SCMN 2150 Test 1 Questions with 100% Correct Answers
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Course
SCMN 2150
Institution
SCMN 2150
What is scm Correct Answer 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? Correct Answer suppliers, manufacturers, distributors, retailers, consumers
Who is the most important participant ...
SCMN 2150 Test 1 Questions with 100%
Correct Answers
What is scm Correct Answer 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? Correct Answer suppliers, manufacturers,
distributors, retailers, consumers
Who is the most important participant in
The supply chain? Correct Answer the consumer
What does SCM involve? Correct Answer all the activities that take place to get a
product in your hands - from the time of raw materials extraction to the minute you pull
out your credit card and take the final product home.
Three companys with good supply chains Correct Answer amazon, nike, walmart
Supply chain management is important because Correct Answer ...develop
collaborative, trusting relationships ...improve customer satisfaction
...rationalize product touch points
...drive out costs and achieve efficiencies
Why is SCM important to customers? Correct Answer -Product Availability
-Fulfillment Accuracy
Why is SCM important to companies? Correct Answer SCM help companies outpace
the competition by managing their materials,
Product, and information flows
What do these ceos have in common? Correct Answer they are former scm execs
Node Correct Answer A fixed point in a supply chain where valued added processes
take place. Goods are processed, transformed, mixed, held, or sold here
Link Correct Answer The transportation method used to connect the nodes (plants,
warehouses, stores) in a supply chain.
Network fulfillment options Correct Answer Direct delivery, cross dock, and distribution
center
Network design characteristics Correct Answer centralized or decentralized
Direct delivery Correct Answer supplier to store,
- no inventory idled
- quicker delivery
- lowest handling costs
Cross dock Correct Answer cross docks
Suppliers to dock, dock to truck. Preorganized
- moderate inventory held at store
- low handling costs
- low facility costs
Distribution center Correct Answer items held in inventory at middle warehouse
- high inventory held at warehouse
- high handling costs
- high facility investment
Newspaper Correct Answer direct delivery
Dog food or tents Correct Answer distribution center
Chicken Correct Answer cross dock
What is the network design process? Correct Answer to set-up an optimal and easily
maintainable supply chain configuration and merchandise flows to enable the supply
chain to best support the business objectives.
Centralized Distribution has an advantage in Correct Answer lower overall inventory
Handling cost are the highest for the following network fulfillment method Correct
Answer distribution center
Auburn has an RFID lab that work on Supply chain solutions like product tracking and
visibility Correct Answer true
Intermediate range plans Correct Answer Demand planning & forecasting
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