BUAD 331 Supply Chain Exam 1 Questions And Answers
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Course
BUAD 331 Sup
Institution
BUAD 331 Sup
Supply chain management refers to: - CORRECT ANSWER-The management of up
and downstream relationships with suppliers and customers to deliver superior
customer value at less cost to the supply chain as a whole.
Name the ways that supply chain management creates value? - CORRECT ANSWERForm, Ti...
BUAD 331 Supply Chain Exam 1
Questions And Answers
Supply chain management refers to: - CORRECT ANSWER-The management of up
and downstream relationships with suppliers and customers to deliver superior
customer value at less cost to the supply chain as a whole.
Name the ways that supply chain management creates value? - CORRECT ANSWER-
Form, Time, Place and Exchange
The "Great Divide" in SC occurs between: - CORRECT ANSWER-Demand focused
activities and supply focused activities
Which emerging megatrends will greatly challenge suppply change managers? -
CORRECT ANSWER-Disruptive technology, talent requirements, and social changes
Supply chain management: - CORRECT ANSWER-Extends the linking and
coordination of materials management, manufacturing management and distribution
upstream to suppliers and downstream to customers.
A firm is a recognized cost leader but has a strategic goal to become a cost and service
leader. What is one initiative that could be planned and implemented to make this a
reality? - CORRECT ANSWER-Offer tailored, customized services to key customers
What part of the Supply Chain Operations Reference (SCOR) model involves turning
the raw material into a finished product? - CORRECT ANSWER-Make
Procurement, Conversion and Logistics are activities that must be done to fulfill the
exchange commitment by creating form, time and place value.
True or False? - CORRECT ANSWER-True
On the demand creation side, _____________ is concerned with determining and
shaping long term customer need, and innovating offerings to satisfy those needs. -
CORRECT ANSWER-Marketing
Downstream, the priority is to deliver the form, time, and ________ for a specific
customer order. - CORRECT ANSWER-Place
Which activity area in the supply chain is generally focused on productivity or "up time"
and usually has no visibility of customer service or inventory metrics? - CORRECT
ANSWER-Make
, Which of the following would be a metric for a senior level supply chain manager? -
CORRECT ANSWER-Cash to Cash cycle
Changes in the business ____ and ____ help shift the focus of functional goals in the
departments of a business (finance, marketing, etc.) to total value creation for the
enterprise. - CORRECT ANSWER-Reward system and culture
Which of the following is NOT a way that supply chain management impacts ROI? -
CORRECT ANSWER-Increasing advertising spend to increase demand
Suppose that a company called Futuristics, Inc hires you to work in Supply Chain
Management. Your new manager sets up a meeting to discuss the Surfers, Inc.
account. The meeting opens with the manager stating, "I just reviewed the financial
report on Surfers, Inc. It really doesn't cost much to serve them, does it?" Which of the
following would be an appropriate response to the manager's statement? - CORRECT
ANSWER-Activity-based costing could better show us how much it really costs to serve
Surfers, Inc.
The Strategic Profit Model can be used to illustrate the impact of logistics and supply
chain on ROA (Return on Assets) by: - CORRECT ANSWER-Illustrating how varying
components of Net Profit Margin and Asset Turnover can lead to different values of the
Return on Assets ratio
When benchmarking, ________ comparisons should be used if we are trying to
determine if our process can be performed better than we have before, while
__________ comparisons should be used if we are trying to determine industry
competitiveness. - CORRECT ANSWER-internal, external
Traditional cost accounting procedures allocate costs to customers based upon: -
CORRECT ANSWER-The percent of total sales represented by each customer
Keeping all other inputs constant, what is one way that SCM does not increase ROI? -
CORRECT ANSWER-Recieve better terms on loans for capital.
What is the major advantage of Dell's ordering and payment policies? - CORRECT
ANSWER-Negative cash-to-cash cycle
In relation to the overall supply chain, ______ place a 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. - CORRECT ANSWER-upstream operations,
downstream operations
What negative outcomes can result from large lot-sized, long lead-time operations? -
CORRECT ANSWER-1. Customers don't want the items.
2. The items are in places and at times customers don't want them.
3. Unsold products are sold at reduced prices or scrapped altogether.
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