SCM 3005 Exam 1 Questions & Answers 2024/2025
T/F: The key to successful SCM include trust, cooperation, collaboration and transparency - ANSWERSTrue
Conditions which must be present for successful SCM include: - ANSWERSCooperation among firms
The FOUR important elements of the supply ch...
T/F: The key to successful SCM include trust, cooperation, collaboration and transparency -
ANSWERSTrue
Conditions which must be present for successful SCM include: - ANSWERSCooperation among firms
The FOUR important elements of the supply chain are: - ANSWERSSupply
operations
logistics
integration
Which of the following is considered a current trend in SCM? - ANSWERSall of the above:
using supply chain analytics
increasing supply chain visibility
sustainability
Which of the following can happen as a result of the bullwhip effect? - ANSWERSexcess costs for each
firm in a supply chain
T/F Many large firms are moving toward vertical integration to have more control over the entire supply
chain - ANSWERSfalse
Which six sigma tool is used to present data in an organized fashion from most to least severe? -
ANSWERSPareto charts
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
