SCMN 3150 Test 3 Gibson || Questions and 100% Accurate Answers.
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Course
SCMN 3150
Institution
SCMN 3150
What are key supply chain information requirements (7)? correct answers 1. Accurate
2. Accessible
3. Relevant
4. Reliable
5. Timely
6. Transferable
7. Usable
What benefits are created by supply chain information technology? (6) correct answers Has a positive impact on organizational perfo...
SCMN 3150 Test 3 Gibson || Questions and 100% Accurate
Answers.
What are key supply chain information requirements (7)? correct answers 1. Accurate
2. Accessible
3. Relevant
4. Reliable
5. Timely
6. Transferable
7. Usable
What benefits are created by supply chain information technology? (6) correct answers Has a
positive impact on organizational performance. Benefits:
1. Cross chain visibility
2. Speed up process
3. Allows agility (adapt and change)
4. Collaboration (internal or external data pools)
5. Differentiation
6. Risk management
What capabilities does supply chain information technology create? (3) correct answers 1.
Configure - support a company's efforts designing their supply chains, accounting for future
alternative operating models/ trade-offs between different configuration.
2. Optimize - creation and evaluation of optimal plans within the context of the company's
current operating model.
3. Respond - support ability to profitably respond to changes in any aspect of execution in a near-
real-time manner.
What are the major categories of supply chain software? (5) correct answers 1. Supply Chain
Planning
2. Supply Chain Execution
3. Event Management & Visibility
4. Business Intelligence
5. Facilitating tools
Supply Chain planning correct answers Provide accurate/ detailed information about issues that
affect planning and development of supply chain activities
Supply Chain Execution
EX: (3) correct answers Facilitate improved performance of tasks across supply chain
EX: Warehouse management systems, Transportation management systems, Manufacturing
execution systems
, Event Management & Visibility correct answers Help manage problem scenarios. Provide
accurate/ timely info to ensure that the right product gets to the right place at the right time
Business Intelligence correct answers Extract key data across the supply chain and provide to
decision makers
Facilitating tools
EX (3) correct answers Provides access to relevant data that help support the other categories of
supply chain software
Ex: Enterprise resource planning systems, supplier relationship management software,
Automatic ID tools
How is global SCM different from domestic SCM? correct answers Global SCM focuses on
planning, implementing, and controlling the cross-border flows of materials, money and
information between companies in different countries
What are the 3 key channels for global SCM? correct answers 1. Transaction channel
2. Communication channel
3. Distribution channel
Transaction channel correct answers Ownership transfer issues; responsibilities for freight
management
Communication channel correct answers Documentation & information sharing activities for
creating visibility and control
Distribution Channel correct answers Decisions regarding mode, carrier, and route selection for
efficient, safe, and reliable delivery
What are the key challenges for global SCM? (6) correct answers 1. Complexity: International
transactions require more steps (up to 106)
2. More regulations
3. Longer Distances
4. More lead time needed
5. More risk
6. More people using it
What is the purpose of global sourcing? correct answers Lowering supply chain costs
5 steps in global sourcing process correct answers 1. Evaluate category & user requirements
2. ID and qualify potential suppliers
3. Select supplier & negotiate details
4. Plan and execute the implementation
5. Monitor results & take corrective action
What costs (3) and risks (5) must be considered for global sourcing? correct answers Costs:
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