SCM 303 Exam #3 supply chain
management
SCM 303 Exam #3 supply chain
management
Evidence of the growth and influence of supply management in an organization includes: - ANSWER
involvement in strategic planning and executive status of the chief supply officer.
Company image may be directly influenced by: - ANSWER treating suppliers in a fair and equitable
manner, complying with regulatory requirements and sustainability practices of suppliers.
The use of the concepts of purchasing, procurement, supply, and supply chain management will vary
from organization to organization depending on: - ANSWER the organization's stage of development
and/or sophistication, the industry in which they operate and the organization's competitive position.
The design and management of seamless, value-added processes across organizational boundaries to
meet the needs of the end customer is called: - ANSWER supply chain management
Supply has the potential to contribute to: - ANSWER profitability, competitive position and sustainability
performance.
For an organization with revenue of $100 million, purchases of $60 million, and profit of $8 million
before tax, a 10 percent reduction in purchase spend would result in an increase in profit of: - ANSWER
75 percent.
Interest in the supply function as a managerial activity began: - ANSWER during World Wars I and II
because of global materials shortages.
The return on assets effect (ROA) quantifies and measures: - ANSWER the impact of supply actions on
inventory and the balance sheet.
In manufacturing organizations, the dollars spent with suppliers fall into what range as a percent of
revenues? - ANSWER 50 to 80
, SCM 303 Exam #3 supply chain
management
Supply can influence risk management in which area(s)? - ANSWER financial, operational and reputation
The supply area is a good training ground for managers because it provides exposure to: - ANSWER
pressure of decision making under uncertainty and various levels and functions in the organization.
A successful supply chain management strategy integrates: - ANSWER processes and systems within and
across organizations.
On average, the dollars spent with suppliers as a percent of revenues: - ANSWER is greater in
manufacturing organizations than in service organizations.
The impact of supply management actions on the balance sheet is measured by the: - ANSWER return
on assets effect.
Evaluation of the supply function's contribution to organizational goals and strategies can be viewed in
the context of: - ANSWER E. both A and C above. (operational and strategic & direct and indirect)
Supply decisions can affect: - ANSWER the income statement and the balance sheet.
For an organization with annual sales of $500 million, purchases of $300 million and profit of $50
million, a 10 percent reduction in the cost of purchases would result in a profit-leverage effect of: -
ANSWER 60 or number with 6 idk
A systems approach to managing the flow of information, materials, and services from tiers of suppliers
through the buying organization to tiers of customers is: - ANSWER supply chain management.
There is not one best way for all organizations to organize and manage the supply function, conduct
activities, and effectively integrate suppliers. - ANSWER True
management
SCM 303 Exam #3 supply chain
management
Evidence of the growth and influence of supply management in an organization includes: - ANSWER
involvement in strategic planning and executive status of the chief supply officer.
Company image may be directly influenced by: - ANSWER treating suppliers in a fair and equitable
manner, complying with regulatory requirements and sustainability practices of suppliers.
The use of the concepts of purchasing, procurement, supply, and supply chain management will vary
from organization to organization depending on: - ANSWER the organization's stage of development
and/or sophistication, the industry in which they operate and the organization's competitive position.
The design and management of seamless, value-added processes across organizational boundaries to
meet the needs of the end customer is called: - ANSWER supply chain management
Supply has the potential to contribute to: - ANSWER profitability, competitive position and sustainability
performance.
For an organization with revenue of $100 million, purchases of $60 million, and profit of $8 million
before tax, a 10 percent reduction in purchase spend would result in an increase in profit of: - ANSWER
75 percent.
Interest in the supply function as a managerial activity began: - ANSWER during World Wars I and II
because of global materials shortages.
The return on assets effect (ROA) quantifies and measures: - ANSWER the impact of supply actions on
inventory and the balance sheet.
In manufacturing organizations, the dollars spent with suppliers fall into what range as a percent of
revenues? - ANSWER 50 to 80
, SCM 303 Exam #3 supply chain
management
Supply can influence risk management in which area(s)? - ANSWER financial, operational and reputation
The supply area is a good training ground for managers because it provides exposure to: - ANSWER
pressure of decision making under uncertainty and various levels and functions in the organization.
A successful supply chain management strategy integrates: - ANSWER processes and systems within and
across organizations.
On average, the dollars spent with suppliers as a percent of revenues: - ANSWER is greater in
manufacturing organizations than in service organizations.
The impact of supply management actions on the balance sheet is measured by the: - ANSWER return
on assets effect.
Evaluation of the supply function's contribution to organizational goals and strategies can be viewed in
the context of: - ANSWER E. both A and C above. (operational and strategic & direct and indirect)
Supply decisions can affect: - ANSWER the income statement and the balance sheet.
For an organization with annual sales of $500 million, purchases of $300 million and profit of $50
million, a 10 percent reduction in the cost of purchases would result in a profit-leverage effect of: -
ANSWER 60 or number with 6 idk
A systems approach to managing the flow of information, materials, and services from tiers of suppliers
through the buying organization to tiers of customers is: - ANSWER supply chain management.
There is not one best way for all organizations to organize and manage the supply function, conduct
activities, and effectively integrate suppliers. - ANSWER True
