SUPPLY CHAIN MANAGEMENT EXAM #13 STUDY GUIDE
FULLY SOLVED
Supply Chain Management Consists Of The Flow Of Products And Services From: -
correct answer -Raw materials manufacturers
-Component and intermediate manufacturers
-Final product manufacturers
-Wholesalers and distributors and retailers
Supply Chain Is Connected By ___ and ___. - correct answer Transportation and
storage activities
Supply Chain Is Integrated Through ___ , ___ , ___ ___ . - correct answer Information ,
planning, and integration activities.
Today Large Firms Are Moving Away ___ ___ Due To High Cost And Difficulty
Managing Diverse Units. - correct answer Vertically integrated
What Is Supply Chain Management - correct answer -The planning and management of
all activities involved in sourcing and procurement, conversion, and all logistics
management activities...also includes coordination with channel partners, which can be
suppliers, intermediaries, third party service providers, and customers.
-The design and management of seamless, value-added processes across
organizational boundaries to meet the real needs of the end customer.
-The design, planning, execution, control, and monitoring of supply chain activities with
the objective of creating net value, building a competitive infrastructure, leveraging
worldwide logistics, synchronizing supply with demand, and measuring performance
globally.
Traditional Organizational Cultures That Emphasized short-term, company focused
performance can ___ With The Objectives Of Supply Chain Management. - correct
answer Conflict
Successful Supply Chain Management Requires High Levels Of ___ , ___ , ___ , and
___ , ___ , ___. - correct answer Trust , cooperation , collaboration , and honest ,
accurate communications.
All Participants In The Supply Chain ___. - correct answer Benefit
, ___ Are ___ And ___ From "The Firm's Suppliers' Suppliers To Its Customers'
Customers )i.e., Second Tier Suppliers And Customers.) - correct answer Boundaries
are dynamic and extend
Supply Chains Also Include ___ ___ ___ To Handle Returned Products, Warranty
Repairs, And Recycling. - correct answer Reverse logistics activities
Firms With Large System Inventories Gain The Most From Successful SCM... - correct
answer -Lower purchasing and carrying costs
-Better product quality
-Higher customer service levels
-Increased sales and profits
First Using Supply Chain Management: - correct answer 1. Start with key suppliers
2. Move on to other suppliers, customers, and logistics services
3. Integrate second tier suppliers and customers (second tier refers to the customer's
customers and the supplier's suppliers)
Reasons To Employ Supply Chain Management... - correct answer -Cost savings
-Better coordination of resources
Reduced Bullwhip Effect - correct answer -Erratic demand forecasts causing excess
safety stocks, which cause production planning problems.
-SCM reduces safety stocks and costs due to coordinated planning and better sharing
of information.
SCM 1950s-1960s - correct answer US manufacturers focused on mass production
techniques as their principal cost reduction and productivity improvement strategies.
SCM 1960s-1970s - correct answer Introduction of new computer technologies lead to
development of Materials Requirements Planning (MRP) and Manufacturing Resource
Planning (MRPII) to coordinated inventory management and improve internal
communication
SCM 1980s-1990s - correct answer Intense global competition led US manufacturers to
adopt:
-Supply Chain Management (SCM)
FULLY SOLVED
Supply Chain Management Consists Of The Flow Of Products And Services From: -
correct answer -Raw materials manufacturers
-Component and intermediate manufacturers
-Final product manufacturers
-Wholesalers and distributors and retailers
Supply Chain Is Connected By ___ and ___. - correct answer Transportation and
storage activities
Supply Chain Is Integrated Through ___ , ___ , ___ ___ . - correct answer Information ,
planning, and integration activities.
Today Large Firms Are Moving Away ___ ___ Due To High Cost And Difficulty
Managing Diverse Units. - correct answer Vertically integrated
What Is Supply Chain Management - correct answer -The planning and management of
all activities involved in sourcing and procurement, conversion, and all logistics
management activities...also includes coordination with channel partners, which can be
suppliers, intermediaries, third party service providers, and customers.
-The design and management of seamless, value-added processes across
organizational boundaries to meet the real needs of the end customer.
-The design, planning, execution, control, and monitoring of supply chain activities with
the objective of creating net value, building a competitive infrastructure, leveraging
worldwide logistics, synchronizing supply with demand, and measuring performance
globally.
Traditional Organizational Cultures That Emphasized short-term, company focused
performance can ___ With The Objectives Of Supply Chain Management. - correct
answer Conflict
Successful Supply Chain Management Requires High Levels Of ___ , ___ , ___ , and
___ , ___ , ___. - correct answer Trust , cooperation , collaboration , and honest ,
accurate communications.
All Participants In The Supply Chain ___. - correct answer Benefit
, ___ Are ___ And ___ From "The Firm's Suppliers' Suppliers To Its Customers'
Customers )i.e., Second Tier Suppliers And Customers.) - correct answer Boundaries
are dynamic and extend
Supply Chains Also Include ___ ___ ___ To Handle Returned Products, Warranty
Repairs, And Recycling. - correct answer Reverse logistics activities
Firms With Large System Inventories Gain The Most From Successful SCM... - correct
answer -Lower purchasing and carrying costs
-Better product quality
-Higher customer service levels
-Increased sales and profits
First Using Supply Chain Management: - correct answer 1. Start with key suppliers
2. Move on to other suppliers, customers, and logistics services
3. Integrate second tier suppliers and customers (second tier refers to the customer's
customers and the supplier's suppliers)
Reasons To Employ Supply Chain Management... - correct answer -Cost savings
-Better coordination of resources
Reduced Bullwhip Effect - correct answer -Erratic demand forecasts causing excess
safety stocks, which cause production planning problems.
-SCM reduces safety stocks and costs due to coordinated planning and better sharing
of information.
SCM 1950s-1960s - correct answer US manufacturers focused on mass production
techniques as their principal cost reduction and productivity improvement strategies.
SCM 1960s-1970s - correct answer Introduction of new computer technologies lead to
development of Materials Requirements Planning (MRP) and Manufacturing Resource
Planning (MRPII) to coordinated inventory management and improve internal
communication
SCM 1980s-1990s - correct answer Intense global competition led US manufacturers to
adopt:
-Supply Chain Management (SCM)
