SCMN 2150
Who is the most important participant in the supply chain? - Answer- the consumer
How many primary groups are in the supply chain? - Answer- 5
-suppliers
-manufacturers
-distributers
-retailers
-consumers
In reality, what does a supply chain look like? - Answer- a spiderweb
...
SCMN 2150
Who is the most important participant in the supply chain? - Answer- the consumer
How many primary groups are in the supply chain? - Answer- 5
-suppliers
-manufacturers
-distributers
-retailers
-consumers
In reality, what does a supply chain look like? - Answer- a spiderweb
Supply Chain Management helps companies outpace the competition by managing
their materials, product, and information flows in order to be: - Answer- Better
Faster
Cheaper
Which utility allows companies to have products in locations where customer
demand will occur? - Answer- Place Utility
According to the second Episode 1 reading, the Gartner Top 25 ratings are based on
six criteria. Which of these is NOT one of those criteria? - Answer- Total supply chain
cost
The customer is not always the king. You need to balance supply chain service and
profitability, saving your best capabilities for your most profitable customers. -
Answer- True
All supply chains are constructed in a similar fashion with the same number and
types of participants. - Answer- False
In which type of product flow option do products move between facilities through an
interim facility where goods are quickly sorted, mixed, and moved immediately to the
customer? - Answer- Cross-dock
According to this week's reading about facility location, what types of products
should be produced near the final markets due to weight-gaining in the production
process? - Answer- Soft drinks
Distribution centers provide what benefit that is not readily available with cross-
docking or direct delivery? - Answer- Safety stocks to quickly handle customer
demand spikes
As the number of distribution facilities in your network decreases and becomes
highly centralized, what happens to your costs? - Answer- Outbound delivery costs
to customers rise due to greater distance to customers
, What is the primary benefit of direct shipping strategy? - Answer- Reduces delivery
time
What product flow option best fits the newspaper? - Answer- Direct Delivery
What product flow option best fits Puppy Chow dog food? - Answer- Distribution
Center
What product flow option best fits perishable chicken? - Answer- Cross-Dock
What product flow option best fits tents that are rented for Auburn football games?
tailgating? - Answer- Distribution Center
What is SCM? - Answer- the art of managing the flow of materials and products,
information, and financial resources from source to user.
7 Rights of SCM - Answer- 1. product
2. quantity
3. customer
4. time
5. place
6. condition
7. cost
What is a supply chain? - Answer- an integrated collection of organizations, people,
activities, information, and resources.
Goals of a supply chain? - Answer- -customer care
-competitiveness
-efficiency
-responsiveness
-resiliency
Better, faster, and cheaper
Key supply chain concepts - Answer- essential activities
key participants
back and forth flows
integrated processes
SCM focuses on: - Answer- essential activities:
-planning and forecasting (what will we build, buy, and sell?)
-procurement (how will we buy or make it?)
-operations management and production (inputs to outputs)
-logistics and transportation (moving the goods)
Consumer demand should drive activity across the supply chain. - Answer- True
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