SCMN 2150: Exam 1 Modules 1-4 Robert Straw Questions and Answers 100% Pass

SCMN 2150: Exam 1 Modules 1-4 Robert Straw Questions and Answers 100% Pass
Question : What is supply chain?
CORRECT ANSWER: An integrated collection of
organizations, people, activities, information, and resources. It
includes customers, retailers, manufacturers, and suppliers.
Question : What is Supply Chain Management
CORRECT ANSWER: The "art" of managing the flow of
materials and products, information, and financial resources
from the source to user
Question : Strategies to achieve BETTER, FASTER, and
CHEAPER
CORRECT ANSWER: SCM help companies outpace the
competition by managing their materials, product, and
information flows
Question : What are the challenges of supply chain
management?
CORRECT ANSWER: 1. Product life cycles are shrinking
2. Customers are demanding customized products

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