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SCM Fundamentals exam 2 with 100% correct answers graded A+
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SCM Fundamentals exam 2 with 100% correct answers graded A+
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SCM Fundamentals exam 2One of the things that you learn from the interns in the opening video of Session 06 is that in Supply
Chain Management, even as an intern, you get to: - correct answer ✔✔Make real-life recommendations
that influence the way a business operates
In explaining the importance of Supply Chain Sustainability, Bob Taylor of Taylor Guitars explains that one
of their perspectives when sourcing wood for their guitars:
Apples grow on trees and Oranges grow on trees, but - correct answer ✔✔Wood does not grow on a
tree, so when you harvest wood, you are destroying the entire tree,. Therefore, you must protect the
forests in order to have a sustainable source for wood.
Within Kraljic's Portfolio Analysis, products that represent High Risk and High Value to the company are
categorized as: - correct answer ✔✔Critical or Strategic
A company would like to produce 500 products per week for 5 weeks.
The Direct Material Cost for the raw materials used in the product is $3.25 per product.
In order to start production, the company must purchase a special drill that costs $400.00 (this is a One-
Time purchase).
What is the Total Cost Per Product? - correct answer ✔✔$3.41 per product
To demonstrate a real-world application of the Strategic Sourcing process, Session 07 featured one of
Bauer's Supply Chain Management alumni, Tania, who works as a buyer at Halliburton. She states that
one reason she was able to get her job at Halliburton is that: - correct answer ✔✔As a part of the
Strategic Sourcing classes (SCM 4350 and SCM 4351), the students participate in case competitions
where they get to analyze real company data and then present procurement strategies to top executives
at those companies. This real world experience gives our Bauer SCM students an edge in the interview
process.
Word hard, Play hard...we are one team - correct answer ✔✔Within the Session 06 video profile of
Coyote Logistics, a Supply Chain Management company, employees claim that this is a fun place to work
because the attitude of:
, When putting together a Weighted-Point Evaluation System, a company put together the following list of
weights:
Safety = 0.18
Sustainability = 0.12
Quality = 0.20
Delivery = 0.21
Cost = ?
What should be the weight for "Cost" for this to be a valid Weighting Scheme? - correct answer ✔✔0.29
A company would like to produce 2000 products per week for 30 weeks.
The Direct Material Cost for the raw materials used in the product is $1.50 per product.
After producing 200 products, the company must stop production to replace a filter on the machine (the
filter is replaced after producing every 200 products). The filter costs $50.00.
What is the Total Cost Per Product? - correct answer ✔✔$1.75 per product
Sales Revenues = $50,000
COGS = $36,000
Pretax Earnings = $12,000
What is the Percent COGS? - correct answer ✔✔72.000%
Sales Revenues = $40,000
COGS = $26,000
Pretax Earnings = $9,000
Supply Management is able to reduce COGS by 10%.
What are the new Pretax Earnings? - correct answer ✔✔$11,600
The opening video of Session 07 features a Raw Materials Procurement Manager at Beiersdorf (a
Personal-Care Products manufacturer, including the Ercerin, Nivea, and Coppertone brands). She
mentioned that, one thing she likes about her procurement role in this global company is the
opportunity to: - correct answer ✔✔Travel the globe to visit suppliers and distribution centers,
interacting with diverse people from a variety of cultures.
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