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Summary SCMN 2150 (Test 1 Questions and Answers (latest Update 2024) 50 Questions
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SCMN 2150 (Test 1 Questions and Answers (latest Update 2024) 50 Questions
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SCMN 2150 (Test 1 Questions andAnswers (latest Update 2024) 50
Questions
Supply chain management - Correct Answer ✅ the art of
managing the flow of materials and products, information,
and financial resources from source to user
Who are the key participants and the primary processes in a
supply chain - Correct Answer ✅ - Suppliers
- Manufacturers
- Distributors
- Retailers
- Consumers (most important)
What are the goals of supply chain management - Correct
Answer ✅ SCM helps companies outpace the competition by
managing their materials, product, and information flows
(better, faster, cheaper)
How can companies develop a competitive advantage using
supply chain management - Correct Answer ✅ Develop
relationships, improve customer satisfaction, rationalize
product touch points, drive out costs and achieve efficiencies
, SCMN 2150 (Test 1 Questions and
Answers (latest Update 2024) 50
Questions
Links - Correct Answer ✅ The transportation method used
to connect the nodes in a supply chain
Nodes - Correct Answer ✅ (plants, warehouses, stores) a
fixed point in a supply chain where valued added processes
take place. Goods are processed, transformed, mixed, held,
or sold at nodes
Centralized network - Correct Answer ✅ One factory that
distributes nationally
Decentralized network - Correct Answer ✅ Many smaller
factories all over the country
Direct delivery - Correct Answer ✅ Package is delivered
directly from the warehouse to your house
Cross-dock - Correct Answer ✅ Is made in a factory and
put in a grocery store for quick purchase and consumption
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