time Reduction strategy. - Answer✔True
The most compelling "financial strategy" is the pursuit of cost reduction and profit
improvement. - Answer✔False
The "facility utilization" strategy places a high priority on making sure that all supply chain
facilities create value only for the individual organizations. - Answer✔False
Outsourcing is a way to reduce asset investment as well as to address strategic and customer-
focused objectives. - Answer✔True
As a result of the economic recession that occurred in the 2008-2010 timeframe, growth in
supply chain technology has stagnated. - Answer✔False
It is anticipated that software as a service (SaaS), GPS and Cloud Computing technologies
should assist significantly in achieving enhanced supply chain flexibility and facilitating network-
type solutions. - Answer✔True
Key performance indicators (KPIs) that require ownership and commitment to the objectives by
all involved parties are needed for the success of relationship-based strategies. - Answer✔True
Which of the following does not belong in the list of the seven principles of supply chain
management?
a. Segment Customers Based on Service Needs
2|Page
