SCM Study guides, Class notes & Summaries

SCM 404 Final Exam | 340 Questions with correct Answers

2. A supply chain is a global network of organizations and activities involved in: a) Producing, buying, servicing, and disposing of goods and services. b) Designing, transforming, consuming, and disposing of goods and services. c) Financing, producing, and marketing of goods and services. d) Designing, financing, selling, and disposing of goods and services. correct answer: b) Designing, transforming, consuming, and disposing of goods and services. 3. The operational planning proce...

How does location relate to strategy? - correct answer The type of facility and its location affects the supply chain structure. What factors should be considered when determining a location? - correct answer economic and non-economic factors. What is the scoring/factor weighted model? - correct answer Consists of a list of major location criteria, each of which is partitioned into several levels, and an assigned score to each level that reflects its relative importance. What is t...

SCM 303 Exam 1 MSU questions with answers

Supply Chain Management - Exam 1 (Chapters 1-4)

What are the 3 supply chain flows? correct answer: Product, Info, Financial What is the glue that holds together a supply chain correct answer: Transportation 3. Why do retailers now have the power in the supply chain? correct answer: Represent the consumer Correct formula for price elasticity of demand? correct answer: % change in quantity demanded / % change in price What are the top 2 countries in export in order? correct answer: China, USA, Germany What environmental even...

SCMG 232 Midterm Study Set Exam 2024...

SCMA 331- Exam 2 Chap 6 Supplement (Answered) With Complete solution 2023/2024 Some degree of variability is present in almost all processes. True The purpose of process control is to detect when natural causes of variation are present. False A normal distribution is generally described by its two parameters: the mean and the range. False A process is said to be in statistical control when assignable causes are the only sources of variation. False Mistakes stemming from workers' inad...

Complete document with all the info and notes from the lectures. (articles not included)

"Which of the following are prerequisites to implementing a master production scheduling system? I. Define master production schedule (MPS) unit II. Install an enterprise resource planning (ERP) system III. Train an employee in MPS concepts and techniques" correct answers Define master production schedule (MPS) unit Train an employee in MPS concepts and techniques" "The master production schedule (MPS) translates the sales and operations plan (SOP) into" correct answers specific produc...