SCMN 2150 Exam 1 Modules 1-4 Robert Straw

SCMN 2150 Exam 1 Modules 1-4 Robert Straw Latest Update -75 Questions with 100% Verified Correct Answers Guaranteed A+ Verified by Professor

_______ 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.

• logistics
• supply
• supply chain

D. operations - CORRECT ANSWER: C. supply chain

5 primary groups of Supply Chain - CORRECT ANSWER: Suppliers, manufacturers,

distributors, retailers, and consumers

7 Economic Factors of Business Logic - CORRECT ANSWER: land, labor, capital,

sources, production, markets, and logistics

7 Principles of SCM -- #3 - CORRECT ANSWER: Listen to market signals and align

demand planning accordingly across supply chain

7 Principles of SCM -- #6 - CORRECT ANSWER: develop a supply chain wide

technology strategy that supports multiple levels of decision making and gives a clear view of the flow of products, services, and information

7 Rights - CORRECT ANSWER: cost, consumer, condition, place, product, time,

quantity

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A fixed point in a supply chain where goods are processed, mixed, held, or sold is called

a:

• node
• supply chain
• operation

D. link - CORRECT ANSWER: A. node

According to the Demand Forecasting article in module 3, which of the following is the demand forecasting method for consumer goods that leverages the knowledge and experience of a company's sales team to aggregate data on customer demand?

• collective opinion
• expert opinion method
• customer surveys

D. barometric method - CORRECT ANSWER: A. collective opinion

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readings, the ______ process focuses on minimizing the number of items that enter a backward flow due to defects, being out of date, or needing to be recycled.

• deliver
• return
• make

D. plan - CORRECT ANSWER: B. return

According to the Module 1 readings, what benefit is achieved by supply chain integration?

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