SCMN 2150 Exams Pack Questions & Correct Answers | Latest Update |Already Graded A+

According to the Module 1 readings, what benefit is achieved by supply chain integration? A. reduced facility investment B. greater demand planning accuracy C. greater equipment utilization D. rationalized product handling : B. greater demand planning accuracy According to the Module 1 readi...

What type of purchases should receive a supply manager's lowest priority and time commitment? : Generic goods Which type of purchases include the modules and components that are used in production processes and add value to the product? : Direct materials What is the sequence of the five-st...

What is Supply Chain Management? : the art of managing the flow of materials, products, information, and financial resources from source to user. Why is SCM important? (4) : It provides valuable opportunities to create competitive advantage: 1. develop collaborative, trusting relationships 2....

--- must provide import documents electronically to the Customs agency prior to loading or arrival : carriers ----- impact customer satisfaction, supply chain performance, and organizational success. : routing practices According to a study by Stanford University, cross border trade processe...

supply chain technology goals : 1. automated decision making 2. exception management 3. cross-chain visibility 4. planning and execution infrastructure ***underneath have: - scorecards & dashboards - automated data collection - data synchronization - supply chain expertise then - synchr...

Supply chain management : 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 : - Suppliers - Manufacturers - Distributors - Retailers - Consumers (most i...

Which characteristic of high quality data ensures that the data is portable and readable by multiple systems : Transferability (T/F) Companies are actively investing in supply chain technology to enhance the customer experience and support growth. : True This software extracts data from oper...

What is procurement? : process of actually purchasing goods and services How does procurement differ from strategic sourcing? : Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic plan...

supply management : The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives strategic sourcing : an institutional procurement process that continuously impr...

What is procurement? : The purchase of merchandise or services at the optimum possible total cost in the correct amount and quality. How does procurement differ from strategic sourcing and supply management? : Procurement is buying the merchandise or services while SS tries to improve the buy...

supply chain technology goals : 1. automated decision making 2. exception management 3. cross-chain visibility 4. planning and execution infrastructure ***underneath have: - scorecards & dashboards - automated data collection - data synchronization - supply chain expertise then - synchr...

What is logistics? : The part of supply chain management that focuses on the planning, implementation, and control of the flow and storage of goods, relevant info., and related services What is fulfillment? : The primary method of distributing product to a store. The process that begins wit...

what are the key supply chain data requirements : 1. Accurate 2. Accessible 3. Relevant 4. Timely 5. Transferable 6. Reliable 7. Usable what are the goals of supply chain planning : solutions support the forward-looking process of coordinating assets to optimize the delivery of goods, ser...

what is scm : The "art" of managing the flow of materials and products, information, and financial resources from source to user. Who's involved in the supply chain? : suppliers, manufacturers, distributors, retailers, consumers Who is the most important participant in the supply chain? :...