Exam (elaborations)
SCM 301 Exam #1 questions and and answers
SCM 301 Exam #1 questions and and answers
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SCM 301 Exam #11) Internally Neutral - correct answer-Seek to minimize any negative potential
2) Externally Neutral - correct answer-Industry practices are followed what works for others
will work for us
3) Internally Supportive - correct answer-Strategic debate about supply chain structure
4 Stages of Alignment - correct answer--------
4) Externally Supportive - correct answer-Business strategy that exploits core competencies
5 Phases of Generic Project - correct answer-----
6 steps for PERT & CPM - correct answer-1. define project and WBS
2. develop relationship among activities
3. draw the network connecting and the activities
4. assign time and/or cost estimates to each activity
5. compute the longest path through the network (critical path)
6. use the network to plan, schedule, monitor and control the project
Accounting - correct answer-"Scorekeeper;" Develops the cost and performance information
the company needs to make smart business decisions; prepares reports
Black Box Design - correct answer-Suppliers are given general requirements and must fill in
the technical specs for the customer
Business Strategy - correct answer-The strategy that identifies a firm's targeted customers
and sets a timeframe and performance objectives for the business
Capacity Planning - correct answer-is the process of determining the production capacity
needed by an organization to meet changing demands for its products. and closely linked
with suppliers and customers in the interorganizational supply chain.
Characteristics of a Good - correct answer-- Tangible Product
- Consistent product definition
- Product usually separate from consumption
- Can be inventoried (counted)
- Low Customer interaction
Characteristics of a Service - correct answer-- Intangible product
- Inconsistent product definition
- Produced and consumed at the same time
- Often knowledge-based
- high customer interaction
, - Often Unique
- Frequently dispersed
Commercial Preparation Phase - correct answer-(fourth phase)
The company starts to invest heavily in operations and supply chain resources to support the
new product or service
Computer-aided design system (CAD) - correct answer-Information system that enables
engineers to develop, modify, share and test designs virtually
Computer-aided design/computer-aided manufacturing system (CAD/CAM) - correct
answer-CAD-based designs are translates into machine instructions which are fed
automatically into computer-controlled manufacturing equipment
Concept Development Phase - correct answer-(first phase of developmental process)
The company identifies ideas for new or revised products or services
Concept Phase - correct answer-1) develop a broad definition and scope of project and if it is
feasible
Concurrent engineering - correct answer-Activities in different development stages are
allowed to overlap w/ each other (alternative to sequential, shortens total development time)
Core competencies - correct answer-An organization's strengths or abilities, developed over
a long period, that customers find valuable and competition find difficult or impossible to
copy
CPM - correct answer-Critical path method (single time estimates)
Crash Cost Per Period - correct answer-(Crash Cost - Normal Cost) / (Normal Time - Crash
Time)
Critical Activity - correct answer-Project activity for which the earliest start time and latest
start time are equal. A critical activity cannot be delayed without lengthening the overall
project duration
Critical Path - correct answer-A network path that has the longest or is tied for the longest,
linked sequence of activities
Delivery window - correct answer-The acceptable time range in which deliveries can be
made
Design & Development Phase - correct answer-(third phase)
The company starts to invest heavily in development efforts and builds and evaluates
prototypes
Design for Maintainability (DFMt) - correct answer-Considering maintainability issues over
the product's life cycle when engaging in the design & developmental process
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