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BUAD 331 Exam 1|57 Answered Questions A+ Rated
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BUAD 331 Exam 1|57 AnsweredQuestions A+ Rated
Supply chain management refers to: - -the management of up and
downstream relationship with suppliers and customers to deliver superior
customer value at less cost to the supply chain as a whole
-Which of the following company refers to itself as a "technology company
merged with a supply chain?" - -Amazon
-How does SCM create value? - -Form, time, place and exchange
-The "Great Divide" in SCM occurs between: - -demand-generating activities
and demand-fulfilling activities
-What megatrend(s) will greatly change SC managers? - -Disruptive
technology, talent/skills requirement, and social changes
-What is main problem with the traditional order process, as depicted in this
picture? - -Actions are sequential and thrown "over the wall" do the
downstream functional area
-SCM refers to the relatively new business phenomenon of - -the
management of upstream and downstream relationships with suppliers and
customers to deliver superior customer value at less cost to the supply chain
as a whole
-What part of the supply chain operations reference (SCOR) model involves
turning the raw material into a finished product? - -Make
-In relation to the overall supply chain, ____ place and priority on cost
savings while ____ place a priority on doing whatever is necessary to deliver
form, time, and place as promised on a specific order. - -upstream
operations, downstream operations
-What negative outcomes can result from large lot-sized, long lead-time
operations? - -Customers don't want the items, the items are in places and
at times the customers don't want them, and unsold products are sold at
reduced prices or scrapped together
-_____ the chain facilitates better strategic alignment between supply chain
operations. - -Bending
, -What did Caterpillar do in 2013 that led to a better integration of its supply
chain functions? - -Formed an integrated supply chain group to manage its
supply chain
-Which of the following would be a metric for a senior level supply chain
manager? - -Cash-to-cash cycle
-What is a company's optimal service level? - -The point whee the cost and
revenue curves are farthest apart
-Should all customers receive the same level of customer service? - -No
-The supply chain value proposition framework represents the interactions
between: - -Revenues, costs and assets
-According to an E&Y survey of supply chain professionals, what is the
priority of the supply chain organization? - -improving service quality
-Which of these is an example of a "tax haven"? - -a country or jurisdiction
with very low corporate costs
-Which of the following actions will most directly will lead to more cash
availability? - -Collect account receivables more quickly
-Which one of the types of planning was not introduced in this model? - -
Date planning
-Planning processes heavily utilize IT systems, but a planner is still vital to
ensure a high quality plan. - -True
-Which planning approach was discussed in this model? - -Exception based
-Supply chain measurement are often called all the below EXCEPT: - -
Critical points
-Supply chain measurement is important for all the reasons below except: -
-To build the income statement
-End-to-end supply chain measures are the most important type of supply
chain metric: - -True
-A scorecard is balanced typically includes which type of measure. - -
Financial, quality, learning and improvement, and cycle time
-Metrics provide a complete picture of supply chain performance> - -False
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