SCMN 2150: Exam 1 Modules 1-4 Robert Straw ||very Flawless.
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SCMN 2150:
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SCMN 2150:
According to the Module 1 readings, what benefit is achieved by supply chain integration?
A. reduced facility investment
B. greater demand planning accuracy
C. greater equipment utilization
D. rationalized product handling correct answers B. greater demand planning accuracy
According to th...
SCMN 2150: Exam 1 Modules 1-4 Robert Straw ||very
Flawless.
According to the Module 1 readings, what benefit is achieved by supply chain integration?
A. reduced facility investment
B. greater demand planning accuracy
C. greater equipment utilization
D. rationalized product handling correct answers B. greater demand planning accuracy
According to the Module 1 readings, the ______ process focuses on minimizing the number of
items that enter a backward flow due to defects, being out of date, or needing to be recycled.
A. deliver
B. return
C. make
D. plan correct answers B. return
What should drive activity across the supply chain?
A. manufacturing efficiency
B. executive strategy
C. customer demand
D. marketing prediction correct answers C. customer demand
Which supply chain process focuses on the transformation of inputs into outputs?
A. supply management
B. production
C. logistics
D. post sales service correct answers B. production
_______ Management includes all the activities that take place to get a product in your hands -
from raw materials extraction to production and final goods delivery.
A. logistics
B. supply
C. supply chain
D. operations correct answers C. supply chain
What are the three key flows of a supply chain? correct answers INFORMATION, PRODUCTS,
FINANCIALS
Create visibility, drive utility, release funds
7 Rights correct answers cost, consumer, condition, place, product, time, quantity
, The 7 rights are part of the ... correct answers fulfillment accuracy
Why is scm important correct answers better, faster, cheaper
5 primary groups of Supply Chain correct answers Suppliers, manufacturers, distributors,
retailers, and consumers
Most important participant in the supply chain correct answers CONSUMER
Time utility correct answers having things in the right season
Ex. sunscreen
Place utility correct answers goods according to geographic location
Ex. winter coats
Distribution centers provide what benefit that is not readily available with cross-docking or
direct delivery?
A. rapid movement of perishable goods
B. less likelihood of product damages
C. lower costs for handling and storage
D. safety stock to quickly handle customer demand spikes correct answers D. safety stock to
quickly handle customer demand spikes
T/F: The primary benefit of a decentralized supply chain network is customer proximity and the
main drawback is a need for larger inventory safety stock. correct answers True
T/F: According to this week's readings, RBC found that Amazon has grown its logistics network
over the last three years the same amount that Walmart has grown its network over the last 50
years. correct answers True
A fixed point in a supply chain where goods are processed, mixed, held, or sold is called a:
A. node
B. supply chain
C. operation
D. link correct answers A. node
As the number of distribution facilities in your network decreases and becomes highly
centralized, what happens to your costs:
A. inventory costs go up due to greater safety stock requirements
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