SCM 300 EXAM 2 DAVILA
ACTUAL EXAM QUESTIONS WITH
COMPLETE CORRECT ANSWERS
100% VERIFIED BY EXPERTS’
LATEST VERSION
"4 types of retail ownership - CORRECT ANSWER=>1) Independents - One store, one owner.
Usually they are trying to satisfy a very specialized market or locale.
2) Chains - Multiple stores/facilities, one owner/company.
3) Franchises - A franchisor owns the rights to a company and the name. A franchisee is allowed
to open an outlet under that name. The franchisee must abide by the rules and processes of the
franchise.
4) Cooperatives - Retailer that is owned by its customer members. These organizations typically
try and fit the very special needs of the consumers that organized the cooperative. Examples:
REI (Recreational Equipment Inc.""
"prototype stores - CORRECT ANSWER=>A series of stores that have common design,
construction and layout"
"scan-based trading - CORRECT ANSWER=>retail stores don't pay suppliers until the items are
sold. This is not ideal for suppliers because if items don't get sold or get lost it's a lose"
"Recap of supply chain basics - CORRECT ANSWER=>-focus on people
-competitive priorities
-measuring success
-maximize value
, -productivity"
"importance of supply chain integration - CORRECT ANSWER=>- Supply chain integration is the
only way for supply chain partners to achieve effectiveness, efficiency, and adaptability."
"obstacles of integration - CORRECT ANSWER=>Poor communication, an unwillingness to share,
and/or lack of trust between supply chain partners"
"push system characteristics - CORRECT ANSWER=>• High finished goods demand readily
available for buyers • Opportunities to take advantage of quantity discounts • End-items are
standardized with little opportunity for customization • Vulnerable to obsolescence of
inventory, high holding costs, and poor demand forecasts that may result in stockouts or
massive overstocks."
"pull system cost of miscalculations - CORRECT ANSWER=>design
marketing
supply chain
finance"
"postponement - CORRECT ANSWER=>a hybrid production method whereby basic units of a
finished good are manufactured in advance of actual demand and held in strategic form or
location until demand occurs, when final customization takes place"
"supply chain goal trade-offs - CORRECT ANSWER=>cost
quality
speed
flexibility"
"lean manufacturing - CORRECT ANSWER=>An operation that strives to achieve the highest
possible productivity and total quality, cost effectively, by eliminating unnecessary steps in the
production process and continually striving for improvement."
"keys to lean manufacturing - CORRECT ANSWER=>• High Performance Quality
• Consistent Quality
• Quality at the source - Empowering every employee to be a quality inspector and manager
• Continuous Improvement - Being lean means being devoted to the consumer.
• Poka-yoke - Mistake-proofing. Lean companies will find ways to completely eliminate certain
types of errors.
ACTUAL EXAM QUESTIONS WITH
COMPLETE CORRECT ANSWERS
100% VERIFIED BY EXPERTS’
LATEST VERSION
"4 types of retail ownership - CORRECT ANSWER=>1) Independents - One store, one owner.
Usually they are trying to satisfy a very specialized market or locale.
2) Chains - Multiple stores/facilities, one owner/company.
3) Franchises - A franchisor owns the rights to a company and the name. A franchisee is allowed
to open an outlet under that name. The franchisee must abide by the rules and processes of the
franchise.
4) Cooperatives - Retailer that is owned by its customer members. These organizations typically
try and fit the very special needs of the consumers that organized the cooperative. Examples:
REI (Recreational Equipment Inc.""
"prototype stores - CORRECT ANSWER=>A series of stores that have common design,
construction and layout"
"scan-based trading - CORRECT ANSWER=>retail stores don't pay suppliers until the items are
sold. This is not ideal for suppliers because if items don't get sold or get lost it's a lose"
"Recap of supply chain basics - CORRECT ANSWER=>-focus on people
-competitive priorities
-measuring success
-maximize value
, -productivity"
"importance of supply chain integration - CORRECT ANSWER=>- Supply chain integration is the
only way for supply chain partners to achieve effectiveness, efficiency, and adaptability."
"obstacles of integration - CORRECT ANSWER=>Poor communication, an unwillingness to share,
and/or lack of trust between supply chain partners"
"push system characteristics - CORRECT ANSWER=>• High finished goods demand readily
available for buyers • Opportunities to take advantage of quantity discounts • End-items are
standardized with little opportunity for customization • Vulnerable to obsolescence of
inventory, high holding costs, and poor demand forecasts that may result in stockouts or
massive overstocks."
"pull system cost of miscalculations - CORRECT ANSWER=>design
marketing
supply chain
finance"
"postponement - CORRECT ANSWER=>a hybrid production method whereby basic units of a
finished good are manufactured in advance of actual demand and held in strategic form or
location until demand occurs, when final customization takes place"
"supply chain goal trade-offs - CORRECT ANSWER=>cost
quality
speed
flexibility"
"lean manufacturing - CORRECT ANSWER=>An operation that strives to achieve the highest
possible productivity and total quality, cost effectively, by eliminating unnecessary steps in the
production process and continually striving for improvement."
"keys to lean manufacturing - CORRECT ANSWER=>• High Performance Quality
• Consistent Quality
• Quality at the source - Empowering every employee to be a quality inspector and manager
• Continuous Improvement - Being lean means being devoted to the consumer.
• Poka-yoke - Mistake-proofing. Lean companies will find ways to completely eliminate certain
types of errors.
