SCM Exam 3 Questions with 100%
Correct Answers
Evidence of the growth and influence of supply management in an
organization includes: Correct Answer: -involvement in strategic planning and
executive status of the chief supply officer.
Company image may be directly influenced by: Correct 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: Correct
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:
Correct Answer: -supply chain management.
Supply has the potential to contribute to: Correct 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: Correct Answer: -75 percent.
Interest in the supply function as a managerial activity began: Correct Answer:
during World Wars I and II because of global materials shortages.
The return on assets effect (ROA) quantifies and measures: Correct 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? Correct Answer: 50 to 80
Supply can influence risk management in which area(s)? Correct Answer:
financial, operational and reputation
The supply area is a good training ground for managers because it provides
exposure to: Correct Answer: pressure of decision making under uncertainty and
various levels and functions in the organization.
A successful supply chain management strategy integrates: Correct Answer:
processes and systems within and across organizations
On average, the dollars spent with suppliers as a percent of revenues: Correct
Answer: is greater in manufacturing organizations than in service organizations.
The impact of supply management actions on the balance sheet is measured
by the: Correct Answer: return on assets effect.
Evaluation of the supply function's contribution to organizational goals and
strategies can be viewed in the context of: Correct Answer: operational and
strategic.
direct and indirect.
Normally, most organizational objectives can be summarized as: Correct
Answer: survival, growth, financial, and sustainability.
Supply strategies that are based on changes in demand and supply are known
as: Correct Answer: assurance-of-supply strategies.
A zero defects quality strategy emphasizes: Correct Answer: "do it right the first
time."
Correct Answers
Evidence of the growth and influence of supply management in an
organization includes: Correct Answer: -involvement in strategic planning and
executive status of the chief supply officer.
Company image may be directly influenced by: Correct 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: Correct
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:
Correct Answer: -supply chain management.
Supply has the potential to contribute to: Correct 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: Correct Answer: -75 percent.
Interest in the supply function as a managerial activity began: Correct Answer:
during World Wars I and II because of global materials shortages.
The return on assets effect (ROA) quantifies and measures: Correct 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? Correct Answer: 50 to 80
Supply can influence risk management in which area(s)? Correct Answer:
financial, operational and reputation
The supply area is a good training ground for managers because it provides
exposure to: Correct Answer: pressure of decision making under uncertainty and
various levels and functions in the organization.
A successful supply chain management strategy integrates: Correct Answer:
processes and systems within and across organizations
On average, the dollars spent with suppliers as a percent of revenues: Correct
Answer: is greater in manufacturing organizations than in service organizations.
The impact of supply management actions on the balance sheet is measured
by the: Correct Answer: return on assets effect.
Evaluation of the supply function's contribution to organizational goals and
strategies can be viewed in the context of: Correct Answer: operational and
strategic.
direct and indirect.
Normally, most organizational objectives can be summarized as: Correct
Answer: survival, growth, financial, and sustainability.
Supply strategies that are based on changes in demand and supply are known
as: Correct Answer: assurance-of-supply strategies.
A zero defects quality strategy emphasizes: Correct Answer: "do it right the first
time."
