BUAD 331 Supply Chain Exam 1
Questions and Answers 2025
Supply chain management refers to: - answer The management of up and downstream
relationships with suppliers and customers to deliver superior customer value at less
cost to the supply chain as a whole.
Name the ways that supply chain management creates value? - answer Form, Time,
Place and Exchange
The "Great Divide" in SC occurs between: - answer Demand focused activities and
supply focused activities
Which emerging megatrends will greatly challenge suppply change managers? -
answerDisruptive technology, talent requirements, and social changes
Supply chain management: - answer Extends the linking and coordination of materials
management, manufacturing management and distribution upstream to suppliers and
downstream to customers.
A firm is a recognized cost leader but has a strategic goal to become a cost and service
leader. What is one initiative that could be planned and implemented to make this a
reality? - answerOffer tailored, customized services to key customers
What part of the Supply Chain Operations Reference (SCOR) model involves turning
the raw material into a finished product? - answerMake
Procurement, Conversion and Logistics are activities that must be done to fulfill the
exchange commitment by creating form, time and place value.
True or False? - answerTrue
On the demand creation side, _____________ is concerned with determining and
shaping long term customer need, and innovating offerings to satisfy those needs. -
answerMarketing
Downstream, the priority is to deliver the form, time, and ________ for a specific
customer order. - answerPlace
Which activity area in the supply chain is generally focused on productivity or "up time"
and usually has no visibility of customer service or inventory metrics? - answerMake
Questions and Answers 2025
Supply chain management refers to: - answer The management of up and downstream
relationships with suppliers and customers to deliver superior customer value at less
cost to the supply chain as a whole.
Name the ways that supply chain management creates value? - answer Form, Time,
Place and Exchange
The "Great Divide" in SC occurs between: - answer Demand focused activities and
supply focused activities
Which emerging megatrends will greatly challenge suppply change managers? -
answerDisruptive technology, talent requirements, and social changes
Supply chain management: - answer Extends the linking and coordination of materials
management, manufacturing management and distribution upstream to suppliers and
downstream to customers.
A firm is a recognized cost leader but has a strategic goal to become a cost and service
leader. What is one initiative that could be planned and implemented to make this a
reality? - answerOffer tailored, customized services to key customers
What part of the Supply Chain Operations Reference (SCOR) model involves turning
the raw material into a finished product? - answerMake
Procurement, Conversion and Logistics are activities that must be done to fulfill the
exchange commitment by creating form, time and place value.
True or False? - answerTrue
On the demand creation side, _____________ is concerned with determining and
shaping long term customer need, and innovating offerings to satisfy those needs. -
answerMarketing
Downstream, the priority is to deliver the form, time, and ________ for a specific
customer order. - answerPlace
Which activity area in the supply chain is generally focused on productivity or "up time"
and usually has no visibility of customer service or inventory metrics? - answerMake
