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OMIS 340 Exam I questions and correct answers graded A+
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OMIS 340 Exam I questions and correct answers graded A+
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OMIS 340 Exam ISupply Chain - correct answer ✔✔a network of organizations, facilities, resources, and processes that
work together to convert and move goods and services to the end user.
True or False: A company can have multiple supply chains - correct answer ✔✔True
Supply Chain Management - correct answer ✔✔The systematic coordination of all the participants in a
supply chain.
Three Key Flows - correct answer ✔✔- Products and related services
- Information
- Financials (cash)
Demand Uncertainty - correct answer ✔✔uncertainty of customer demand for a product
supply chain efficiency - correct answer ✔✔ability to reduce the cost of making and delivering the
product to the customer
Supply Chain Responsiveness - correct answer ✔✔ability to meet short lead times, handle a large variety
of products
Reliability - correct answer ✔✔The ability to perform tasks as expected in all the SCM processes
Responsiveness - correct answer ✔✔Speed at which tasks are performed
Agility - correct answer ✔✔Ability to respond to external influences
Costs - correct answer ✔✔Cost of operating the supply chain processes.
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