SCM Final Exam Questions with Complete Solutions 2024/2025
7 views 0 purchase
Course
SCM
Institution
SCM
SCM Final Exam Questions with Complete Solutions 2024/2025
T or F: Supply chain management is a cross-disciplinary concept - ANSWERST
T or F: Two important conclusions can be drawn from various SCM definitions. First, supply chain management is a corporate task. Second, it modifies behavior...
SCM Final Exam Questions with
Complete Solutions 2024/2025
T or F: Supply chain management is a cross-disciplinary concept - ANSWERST
T or F: Two important conclusions can be drawn from various SCM definitions. First, supply chain
management is a corporate task. Second, it modifies behaviors at the organizational level in order to
reach functional goals - ANSWERSF
T or F: The main drawback of Process Mapping is the fact that mapping makes it more difficult to identify
activities within a process that are not adding value - ANSWERSF
T or F: Business process frameworks are basically identical to process maps - ANSWERSF
T or F: Licensing is similar to exporting in that it does not require capital outlays, thereby reducing risk
and increasing flexibility - ANSWERST
T or F: Offshoring and nearshoring are similar concepts, but their primary difference lies in how close to
the domestic country the suppliers or vendors are located - ANSWERST
Once a firm's process map identifies activities that are not adding value, what is the logical response?
a. re-draw the process map to avoid the non-value added activity
b. decrease the visibility of the non-value added activity
c. modify or eliminate the non-value added activity
d. link the non-value added activity to other bottlenecks in the firm - ANSWERSc. modify or eliminate the
non-value added activity
Disadvantages of ownership in a foreign market include all of the following except:
a. all financial risks are borne by the firm that utilizes ownership in the foreign market
, b. exchange rate fluctuations can change the relative value of foreign investments
c. firms cannot compete effectively with competitors who use other methods of market entry, such as
exporting and joint ventures
d. loss of flexibility because the firm has a long-term commitment to the foreign market
e. the possibility of government nationalization of foreign-owned businesses - ANSWERSc. firms cannot
compete effectively with competitors who use other methods of market entry, such as exporting and
joint ventures
True collaboration reflects the degree of dependency between groups where there exists which of the
following:
a. functional silos
b. iron-clad contract language
c. 3rd party negotiation team
d. mutual understanding of objectives - ANSWERSd. mutual understanding of objectives
Supply chain frameworks should contain certain essential attributes and functionality if they are to be
effective as management tools. Which of these choices describe one of those essential elements?
a. maintain supply chain confidentiality and limit the flow of information within the supply chain
b. avoid cross-functional/cross enterprise view of the organization
c. create a unique, and firm-specific definition of SCM
d. provide standard definitions for key supply chain processes - ANSWERSd. provide standard definitions
for key supply chain processes
Which of the following statements accurately describes the supply chain operations reference model?
a. SCOR provides a standardized method for measuring supply chain performance and to create a
common set of metrics that could be used for benchmarking
b. SCOR's goal is to enable users to address, improve, and communicate supply-chain management
practices within and between all interested parties
c. the SCOR model is highly process-focused
d. the SCOR model provides a cross-industry standard application for modeling a company's supply chain
processes
e. all of these are correct - ANSWERSe. all of these are correct
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.
